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Minhaj
@0xminhaj
Gmonad Guys πŸ’œ Today we are going to understand Monad and Blockchain Basics: A Guide for New Contributors πŸ§‘β€πŸ’» 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! πŸ‘‡
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Minhaj pfp
Minhaj
@0xminhaj
What is the EVM (Ethereum Virtual Machine)? The EVM is the engine of Ethereum that runs smart contracts πŸ’». It processes transactions and code on Ethereum. But… it can get slow and expensive when the network gets crowded. 😬
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Minhaj pfp
Minhaj
@0xminhaj
What is Monad? Monad is a Layer 1 (L1) blockchain that’s faster 🏎️, cheaper πŸ’Έ, 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 onceβ€”faster than Ethereum’s sequential method! 2️⃣ Efficient Consensus: Fewer delays = faster finality. 3️⃣ Higher Throughput: More transactions per second = less congestion! πŸš€
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