Ethereum

<h4><strong><a href="https://nibiru.fi/" target="_blank" rel="noopener">Nibiru</a> plans to scale beyond Ethereum’s current infrastructure. It is limited to approximately 20 transactions per second (TPS) and results in high fees during periods of congestion. </strong></h4> 
<p><span style="font-weight: 400;">These constraints hinder developers from building performance-intensive applications similar to the ones seen in Web2. Let’s explore more about Nibiru</span></p> 
<h5><strong>Introducing Nibiru EVM: High-Performance Ethereum Execution</strong></h5> 
<p><span style="font-weight: 400;">Nibiru EVM surpasses these limitations by offering throughput exceeding 10,000 TPS even with just single-threaded execution. </span><span style="font-weight: 400;">To take the scaling and performance a step further, Nibiru plans to upgrade the network to process transactions with parallel optimistic execution. </span></p> 
<p><span style="font-weight: 400;">According to its <a href="https://nibiru.fi/docs/evm/evm-alpha-test.html" target="_blank" rel="noopener">blog post</a>, it is targeted for release before the end of 2024. This approach allows nodes to use extra hardware resources, pushing the boundaries of the network’s transaction-handling capabilities.</span></p> 
<p><img decoding="async" class="wp-image-142315 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/xzcdsaweqewrtryyut-300x289.jpg" alt="" width="407" height="392" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/xzcdsaweqewrtryyut-300x289.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/xzcdsaweqewrtryyut.jpg 393w" sizes="(max-width: 407px) 100vw, 407px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/NibiruChain/status/1798410750433890461" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><b>Fueling Ecosystem Expansion and Enhanced Developer Experience</b></h5> 
<p><span style="font-weight: 400;">“Compatibility with Ethereum is a key driver for attracting liquidity and promoting ecosystem growth on Nibiru EVM. Launching a blockchain protocol is about building trust and showcasing real-world utility. Innovating and improving the EVM is a key part of our strategy,” explains Unique.</span></p> 
<p><span style="font-weight: 400;">Nibiru EVM significantly lowers barriers to entry and accelerates development timelines. It will </span><span style="font-weight: 400;">empower developers with a robust and user-friendly environment. It enables seamless interaction between <a href="https://www.altcoinbuzz.io/?s=ERC-20+tokens" target="_blank" rel="noopener">Ethereum-based tokens</a> and applications across multiple virtual machines. This multi-VM approach ensures fast transaction processing and a streamlined user experience.</span></p> 
<p><span style="font-weight: 400;">With Nibiru EVM, Ethereum developers can deploy applications in a familiar EVM environment. It will reduce barriers to entry and accelerate development timelines. Also, it will reap the benefits of parallel optimistic execution and instant finality.</span></p> 
<p><img decoding="async" class="wp-image-142320 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcbvhjhjggdes-1-223x300.jpg" alt="" width="407" height="548" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcbvhjhjggdes-1-223x300.jpg 223w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcbvhjhjggdes-1-313x420.jpg 313w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcbvhjhjggdes-1.jpg 393w" sizes="(max-width: 407px) 100vw, 407px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/NibiruChain/status/1794953119832707306" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><b>Nibiru in Early Innings</b></h5> 
<p><span style="font-weight: 400;">Since its mainnet launch in March 2024, Nibiru has supported <a href="https://nibiru.fi/docs/arch/wasm.html" target="_blank" rel="noopener">Wasm</a> (Web Assembly) smart contracts. It was written in the Rust programming language. The introduction of Nibiru EVM promises developers an EVM-compatible execution environment that is both highly performant and scalable. </span></p> 
<p><span style="font-weight: 400;">Positioned to play a crucial role in the future of decentralized applications, Nibiru’s chain is driving innovation and setting the stage for mainstream adoption.</span></p> 
<h5><b>More on Nibiru</b></h5> 
<p><span style="font-weight: 400;">Stay up-to-date on the latest news or engage with Nibiru by visiting the </span><a href="https://nibiru.fi/docs/community/" target="_blank" rel="noopener"><span style="font-weight: 400;">Community Hub</span></a><span style="font-weight: 400;">. Here you can find the official </span><a href="https://app.nibiru.fi/stake/?utm_source=altcoinbuzz&amp;utm_medium=affiliate&amp;utm_campaign=evm" target="_blank" rel="noopener"><span style="font-weight: 400;">web application</span></a><span style="font-weight: 400;"> and information on </span><a href="https://nibiru.fi/docs/use/?utm_source=altcoinbuzz&amp;utm_medium=affiliate&amp;utm_campaign=evm" target="_blank" rel="noopener"><span style="font-weight: 400;">user guides</span></a><span style="font-weight: 400;">, </span><a href="https://nibiru.fi/docs/community/explorers.html?utm_source=altcoinbuzz&amp;utm_medium=affiliate&amp;utm_campaign=evm" target="_blank" rel="noopener"><span style="font-weight: 400;">block explorers</span></a><span style="font-weight: 400;">, and upcoming governance and improvement proposals.</span></p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/nibiru-evm-to-transform-ethereum-for-web3/">Nibiru EVM to Transform Ethereum for Web3</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Nibiru EVM to Transform Ethereum for Web3

Altcoin Buzz

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