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

Breakthrough Ethereum Scalability Bottleneck

Nibiru Chain, as an innovative smart contract ecosystem, has recently launched the Nibiru EVM v2 version. This is a high-performance Ethereum Virtual Machine (EVM) execution environment designed to address the scalability challenges currently faced by Ethereum.

Currently, the transaction processing capacity of the Ethereum network is about 20 transactions per second (TPS), and this limitation can cause transaction fees to soar during network congestion. This situation severely hinders developers' ability to build high-performance applications similar to Web2 levels. Nibiru EVM effectively overcomes this bottleneck by providing over 10,000 TPS processing capability, even in single-threaded execution mode.

The Nibiru team plans to upgrade the network by the end of 2024, introducing a parallel optimistic execution mechanism to handle transactions. This improvement will allow network nodes to fully utilize additional hardware resources, thereby further enhancing overall transaction processing capabilities.

Promoting Ecosystem Development and Optimizing Developer Experience

Nibiru co-founder Unique emphasized: "Compatibility with Ethereum is key to attracting liquidity and promoting the growth of the Nibiru EVM ecosystem. Launching a blockchain protocol is a process of building trust and demonstrating real 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, 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 that supports seamless interaction between Ethereum tokens and multi-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 launch of Nibiru EVM further provides developers with a high-performance, scalable EVM-compatible execution environment, which will play a key role in the future development of decentralized applications, driving innovation and facilitating mainstream adoption.

Nibiru Project Outlook

The Nibiru project is actively advancing the development of its ecosystem. In the future, community members can expect to see the launch of official web applications, as well as more information about user guides and block explorers. In addition, the project team plans to introduce governance mechanisms and an improvement proposal system to further promote community participation and the long-term development of the project.