Ethereum

Yona Network Integrates Solana and Ethereum Features into the Bitcoin Ecosystem

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4 months ago

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Yona Network, a Solana Bitcoin Layer 2 Virtual Machine (SVM) network has been adopted Neon Batteries to be inserted Ethereum Virtual Machine (EVM) Compatibility with the Bitcoin network.

According to a July 25 statement shared with CryptoSlate, the collaboration aims to drive innovation in the Bitcoin DeFi ecosystem while improving the accessibility and scalability of decentralized applications (dApps) on the leading blockchain network.

At the same time, this initiative will also give EVM developers and users access to over $1 trillion liquidity and assets such as OrdinalsRunes and BRC-20 on the Bitcoin network.

Bringing Solana’s Speed ​​to Bitcoin

Yona Network’s SVM integration is expected to bring Solana’s high transaction processing capacity to Bitcoin. This move could attract more Ethereum and EVM-based DeFi projects to the Bitcoin network.

According to the statement:

“By integrating SVM, Yona plans to bring Solana’s ability to handle thousands of transactions per second to Bitcoin, making it a modular L2 with high scalability and a coveted platform for next-generation dApps within the Bitcoin ecosystem that has deep liquidity.”

Neon Stacks, which offers Ethereum compatibility with the Solana blockchain, will support Yona’s vision. This collaboration is expected to improve the blockchain’s interoperability and scalability.

Davide Menegaldo, Neon EVM’s Head of Business, highlighted that the integration would expand the Yona network’s audience and its interaction with Ethereum. He added:

“The combination of Bitcoin as the underlying layer with the SVM runtime, fused with EVM compatibility, represents a novelty in the modularity space, and it is an ambitious case study. Yona’s approach leverages something good from each L1 (Ethereum, Solana, and Bitcoin) in a way never seen before.”

Max Sultakov, CEO of Yona Network, described the integration with Neon Stacks as a revolutionary move that will transform the blockchain network into a universal programmable layer for Bitcoin. He said:

“Neon Stack is a major innovation, bringing EVM compatibility to SVM chains in an unprecedented way. This opens up incredible potential for Yona Network, turning it into a universal programmable layer for Bitcoin.”

Published in: Bitcoin, Technology

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