Nibiru EVM: Breakthrough Ethereum limitations, achieving high-speed parallel transactions

Breakthrough Expansion Bottleneck

The Nibiru EVM v2 version launched by Nibiru Chain brings revolutionary breakthroughs to the smart contract ecosystem. This high-performance Ethereum Virtual Machine execution environment is designed to address the scalability issues currently faced by the Ethereum network.

Currently, the Ethereum network's transaction processing capacity is about 20 transactions per second (TPS). This limitation causes transaction fees to soar during network congestion, severely affecting user experience. This situation also hinders developers from building high-performance applications, making it difficult for Web3 applications to reach the performance level of Web2.

The emergence of Nibiru EVM provides a solution to this dilemma. Even in single-thread execution, it can deliver an astonishing throughput of over 10,000 TPS. Even more exciting is that Nibiru plans to upgrade the network by the end of 2024, introducing a parallel optimistic execution mechanism to handle transactions. This upgrade will enable nodes to fully leverage additional hardware resources, further enhancing the network's transaction processing capabilities.

Promote Ecosystem Development and Optimize Development Experience

A co-founder of Nibiru emphasized that compatibility with Ethereum is key to attracting liquidity and driving the growth of the Nibiru EVM ecosystem. He stated that launching a blockchain protocol is a process of building trust and demonstrating real value, while continuous innovation and improvement of the EVM is a core part of its strategy.

Considering that Ethereum developers account for over 90% of the total locked value (TVL) in the smart contract ecosystem, the launch of Nibiru EVM has significantly lowered the entry barrier for developers while accelerating the development speed. It provides developers with a powerful and friendly environment that supports seamless interaction between Ethereum tokens and multiple virtual machine applications. This multi-virtual machine approach not only ensures fast transaction processing but also simplifies the user experience.

Since the mainnet launch in March 2024, Nibiru has supported Wasm (Web Assembly) smart contracts written in Rust. The introduction of Nibiru EVM provides developers with a high-performance, scalable EVM-compatible execution environment, which plays a key role in the future development of decentralized applications and is expected to drive innovation and promote mainstream adoption.

Future Prospects of Nibiru

Nibiru is actively developing its ecosystem. Community members can access the latest information through official channels, including web applications, user guides, and block explorers. Additionally, Nibiru plans to introduce governance and improvement proposals to further enhance community participation and the network's level of decentralization.

As the Nibiru EVM continues to develop and improve, it has the potential to become an important solution to the Ethereum scalability issue, paving the way for the large-scale adoption of Web3 applications. Both developers and users will benefit from this innovation, enjoying a more efficient and cost-effective blockchain experience.