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Full EVM Compatibility: Monad ensures seamless integration with existing Ethereum-based tools, libraries, and infrastructures, allowing developers to migrate applications without code modifications.
High Throughput: With the capability to process up to 10,000 transactions per second (TPS), Monad significantly outperforms many existing blockchains, addressing scalability concerns effectively.
Low Hardware Requirements: By optimizing data storage and processing, Monad reduces the cost and complexity of running a node, promoting greater decentralization.
Monad: The Team
Founded in 2022, Monad Labs boasts a team with extensive experience in low-latency, high-frequency trading systems, particularly from their tenure at Jump Trading.
This expertise in building high-performance systems has been instrumental in designing a blockchain that meets the demands of modern decentralized applications. 0 reply
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In the rapidly evolving landscape of blockchain technology, Monad emerges as a groundbreaking Layer 1 (L1) blockchain platform, addressing scalability challenges while maintaining full compatibility with the Ethereum Virtual Machine (EVM).
The Need for Monad in the Blockchain Ecosystem
The blockchain industry has long grappled with the "scalability trilemma," which posits that achieving decentralization, security, and scalability simultaneously is challenging.
Ethereum, the pioneer in smart contract platforms, has faced scalability issues, leading to high gas fees and network congestion.
While Layer 2 solutions and alternative Layer 1 blockchains have attempted to mitigate these problems, many have introduced complexities or compromised on decentralization.
Monad addresses these challenges head-on by offering a high-performance, EVM-compatible Layer 1 solution that doesn’t sacrifice decentralization or security. 0 reply
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