Monday, June 23, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

    Rekt Is Reaching the Masses

    Rekt Is Reaching the Masses

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

  • Gaming
    B3’s Self-Destruct PC, Avalanche Battle Pass

    B3’s Self-Destruct PC, Avalanche Battle Pass

    7 Classic Video Games That Defined Their Consoles

    7 Classic Video Games That Defined Their Consoles

    How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

    How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

    IN-Match3 Joins Forces with Adventure Layer to Scale GameFi, Boost Accessibility & Profitability

    IN-Match3 Joins Forces with Adventure Layer to Scale GameFi, Boost Accessibility & Profitability

    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

    Crypto Casinos Made Over $80 Billion in 2024

    Crypto Casinos Made Over $80 Billion in 2024

    A16z-backed Spekter Games founder shares Telegram gaming ethos

    A16z-backed Spekter Games founder shares Telegram gaming ethos

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

    Rekt Is Reaching the Masses

    Rekt Is Reaching the Masses

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

  • Gaming
    B3’s Self-Destruct PC, Avalanche Battle Pass

    B3’s Self-Destruct PC, Avalanche Battle Pass

    7 Classic Video Games That Defined Their Consoles

    7 Classic Video Games That Defined Their Consoles

    How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

    How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

    IN-Match3 Joins Forces with Adventure Layer to Scale GameFi, Boost Accessibility & Profitability

    IN-Match3 Joins Forces with Adventure Layer to Scale GameFi, Boost Accessibility & Profitability

    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

    Crypto Casinos Made Over $80 Billion in 2024

    Crypto Casinos Made Over $80 Billion in 2024

    A16z-backed Spekter Games founder shares Telegram gaming ethos

    A16z-backed Spekter Games founder shares Telegram gaming ethos

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Blockchain

Parallel structures can transform blockchain for users: Neon EVM software engineer

March 9, 2024
in Blockchain
8
Parallel structures can transform blockchain for users: Neon EVM software engineer
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

Andrei Dragnea shares insights on the challenges of building a blockchain with parallel architecture and what benefits this model presents.

Scalability is one of the three components of the Blockchain Trilemma described by Ethereum co-creator Vitalik Buterin, and one of the biggest challenges for blockchain-based infrastructures. Andrei Dragnea, Software Engineer at Neon Foundation, explains to Crypto Briefing how parallel structures can make blockchains more scalable, the impact they have on the decentralized ecosystem and what are Neon EVM plans for this year.

Crypto Briefing – How does a parallel structure work?

Andrei Dragnea – Okay, good question. First of all, this [parallel structure] is a concept coming from the Solana blockchain. It’s not related necessarily to Neon. We just built on top of it. It refers to the fact that the first blockchains were developed with sequential behavior in mind, meaning that we have shared the blockchain across all the nodes in the network, and the transactions that add blocks to the chain are executed sequentially.

Only one transaction at a time can modify the blockchain. This worked well in the past and it still works, let’s say quite well, for Bitcoin and Ethereum, which are blockchains that execute transactions sequentially. But as we know, the transactions per second for Ethereum are in the order of, if I remember well, 20 transactions per second or something like that, which is not very good.

And this is why gas prices are very high on Ethereum at the moment. In comparison, Solana is built around the idea of being able to execute transactions that are not related to each other in parallel, or better said, concurrently. How it does that is that Solana is designed to allow this by forcing you to specify the accounts involved in a transaction as input to that transaction.

For example, in Solana, when you have a transaction, you have to specify all the input and output accounts and also if an account will be changed in that transaction or not. If you transfer some SOL from one account to another, those two accounts will need to be marked in that transaction. Otherwise, the transaction will fail. The runtime uses this information to see if it can execute two transactions that are not related to each other at the same time.

If I transfer to you some SOL and another friend of yours transfers to his friend some SOL, these two transactions are not related to each other. On Solana, they can execute at the same time, but on Ethereum they cannot. This is the main idea behind why Solana has better throughput and also lower gas costs, because it can do more at the same time.

See also  Layer 2 zkEVM Scroll appears to have gone live on mainnet, $500,000 bridged so far

Crypto Briefing – What are the challenges to implementing a parallel infrastructure when designing a blockchain? Are Solana’s outages a consequence of their parallel-based model?

Andrei Dragnea – I think it’s a general question because parallel processing in computing in general involves more complexity when it comes to actually implementing it. So there are more challenges and more places where things can go wrong.

