hi guys welcome to top crypto in today's video we're gonna talk a little bit more about neon labs
this video is not a financial advice this video is just for educational and entertainment purpose
only so please do your own research all the links are mentioned in the description box
below please don't forget to hit the like comment and subscribe to watch more of such videos without
further ado let's get into it alright so this is the website of neolab so you can access it
by going to neo-labs.org sunil is a really cool stuff because it kind of combines the idea of two
chains so we have solana and we have ethereum as per the website it is an ethereum virtual machine
which has scalability and liquidity like that of solana and it has one of the lowest gas fees so as
you can see it is zero point multiple zeros one five sole per tx and 4500 tps height throughput
which is pretty impressive i think it's a really cool concept because ethereum and zelena are like
one of the two biggest giants competing against each other but the fact that they are combining
them together in one environment is really cool with ethereum infrastructure it brings in accounts
and signatures tools and infrastructure eat like web3 rpc api erc20 tokens solidity smart contracts
but with solana blockchain it brings liquidity user base tx recording solana lightning fast tx
so that's really cool you can also start learning more about them by checking out their whitepaper
document and checking them out on github some of the benefits of neon evm is the scalability
so you get lower gas fees you get a high transaction speed of solana you can also grow
on solano's liquidity meaning you get access to all of these sold tokens you get access to native
solana assets like usdc and other bridged assets it's the first evm on solana so you can discover
various advantages related to it being the first mover and you can reach out to new customers
it also facilitates easy smart contract adaption so you can deploy ethereum d apps without any
reconfiguration of smart contracts you can also get familiar smart contract languages so you can
write your d apps in languages you know such as solidity or viper and you can also use tools that
you are already familiar with like metamask and truffle the best thing about neo evm is that it
is free based so neo will be a utility token and it will be used for various governance reasons
and on the money at launch the governance will be essentially taken care by a decentralized protocol
which has a clear and a user-friendly process for how to propose and vote on various
improvements that can be made within the protocol and here's the roadmap of the company so there was
a pre-alpha stage which is where neon ebm proof of concept neon evm stabilization indexing dashboard
rollout was taking place in the alpha stage there will be a limited d app testing neon pass rollout
neons can launch and morris swap deployment will take place in the beta phase there will be neon
dao governance rollout security audit shall be passed neon evm shall be rolled out in the gamma
stage neon evm full compatibility will take place the nft support will be available as well you can
also join their ecosystem and become an operator you can run proxy so that's really cool and also
for d apps if you are a developer out there or a team who wants to build on neon or integrate
with it you can also do that over here the best thing is that you can scale your ethereum d apps
on solana without requiring any changes to their code you can interact with the d apps you can also
explore the documents just to get more insight about how it works and you can build on the app
so that is one of the really cool stuff about it you can also run different ethereum d app on neon
so d5 decks games collectibles which is coming soon and many more options if you're somebody out
there who wants to scale your d app on solana you need to check out neon because it is the first and
the only option and solution right now and here's a little graphic that shows how it works it shows
the entire process so a simplified model of how it's gonna go about then there's a little graphic
that shows neon evm in much more detail about how it navigates also they have a really cool
community which is a home for developers token holders out there operators friends and supporters
from all around the world so they are available on discord 15 000 members twitter has 28 000 members
reddit has 900 members the blog readers has 500 plus members the telegram has 2000 members
the github has 150 plus stars so that's really cool because community is very important when
the project is new and upcoming it just helps and facilitates and like spreads the word out
you can also get rewarded simply for finding a bug or any sort of vulnerability in their neon
and you can kind of report it to them if you want to do that you can click over here so essentially
operators out there would run neon proxy which would allow very seamless execution of ethereum
like transactions on solana and this also allows the ethereum d-apps to be kind of ported to neon
without requiring any change of code so if you want to become an operator you can do that you
can click run proxy and go through this document to learn a bit more about how it works and all of
that and here is an explorer of neon scan you can access it by going to neonscan.org you can search
for cash account token block anything you want and over here you'll have a market tab which is
going to show information about the neon price market cap you'll have network information the
transactions that took place the last block the transactions that took place over a different
period of time you can have more information about the statistics the accounts the token the tps
operators and all of that you can also see latest transactions over a certain period
of time and also the latest blocks you can also click over here to swap from
many test net or devnet so that's a fun way to swap between different platforms
you can also transfer the slp tokens that you have between solana and neon by clicking to
this link so it's going to take you to neon pass so next you will come to this page where you can
exchange your solana tokens into neon you can swap it as well if you want to go it either way
the next step would be to connect to a wallet so if you have a meta mask wallet you can integrate
with it like so once the metamask wallet is connected you can click next and follow the
prompts i don't really want to do that but that's essentially how you would go about the process
so neon lab basically aims to bring both scalability and low transaction cost of solana
to an ecosystem of ethereum d apps developers and end users so that's a bit about it and here is the
team who's working behind the project so we have marina who is the ceo we have andre who is the cdo
we have constantine who is the ceo we have james who is the head of strategy and business division
and so on so that's a good thing that they do have their pictures over here and what they do because
i really like to see the people who are working behind the project because it just gives it more
credibility and makes the project look a lot more legit a lot more trustable and a lot more reliable
so we have marina over here you can also click over here and check them out on linkedin just
to have more context on how it works all right and this is the twitter page of neon labs and
as you can see they do have a following of 30.9 key followers which is pretty impressive because
it's a new project and over here they make regular updates about the new stuff that they are working
on so definitely worth checking out to stay tuned with the community to stay tuned with me on laps
so overall i feel the idea of combining ethereum and solana and putting them together to bring a
system that is more scalable is very futuristic and it does have a lot of potential to grow and
scale i'm really excited to see all the stuff neon labs shall do in future so stay tuned for
that i hope you guys enjoyed this video found it helpful please don't forget to hit the like
comment and subscribe and i shall see you guys in the next one till then take care bye