What is Monad?
Monad is a Layer 1 blockchain designed to deliver high performance within the Ethereum ecosystem. The network is fully compatible with the Ethereum Virtual Machine (EVM), allowing existing Ethereum smart contracts to run on Monad without modifications. Monad aims to significantly improve scalability and speed, while maintaining decentralization and security.
Source: https://www.monad.xyz/
How does Monad work?
Monad uses an optimized blockchain architecture that enables parallel transaction execution. While traditional EVM chains process transactions largely sequentially, Monad introduces parallel execution and improved state management techniques. This allows the network to handle a much higher number of transactions per second while preserving the EVM model.
The token
Abbreviation: MON
Category: Layer 1 blockchain / smart contract platform
Blockchain: Monad
Protocol: Proof of Stake
Year of launch: 2024 (testnet)
The technology behind Monad
Monad is built around three key innovations: parallel transaction execution, an optimized consensus layer, and efficient blockchain data storage. This combination allows Monad to achieve low latency and high throughput. Developers can continue using familiar Ethereum tools such as Solidity and well-known development frameworks.
The Monad ecosystem
The Monad ecosystem focuses on decentralised applications such as DeFi protocols, NFT platforms, and on-chain games. Thanks to its EVM compatibility, projects from the Ethereum ecosystem can relatively easily migrate to or expand onto Monad. The network is still in an early stage, with a strong emphasis on developers and infrastructure.
Who is the founder of Monad?
Monad is developed by Monad Labs. The team consists of engineers and researchers with backgrounds in high-performance systems, cryptography, and blockchain technology. The project is led by professionals with experience in both traditional technology and financial sectors.
Impact on the environment
Click here to read more information about the environmental impact of this coin.
Risk disclaimer
Please note: for more information about this crypto asset, consult the official resources provided by the project via https://www.monad.xyz/
Before trading, make sure to read the general risk warning about crypto asset trading:
Cryptocurrencies, including Monad (MON), are volatile and involve risks. The value of MON can fluctuate significantly, and investments may result in financial losses. Always do your own research and only invest money you are prepared to lose.
The BTC Direct disclaimer van be found here: https://btcdirect.eu/de-at/disclaimer