With the widespread application of Ethereum in the blockchain field, its network performance and scalability issues have gradually become prominent. In order to solve these challenges, Monad came into being. As a high-performance blockchain compatible with the Ethereum Virtual Machine (EVM) , Monad has achieved a high throughput of 10,000 transactions per second through innovative architecture design and technical optimization, providing developers and users with a more efficient and low-latency blockchain solution . It not only supports developers and applications in the Ethereum ecosystem, but also processes transactions at a lower cost and in a more efficient way, representing "faster and cheaper Ethereum" .
To further support and attract the participation of the Chinese developer community, Monad teamed up with TinTinLand to hold the first Monad 101 offline Meetup event in Hangzhou on October 19, 2024 , and will successively launch tours in cities such as Shanghai, Chengdu, and Shenzhen. This event is honored to invite Monad's Asia-Pacific head SungMo, ecosystem head Michael and Jing, and CertiK Staff Manager Adam Song to jointly interpret Monad's technology and ecology. Nearly 170 people registered for this event, 150 people attended, and nearly 80 developers brought computers to experience the Monad internal test network on site. This is also the first official public demonstration of Monad. Next, let's review the details of this exciting event together!
👀 Highlights of the event
As the first stop of the Monad 101 series of activities , the Hangzhou stop was carefully hosted by TinTinLand . The event was divided into two parts: the keynote speech "Introduction to Monad Technology and Ecosystem" and the workshop practice . The site attracted the enthusiastic participation of many developers. While everyone was learning in depth, they also enjoyed exquisite tea breaks during the activities. The atmosphere was relaxed and pleasant throughout the whole process of the meeting, and the participants also took this opportunity to have in-depth exchanges and discussions.
Monad officials prepared exquisite peripheral gifts for the participants, further creating a warm atmosphere for communication. Participants can not only receive exclusive Monad-themed souvenirs, but also interact with other developers and blockchain enthusiasts to prepare for the subsequent technical sharing and discussion. After the sign-in session went smoothly, the participants gradually entered the venue, and the formal agenda of the event began.
⛓️ High-performance parallel EVM blockchain
We are honored to invite Michael from the Monad ecosystem team to explain in detail Monad's technical architecture and how it provides developers with a more efficient and low-cost development environment.
Currently, the core goal of blockchain technology is to achieve decentralized consensus and trusted ledger records through multiple synchronized servers. This architecture not only needs to solve the consistency problem of transactions, but also needs to maintain account balances and application status. However, existing public chains still face many challenges in performance and scalability, such as high transaction costs, poor user experience, hacker attack risks, and insufficient support for large-scale users.
Although the Ethereum Virtual Machine (EVM) and Layer 2 scaling solutions have alleviated these problems to some extent, they have also introduced new challenges such as centralized sorters, liquidity fragmentation, and Ethereum's competition with external data availability layers. In addition, on-chain proofs and state verification are still under development, and their throughput improvement is limited compared to high-performance chains.
In the current public chain ecosystem, developers often face a dilemma between EVM compatibility and high performance. The emergence of Monad provides a new solution to this problem. It retains the advantages of EVM without sacrificing performance, making it stand out among many blockchains.
As a public chain with both high performance and decentralization, Monad is not only fully compatible with EVM, allowing existing applications and infrastructure (such as Etherscan, Metamask, etc.) to run seamlessly on it, but also ensures the decentralization and security of the network through a reasonable consensus mechanism of hundreds of nodes. At the same time, Monad significantly reduces transaction costs , providing developers and users with an efficient and economical choice.
Monad's core technologies include:
Asynchronous Execution
In traditional blockchains, execution and consensus are carried out simultaneously, resulting in limited block execution time. Monad significantly improves the system's transaction processing capabilities by using an asynchronous execution method that separates consensus and execution.
Parallel Execution
Monad supports optimistic parallel execution. Although transactions are kept in linear order, they are processed in parallel in the background to improve system performance. If the system detects a transaction conflict, it will enter a rollback state and re-execute the relevant transactions to ensure the correctness of the final state and data consistency.
MonadDB Database
Monad designed an efficient state database MonadDB and optimized the state access process. It fully utilizes the high bandwidth performance of SSD through parallel query and uses the latest kernel to support asynchronous I/O operations, which greatly improves the efficiency of parallel execution. Compared with traditional databases, MonadDB bypasses the file system through a redesigned storage structure, making state access more efficient.
These technical innovations enable Monad to achieve high-performance execution while maintaining low gas fees and be fully compatible with Ethereum RPC. Developers no longer need to pay too much attention to Gas optimization issues and can focus on building more complex and defensively designed applications.
The emergence of Monad provides a breakthrough solution for the blockchain industry, balancing the contradiction between EVM compatibility and high performance. Developers no longer need to compromise between scalability and performance , giving it strong competitiveness in the future blockchain ecosystem.
💻 How to build DApp on Monad in Workshop
To ensure the smooth progress of this workshop, the organizers provided test coins to the participants so that they could complete all practical operations on the Monad platform. At the same time, we were honored to invite Adam Song, a blockchain security technology expert and Staff Manager of CertiK , as the keynote speaker of this workshop. Adam holds a master's degree from the University of Science and Technology of China, is the inventor of 11 cybersecurity patents, and is currently the regional director of OWASP. He brought two important links to everyone: how to develop DApps on Monad, and the best security practices for smart contract development.
A practical path to building and deploying a Monad DApp
In this session, participants gained an in-depth understanding of the entire process of building, testing, and deploying DApps on Monad. Adam demonstrated step by step to help participants master the following key points:
Writing and designing smart contracts
Efficient use of testing tools
How to deploy contracts to the blockchain safely and efficiently through Monad's development environment
This demonstration introduced the technical features of Monad in detail, helping developers not only master the basic smart contract development, but also maximize the architectural advantages of Monad to optimize performance. Through this exercise, many participants successfully completed the steps of deploying a complete DApp on the Monad platform and deeply understood the technical principles and practical applications behind it.
Best Practices for Secure DApp Development
In the security section, Adam helped participants identify and prevent common security vulnerabilities in smart contracts, and discussed in depth security risks and countermeasures, including:
How to prevent reentrancy attacks
Preventing integer overflow and underflow
Implementing an effective rights management system
Through real case analysis, Adam shows how these vulnerabilities are exploited and shares best coding practices to help developers effectively avoid security risks. In addition, he also introduces the process of secure development, code auditing strategies, and emergency response methods to ensure that participants can develop DApps with stronger security and robust protection capabilities on Monad and other blockchain platforms.
Finally, we entered into a free exchange session, where we enjoyed tea breaks and had in-depth exchanges with the guests present.
