Neon EVM is working on letting users pay transaction fees with different tokens
Neon EVM is engaged on letting customers pay transaction charges with tokens apart from the platform’s native token NEON. This characteristic is presently stay on testnet and it is scheduled to go stay on Neon EVM’s devnet within the coming weeks, with mainnet help anticipated in Q1 2024.
Neon is an Ethereum-based good contract layer on Solana. The brand new characteristic give customers transacting in Solana-based tokens, reminiscent of SOL, USDC and USDT, the choice to pay transaction charges within the transacting token quite than its native NEON token, in response to an announcement. The Neon DAO will contemplate which extra tokens to help sooner or later.
The initiative additionally means customers can bridge tokens from Ethereum to Solana to be used in Neon EVM ecosystem dapps or companies with out requiring the NEON token, simplifying the person expertise.
“We’re very excited to introduce this vital enhancement to Neon EVM,” Neon Basis director Marina Guryeva stated within the assertion. “This development reinforces our dedication to offering dapps with unparalleled flexibility and customers with decrease transaction prices and comfort.”
Fixing the ’empty tank’ drawback
Neon EVM’s multi-token transaction charge funds are designed to assist handle the frequent “empty tank” situation, the place customers might not have the ability to make outgoing transactions from their crypto wallets with out first topping it up with a local token from one other pockets to cowl the transaction charges.
Moreover, the replace additionally permits dapps to cowl the charges, enabling software suppliers to supply fee-free transactions as a part of their service choices.
Neon EVM went stay in July, enabling builders to construct Ethereum-native purposes on Solana, providing additional scaling alternatives through the high-speed blockchain. Neon’s implementation works as a sensible contract constructed on high of Solana to deploy Ethereum Digital Machine code — one thing not beforehand doable on the community.
