Yona Community, the Bitcoin Layer 2 Solana Digital Machine (SVM) community, has adopted Neon Stacks to convey Ethereum Digital Machine (EVM) compatibility to the Bitcoin community.
In line with a July 25 assertion shared by S fromcryptoThe objective of this collaboration is to foster innovation within the Bitcoin DeFi ecosystem whereas bettering accessibility and scalability for decentralized functions (dApps) on the main blockchain community.
On the similar time, this transfer may also give EVM builders and customers entry to greater than $1 trillion in liquidity and property corresponding to Ordinals, Runes, and BRC-20 within the Bitcoin community.
It brings the velocity of Solana to Bitcoin
Yona Community's SVM integration is about to convey Solana's excessive transaction processing energy to Bitcoin. This transfer may entice extra Ethereum and EVM-based DeFi tasks to the Bitcoin community.
In line with the assertion:
“By integrating SVM, Yona envisions bringing Solana's skill to course of 1000’s of transactions per second to Bitcoin, making it a extremely scalable, modular L2 and sought-after platform for next-generation dApps within the deeply liquid Bitcoin ecosystem.”
Providing Ethereum compatibility with the Solana blockchain, Neon Stacks will help Yon's imaginative and prescient. The collaboration is anticipated to boost blockchain interoperability and scalability.
Davide Menegaldo, Neon EVM CCO, emphasised that the combination would develop Yona Community's market viewers and interplay with Ethereum. Added by:
“Combining Bitcoin as a base layer with an SVM execution surroundings—merged with EVM compatibility—is novel within the modularity house and an bold case research. Yona's method makes use of one thing good from every L1 (Ethereum, Solana and Bitcoin) in a manner that has by no means been executed earlier than.”
Max Sultakov, CEO of Yona Community, described the combination with Neon Stacks as a revolutionary step that transforms the blockchain community right into a common programmable layer for Bitcoin. He mentioned:
“Neon Stack is a sport changer, bringing EVM compatibility to SVM chains in an unprecedented manner. This unlocks unbelievable potential for the Yona Community, reworking it right into a common programmable layer for Bitcoin.”
