Nibiru EVM: Break through Ethereum limits, achieving high-speed transaction processing

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

Ethereum currently has a transaction processing capability of about 20 transactions per second (TPS). This limitation often leads to skyrocketing transaction fees during periods of network congestion, while also hindering developers from building high-performance applications. The emergence of Nibiru EVM provides a solution to this problem, with a transaction processing capability exceeding 10,000 transactions per second in its single-threaded execution environment.

Nibiru's development roadmap plans a major upgrade to the network by the end of 2024. This upgrade will introduce a parallel optimistic execution mechanism to handle transactions, allowing network nodes to fully utilize additional hardware resources, thus further enhancing the overall transaction processing capacity.

The co-founder of Nibiru, Unique, emphasized the importance of maintaining compatibility with Ethereum: "Ethereum compatibility is key to attracting liquidity and driving the growth of the Nibiru EVM ecosystem. Launching a blockchain protocol is a process of building trust and demonstrating real-world applications, while innovating and improving the EVM is a core part of our strategy."

Considering that Ethereum developers account for more than 90% of the total value locked (TVL) in the smart contract ecosystem, the launch of the Nibiru EVM has undoubtedly significantly lowered the barrier to entry while speeding up the development process. It provides a robust and friendly environment for developers to support seamless interoperability between Ethereum tokens and multi-virtual machine applications. This multi-VM approach not only ensures fast transaction processing, but also simplifies the user experience.

It is worth mentioning that since the mainnet launch in March 2024, Nibiru has supported smart contracts written in Rust language using Wasm (Web Assembly). The introduction of Nibiru EVM further expands the platform's capabilities, providing developers with a high-performance and scalable EVM-compatible execution environment. This initiative plays a key role in driving the future development of decentralized applications, fostering innovation, and promoting mainstream adoption.

Nibiru's series of initiatives demonstrates its innovative spirit and strength in the field of blockchain technology, and is expected to bring positive impacts to the entire smart contract ecosystem. With more developers and users joining, Nibiru is likely to occupy an important position in the future blockchain landscape.