This is also how computers evolved from running only one program at a time to multitasking on one processor, where the operating system would do very fast context switching between applications. And then we arrived today, where we have multiprocessor systems where actually applications can run in parallel.

The same is true in blockchain. Operating systems have become more and more complex to handle all this complexity behind the scenes. Solana’s runtime is quite complex and has many components that are responsible for handling this parallel transaction execution.

About the Solana mainnet outage from the middle of February, I read the report about what happened and while I cannot say that the bug was related to parallel processing, it was a consequence of the overall complexity that the system has related to parallel transaction execution.

That’s because you need to make sure that you don’t, for example, make invalid changes to invalid account states. There are multiple threads of execution trying to update the state of the accounts on the blockchain and you need to make sure that that state is accurate.

There are some general problems related to parallel computing or concurrent computing that make things even more complicated. Also, the blockchain by itself, without parallel processing, is quite complicated given the cryptographic concepts that are at hand, but even more so when it comes to parallel processing.

So the main challenges, in my opinion, are the general ones that come from parallel programming in general, and this is software complexity that causes these things.

Crypto Briefing – So, implementing a parallel structure is like going against the blockchain native standard. Is it a challenge like trying to make the Ethereum Virtual Machine (EVM) compatible with zero-knowledge technology?

Andrei Dragnea – This is a good example. As I said, the main difference between Ethereum and Solana is that, on Ethereum, the transaction execution is sequential. Only one transaction at a time can be executed.

On Solana, we can have multiple transactions executed at once if they don’t have a dependency between them, and what we try to do with Neon EVM is give the benefits of parallel transaction execution from Solana to Ethereum users.

See also  Highlights From Strike CEO’s Rousing Speech at BTC Prague 2024

Neon EVM is a Solana program. Basically, it’s a smart contract on Solana that implements the Ethereum Virtual Machine, which is a specification saying how Ethereum smart contracts behave and need to be executed. And we add our logic on top of this, in order to allow this kind of transfer or contract calls that I told you about. We have two unrelated entities that want to call unrelated contracts on Ethereum, and they have to execute these two transactions one after another.

On the Neon EVM, they can be executed concurrently. And how we do that is quite interesting because of the big architectural difference between Ethereum and Solana. On Solana, as I said, you need to specify the input accounts for the transaction when you build the actual transaction, as it’s required by the design of the transaction protocol in Solana.

But on Ethereum, you don’t have to do that. You just specify the smart contract that you want to call, and until you execute that transaction, you don’t know which other contracts will be called, because an Ethereum smart contract by itself can call other smart contracts, like in a tree of calls, like in a normal program.

To detect this on our side, on the EVM side, we first emulate those Ethereum transactions to see what actual calls would be made if the transaction were to be executed. Then, having that emulation result, we can build the actual Solana transactions that execute the Ethereum transaction behind the scenes.

We take an Ethereum transaction, emulate it in our Neon EVM system, and then we can build the Solana transactions that are the backbone of the original Ethereum transaction.

So basically an Ethereum transaction is broken down into multiple Solana transactions that are fed into the Neon EVM Solana program. It then executes those Solana transactions using the logic of the Ethereum Virtual Machine, and afterward, the Neon Virtual Machine builds up the results back.

The end user sees an Ethereum-compatible blockchain that looks exactly like Ethereum, but behind the scenes runs on top of Solana and has the features of being able to execute transactions faster in general and cheaper. So these are our main selling points: we execute Ethereum-looking transactions in a parallel environment backed by Solana, and also with lower gas costs backed by Solana.

Crypto Briefing – Given the complex parallelized infrastructure behind Neon EVM, what are the practical impacts for the end users?

Andrei Dragnea – The main impact for the end user is also the costs, but also the user experience when it comes to some kinds of apps that are not currently available to Ethereum users or are not very user-friendly. For example, using a decentralized exchange that is built on top of Ethereum can be very unpleasant, especially if it’s integrated with the mainnet, because transactions take a lot to settle and be mined. So you don’t have a real-time experience when you want to trade something.

See also  More Telegram Games Launching TON Tokens, Parallel Hits Epic Games

On Neon EVM, they get executed immediately so you get real feedback for any kind of app that you build on top of this blockchain. Also, we want to expand into the gaming field too, and in the gaming field, you need real-time feedback if you want to integrate a blockchain in a game, because people in a game don’t like to wait for transactions to be settled.

