Monad

Monad Labs was building Monad, an innovative layer-1 blockchain platform designed to redefine the scalability and performance of smart contract execution. Monad is an Ethereum Virtual Machine (EVM)-compatible blockchain, allowing seamless migration of existing Ethereum applications and infrastructure. Its native token is MON, which is used to facilitate gas fee payments and transaction execution.

The blockchain introduces several optimizations to significantly enhance transaction throughput and cost-efficiency. At its core, Monad employs parallel execution, enabling simultaneous processing of multiple transactions without dependencies. This approach, coupled with a pipelined proof-of-stake consensus mechanism called “MonadBFT,” enables Monad to achieve an throughput of up to 10,000 transactions per second (TPS) with one-second block times. Additionally, Monad's architecture incorporates innovative technologies like Optimistic Concurrency Control (OCC), Software Transactional Memory (STM), and a custom database called “MonadDb,” which ensure data integrity while maximizing performance, making Monad a highly efficient and secure platform for dApps.