Yona Network integrates Solana and Ethereum features into Bitcoin ecosystem

Yona Network, a Solana Virtual Machine (SVM) Bitcoin Layer 2 network, has adopted Neon Stacks to present Ethereum Virtual Machine (EVM) compatibility to the Bitcoin network.

According to a July 25 connection shared with CryptoSlate, this collaboration aims to thrust innovation successful the Bitcoin DeFi ecosystem portion enhancing accessibility and scalability for decentralized applications (dApps) connected the foremost blockchain network.

At the aforesaid time, the determination volition besides springiness EVM developers and users entree to implicit $1 trillion successful liquidity and assets similar Ordinals, Runes, and BRC-20s connected the Bitcoin network.

Bringing Solana velocity to Bitcoin

Yona Network’s SVM integration is acceptable to bring Solana’s precocious transaction-handling capableness to Bitcoin. This determination could pull much Ethereum and EVM-based DeFi projects to the Bitcoin network.

According to the statement:

“By integrating SVM, Yona envisions bringing Solana’s quality to grip thousands of transactions per 2nd onto Bitcoin, making it a modular L2 with precocious scalability and a coveted level for next-generation dApps wrong the Bitcoin ecosystem that has heavy liquidity.”

Neon Stacks, which offers Ethereum compatibility with the Solana blockchain, volition enactment Yona’s vision. The collaboration is expected to heighten blockchain interoperability and scalability.

Davide Menegaldo, Neon EVM CCO, highlighted that the integration would broaden Yona Network’s marketplace assemblage and enactment with Ethereum. He added:

“The operation of Bitcoin arsenic the underlying furniture with the SVM execution situation – merged with the EVM compatibility – represents a novelty successful the modularity space, and it’s an ambitious lawsuit study. Yona’s attack leverages thing bully from each L1 (Ethereum, Solana, and Bitcoin) successful a mode ne'er seen before.”

Max Sultakov, Yona Network’s CEO, described the integration with Neon Stacks arsenic a revolutionary determination that volition alteration the blockchain web into a cosmopolitan programmable furniture for Bitcoin. He said:

“Neon Stack is simply a game-changer, bringing EVM compatibility to SVM chains successful an unprecedented way. This unlocks unthinkable imaginable for Yona Network, transforming it into a cosmopolitan programmable furniture for Bitcoin.”

The station Yona Network integrates Solana and Ethereum features into Bitcoin ecosystem appeared archetypal connected CryptoSlate.