Neon Labs deploys its cross-chain EVM solution on the Solana blockchain.
21 Jul 2021, 08:00
Neon Labs deploys its cross-chain EVM solution on the Solana blockchain
Neon Labs, a company building secure blockchain solutions, announced today that it will be deploying its cross-chain EVM solution on the Solana testnet. The Neon EVM allows any dApp in the Ethereum ecosystem access to Solana’s high throughput as well as lower gas prices without needing code changes.
The Neon EVM creates a compatibility layer for Ethereum on the Solana blockchain; enabling anyone to run Ethereum contracts on the Solana blockchain. It works by introducing incentivized Neon EVM operators to the Solana blockchain; who facilitate transactions on behalf of Ethereum dApp users.