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Jinse Finance reported that blockchain developer Neon Labs has launched “Neon EVM,” a computing environment that allows developers to write Ethereum applications on top of Solana. Neon's implementation is a smart contract built on top of Solana, allowing developers to deploy Ethereum Virtual Machine (EVM) code that has hitherto been impossible on the network. Neon Labs has announced that it has completed the tools ethereum developers need to move their projects to Solana, a move it says could reduce the operating costs of their applications.


The Neon Labs team expressed confidence that its EVM solution will integrate effectively with Solana's high-throughput capabilities for hosting Ethereum applications, and is currently conducting extensive testing in this regard. In addition to providing access to the Solana network, the Neon EVM hopes to enable Ethereum applications to take advantage of Solana's native capabilities, including executing transactions in parallel.
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