Monad Network: The High-Performance EVM-Compatible Blockchain
Monad Network: The High-Performance EVM-Compatible Blockchain
Monad Network is a next-generation Layer 1 blockchain designed to address the scalability and efficiency challenges faced by traditional EVM-compatible platforms. With its innovative architecture, Monad offers high throughput, low transaction costs, and full compatibility with existing Ethereum-based applications.
Key Features
Exceptional Performance
Monad achieves up to 10,000 transactions per second (TPS) with 1-second block times, significantly outperforming Ethereum's approximate 15–30 TPS. citeturn0search7Full EVM Compatibility
Developers can deploy existing Ethereum smart contracts on Monad without modifications, facilitating seamless migration and interoperability. citeturn0search9Near-Zero Gas Fees
By optimizing transaction processing, Monad offers sub-cent gas fees, making decentralized applications more accessible to users. citeturn0search11Low Hardware Requirements
Monad's architecture allows nodes to operate efficiently on consumer-grade hardware, promoting decentralization and reducing entry barriers. citeturn0search11
Technological Innovations
Optimistic Parallel Execution
Monad processes transactions in parallel, predicting dependencies to optimize execution and maintain correct sequencing. citeturn0search11
Asynchronous Execution
By decoupling consensus and execution, Monad enhances throughput and reduces latency, allowing for more efficient block processing. citeturn0search11
MonadBFT Consensus Mechanism
An optimized version of the HotStuff protocol, MonadBFT reduces communication phases, achieving faster and more secure consensus. citeturn0search11
MonadDB
A custom-built database designed for efficient storage and access of blockchain state, MonadDB supports high-performance parallel execution and reduces reliance on high-end hardware. citeturn0search11
Developer Engagement and Ecosystem
Monad offers a public testnet for developers to explore its capabilities and build decentralized applications. The network's compatibility with Ethereum tools ensures a smooth transition for developers seeking enhanced performance without sacrificing familiarity. citeturn0search11
Explore More: https://freecoins24.io/monad-network-evm-blockchain/