- Neo’s sidechain development has had a significant impact on the Neo token’s market performance.
- The sidechain aims to create a more secure and equitable environment for users in the DeFi sector.
- Neo has introduced an EVM-compatible sidechain that is designed to operate in conjunction with the Ethereum Virtual Machine (EVM).
Neo, an open-source and community-driven blockchain, announced the upcoming launch of a sidechain that is compatible with Ethereum Virtual Machine (EVM) and to resist Maximal Extractable Value (MEV) attacks.
#Neo Founder @dahongfei, announcing #Neo’s New Chapter: an #MEVFree, #EVM compatible sidechain, to ensure security, privacy, and a smooth experience in the increasingly complex #DeFi landscape.The sidechain is under development. The testnet is planned to be launched at the end… pic.twitter.com/EO9Ck52qGt
— Neo Smart Economy (@Neo_Blockchain) October 27, 2023
According to their announcement on X, the sidechain would ensure security, privacy, and a smooth experience in the decentralized finance (DeFi) landscape. The sidechain is currently under development, with the testnet planned to be launched at the end of 2023.
The annou…
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