Firstly, I want to apologize for the delay in publishing a new post. Lately, I’ve been working on a super article about the main NFT whitelists on Monad, as well as the internationalization of the website and other updates. Because of that, I haven’t had time to write new texts.
In today’s post, I want to explain in a simple way what Monad is and its main features.
Monad for Beginners
Monad is an independent blockchain network (layer 1) that serves as the foundation for various digital applications. It was designed to make these applications, called decentralized applications (dApps) – which operate without a company or central authority – faster and more efficient.
Additionally, Monad is compatible with the Ethereum Virtual Machine (EVM), meaning programs built for the Ethereum network can run on it without major modifications.
With its testnet launched on February 19, 2025, Monad offers a robust solution to the challenges faced by existing blockchain networks, such as scalability and efficiency limitations.
Main Features of Monad
- High Throughput: Designed to process up to 10,000 transactions per second (TPS), Monad significantly surpasses the capabilities of many current blockchain platforms.
- Low Latency: With 1-second block times and single-slot finality, Monad ensures fast transaction confirmations, improving user experience.
- Parallel Execution: Using parallel processing techniques, Monad efficiently handles high traffic, reducing bottlenecks and improving overall network performance.
- Custom Database (MonadDB): A dedicated database layer optimizes data management, contributing to the speed and reliability of the network.
- Proof-of-Stake (PoS) Consensus: Monad employs a high-performance PoS mechanism, promoting security and energy efficiency.
P.S. these features make Monad an ideal blockchain for NFT trading, as explained in this article.
Monad’s Differentials Compared to Other Blockchains
Monad stands out from other blockchains by focusing on improving speed and scalability while maintaining decentralization.
While many networks face the need to choose between speed and security, Monad uses innovative technologies to support fast and secure transactions, especially for DeFi applications.
Conclusion
Monad represents a significant advancement in the blockchain space, offering solutions to the scalability and efficiency challenges that many networks currently face.
Its EVM compatibility and advanced features make it an attractive platform for both developers and users seeking fast and secure transactions.
As the adoption of blockchain technologies grows, Monad is well-positioned to play a crucial role in the future of decentralized finance and beyond.