It’s also about having an experience closer to real-time processing, and the lower gas costs are an important thing for the end user. I think the gas costs are the most immediate benefit, and the latency of transactions comes second, but they somehow go hand in hand.

That’s why transactions are cheaper: because they are faster to execute and not everyone waits for other transactions to execute first before yours, and that’s because of parallel execution.

Crypto Briefing – Ethereum gas prices have been very expensive in the last few days, which turned some investors to other blockchains, such as Solana. With the bull run in full throttle, do you believe this can benefit projects like Neon EVM?

Andrei Dragnea – It’s a very good question. I feel like it’s one of those moments when we can shine because people can see that other EVM chains can be fast and cheap, which is what everyone is looking for. For Bitcoin, I think it has a history behind it, and that’s why it’s very popular.

From a technical point of view, I feel like it’s limited from many points of view because it cannot support smart contracts. You cannot build an actual application on the blockchain with Bitcoin. We chose the Ethereum blockchain to port to Solana because Ethereum has the largest smart contract platform. It’s the biggest blockchain supporting smart contracts at the moment.

We wanted to offer developers the possibility to port their existing applications from Ethereum to Neon EVM with minimal to no changes. Using the same code they wrote for Ethereum, they can deploy on Neon EVM and it works exactly the same, and you access a new market there.

Also, all the bridging logic between our system and outside, like Solana SPL tokens and not only ERC-20 compatible tokens, should make us shine at this moment with all the blockchain hype recently.

We have all the things in place and ready for this, and we’ll see what people think.

Tags: BlockchainengineerEVMNeonParallelSoftwarestructuresTransformUsers

Related Posts

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities
Blockchain

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard
Blockchain

MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

August 2, 2024
NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services
Blockchain

NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

August 2, 2024
LFG Boosts Token Launches with Community Power
Blockchain

LFG Boosts Token Launches with Community Power

August 2, 2024
Polyhedra Network launches Proof Cloud in open beta
Blockchain

Polyhedra Network launches Proof Cloud in open beta

August 2, 2024
It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’
Blockchain

It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

August 2, 2024
Next Post
How memecoins helped Ethereum’s transaction fees

How memecoins helped Ethereum's transaction fees

Comments 8

  1. hmxun says:
    3 weeks ago

    cost clomid without rx clomiphene prices order cheap clomid price where can i buy generic clomiphene where to get generic clomiphene no prescription clomiphene reddit buying clomid without prescription

    Reply
  2. cheap cialis nz says:
    2 weeks ago

    More articles like this would frame the blogosphere richer.

    Reply
  3. dosage for flagyl for trichomonas says:
    2 weeks ago

    I am actually delighted to coup d’oeil at this blog posts which consists of tons of profitable facts, thanks towards providing such data.

    Reply
  4. rw703 says:
    1 week ago

    azithromycin sale – order ofloxacin 400mg generic order flagyl sale

    Reply
  5. 0ds57 says:
    1 week ago

    purchase semaglutide pill – buy rybelsus pills for sale order cyproheptadine 4mg online

    Reply
  6. ozs7q says:
    7 days ago

    buy motilium tablets – order sumycin 250mg pills buy generic flexeril

    Reply
  7. kw3sj says:
    5 days ago

    inderal online order – order plavix for sale methotrexate oral

    Reply
  8. vfqam says:
    2 days ago

    cheap amoxil generic – ipratropium us order ipratropium 100 mcg pills

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Renzo and Polyhedra Network Collaborate to Enhance Cross-Chain Interoperability

Renzo and Polyhedra Network Collaborate to Enhance Cross-Chain Interoperability

March 29, 2024
LA Wildfires Ethereum NFT Benefit Project Features Art From CryptoPunks Creator

LA Wildfires Ethereum NFT Benefit Project Features Art From CryptoPunks Creator

January 17, 2025
Square Enix Is Bringing Its NFT Game to Sony’s Ethereum Network

Square Enix Is Bringing Its NFT Game to Sony’s Ethereum Network

May 9, 2025
Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React?

Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React?

June 26, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • B3’s Self-Destruct PC, Avalanche Battle Pass
  • 7 Classic Video Games That Defined Their Consoles
  • Russia Predicted to Emerge as the Second Global Bitcoin Mining Power

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.