Monad – parallel execution to the EVM: Project Breakdown

Overview

Monad is a high-performance, EVM-compatible layer one blockchain designed to improve Ethereum’s throughput.
It uses parallelized execution and superscalar pipelining for increased transaction capacity.
Monad operates as a Layer 1 solution with Proof of Stake consensus.
It is currently in the testnet phase with its native token “mon” planned for transaction payments.
The project has secured $19 million in seed funding.

Monad aims to provide a scalable platform for DApps with improved EVM throughput.
It targets transaction speeds of up to 10,000 tps to overcome Ethereum’s limitations.
Preserves full EVM bytecode and Ethereum RPC API compatibility for easy DApp portability.
Supports the development of complex, composable applications within a single shard.
Has raised $19 million, indicating strong investor confidence.

Monad is an upcoming blockchain with a goal of 10,000 tps, indicating ongoing development.
Details on the ecosystem, applications, and partnerships with 19 technology partners are not fully detailed.
No information on active users or TVL is provided.
Further research or official updates are needed for a comprehensive understanding of adoption.

Keone Hon, Co-founder & CEO, has eight years of experience at Jump Trading.
James Hunsaker, Co-founder & CTO, specializes in systems engineering and low-latency optimizations.
Eunice Giarta, Co-founder & COO, has a CS degree from MIT and experience in traditional finance and fintech.
Ariq Sarekh, Software Engineer & Researcher, focuses on low-latency optimization and system design.
Aashish Kumar and Alexander Tony Ford are team members with unspecified backgrounds.
Bill is part of the team, with no further details provided.
Team members are doxxed, with public profiles available.

Testnet expected to launch in Q1 2024, with mainnet to follow later in the year.
At launch, Monad will introduce the “mon” token and operate with proof-of-stake consensus.
“Mon” token will be used for transaction fees on the Monad blockchain.
Exact date for “mon” token launch is not specified.
Tokenomics for “mon” are not detailed but will support network operations and consensus.
Official Monad website and communication channels are the best sources for accurate information.

Monad is set to enhance blockchain scalability with a high-performance, EVM-compatible blockchain.
It aims for up to 10,000 tps, addressing Ethereum’s scalability challenges.
Supported by an experienced team and $19 million in funding.
Testnet launch is anticipated in Q1 2024, with mainnet to follow.
Monad is positioned to influence the future of DApps and the crypto ecosystem.