Neon EV announced a solution to bridge the gap between Ethereum and Solana, allowing for low-friction development of EV dApps on Solana. The Neon EV program is a smart contract on the Solana blockchain that accepts wrapped Ethereum-like transactions and processes them on Solana.
Key Points:
1. Previously, EV dApps had to use a group or sidechain for low-cost solutions. By using Solana as the middle layer, EVs can outperform these solutions.
2. The average transaction fee for sending Ethereum on the Ethereum network is $2, while Solana offers fees between $0.5-$0.1, saving 4-20 times. In comparison, Solana’s average transaction fees are ~0.00001 SO ($0.0002) per transaction, saving 10,000 times.
3. Neon EV’s initial tests in Devnet demonstrate the protocol’s optimizations in practice.
4. The Neon DAO is activated to participate in and influence the future development of Neon EV with the launch on the Solana mainnet.
5. Neon EV prioritizes security, decentralization, and sustainability as its core tenets.
Hot Take:
Neon EV’s integration with Solana brings a significant cost-saving solution for EV dApps. By leveraging Solana’s technical advantages, developers can deploy Ethereum dApps with ease. This collaboration showcases the potential of blockchain technology to streamline processes and enhance efficiency in the crypto space.
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