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Bell Curve
How Monad is Superscaling the EVM | Keone Hon, Kevin G
Sep 12, 2023
Keone Hon and Kevin G discuss how Monad is scaling the EVM by building an L1 that leverages the EVM with new optimizations. Topics include Monad's EVM optimizations, the blockchain trilemma, launching a new L1, modular vs integrated, L1 fees and tokenomics, and the importance of community.
01:10:17
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Quick takeaways
- Monad is a new EVM layer one blockchain that leverages the EVM with new optimizations like parallel execution to achieve high performance in transaction processing.
- Monad aims to address scalability challenges by focusing on high-performance execution rather than other scaling solutions like rollups, and sees opportunities beyond DeFi applications, such as identity and achievements on the blockchain.
Deep dives
Monad: A New EVM Layer One with High Performance and Backward Compatibility
Monad is a new EVM layer one blockchain that focuses on delivering high performance while maintaining backward compatibility with the Ethereum virtual machine. The team behind Monad, consisting of members with backgrounds in high frequency trading and system building, has been working on the project for about 18 months. They have introduced pipelining in various aspects of the blockchain, including state access, transaction execution, consensus and execution, and within the consensus mechanism itself. This pipelining optimization allows Monad to process transactions efficiently and take full advantage of the available resources. By reducing transaction fees and improving pricing precision through high fidelity oracles, Monad aims to provide a high-performance experience for decentralized finance (DeFi) applications and achieve high capital efficiency.
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