Solana will support the Ethereum Virtual Machine as more companies look to build on its blockchain.
Neon Labs, a blockchain company whose goal is to bring the Scalability and low transactions of Solana to all Ethereum-compatible networks, has announced that it will deploy its Ethereum-based smart contracts layer on Solana on December 12.
This layer is known as Neon EVM and is designed to offer support for the Ethereum Virtual Machine (EVM), a mechanism that will allow developers to work with Ethereum tools on the Solana blockchain.
EVM has become the most widely adopted computing standard worldwide for the development of blockchain-based applications. smart contracts.
With the implementation of Neon EVM, developers will have a smart contract platform on Solana with which to work with applications compatible with the Ethereum Virtual Machine and, therefore, also with Ethereum, something that is currently impossible.
The Neon EVM layer offers developers the ability to work with the Ethereum Computing Layer and Tools, thus reducing friction for the Ethereum developers who intend to expand to Solana.
On the other hand, Ethereum projects can take advantage of Solana's liquidity and users without having to rewrite all the code using Rust.
This implementation comes at a time when large Ethereum applications, such as AAVE, Curve or Sobal, have begun to look to expand to Solana, using Neon Labs' layer.
Circle also adds USDC to Solana
Circle, the issuer of the USDC stablecoin, has announced that it will implement a protocol for cross chain transfer to Solana for Euro Coin, the euro-backed stablecoin.
Circle will implement a permissionless cross-chain transfer protocol on Solana in the first half of 2023.
Euro Coin interoperability via Solana offers new use cases for the instant currency exchange, also provides more options for merchants with a new base currency, facilitates lending and borrowing of Euro Coin, and will enable its use in Solana Pay.
Google partners with Solana to run validator nodes
On the other hand, Google has announced that it has begun to Managing a Solana Validator Node, which will help the blockchain validate and confirm its transactions. The announcement also notes that Google Cloud will integrate Solana within its new Blockchain Node Engine node service.
So far, Google has installed validator nodes for Theta Network, Ronin Network, and Hereda.
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