💡 Did you know that any account within Neon EVM with a non-zero balance in NEON tokens (later NEON/ETH/ERC20) is called a Neon User?

👤Neon Users order Ethereum-like transactions that are executed via Neon EVM program on Solana.

💡 Did you know that a Neon EVM operator needs the following:

1. The Neon Web3 Proxy, and a dedicated RPC Solana node for Operators (both are needed).
2. A Solana account (wallet) funded with SOL tokens to create accounts for new users, deploy contracts, and execute transactions.

💸 Operators receive a fee from Neon users for finalizing the executions of Neon transactions.

💡 Did you know that NEON is a utility token that will also be used for governance? Stakeholders make the final decision to implement new functionality.

👥 Our goal is to provide a transparent, user-friendly process for proposing and voting on product improvements.

🔥 Zpoken Successfully Deploys the Compound Protocol on Neon EVM! Check out the following article:

https://medium.com/neon-labs/zpoken-successfully-deploys-the-compound-protocol-on-neon-evm-e1e663e921ed

As the mainnet is getting closer, we have started a campaign to improve the contributions quality and incentive the community to create better content by publishing the best works on our media, 4x per month on Telegram and then the best one out of those 4 again on our Twitter.

The first contribution we decided to share is this amazing video by Igorek!

💡 Did you know that the main benefit of the throughput of Neon comes from the parallel execution of transactions enabled by Solana?

💸The low costs of Neon EVM transactions are attributed to the low costs of Solana transactions as well.

💡 Did you know that The user can independently form the Solana transactions necessary for the execution of his Ethereum transaction?

🙅‍♂️In this case, we don't have an operator in the process. Execution of a Solana transaction is paid for with SOL tokens.

🔥Hey Neoners! We are excited to inform you we will be hosting a Networking event with Web3Cowork in Lisbon from October 31 until November 4 and we invite you to join us! Days will be divided into working, hacking, and of course - chilling together.

⏰On November 2, 14:00-18:00 we are hosting LAYER 2 MEETUP and panel discussion with some familiar guests like Polygon, Aurora, Fuel, and more!

More details and application here: https://web3cowork.org/


P.S. After this you can meet us at Solana Breakpoint from Nov 4-7, where we will have speeches, workshops, and something else you're gonna love.

Big things are coming.
Get ready 🤯

💡 Did you know that ERC-20/SPL Wrapper is an implementation of the ERC-20 interface for a certain SPL token?

🏛 In this case, balances are stored on the balance of SPL tokens, ERC-20/SPL Wrapper provides applications (solidity contractors) with the ability to work with these balances using ERC-20 protocols.

💡 Did you know that Neon EVM is a cross-chain solution that allows dApp developers to access the advantages of Solana to expand their services?

📣 New products like arbitrage or high-frequency trading, growth of their user base, and decreased costs wherever possible, including gas fees, all become possible.

🤯 Neon EVM will enable full compatibility with Ethereum on Solana!

Zpoken is a full-stack Web3 development firm. The company has shipped more than 50 projects and has 30 active builders across 10+ blockchain networks.

And now they tested and successfully deployed no one else but Compound Protocol's smart contract functions to our Neon EVM!

Check all the details here: https://medium.com/neon-labs/zpoken-successfully-deploys-the-compound-protocol-on-neon-evm-e1e663e921ed

💡 Did you know that Neon EVM is compiled into Berkeley Packet Filter bytecode, a format that can be executed on Solana?

🛠The BPF virtual machine is installed in Solana, allowing developers to embed other virtual machines inside Solana.

🪄This allows Neon EVM to receive Solana transactions with wrapped Ethereum-like transactions and process them on Solana according to Ethereum rules.

💡 Did you know that Neon Proxy is a service that provides a Web3 API to access the Solana blockchain?

👷‍♂️This acts as communication between Neon EVM clients and Neon EVM and it will be run by Neon Operators.

🙉 Its main functionality is to help Neon EVM clients start using Neon EVM without any changes to their codebase.

🔥Check out the best contribution of the previous week!
Get familiar with the Neon Discord Community in less than a minute!

The video guide was made by Ihor#5286✌️

💡Did you know that Neon EVM ensures the independence of its operations by providing open access to its infrastructure to anybody who is willing and capable of running Neon Proxy?

📚Moreover, the Neon Web3 Proxy can be replaced with a client library by any Neon EVM client if a dApp developer doesn't want to use it, but implementation isn't simple.

👷‍♂️Check out the guide for operators in Neon docs!

💡Did you know that Neon EVM operators deposit their own funds at the start of the execution of iterative transactions?

➡️If the transaction isn't fully executed by the original operator, the deposit and the user's fee are granted to another operator who finalizes it.

✅This ensures that iterative transactions are finalized as well as motivates not only the client but also any operator involved in processing the transaction to have a vested interest in making sure that the transaction is successfully completed.

💡 Did you know how Neon EVM gas fees are calculated?

Neon EVM gas fees include three main components:

1️⃣ The cost of executing a Solana transaction, which depends on the number of signatures specified in the transaction.
2️⃣ Some part goes to Neon DAO treasury for using the Neon EVM.
3️⃣ A fee paid to the Neon EVM operator that executes the transaction.

💡Did you know how the transfer of funds from Ethereum to the Neon EVM occurs?

🪱 This transfer is facilitated by the Wormhole bridge. When ERC-20 tokens on layer 1 (L1) are sent across the Wormhole bridge, SPL tokens representing the ERC-20 tokens are generated by an SPL token contract on Solana.

📦 To enable the interaction between SPL tokens and the Neon EVM interface (along with smart contracts on the Neon EVM), the original ERC-20 tokens are "wrapped" into SPL tokens. Once the ERC-20 tokens are wrapped, they're able to operate on the Solana network.

🔥 Here is the best contribution of the week!

Glorious, but simple design; an original and funny approach - that's the best way to present the features and benefits of Neon EVM.

The thread was made by kobeR 🤟
https://twitter.com/kober77387707/status/1588137203506597888

🔥We are excited to announce that the Neon EVM is set to go LIVE on MAINNET on December 12, making it the first EVM on Solana!

Ethereum-based dApps will now have access to Solana’s scalability & liquidity without change to the codebase!

We have many projects to join the Neon Ecosystem at launch and super happy to be partnering up with: AAVE, Curve, Wormhole, The Graph and more!

If you want to build your very own dApp on Neon, check out our docs (https://docs.neon-labs.org/) and feel free to reach out via Discord or here for any technical or non-technical inquiries.

Big shout out to our community and partners that have supported us this far! We would not be where we are without your support and patience!🙏

Ambassador program soon...👀

Check out the Medium article to learn more: https://medium.com/neon-labs/63b25bcc77a3