Monad Testnet Launches: Faster Transactions, Higher Node Requirements
The eagerly awaited Layer 1 Monad, which is compatible with Ethereum, has started to roll out its testnet. Prominent cryptocurrency trader Jordan Fish, better known online as Cobie, posted on X, “I made a tx, it was fast.” Cobie later acknowledged that his message was about the Monad testnet. The announcement comes after Monad’s devnet was launched in March and achieved 10,000 transactions per second during internal testing.
This is a significant milestone for our team.
Keone Hon, the CEO and co-founder of Monad developer Monad Labs
Monad asserts that it has improved Ethereum’s functionality to enable higher throughput, with a one-second block time and a maximum throughput of 10,000 TPS. Given that the hardware requirements are around twice as high as those of the main Ethereum blockchain, this could be more difficult for node operators.
Monad Reinvents EVM with Pipelined Architecture for Instant Block Finality
Using a pipelined architecture, Monad claims to be creating a new EVM from the ground up rather than merely copying the Ethereum software. Instant block finality and more efficient processing are made possible by this staggered method as opposed to executing each process sequentially. Ethereum developers may easily move their current decentralized apps to the blockchain thanks to Monad’s compatibility with EVM bytecode.
In September 2023, Monad’s technical specifications stated that the network’s token would be used to pay for transactions to be performed and to be included within blocks (carriage cost). For unclear reasons, Monad later extracted the token’s original name, mon, from the documents.
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