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Neo Introduces EVM-Compatible Sidechain to Combat MEV Attacks

Published 10/28/2023, 03:01 AM
Updated 10/28/2023, 03:15 AM
Neo Introduces EVM-Compatible Sidechain to Combat MEV Attacks
NEO
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ETH/USD
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  • 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.

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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