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Neon EVM is a virtual machine tailored to operate on the Solana network while maintaining compatibility with the Ethereum environment. Designed for developers, Neon EVM enables the execution of EVM-compatible smart contracts and facilitates the deployment of EVM-based dApps on the Solana blockchain.
One of the standout features of Neon EVM is its ability to process transactions in an Ethereum-like manner, all while taking advantage of Solana's remarkably high throughput and low transaction costs. By allowing developers to use well-known Ethereum tools and structures, Neon EVM not only leverages the robust infrastructure of Solana but also provides a familiar environment for developers transitioning from Ethereum.
This project addresses fundamental challenges within the blockchain ecosystem, such as scalability and high gas fees. With Neon EVM, developers can effectively scale their operations, harnessing Solana’s capabilities without discarding their familiarity with the Ethereum ecosystem.