Introduction to Monad
Monad is a cutting-edge Layer 1 blockchain designed to revolutionize decentralized applications (dApps) with its Ethereum Virtual Machine (EVM) compatibility and high throughput. Built by the team behind Jump Trading LLC, Monad aims to deliver a fast, cost-effective, and secure EVM-compatible blockchain capable of processing 10,000 transactions per second (TPS).
What Sets Monad Apart?
Monad distinguishes itself through parallel execution and optimized gas fees, addressing two critical pain points in blockchain scalability.
EVM Compatibility & Parallel Execution
Most EVM-compatible blockchains process transactions sequentially, leading to bottlenecks. Monad tackles this by:
- Classifying transactions into dependent and independent groups.
- Executing independent transactions concurrently while maintaining EVM compatibility.
- Achieving 10,000 TPS without sacrificing security or decentralization.
👉 Discover how Monad outperforms traditional blockchains
Reducing Gas Fees Without Compromising Security
Monad introduces innovative methods to minimize gas fees, including:
- Reducing reliance on external libraries.
- Optimizing smart contract execution.
- Balancing cost-efficiency with robust security measures.
Monad’s Development Vision
Current Blockchain Limitations
- Ethereum: 20 TPS
- Bitcoin: 7 TPS
- Visa: 24,000 TPS
Monad leverages Proof of Stake (PoS) to target 10,000 TPS, bridging the gap between traditional finance and blockchain efficiency.
Long-Term Goals
- Short-term: Achieve 10,000 TPS via parallel execution.
- Long-term: Scale to 400,000 TPS through consensus algorithm improvements.
Monad Tokenomics
Monad has not yet launched a native token. Updates will be shared upon official release.
Roadmap & Updates
- Testnet Launch: Announced for May 19 (exact date pending).
- EVM Integration: Enables dApp deployment and interoperability.
Team & Investors
- Developed by: Jump Trading’s seasoned team with 7+ years of collaboration.
- Funding: Raised $250 million across two investment rounds.
Competitors & Alternatives
Similar projects include:
- Polygon
- Avalanche
- Solana
FAQs About Monad
1. How does Monad achieve 10,000 TPS?
Monad uses parallel execution to process independent transactions simultaneously, drastically improving throughput while maintaining EVM compatibility.
2. Is Monad’s gas fee reduction secure?
Yes. Monad optimizes gas usage without compromising security, unlike some Layer 2 solutions that sacrifice decentralization.
3. When will Monad’s token launch?
No official date yet. Follow Monad’s updates for announcements.
4. What makes Monad better than Ethereum?
Monad offers higher throughput (10,000 TPS vs. Ethereum’s 20 TPS) and lower fees, making it ideal for scalable dApps.
5. Who is behind Monad?
The project is developed by Jump Trading, a team with extensive experience in high-frequency trading and blockchain technology.
6. Can I build dApps on Monad?
Yes! Monad’s EVM compatibility allows developers to deploy existing Ethereum dApps with minimal changes.