Nibiru EVM: Breakthrough Ethereum limitations to achieve efficient parallel transactions

The scalability issue of the Ethereum network has always been a focal point of concern in the industry. To address this challenge, Nibiru Chain has launched the innovative Nibiru EVM, a high-performance Ethereum Virtual Machine execution environment, with the latest v2 version demonstrating outstanding performance.

Currently, the Ethereum network's processing capacity of about 20 transactions per second (TPS) often leads to skyrocketing transaction fees during peak times, which severely restricts developers' ability to build high-performance applications. Nibiru EVM aims to break through this bottleneck, providing a throughput of over 10,000 TPS even in single-threaded execution.

The development plan for Nibiru is even more exciting. It is reported that the project plans to upgrade the network by the end of 2024, introducing a parallel optimistic execution mechanism to handle transactions. This upgrade will allow nodes to fully utilize additional hardware resources, thereby further enhancing the overall transaction processing capacity of the network.

Nibiru co-founder Unique emphasized: "Compatibility with Ethereum is key to attracting liquidity and promoting the growth of the Nibiru EVM ecosystem. We are building trust through practical applications, and continuous innovation and improvement of the EVM is at the core of our strategy."

It is worth noting that Ethereum developers dominate the smart contract ecosystem, controlling over 90% of the total value locked (TVL). The emergence of Nibiru EVM has significantly lowered the entry barriers and accelerated the development process, which is of great significance for the development of the entire industry.

Nibiru EVM provides developers with a powerful and friendly environment that enables 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 launch of the mainnet in March 2024, Nibiru has supported the use of Wasm (Web Assembly) smart contracts written in Rust. The launch of Nibiru EVM further expands its 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 and is expected to drive industry innovation and facilitate mainstream adoption.

Nibiru's innovative initiative showcases the potential of continuous advancement in blockchain technology, providing new ideas for addressing the scalability challenges currently faced by blockchain networks. As technology continues to improve and the ecosystem gradually matures, we have reason to expect that Nibiru will play an important role in promoting the popularization and application of blockchain technology.