MON — Monad

**Monad** is a high-performance, Ethereum-compatible Layer 1 blockchain. It significantly enhances the balance between decentralization and scalability. Keone Hon (CEO), James Hunsaker (CTO), and Eunice Giarta (COO) are the co-founders of Monad. Overview Monad is a high-performance, Ethereum-compatible Layer 1 blockchain providing portability and performance. It supports full bytecode compatibility for the Ethereum Virtual Machine (EVM), allowing applications built for Ethereum to be ported without code changes. Monad also offers full Ethereum RPC compatibility for seamless use with tools like MetaMask and Etherscan. In terms of performance, Monad delivers 10,000 transactions per second (tps), equivalent to 1 billion transactions per day, with 1-second block times and finality. This enables it to support more users and interactive experiences at lower transaction costs. Its implementation of the Ethereum Virtual Machine complies with the Shanghai fork, ensuring identical outcomes when simulating historical Ethereum transactions. Monad's performance improvements are driven by several innovations: MonadBFT (pipelined HotStuff consensus with additional research improvements), Deferred Execution (pipelining between consensus and execution to increase the execution budget), Parallel Execution, and MonadDb (high-performance state backend). Despite featuring parallel execution and pipelining, blocks in Monad are linear, with transactions ordered linearly within each block. Pipelining Pipelining is a method for achieving parallelism by breaking down tasks into smaller units that can be processed concurrently. In computer processors, pipelining enhances throughput by executing a sequence of instructions in parallel, all within a single clock cycle. !pipelining.png Asynchronous I/O Asynchronous I/O is an input/output processing method that enables the CPU to proceed with other tasks while data communication is ongoing. Given the significant speed difference betw