Minhaj
@0xminhaj
Gmonad Guys 💜 Today we are going to understand Monad and Blockchain Basics: A Guide for New Contributors 🧑💻 If you're contributing to Monad but are unsure about the basic concepts, no worries! Here’s a breakdown of EVM, Layer 1, and how Monad is different. Let’s dive in! 👇
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Minhaj
@0xminhaj
What is the EVM (Ethereum Virtual Machine)? The EVM is the engine of Ethereum that runs smart contracts 💻. It processes transactions and code on Ethereum. But… it can get slow and expensive when the network gets crowded. 😬
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Minhaj
@0xminhaj
What is Monad? Monad is a Layer 1 (L1) blockchain that’s faster 🏎️, cheaper 💸, and more scalable than the EVM. It can run Ethereum smart contracts but at a higher speed and lower cost! 🌟
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Minhaj
@0xminhaj
⚡ Why Monad is Faster and Better for EVM? 1️⃣ Parallel Execution: Monad processes many transactions at once—faster than Ethereum’s sequential method! 2️⃣ Efficient Consensus: Fewer delays = faster finality. 3️⃣ Higher Throughput: More transactions per second = less congestion! 🚀
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Minhaj
@0xminhaj
💸 Low Gas Fees with Monad Gas fees on Ethereum can skyrocket 🚀, especially when the network is congested. Monad offers lower gas fees 🪙, making it more cost-effective for developers and users! Say goodbye to expensive transactions!
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Minhaj
@0xminhaj
Seamless Ethereum Compatibility Monad offers a seamless flow 🧑💻! It’s compatible with Ethereum smart contracts, meaning you can easily move your dApps to Monad without re-writing code, but with better performance and cheaper operations. 🥳
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