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Davide
@0xdavide
🪂Are you trying out the Monad testnet? 🛠️Monad is a limitless layer1 currently in testnet that has received a funding of 245M (including Paradigm). The main innovations are its own consensus algorithm, its own database and parallel (asynchronous) execution of transactions. It is EVM compatible. ▶ Main features: 🔹 Asynchronous parallel execution Monad processes multiple transactions in parallel, rather than sequentially. This drastically reduces processing time and increases throughput (up to 10k/s). The concept is similar to that adopted by Solana, but with optimizations at the virtual machine level. 🔹 Optimized consensus algorithm It uses the Byzantine Fault Tolerant (BFT) consensus protocol that reduces transaction latency, while increasing resistance to attacks.
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Davide pfp
Davide
@0xdavide
🔹 Database and state management This L1 adopts a highly efficient storage system, called MonaDB, which guarantees fast access to data and optimizes network resources. This limits performance degradation when there is high chain usage. 🔹 Mempool innovations and code optimization It introduces improvements in the management of pending transactions (mempool) and in the smart contract execution code, reducing the gas required and improving confirmation speed. ✦Dapps to try in testnet: Nad Domains, Nostra Finance, Fantasy Top, Curvance, DeMask Finance, Swap Bean Exchange, Caddy Finance, Kinza Finance, Kuru Swap, Hashflow, MonadVerse, Magic Eden. ✦Faucet: Gas Zip & Third Web.
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