TechFlow news: Neo founder Da Hongfei announced that Neo will create an Ethereum Virtual Machine (EVM)-compatible sidechain to resist MEV manipulation.
The new sidechain is a natural extension of Neo N3, inheriting Neo N3's robust tokenomics and dBFT consensus mechanism, while offering the advantage of MEV protection.
The sidechain aims to ensure secure, private, and seamless experiences in the increasingly complex DeFi landscape. It is designed to implement MEV resistance, creating a secure and fair environment for DeFi and application users, while enhancing the utility of NEO and GAS tokens. The sidechain is currently under development and scheduled for launch by the end of 2023.
To counter the threat of MEV attacks, the Neo sidechain introduces innovative features such as transaction "bundling" and proxy contracts to enhance security and user privacy.
