Blockchain Editor's Picks News

Strategic Collaboration between Eclipse and Neon Stack: Advancements in EVM-SVM Compatibility

Strategic Collaboration between Eclipse and Neon Stack: Advancements in EVM-SVM Compatibility

TL;DR

  • Eclipse and Neon Stack join forces to provide compatibility between EVM and SVM on blockchain.
  • Neon Stack offers an infrastructure that allows Ethereum dApp developers to work on the Solana network.
  • The collaboration seeks to accelerate mass adoption of Web3 by improving interoperability and user experience.

Eclipse and Neon Stack have announced a strategic alliance that marks a significant milestone in blockchain development.

The integration of Neon Stack into Eclipse has broken the compatibility barrier between EVM (Ethereum Virtual Machine) and SVM (Solana Virtual Machine), opening up new possibilities for developers and users in the blockchain ecosystem.

Eclipse, an Ethereum level 2 chain that uses the Solana Virtual Machine for its execution layer, has stood out for its unique modular design.

This combination of technologies seeks to solve the scalability trilemma by merging the best of Ethereum and Solana.

Eclipse‘s modularity smartly addresses scalability issues present on the Ethereum mainchain.

The collaboration with Neon Stack is crucial to this vision.

Neon Stack provides a standardized technology stack designed to facilitate EVM support in SVM-based networks such as Eclipse.

It includes components such as Neon EVM smart contracts and Neon Proxy, which enable the seamless integration of dApps written in Solidity into the Solana network.

For developers, this means being able to take advantage of Solana’s advantages, such as low fees and high transaction speed, while working with familiar Ethereum tools like Hardhat, Remix, and Truffle.

Eclipse and Neon Stack Strategic Collaboration: Advances in EVM-SVM Compatibility

Neon Proxy makes it easy to run EVM transactions on Solana, eliminating the need for complex logic

Users also benefit from this collaboration.

They can continue to use their native Ethereum tools and wallets, such as Metamask and Ledger, while experiencing the efficiency and speed of Solana on the Ethereum chain.

This could mean faster and cheaper transactions, especially important in applications like games and NFTs that operate on Ethereum.

The full launch of this collaboration is expected in the coming months after testing and optimizations.

With improved interoperability and an improved user experience, the partnership between Eclipse and Neon Stack is a significant step towards mass adoption of Web3.

The developer and user community can expect a more inclusive, interoperable and accessible ecosystem in the near future.

Related posts

Japan Asks Crypto Firms To Grow in Line With Sanctions on Russia

Afroz Ahmad

Agricultural Companies Adopt VeChain’s Blockchain As Over 300 Italian companies Join

ibrahim

Nuri Crypto Bank Warns Users to Withdraw Funds Before it Shuts Down

Joseph Alalade