What is Monad?

Monad is a Layer 1 blockchain platform designed to address scalability issues in the crypto ecosystem while maintaining compatibility with Ethereum. It offers full EVM (Ethereum Virtual Machine) compatibility, allowing developers to easily port existing Ethereum applications and smart contracts without modification.

Key features of Monad include:

1. High throughput: Monad claims to process up to 10,000 transactions per second (TPS), significantly outperforming Ethereum's ~10 TPS and even surpassing other fast EVM chains.

2. Scalability focus: The platform utilizes parallelization technology for simultaneous transaction processing, enhancing overall network performance.

3. EVM compatibility: Monad supports all existing Ethereum smart contracts and applications, facilitating easy migration for developers.

4. Optimized architecture: The blockchain implements innovations such as MonadBFT, Deferred Execution, Parallel Execution, and MonadDb to enhance performance while maintaining decentralization.

5. Fast block times: Monad aims to achieve one-second block times and single-slot finality, enabling rapid transaction processing.