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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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📃 High-quality posts will be shared on Gate Square and labeled as [Featured Posts]!
📌 Rewards will be distribu
- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
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Nibiru EVM breaks through Ethereum bottleneck to achieve tens of thousands of TPS parallel transactions
Nibiru EVM: Breaking Through Ethereum Bottlenecks for High-Speed Parallel Transactions
Addressing the Ethereum Scalability Dilemma
Nibiru Chain, as an innovative smart contract ecosystem, recently launched its latest v2 version of Nibiru EVM, which is a high-performance Ethereum Virtual Machine execution environment.
The current limit of about 20 transactions per second (TPS) on the Ethereum network can lead to skyrocketing transaction fees during network congestion, which severely hinders developers from building high-performance applications similar to Web2. Nibiru EVM effectively overcomes this bottleneck by providing a processing capacity of over 10,000 TPS, even in a single-threaded execution environment.
The Nibiru project plans to upgrade the network by the end of 2024, introducing a parallel optimistic execution mechanism to handle transactions. This will enable network nodes to fully utilize additional hardware resources, further enhancing overall transaction processing capacity.
Promote Ecosystem Development and Optimize Development Experience
Unique, the co-founder of Nibiru, stated: "Compatibility with Ethereum is key to attracting liquidity and driving the growth of the Nibiru EVM ecosystem. Launching a new blockchain protocol requires building trust and demonstrating real-world application value. Continuous innovation and improvement of the EVM is a core part of our strategy."
Considering that Ethereum developers account for over 90% of the total locked value (TVL) in the smart contract ecosystem, Nibiru EVM significantly lowers the entry barrier and accelerates the development process.
Nibiru EVM provides developers with a powerful and user-friendly environment that enables seamless interaction between Ethereum tokens and multi-virtual machine applications. This multi-virtual machine approach ensures fast transaction processing and a simplified user experience.
Since the mainnet launch in March 2024, Nibiru has supported Wasm (Web Assembly) smart contracts written in Rust. 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, driving innovation and facilitating mainstream adoption.
Latest Developments on Nibiru
To stay updated on Nibiru's latest developments or to participate in discussions, you can visit its community center. There, users can find official web applications, user guides, blockchain explorers, and information related to upcoming governance and improvement proposals.