Neon EV Announces Integration with Soana Mainnet
During ECC23 in Paris, France on July 17, 2023, Neon EV announced its integration with the Soana blockchain. This integration aims to bridge the gap between the different programming, computing, and theory codes of Ethereum and Soana, providing a low-friction solution for EV DApps to operate on Soana.
- The Neon EV program is a smart contract on the Soana blockchain that accepts wrapped Ethereum-like transactions and processes them on Soana.
- Previously, EV DApps had to resort to using a group or sidechain when they wanted to leverage low-cost solutions. With Soana as the underlying layer, an EV is now able to outperform such layer-two solutions.
- The average transaction fee for sending E on the Ethereum network is approximately $2.00. Soana offers fees ranging from $0.1 to $0.5, resulting in a four to twenty times cost-saving.
- In comparison, Soana’s average transaction fees are approximately $0.0002 per transaction, which is a 10,000 times saving.
- The initial tests of Neon EV in Devnet demonstrate the protocol’s optimizations in practice.
Neon EV’s Impact on Soana Mainnet
Marina Guryeva, director of Neon Foundation, expressed excitement about Neon EV’s integration with the Soana mainnet. Once these tests are repeated in production, the team will present figures based on real-world data.
With the launch of Neon EV on the Soana mainnet, the Neon DAO is activated to participate in and influence the future development of Neon EV.
About Neon EV
Neon EV is an Ethereum virtual machine operating as a smart contract on Soana. It empowers developers to directly deploy Ethereum DApps with minimal reconfiguration of the code, while benefiting from Soana’s technical advantages.
The core principles of Neon EV are security, decentralization, and sustainability.
For more information about Neon EV and future updates, visit NeonEV.org and connect with the community on Twitter or Discord.
Links and Resources
- Find the Neon EV community on Twitter or Discord.
- To choose a public RPC endpoint, see Cainis.
- For a high-level overview of the technical architecture and features of Neon EV, the whitepaper is available.
- View Neon EV transactions on Soana with the NeonScan or BlockScout explorers.
- IR – Epic Layer Two Day, an event for researchers, developers, and enthusiasts dedicated to Ethereum layer-two scaling – see more there.
Hot Take
The integration of Neon EV with the Soana mainnet brings significant benefits to the EV DApp ecosystem. By leveraging Soana’s low transaction fees and technical advantages, developers can now deploy Ethereum DApps seamlessly on Soana, resulting in substantial cost savings and improved scalability. This integration marks a pivotal moment in the growth of both Neon EV and Soana, opening up new possibilities for the future of blockchain technology.