WHY MONAD BLOCKCHAIN?
A High-Performance Ethereum-Compatible Layer-1 Blockchain
Last updated
A High-Performance Ethereum-Compatible Layer-1 Blockchain
Last updated
Monad is a high-performance, Ethereum-compatible Layer-1 (L1) blockchain that pushes the boundaries of decentralization and scalability. It introduces several key innovations, enabling throughput of 10,000 transactions per second (tps), while maintaining full compatibility with Ethereum's infrastructure, including the EVM bytecode and Ethereum RPC API.
Key Innovations:
MonadBFT - Pipelined HotStuff consensus for faster transaction ordering and finality.
Deferred Execution - Increases execution capacity by separating consensus from execution.
Parallel Execution - Uses multiple cores to execute transactions simultaneously, boosting efficiency.
MonadDb - A high-performance state backend optimized for SSD storage.
With these improvements, Monad offers 1-second block times, 1-second finality, and the ability to handle 1 billion transactions per day. This results in lower transaction costs and a better user experience.
For developers and users, Monad behaves similarly to Ethereum, with compatibility for wallets like MetaMask, developer tools such as Hardhat, and apps that run on Ethereum. This allows developers to port their dApps to Monad seamlessly.
While maintaining the familiar aspects of Ethereum, Monad stands out by offering vastly superior scalability, making it a promising platform for the future of decentralized applications. Official Links: Website: Twitter: Discord: Substack: Community Announcement Telegram: Reddit: Docs: