Nibiru EVM: Breakthrough Ethereum limitations, achieving efficient parallel transactions

Addressing Ethereum Scalability Challenges

Nibiru Chain, as an innovative smart contract ecosystem, has recently launched the Nibiru EVM v2 version. This is a high-performance Ethereum Virtual Machine execution environment designed to address many of the issues currently faced by blockchain networks.

Ethereum currently has a processing capacity of about 20 transactions per second, which can lead to high fees during network congestion, severely limiting the ability of developers to build high-performance applications. Nibiru EVM breaks through this bottleneck by providing over 10,000 TPS throughput, maintaining such efficiency even in single-thread execution.

Nibiru's development plan is even more ambitious. By the end of 2024, they plan to upgrade the network to enable parallel optimistic execution for processing transactions. This means that network nodes will be able 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, emphasized: "Compatibility with Ethereum is crucial for attracting liquidity and driving the growth of the Nibiru EVM ecosystem. Launching a blockchain protocol is a process of building trust and demonstrating real value. The core of our strategy is continuous innovation and improvement of the EVM."

Considering that Ethereum developers account for over 90% of the total locked value (TVL) in the smart contract ecosystem, the emergence of Nibiru EVM has significantly lowered the entry barrier while accelerating the development process.

Nibiru EVM provides developers with a powerful and user-friendly environment, enabling seamless interoperability 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 the use of Wasm (Web Assembly) smart contracts written in Rust. 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, driving innovation and mainstream adoption.

Future Outlook of Nibiru

Nibiru is actively building a vibrant community ecosystem. They provide tools such as an official web application, user guides, and a block explorer, while also preparing for upcoming governance and improvement proposals. These initiatives aim to promote community engagement and drive the long-term development of the project.