Well, its taken awhile about 3 years in fact for Solana to catch fire.
Now with the addition of the Solana SC EVM from NEON Labs, which is fact an EVM SC which runs ERC20 Smartcontracts written in Solidity, where Solana SC Platform performance is added to any ERC20 Solidity SC, performance which will be at least 25X times faster or more.
How can that perfomance boost of ERC20 SCs be?
The short story is Solana is a massively parallel Blockchain with way better TPS than any of the Ethereum co-founders could ever dream of.
The long detailed story explaining why is here
The founders of Solan set off in 2015 to build that speed, originally build on the idea of Proof of History as first created by Anatoly Yakovenko , an Americanized (his English is almost perfect) Russion mobile software engineer who had toiled for several years at Qualcomm.
The Neon Lab's EVM SC Effect - Fixing ETH poor TPS for Solidity ERC20 SCs with Massivel Parellel Execution on Solana
The Solana story is really just beginning imo, and NEON EVM from Neon LABs which will now have the impact on Solana's marker valuation in the same fashion barbecue fluid being squirted into an all ready burning fire on the barbecue.
NEON Labs EVM SC for Solana's SC Platform will certainly flare Solana's market cap in the current crypto bull run, because it fixes the seminal anemic TPS shite performance problem of Ethereum Solidity Smart Contract Execution, by simply allowing existing ERC20 SCs to take advantage of the settlement time of Solana per Epoch which operates at 50,000 TPS on their current 200 node TestNet, with no changes to the Solidity ERC SC required.
That's right just load that poor performing ERC20 Solidity SC on NEON LAB's EVM SC and voila, poor performance problem fixed.
Of course, there is more configuration required 'under the hood' as it applies to leveraging the complete benefits of the Solana SC Platform is concerned, to ensure the ERC20 Solidity developer can create a truly great value add DEFI SC. (I will talk about the how in later post)
More interstingly, the ETH "NIH" crowd which makes up a big portion of the the Ethereum community, will mean it will take time for the Solidity Developer portion of that community to 'get over itself' and, dutifully migrate to the NEON EVM Smart Contract.
(if they really want to not only survive but also thrive in the fast paced world of crypto DEFI)
Really end the end, the high volume TPS Solidity SC solution developers looking for more TPS performance to handle bigger numbers of investor transactions will have no choice, as the competition in various DEFI iterations making use of Etheruem to run SCs written in Solidity is intense.
A Richer Basket of Crypto Offerings in DEFI Balancer space coming from ERC20 SC Developers in DEFI,
thanks to NEON Labs' Solana EVM SC for ERC20 SCs
For example, a Balancer ERC20 Solidity SC ported to run on the NEON Labs SC EVM plugged into Solana's SC Platform will for instance, be able to offer more choices within their balancer basket of cryptos, a nice , so to arrive possibility for investors who want to diversify their staked holdings in order to lower their portfolio risk.
GEt the picture?
NEON Labs EVM SC means Solidity SC developers in the DEFI space particularl, can create more attractive risk management options for investors when their SC is plugged into the NEON Labs EVM SC.
NEON Lab's Solana EVM SC for Solidity SCs explained here via CoinTelegraph recent youtube video a 1min+ watch
The Hot Can't Miss tip of 2021? Maybe it is indeed NEON Labs EVM SC
NEON Lab's own entrance into the crypto market space should also be hot, via whatever mechanism they are planning, ICO or otherwise.
What NEON Labs have created is seminal imo, given the positive impact NEON Labs creates together with Solana for the Ethereum segment of the greater crypto market, so investors and ERC20 Solidity DEFI developers a like MUST pay attention.
The crypto investor risk side is always the same: can the small NEON Lab's team execute and deliver rocksolid EVM operation as a Solana Smart Contract?
That said, I am pretty sure Solana is 'all over this one like a big dog', totally committed to helping NEON Lab's to 'big time' succeed.
Why?
Well because there is the simple fact the Solana founder himself hosted the most recent NEON Labs Team youtube intro video for EVM SC on Solana SC Platform, doing so with great patience and grace, given the key, very smart tech person at Neon Labs on that video is still getting up to speed with his English skills. That type of patience, grace and if I may say it 'class' was a 'breath of fresh air'. :)
One thing is sure imo, the world of Ethereum just changed BIG TIME for the better, change ironically affected by others operating on the fringe of the Ethereum community and that is great for everyone in crypto.
Ethereum Community's Trojan horse? NEON LABS EVM SC FOR ERC20 SOLIDITY SCs
Will this NEON LABS EVM SC development turn out to be the Trojan horse that sinks the Ethereum ship and triggers a mass migration of SCs to NEON EVM hosted ERC 20 SCs with many porting to native Solana SCs?
Time well tell.
Maybe the Flippening will happen after all in ways we totally did not see coming... for the next year or two.
Thereafter the pace of ERC20 Solidity SC development on top of NEON EVM SC will certainly be a market changing factor we must pay attention to as crypto investors.
If you're aTime to double up on Solana coverage together with Neon Labs,
That's all for now
TK over and out
