SOON (SOON): The key to Solana’s cross-chain expansion

Ethereum (ETH) 's processing engine, the Ethereum virtual machine (EVM), has been at the forefront of enabling smart contract functionality on blockchains. However, the EVM has several limitations, making it less efficient for many use cases. Specifically, EVM handles all transactions via a single-threaded model, leading to performance bottlenecks. Additionally, it has an inefficient gas fee determination system, based on a global model, whereby high-impact transactions drive the overall fees on the network for everything, including decentralized apps (DApps) that feature a low transactional footprint.

Solana (SOL)'s native execution engine, the Solana Virtual Machine (SVM), solves these problems by enabling parallelized processing and local fee markets, so each transaction pays gas fees commensurate with its processing load on the network. Unfortunately, the standard SVM on Solana features little interoperability with Ethereum and other Layer 1 environments. 

SOON (SOON) is a decentralized platform that leverages a fork of SVM to enable efficient Layer 2 (L2) chains on various Layer 1 (L1) networks, including Ethereum. The SOON project has developed an ecosystem of tools under the SOON Adoption Stack (SAS) banner to help developers integrate its variation of SVM into various L1 networks.

In this article, we’ll examine this novel web3 project that aims to "bring Solana everywhere." 

Key Takeaways: