$Mon
Monad's project in the crypto world refers to the next-generation Layer-1 blockchain focused on high speed and scalability while maintaining full compatibility with the Ethereum ecosystem.
Here are its key advantages:
š Brief Advantages of Monad (L1 Blockchain)
Parallel Execution: This is its main technical advantage. Monad processes transactions simultaneously (not sequentially like traditional Ethereum) to achieve significantly higher throughput (targeting 10,000+ TPS).
Full EVM Compatibility: 100% compatible with the Ethereum Virtual Machine (EVM) at the bytecode level. This allows Ethereum developers to migrate existing dApps without rewriting code.
Fast Finality: Offers extremely fast finality (final transaction confirmation), claimed to be within sub-seconds (around 800 ms), much faster than Ethereum.
Low Fees: With high throughput, the network can process large transaction volumes with very low and more affordable gas fees.
In short, Monad aims to solve Ethereum's scalability issues with a new architecture without sacrificing EVM compatibility, offering Solana-like speed with the Ethereum ecosystem #Monad #MON $BNB $SOL
