Tortola, British Virgin Islands, June 5th, 2024, Chainwire
In a groundbreaking development, Nibiru EVM is revolutionizing the world of blockchain with its lightning-fast transaction speeds, scalability, and seamless integration for Ethereum developers. This innovation positions Nibiru as a driving force behind mainstream adoption and innovation in the realm of Web3.
Overcoming the challenges of scalability faced by Ethereum, Nibiru Chain introduces the Nibiru EVM, a high-performance Ethereum Virtual Machine (EVM) execution environment, showcased in its latest v2 release. Nibiru aims to expand beyond Ethereum’s current infrastructure, which is restricted to about 20 transactions per second (TPS) and often results in high fees during congestion periods. Nibiru EVM breaks through these limitations by offering a throughput of over 10,000 TPS even with single-threaded execution.
Taking scalability and performance to the next level, Nibiru plans to enhance the network by enabling transactions with parallel optimistic execution. Co-Founder of Nibiru, Unique Divine, has stated that this upgrade is expected to be released before the end of 2024. This innovative approach allows nodes to utilize additional hardware resources, pushing the boundaries of the network’s transaction processing capabilities.
By empowering developers with a powerful and user-friendly environment, Nibiru EVM significantly reduces barriers to entry and accelerates development timelines for Ethereum-based applications. The multi-VM approach ensures swift transaction processing and a seamless user experience, making it easier for developers to deploy applications in a familiar EVM environment.
Since its mainnet launch in March 2024, Nibiru has supported Wasm (Web Assembly) smart contracts 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. Positioned at the forefront of decentralized applications, Nibiru is paving the way for innovation and mainstream adoption.
For the latest news and updates, users can visit the Community Hub to engage with Nibiru. The official web application provides information on user guides, block explorers, and upcoming governance and improvement proposals. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge towards mainstream Web3 adoption through innovation at every layer of the stack, including dApp development, infrastructure, consensus, dev toolkit, and value accrual.
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