Monad 101 - Monad is a high-performance Ethereum-compatible Layer 1 blockchain.
tl;dr
Monad is a high-performance Ethereum-compatible L1. Monad materially advances the efficient frontier in the tradeoff between decentralization and scalability.
Monad introduces optimizations in four major areas, resulting in a blockchain with throughput of 10,000 transactions per second (tps).
- MonadBFT
- Deferred Execution
- Parallel Execution
- MonadDb
advantages of Monad
Monad, a new Layer 1 blockchain, differentiates itself from other blockchains, particularly EVM-compatible ones, through several key strengths:
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High Transaction Throughput: Monad can process up to 10,000 transactions per second (TPS) thanks to its innovative parallel execution and MonadBFT consensus mechanism. This significantly surpasses Ethereum’s current capacity and even outperforms many other high-throughput blockchains like Solana.