Monad

Monad is a Layer 1 blockchain platform designed to address scalability issues in the crypto ecosystem while maintaining compatibility with Ethereum. It offers full EVM (Ethereum Virtual Machine) compatibility, allowing developers to easily port existing Ethereum applications and smart contracts without modification. Key features of Monad include:High throughput: Monad claims to process up to 10,000 transactions per second (TPS), significantly outperforming Ethereum's ~10 TPS and even surpassing other fast EVM chains. Scalability focus: The platform utilizes parallelization technology for simultaneous transaction processing, enhancing overall network performance. EVM compatibility: Monad supports all existing Ethereum smart contracts and applications, facilitating easy migration for developers. Optimized architecture: The blockchain implements innovations such as MonadBFT, Deferred Execution, Parallel Execution, and MonadDb to enhance performance while maintaining decentralization. Fast block times: Monad aims to achieve one-second block times and single-slot finality, enabling rapid transaction processing.

Monad FundraiseMonad Lab has successfully raised $225 million in a funding round spearheaded by Paradigm. The investment round also attracted contributions from distinguished firms such as Electric Capital, Coinbase Ventures, Castle Island Ventures, GSR Ventures, and Greenoaks. Additionally, prominent angel investors like Inversebrah, Ansem, Hsaka, punk6529, Eric Wall, Rune Christensen, Bryan Pellegrino, Luca Netz, and Mert Mumtaz participated. Monad is building an Ethereum virtual machine (EVM)-compatible Layer 1 blockchain designed to improve the overall Ethereum ecosystem. Monad enables parallel execution for EVM transactions that don’t have common dependencies. That is, transactions and blocks are still linearly ordered; Monad simply identifies transactions within that linear ordering that can be executed in parallel without disruption to the outcome. This allows Monad to process transactions more efficiently without disrupting app developers. Apps originally written for Ethereum and deployed on Monad will still work the same way. Transactions without common dependencies are scheduled in parallel on separate cores. Transactions with common dependencies are scheduled back to back. Consecutive scheduling also reduces I/O overhead, a significant component of latency in the existing EVM implementation.