The goal is to coexist. Although Solana uses Rust, a completely different language from Solidity (Ethereum's programming language) and uses the SVM, its own smart contract execution machine, developers have found a way to bring pro-EVM directly to Solana without rewriting code.
HOW WAS THIS MADE POSSIBLE?
Clearly thanks to the innovation of Neon EVM, it allows Ethereum developers to deploy their Solidity contracts on Solana... regarding transactions from one network to another, the ecosystem uses Bridges.
As their names suggest, they were created to interconnect chains with each other.
HOW DOES IT WORK?
For example, to transfer an ERC-20 asset to Solana, it is completely impossible without the use of a bridge. To do this, the Bridge locks the ERC-20 asset on Ethereum and creates an equivalent version of the asset on Solana, and you will have the token name preceded by W... for example, if it was $SHIB you will have as equivalent $WSHIB (Wrapped Shiba Inu)...
You can use Wormhole, one of the first Bridge protocols built on Solana to interact with other networks.
WHAT ARE THE DIFFERENCES BETWEEN EVM AND SVM?
Unlike the EVM, the SVM is much faster as it processes transactions in parallel while the EVM processes them one after the other. Another major difference lies in the uniqueness of addresses. Yes, EVM-compatible Blockchains use the same address, but this is not the case with SVM-compatible Blockchains.
SVM COMPATIBLE BLOCKCHAINS
Yes, there are... I would like to mention the Eclipse project, a Layer 2 Blockchain launched in November 2024 on Ethereum but which uses the SVM to execute smart contracts.
It uses Ethereum for security and decentralization and uses Solana for its speed and low costs, a perfect cocktail to achieve excellence.
In summary,
EVM ===> Easy to recognize address (0x...)
SVM ===> Completely different address (each Blockchain has its own format)
Which do you prefer between the two?
