Monad, the innovative Layer 1 network,has officially launched its mainnet today.

Monad is engineered to deliver unparalleled speed without sacrificing the security or developer familiarity that has made the EVM the gold standard for smart contracts. Boasting a theoretical capacity of 10,000 transactions per second (TPS), a staggering leap from Ethereum's current 15-30 TPS, Monad achieves this through parallel execution, a technique that processes multiple transactions simultaneously rather than sequentially. This isn't just theoretical; it's backed by a custom consensus mechanism called MonadBFT, inspired by HotStuff, ensuring low latency and high finality.

The project, stewarded by the Monad Foundation, emphasizes seamless EVM compatibility, meaning developers can port Ethereum-based dApps with minimal tweaks. Early focus areas include decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain gaming, where Monad's speed could enable real-time interactions previously hampered by network congestion.

For more details, visit https://app.monad.xyz/