Yona Community built-in the Neon Stack so as to add Ethereum Digital Machine (EVM)-compatibility. It already runs a Solana Digital Machine (SVM).
Yona Community, a Bitcoin Layer 2 community, is bringing a number of digital machines to Bitcoin.
Yona mentioned it is integrating Neon Stack, the tech stack from Neon EVM, to introduce Ethereum Digital Machine (EVM)-compatibility onto Yona Community. The mixing permits builders to port EVM-based decentralized purposes (dApps) onto the Yona Community and the broader Bitcoin ecosystem.
“EVM builders and customers will achieve entry into the Bitcoin ecosystem, tapping into over $1 trillion of untapped liquidity and distinctive Bitcoin-based belongings like Ordinals, Runes, and BRC-20s,” Yona Community mentioned.
“With the combination of Neon Stack, we are going to empower Yona Community to develop its market viewers and work together with the Ethereum neighborhood too,” mentioned Davide Menegaldo, the chief business officer at Neon EVM.”
Yona already leverages the Solana Digital Machine (SVM) to facilitate excessive transaction throughput. Prior to now 24 hours, Solana processed a median of three,173 transactions per second (TPS), in comparison with 250 TPS throughout Ethereum’s ecosystem. and5 TPS on Bitcoin.
Neon EVM’s tech stack facilitates EVM-compatibility for Solana and SVM-based chains.
EVM is a decentralized laptop for operating sensible contracts, permitting builders to create dApps on the Ethereum community. It processes transactions one by one. SVM permits for dApps on Solana. It makes use of parallel processing to deal with many transactions concurrently.
Bitcoin’s rising L2 ecosystem
The information comes amid the proliferation of Bitcoin Layer 2 networks as builders search to beat Bitcoin’s scalability limits and lack of sensible contract performance. Analysts attribute Bitcoin’s scalability limits to its 1MB block dimension and 10-minute block instances.
In response to DeFi Llama, Bitlayer presently ranks as the most important EVM-compatible Bitcoin L2 by whole worth locked with $381.7 million. Merlin is available in second with $294.7 million, adopted by the sidechains Stacks with $198.4 million and Rootstock with $169.6. million.
Bouncebit, a Bitcoin staking protocol, boasts a $388.7 million TVL, whereas Lightning Community, a payments-focused Bitcoin sidechain, additionally hosts $333.9 million.
Different Layer 2 initiatives bringing EVM performance to Bitcoin embrace Hemi Community, Citrea, Bitfinity, Botanix, and Conflux — all of that are presently reside on testnet.
Associated: Jeff Garzik’s Hemi Community Brings EVM Execution To Bitcoin
