What is MONAD EVM ?

Monad.xyz introduces Monad, a layer 1 blockchain designed to significantly enhance the performance of Ethereum Virtual Machine (EVM) compatible blockchains. Here's a summary of its features and propositions:

• Performance: Monad claims to achieve 10,000 transactions per second, with 1-second block times, and single-slot finality, all while maintaining low hardware requirements. This performance leap is underpinned by technologies like parallel execution, asynchronous execution, a custom state database (MonadDB), and a high-performance consensus mechanism.​
• EVM Compatibility: It offers full EVM bytecode compatibility, meaning Ethereum smart contracts can operate on Monad without modification. This compatibility extends to Ethereum's RPC API, allowing for seamless integration with existing Ethereum tools and infrastructure.
• Technology:
  • Execution and Consensus: Monad has been entirely rebuilt from the ground up, focusing on optimizing both the execution and consensus layers for efficiency.
  • Parallel Execution: This allows multiple transactions to be processed simultaneously, significantly boosting throughput.
  • MonadDB: Utilizes advanced Linux kernel technology for database management, enabling parallel state access which reduces overhead and enhances performance.
• User and Developer Experience: For users, Monad promises a portable experience where applications built for Ethereum can be directly ported. For developers, it provides a high-performance base layer for building decentralized applications, aiming for real-world scalability and composability.
• Mission and Team: Monad's mission is to deliver the promises of blockchain technology through a secure and scalable platform. The team behind Monad includes individuals with backgrounds in high-frequency trading (HFT) and fintech, bringing expertise in ultra-low-latency systems which they've applied to blockchain technology.
• Community and Ecosystem: Monad fosters a global community and ecosystem, evidenced by initiatives like Monad Madness, a pitch competition for builders in the Monad ecosystem. There's also strong backing from industry leaders, indicating confidence in its potential.
• Philosophy: Monad positions itself not just as a technological platform but as a new foundation for blockchain applications, aiming to push the boundaries of what blockchain technology can achieve in terms of speed, scalability, and real-world application.

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