Keone Hon of Monad: 10,000 TPS & Full EVM Equivalence - A New Era for Ethereum Apps

Feb 13, 2024

Keone Hon, Founder of Monad, discusses Monad's key technical innovations for high-performance Ethereum-compatible blockchain. Topics include MonadBFT consensus, parallel execution, custom database, achieving 10,000+ TPS, low transaction costs, full EVM equivalence, and attracting developers.

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Introduction

00:00 • 2min

Working on High Frequency Trading Systems

02:01 • 4min

Transitioning from Engineering to the Crypto Industry and Exploring Existing System Limitations

06:27 • 1min

Monad: Technological Breakthroughs and Consensus Mechanisms

07:56 • 11min

Optimistic Parallel Execution in Monad

18:53 • 12min

Exploring the Implications of Gas Limit in Ethereum

30:57 • 4min

Concerns and Inefficiencies of Ethereum State Storage Systems

35:09 • 2min

Implications of Design on Complexity and Cost

37:06 • 17min

In this episode, Keone Hon dives deep on Monad, a high-performance Ethereum-compatible layer 1 blockchain focused on delivering high performance and drastically lower transaction costs.

We discuss Monad's key technical innovations like MonadBFT consensus, parallel execution, and a custom database enabling 10,000+ TPS. Keone explains how these breakthroughs allow complex 100K gas transactions costing just a fraction of a cent, 100x cheaper than even leading Layer 2s.

We also explore how Monad achieves this while maintaining decentralization and a rich developer experience via full EVM equivalence. Tune in to learn why Monad could be a game changer for builders and users looking maximize performance and minimize costs.

Key Links

Monad: https://www.monad.xyz

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Disclosures

Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed ⁠⁠here⁠⁠.

As an additional disclosure, Tom Shaughnessy the host is an angel investor in Monad.

Keywords

Monad, Keone Hon, EVM, Layer 1, high performance, low cost transactions, Ethereum Virtual Machine, EVM compatible, parallel execution, consensus, decentralization, developers, Monad xyz, Tommy Shaughnessy, Delphi Digital, Delphi, Crypto, Cryptocurrency, Ethereum,