A closed beta version of Neon EVM, an Ethereum virtual machine on Solana, has been launched on Solana’s mainnet by Neon Labs. This beta version, called Neon EVMβ, allows dApp developers to use Ethereum tooling to scale and access liquidity on Solana. The launch is a significant milestone for the Neon EVM roadmap.

The Neon EVMβ supports fee-free transactions and enables Ethereum dApps to settle transactions on Solana, bridging the gap between the two blockchains. It leverages Solana’s low fees, high transaction speeds, and parallel transaction execution capabilities, making Solana a viable option for multichain builders.

The closed beta version of Neon EVM provides an opportunity for ecosystem players, including DAO, oracles, wallets, bridges, and more, to deploy and test their services before the official Solana mainnet launch. By operating in a closed beta, the Neon EVM team can control the onboarding process and test the integration of various components in a controlled manner. Only those on the guest list will be able to test transactions during this phase.

The closed beta approach also helps control the budget by limiting the activity to an invite-only list. While the Proxy Operator does not charge a fee, the Solana network still incurs costs in SOL for each transaction. Conducting an open beta would make it difficult to predict and manage these costs effectively.

FAQ:

What is the Neon EVM?

The Neon EVM is a low-friction solution that allows Ethereum dApps to settle transactions on Solana, eliminating the incompatibility between the two blockchains. It enables Ethereum developers to benefit from Solana’s network features while leveraging their existing Ethereum tooling.

Why is there a closed beta for Neon EVM?

The closed beta for Neon EVM allows ecosystem players to test their services and ensure seamless integration before the official Solana mainnet launch. By controlling the onboarding process, Neon EVM can manage the integration of various components and limit the budget by restricting activity to an invite-only list.

Can anyone participate in the closed beta?

Participation in the closed beta of Neon EVM is by invitation only. Only those on the guest list will have the opportunity to test transactions and provide feedback during this phase.

Sources: Coinjournal