Minhaj
@0xminhaj
Gmonad Guys π Today we are going to understand Monad and Blockchain Basics: A Guide for New Contributors π§βπ» If you're contributing to Monad but are unsure about the basic concepts, no worries! Hereβs a breakdown of EVM, Layer 1, and how Monad is different. Letβs dive in! π
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Minhaj
@0xminhaj
What is the EVM (Ethereum Virtual Machine)? The EVM is the engine of Ethereum that runs smart contracts π». It processes transactions and code on Ethereum. Butβ¦ it can get slow and expensive when the network gets crowded. π¬
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Minhaj
@0xminhaj
What is Monad? Monad is a Layer 1 (L1) blockchain thatβs faster ποΈ, cheaper πΈ, and more scalable than the EVM. It can run Ethereum smart contracts but at a higher speed and lower cost! π
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Minhaj
@0xminhaj
β‘ Why Monad is Faster and Better for EVM? 1οΈβ£ Parallel Execution: Monad processes many transactions at onceβfaster than Ethereumβs sequential method! 2οΈβ£ Efficient Consensus: Fewer delays = faster finality. 3οΈβ£ Higher Throughput: More transactions per second = less congestion! π
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