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CryptoIntelligence 2024-07-26 03:44:00

Monad Raises $225M to Revolutionize Blockchain with Advanced Parallel Execution and Optimized Consensus

Monad Raises $225M to Revolutionize Blockchain with Advanced Parallel Execution and Optimized Consensus

Monad, a new layer-1 smart contract platform, recently raised $225 million from venture capital firm Paradigm. Although not yet launched, Monad expects to go live on its public testnet in late 2024, with a mainnet launch in early 2025. Monad is a parallel Ethereum Virtual Machine (EVM) project, akin to Aurora and Sei, designed to parallelize EVM instruction execution, enabling concurrent transaction processing. This approach increases transaction throughput and reduces costs. Parallelization breaks down transaction execution into smaller, independent tasks processed simultaneously. Monad introduces four optimizations: MonadBFT, deferred execution, parallel execution, and MonadDB. MonadBFT is a two-phase Byzantine-fault-tolerant algorithm based

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