Nibiru Chain, a pioneering smart contract ecosystem, introduces Nibiru EVM, a high-performance Ethereum Virtual Machine (EVM) execution environment, presented in its latest v2 version.
Overcoming Ethereum's scalability limitations Nibiru plans to expand beyond Ethereum's current infrastructure, which is limited to around 20 transactions per second (TPS) and results in high fees in stages of obstruction. These limitations prevent developers from building applications that require high performance similar to those in Web2. Nibiru EVM overcomes these limitations by delivering throughput in excess of 10,000 TPS even with single-threaded execution.
To further enhance scalability and performance, Nibiru plans to upgrade the network to handle transactions with parallel optimistic execution, expected to launch before the end of 2024, according to Nibiru co-founder Unique Divine. . This method allows nodes to use more hardware resources, boosting the network's transaction processing capabilities.
Drive ecosystem expansion and improve developer experience “Ethereum compatibility is a key factor in attracting liquidity and driving ecosystem growth on Nibiru EVM. Launching a blockchain protocol is about building trust and demonstrating practical usefulness. Innovating and improving EVM is a key part of our strategy,” Unique explains.
With Ethereum developers accounting for applications accounting for over 90% of the total value locked (TVL) across smart contract ecosystems, Nibiru EVM significantly reduces barriers to entry and speeds up development time.
Nibiru EVM provides developers with a powerful and user-friendly environment that enables seamless interaction between Ethereum-based tokens and applications across multiple virtual machines. This multi-VM approach ensures fast transaction processing and a smooth user experience.
Ethereum developers can deploy applications in a familiar EVM environment, reducing barriers to entry and accelerating development time, while enjoying the benefits of optimistically parallel execution and consistency right away.
Since its mainnet launch in March 2024, Nibiru has supported Wasm (Web Assembly) smart contracts written in the Rust programming language. The introduction of Nibiru EVM promises developers an EVM-compliant, high-performance, and scalable execution environment. Positioned to play a key role in the future of decentralized applications, Nibiru is driving innovation and laying the foundation for widespread adoption.
Source: https://tapchibitcoin.io/nibiru-chain-gioi-thieu-nibiru-evm-hieu-suat-high-trong-phien-ban-v2-moi-nhat.html
