Nibiru EVM: Breakthrough Ethereum Limitations, Achieve High-Speed Parallel Transactions

Solving Ethereum Scalability Issues

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

Nibiru aims to break through Ethereum's current limit of approximately 20 transactions per second (TPS), a limitation that causes transaction fees to soar during network congestion. These constraints hinder developers from building high-performance applications similar to Web2. Nibiru EVM overcomes these limitations by providing a throughput of over 10,000 TPS, even in single-threaded execution.

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

Promote ecosystem development and optimize the development experience

Unique, the co-founder of Nibiru, stated: "Compatibility with Ethereum is a key factor in attracting liquidity and promoting the growth of the Nibiru EVM ecosystem. Launching the blockchain protocol is a process of building trust and demonstrating practical use cases. Innovating and improving the EVM is a core part of our strategy."

Given 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, enabling 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 smart contracts written in Rust using Wasm (Web Assembly). 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 Prospects of Nibiru

Nibiru is actively promoting the development of its ecosystem. Community members can access the latest information through the official web application, including user guides, block explorers, and upcoming governance and improvement proposals. As Nibiru continues to optimize its technology and community engagement, we can expect to see more innovative applications and further expansion of the ecosystem.