Monad is a revolutionary solution that pushes the boundaries of blockchain technology by offering an unprecedented very high throughput. Thanks to its innovations, Monad paves the way for a new era where blockchain transactions can be processed in an ultra-fast and efficient manner.
With Monad, the blockchain is no longer facing the scalability and slowness issues that hinder its mass adoption. By ensuring exceptional throughput, Monad redefines the possibilities offered by this technology and opens new perspectives for its use across various sectors.
By combining exceptional performance with enhanced security, Monad establishes itself as a major player in the ongoing revolution of the blockchain world. Its ability to process a large volume of transactions in record time places it at the forefront of technological advancements in this rapidly expanding field.
The context of Monad
Monad is a Layer 1 blockchain that offers exceptional performance. With an impressive throughput of 10,000 transactions per second, Monad stands out thanks to its numerous innovative technical bricks that facilitate this speed.
Parallel execution of transactions
Unlike Ethereum, where the consensus layer and the execution layer are merged, Monad has chosen to decouple them. This separation allows Monad to achieve high throughput by processing transactions in parallel instead of sequentially. However, the structure of the blocks remains linear, which ensures correct scheduling of transactions.
Optimistic Execution
The parallelization of Monad relies on a process called optimistic execution. This model allows transactions to be initiated before the previous ones in the same block are fully executed, similar to starting a second laundry while the first is drying. This concept enables tasks to be broken down into smaller, independent subtasks that can be executed simultaneously.
Error management and concurrent access
Although transactions are processed in parallel, this process can lead to incorrect outcomes due to the alteration of account states. To avoid these complications, it is essential to have error correction mechanisms. In computing, this involves managing concurrent accesses. Monad merges states related to simultaneous transactions while ensuring that the final result is correct and consistent.
MonadDB: The intelligent database
MonadDB is the database developed to store the state of the system, including account balances and contract code. Unlike Ethereum, which uses the Patricia-Merkle Trie data structure, MonadDB adopts a native approach to manage data in memory and on disk, thus allowing optimization of asynchronous input/output.
Required hardware architecture
To install a Monad node, the following hardware is recommended:
- 16-core processor
- 32 GB of RAM
- 2 TB SSD
- 100 Mbits/s bandwidth
EVM compatibility
Monad is fully compatible with the EVM (Ethereum Virtual Machine), making development easier for those familiar with Ethereum. Development environments in Solidity and libraries like OpenZeppelin are recommended, allowing developers to easily leverage their existing expertise on a new, more performant platform.
Optimized transaction scheduling
Monad integrates a static code analyzer that can predict dependencies between transactions. This forecasting allows for the scheduling and execution of transactions in an optimized manner, thereby reducing the number of potential errors. In the rare cases where this forecasting fails, Monad reverts to naive execution to ensure the integrity of operations.
Lifecycle of a transaction on Monad
The lifecycle of a Monad transaction begins with the user signing it via their wallet. The transaction is then propagated to other Monad nodes and included in a block by the leader of the consensus. Once the block is finalized, the transactions are executed locally in parallel by each node.
Monad is poised to become a major future Layer 1 in the blockchain landscape thanks to its performance double that of Solana. Its compatibility with the EVM and its very high-speed technology make it a key innovation to watch in the coming months.
For more information, check out the official resources and dedicated articles.
