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4/8: The network uses a concept known as deferred execution, where the order of transactions is agreed upon before execution, optimizing throughput and scalability by separating the consensus process from transaction execution.
5/8: MonadDB is a custom database for storing the blockchain state, optimized to support the high demand of parallel execution, enabling faster and more efficient reads and writes.
6/8: The native token of the network, MONAD, serves various functions:
Payment for transaction fees.
Participation in network governance.
Staking for validators, who are rewarded for maintaining the integrity and performance of the network.
7/8: The team behind Monad includes professionals with experience in traditional finance and blockchain technology, led by Keone Hon, James Hunsaker, and Eunice Giarta, with a clear goal of promoting blockchain adoption across various sectors. 0 reply
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