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Yona Community, a Solana Digital Machine (SVM) Bitcoin Layer 2 community, has adopted Neon Stacks to introduce Ethereum Digital Machine (EVM) compatibility to the Bitcoin community.
In response to a July 25 assertion shared with StarCrypto, this collaboration goals to drive innovation within the Bitcoin DeFi ecosystem whereas enhancing accessibility and scalability for decentralized purposes (dApps) on the foremost blockchain community.
On the similar time, the transfer may also give EVM builders and customers entry to over $1 trillion in liquidity and belongings like Ordinals, Runes, and BRC-20s on the Bitcoin community.
Bringing Solana velocity to Bitcoin
Yona Community’s SVM integration is ready to convey Solana’s excessive transaction-handling functionality to Bitcoin. This transfer may appeal to extra Ethereum and EVM-based DeFi tasks to the Bitcoin community.
In response to the assertion:
“By integrating SVM, Yona envisions bringing Solana’s capacity to deal with hundreds of transactions per second onto Bitcoin, making it a modular L2 with excessive scalability and a coveted platform for next-generation dApps inside the Bitcoin ecosystem that has deep liquidity.”
Neon Stacks, which presents Ethereum compatibility with the Solana blockchain, will assist Yona’s imaginative and prescient. The collaboration is predicted to reinforce blockchain interoperability and scalability.
Davide Menegaldo, Neon EVM CCO, highlighted that the combination would broaden Yona Community’s market viewers and interplay with Ethereum. He added:
“The mix of Bitcoin because the underlying layer with the SVM execution atmosphere – merged with the EVM compatibility – represents a novelty within the modularity house, and it’s an bold case research. Yona’s strategy leverages one thing good from every L1 (Ethereum, Solana, and Bitcoin) in a method by no means seen earlier than.”
Max Sultakov, Yona Community’s CEO, described the combination with Neon Stacks as a revolutionary transfer that may rework the blockchain community right into a common programmable layer for Bitcoin. He mentioned:
“Neon Stack is a game-changer, bringing EVM compatibility to SVM chains in an unprecedented method. This unlocks unimaginable potential for Yona Community, remodeling it right into a common programmable layer for Bitcoin.”