Tortola, British Virgin Islands, June 5, 2024, Chainwire
The Nibiru EVM implementation boasts ultra-fast transaction speeds, scalability, and seamless integration for Ethereum developers, enabling Nibiru to drive mainstream adoption and innovation in Web3.
Overcoming Ethereum’s Scalability Obstacles
Nibiru Chain, a pioneering smart contract ecosystem, introduces Nibiru EVM, a high-performance Ethereum Virtual Machine (EVM) execution environment in its latest v2 release.
Nibiru plans to expand beyond Ethereum’s current infrastructure, which is limited to approximately 20 transactions per second (TPS), resulting in high fees during periods of congestion. These limitations prevent developers from building performance-intensive applications similar to those found in Web2. Nibiru EVM surpasses these limitations by delivering throughput exceeding 10,000 TPS with just single-threaded execution.
To take scalability and performance to the next level, Nibiru plans to upgrade its network to process transactions with parallel optimistic execution. According to Nibiru co-founder Unique Divine, the company is “aiming to launch before the end of 2024.” This approach allows nodes to leverage additional hardware resources to push the boundaries of the network’s transaction processing capabilities.
Facilitating ecosystem expansion and improved developer experience
“Compatibility with Ethereum is a key driver for Nibiru EVM to attract liquidity and drive ecosystem growth. Launching a blockchain protocol is about building trust and demonstrating real-world utility. Innovating and improving EVMs is a key part of our strategy,” explains Unique.
Nibiru EVM significantly lowers the barrier to entry and accelerates development timelines with Ethereum developers responsible for applications accounting for more than 90% of the total value locked (TVL) across the smart contract ecosystem.
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 streamlined user experience.
Ethereum developers can deploy their applications on the familiar EVM environment, reducing barriers to entry and accelerating development timelines while benefiting from optimistic parallel execution and immediate finality.
Nibiru in the early innings
Since its mainnet launch in March 2024, Nibiru has supported Wasm (WebAssembly) smart contracts written in the Rust programming language. With the introduction of Nibiru EVM, developers are promised a highly performant and highly scalable EVM-compatible execution environment. Positioned to play a critical role in the future of decentralized applications, Nibiru is driving innovation and setting the stage for mainstream adoption.
About Nibiru
Users can check out the latest news or participate in Nibiru by visiting the community hub. Users can find the official web application and user guide, a block explorer, and information about future governance and improvement suggestions.
Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem and aims to lead mainstream Web3 adoption through innovation at each layer of the stack: dApp development, infrastructure, consensus, comprehensive development toolkit, and value generation. .
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