Neo’s Latest Endeavor: Developing an EVM Sidechain
Founded in 2014, Neo is actively pursuing the creation of a sidechain to bolster compatibility with Ethereum-based dApps, ensuring seamless integration with its N3 network. Neo’s founder, Da Hongfei, shared this exciting update during an event in Hong Kong.
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Founded in 2014, Neo is actively pursuing the creation of a sidechain to bolster compatibility with Ethereum-based dApps, ensuring seamless integration with its N3 network. Neo's founder, Da Hongfei, shared this exciting update during an event in Hong Kong.
This upcoming sidechain is engineered to be MEV-resistant and will incorporate the Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism, with a focus on enhancing scalability. It will also harness the native Neo GAS token.
Anticipation is mounting as the testnet is scheduled to go live by year-end, followed by the mainnet launch.
More blockchain projects are recognizing the challenge posed by Ethereum's popularity and actively seeking EVM compatibility for a competitive edge.
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