Nibiru EVM: Break through Ethereum limitations to achieve high-speed parallel transactions

Breaking Through Ethereum's Scalability Bottleneck

Nibiru Chain, as an innovative smart contract ecosystem, has launched the latest v2 version of Nibiru EVM, which is a high-performance Ethereum virtual machine execution environment.

Ethereum currently faces a limitation of about 20 transactions per second (TPS), which can lead to high fees during network congestion, hindering developers from building high-performance applications. Nibiru EVM effectively overcomes this bottleneck by providing a throughput of over 10,000 TPS, even under single-thread execution.

The Nibiru project plans to upgrade the network by the end of 2024, introducing a mechanism for parallel optimistic execution to process transactions. This will enable nodes to fully utilize additional hardware resources, further enhancing the network's transaction processing capabilities.

Promote ecosystem development and optimize the development experience

Unique, the co-founder of Nibiru, stated: "Compatibility with Ethereum is crucial for attracting liquidity and promoting the growth of the Nibiru EVM ecosystem. Launching a blockchain protocol is a process of building trust and demonstrating real-world applications, and innovating and improving the EVM is at the core of our strategy."

Considering that Ethereum developers account for over 90% of the total value locked (TVL) in the smart contract ecosystem, Nibiru EVM significantly lowers the entry barrier and accelerates development speed.

Nibiru EVM provides developers with a powerful and user-friendly environment that enables seamless interaction between Ethereum tokens and multiple virtual machine applications. This multi-VM approach ensures fast transaction processing and a simplified user experience.

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

Future Prospects of Nibiru

Nibiru is actively advancing the development of its ecosystem. The community can access the latest information through the official web application, including user guides, block explorers, and upcoming governance and improvement proposals. These initiatives aim to promote the continuous growth and enhancement of the Nibiru ecosystem.