Nibiru EVM: Breakthrough Ethereum limitations, achieving efficient parallel transactions

The scalability issue of the Ethereum network has always been a major challenge faced by the blockchain industry. To address this problem, Nibiru Chain has launched an innovative smart contract ecosystem, with its core being Nibiru EVM—a high-performance Ethereum Virtual Machine execution environment.

Currently, Ethereum's transaction processing capability is only about 20 transactions per second (TPS), which can lead to skyrocketing transaction fees during network congestion. This limitation severely hinders developers' ability to build high-performance applications. Nibiru EVM aims to break through this bottleneck, providing over 10,000 TPS processing capability even under single-threaded execution.

The Nibiru team plans to implement a major upgrade to the network before the end of this year. By introducing a parallel optimistic execution mechanism to handle transactions, network nodes will be able to fully utilize additional hardware resources, thereby further enhancing overall transaction processing capacity.

A senior official from 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. 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 speed. It provides developers with a powerful and user-friendly environment, facilitating seamless interaction between Ethereum tokens and multiple virtual machine applications. This multi-VM approach not only ensures fast transaction processing but also simplifies the user experience.

Since the mainnet launch in March 2024, Nibiru has supported smart contracts written in Rust via Wasm (Web Assembly). The launch of Nibiru EVM further expands the platform's capabilities, providing developers with a high-performance and scalable EVM-compatible execution environment. This will play a key role in the future development of decentralized applications, driving innovation and widespread adoption.

The Nibiru community center is an important platform for understanding the latest developments and interacting with the project. Users can find official web applications, user guides, block explorers, and information related to upcoming governance and improvement proposals here. With the continuous development of Nibiru EVM, it is expected to become a significant solution to Ethereum's scalability issues, opening up new possibilities for the future development of blockchain technology.