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The Monad project is set to process 10,000 transactions per second (10,000 TPS) on the mainnet.
In comparison, Ethereum can only handle 12 TPS.
When compared to Solana, the latter processes 1,500 TPS.
Transaction fees on the network will be extremely low, with numbers approaching zero.
The block time will be just one second, meaning transactions will be processed at lightning speed.
Monad is fully compatible with Ethereum's bytecode, meaning any application built on Ethereum can easily migrate to Monad.
How do Monad transactions work?
Monad utilizes parallel execution to process transactions, which significantly enhances the network's efficiency, resulting in high throughput. 1 reply
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Unlike other Layer 1 projects, Monad introduced something new: Monad Madness.
In short, Monad Madness is an initiative to welcome emerging projects and allow them to compete against one another.
Each of these projects builds something unique on the Monad network. Monad's team has decided to offer financial rewards to these projects.
The rewards are symbolic, more about recognition than material value, but the competition takes place in the presence of venture capital firms (VCs), which opens the door for these projects.
This means VCs might be impressed by one of these projects’ proposals and the infrastructure they are building on the network, ultimately leading to investments.
In 2025, another round of competition will be held for these projects. A short video has been created, intentionally paced slowly, showcasing Monad Madness, the judges, and VCs in attendance, as well as the projects that won the race. 👀 1 reply
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