In a bid to revolutionize the landscape of decentralized applications (dApps), Nibiru Chain unveils its latest v2 release featuring the Nibiru EVM, touted as a game-changer for Ethereum developers. With its blazing-fast transaction speeds, scalability, and seamless integration capabilities, Nibiru EVM is set to propel mainstream adoption and foster innovation within the Web3 ecosystem.
Overcoming Ethereum’s Scalability Hurdles
Nibiru’s innovative approach addresses the inherent scalability limitations of Ethereum’s infrastructure. While Ethereum currently grapples with a throughput of approximately 20 transactions per second (TPS), leading to exorbitant fees during network congestion, Nibiru EVM surpasses these constraints with ease. Boasting a throughput exceeding 10,000 TPS, even under single-threaded execution, Nibiru EVM paves the way for the development of high-performance applications akin to those in Web2.
In a bid to further enhance scalability and performance, Nibiru outlines plans to implement parallel optimistic execution for transaction processing, slated for release by the end of 2024. Unique Divine, Co-Founder of Nibiru, underscores the significance of this upgrade, emphasizing its potential to leverage additional hardware resources and push the boundaries of transaction handling capabilities.
Fueling Ecosystem Expansion and Developer Experience
The compatibility with Ethereum is pivotal in attracting liquidity and fostering ecosystem growth on Nibiru EVM. Unique Divine underscores the importance of trust-building and real-world utility in blockchain protocols, with innovation and improvement of the EVM constituting integral components of Nibiru’s strategy. Nibiru EVM offers developers a robust and user-friendly environment, facilitating seamless interaction between Ethereum-based tokens and applications across multiple virtual machines, thereby ensuring rapid transaction processing and an enhanced user experience.
Ethereum developers stand to benefit from deploying applications in a familiar EVM environment, thereby reducing barriers to entry and expediting development timelines. Moreover, the integration of parallel optimistic execution and instant finality further amplifies the appeal of Nibiru EVM, heralding a new era of efficiency and scalability in dApp development.
Nibiru in Early Innings
Since its mainnet launch in March 2024, Nibiru has supported Wasm (Web Assembly) smart contracts authored in the Rust programming language. The introduction of Nibiru EVM promises Ethereum developers an EVM-compatible execution environment characterized by exceptional performance and scalability. Positioned as a pivotal player in the future of decentralized applications, Nibiru remains committed to driving innovation and facilitating mainstream adoption within the Web3 landscape.
About Nibiru
Users keen on staying abreast of the latest developments or engaging with Nibiru can access the Community Hub. Here, they can find the official web application along with pertinent information such as user guides, block explorers, and upcoming governance and improvement proposals. With its steadfast commitment to fostering a developer-friendly and user-centric smart contract ecosystem, Nibiru endeavors to lead the charge toward mainstream Web3 adoption by innovating across various layers of the technology stack, from dApp development to infrastructure and beyond, while also prioritizing value accrual.
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