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Neon EVM
@neonevm
🛠️ The Neon EVM Mainnet Update is Live! Our dev teams have been working around the clock for the last few months on a new performance update that will significantly enhance Neon EVM, bringing you a full parallel processing experience.
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Neon EVM
@neonevm
1️⃣ Neon EVM is built on Solana’s Sealevel parallel processing technology and is the first and only EVM on Solana mainnet. Neon EVM inherits its parallel processing prowess from Solana and with it other benefits too (high throughput, speed, finality etc).
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Neon EVM
@neonevm
2️⃣ High growth and activity on the Solana network was affecting Neon EVM, preventing us from fully leveraging Sealevel technology & its benefits. Our dev team identified this and worked tirelessly to implement crucial upgrades, which are now live on Mainnet.
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Neon EVM
@neonevm
3️⃣ We have transitioned from pessimistic account blocking to optimistic execution of Ethereum-like txns. This means more efficient and faster txns with number of iterations (in some cases by 10 times!) and execution time reduced. How? ↓
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Neon EVM
@neonevm
4️⃣ This is achieved by more optimally distributing computational units among iterative txns, reducing overhead, and decreasing the time it takes to handle iterations from the Proxy side. We also increased the atomicity of account locks by reducing the number of blocked accounts.
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