Monad is not just a blockchain; it is a movement pushing the boundaries of Web3 performance and usability.
Author: Evie | JE Labs
In a recent interview with Evie, the founder of JE Labs, Monad co-founder Keone Hon shared the vision, technology, and future plans for this groundbreaking Layer 1 blockchain. Monad focuses on unparalleled performance and seamless compatibility, shaping the next phase of blockchain innovation.
Keone Hon: From Quantitative Trading to Blockchain Innovator
Keone's career began in high-frequency trading, where he worked at Jump Trading for eight years, developing trading systems capable of making decisions in microseconds. During this time, he accumulated expertise in creating high-performance systems and later joined Jump's crypto team, focusing on Solana's DeFi ecosystem.
His experience with Solana revealed two key opportunities: the demand for high-performance blockchain infrastructure and the importance of EVM compatibility. "The market needs a system that combines Solana's speed with an Ethereum developer-friendly environment," Keone explained. This vision led to the founding of Monad in early 2022, alongside co-founders James Hunsaker and Eunice Giarta.
Monad's Technology: Addressing Layer 1 Scalability Challenges
Monad addresses the blockchain scalability trilemma by achieving high throughput, decentralization, and security simultaneously. Keone highlighted four key innovations of Monad:
MonadDB: A custom database optimized for efficient storage of Ethereum Merkle tree data.
Optimistic Parallel Execution: Supports parallel transaction processing while maintaining the integrity of transaction order.
Asynchronous Execution: Separates consensus and execution processes to maximize block time utilization.
Monad BFT: A robust consensus mechanism supporting a decentralized validation set of hundreds of nodes.
These innovations enable Monad to deliver over 10,000 transactions per second (TPS) while being fully compatible with EVM bytecode, ensuring developers can migrate their applications without modification.
Ecosystem Development: Developers and Community at the Core
Monad has attracted a vibrant developer ecosystem that builds innovative projects using Monad's high-performance infrastructure. Examples include:
FortyTwo: A decentralized AI protocol focused on collective reasoning capabilities.
Kuru: A fully on-chain order book that can be integrated with DeFi applications.
Kizzy: A social media betting platform that combines prediction markets with user engagement.
Keone emphasized the importance of Monad's community-driven culture, which fosters collaboration and creativity. Sub-communities like the Monad Run Club and Monlingo showcase how the Monad ecosystem transcends technology itself to build human connections.
Image: Community-created overview of the Monad ecosystem
Empowering Developers: Monad Madness
Monad supports early-stage developers through global creative competitions like Monad Madness. Events have been held in New York and Bangkok, awarding over $1 million in prizes and providing participants with opportunities to connect with top investors, including Paradigm, Pantera, and Electric Capital.
"Our goal is not just to provide funding but to catalyze innovation," Keone stated. Award-winning projects like EarnOS and Rarebet Sports highlight Monad's potential to empower transformative applications.
Looking Ahead: Monad's Vision
As Monad approaches the launch of its public testnet, Keone envisions Monad becoming a significant contributor to Ethereum scaling research. Over the next three years, Monad aims to support killer applications in areas such as decentralized identity, payments, and data storage, scaling to support hundreds of millions of users.
"Monad is not just a blockchain; it is a movement pushing the boundaries of Web3 performance and usability," Keone concluded.
Join the Journey with Monad
To stay updated on Monad's testnet and ecosystem developments, follow Monad's official Twitter (@monad_xyz) or join their Discord community. As Monad sets new standards for Layer 1 blockchains, the project invites developers, enthusiasts, and innovators to be part of its journey.
Monad's focus on performance, compatibility, and community sets it apart in the competitive Layer 1 space, offering a fresh perspective on the future of blockchain technology.
About Monad
Monad Official Twitter: https://x.com/monad_xyz
Monad Chinese Twitter: https://x.com/monad_zw
Official Website: https://www.monad.xyz/
Discord: https://tr.ee/rF_35N5aOW
Community Telegram: https://t.me/monad_xyz
WeChat Official Account: Monad Chinese
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