The Nibiru EVM will change the landscape of Ethereum's functionalities for the future of Web3.

Tortola, British Virgin Islands, June 5th, 2024, via Chainwire

The Nibiru EVM offers incredibly fast transaction speeds, excellent scalability, and effortless integration for Ethereum developers, positioning Nibiru to catalyze widespread adoption and drive innovation in the Web3 ecosystem. 

Addressing Ethereum's Scalability Challenges

Nibiru Chain , a groundbreaking ecosystem for smart contracts, introduces the Nibiru EVM, a high-efficiency execution environment for Ethereum Virtual Machines, prominently featured in its announcements. latest v2 release .

Nibiru aims to expand beyond Ethereum’s existing framework, which currently supports around 20 transactions per second (TPS) and leads to costly fees during busy periods. These limitations pose challenges for developers wishing to create high-performance applications akin to those found in Web2. The Nibiru EVM exceeds these constraints by delivering over 10,000 TPS even under single-threaded operations.

Looking to enhance scalability and performance further, Nibiru plans to upgrade its network to handle transactions using parallel optimistic execution, with a launch targeted for the end of 2024, as stated by Co-Founder Unique Divine. This innovation allows nodes to leverage additional hardware resources, significantly enhancing the network's transaction processing capabilities.

Accelerating Ecosystem Growth and Enhancing Developer Interaction

"The compatibility with Ethereum significantly fosters liquidity and ecosystem growth within Nibiru EVM. When it comes to launching a blockchain protocol, building trust and demonstrating practical utility are paramount. Advancements and enhancements to the EVM are integral to our strategy,\" Unique elaborates.

Given that Ethereum developers represent applications constituting over 90% of the total value locked (TVL) across various smart contract ecosystems, the Nibiru EVM effectively reduces entry barriers and speeds up development processes.

The Nibiru EVM equips developers with a strong and intuitive environment that facilitates seamless interactions among Ethereum-based tokens and applications running on multiple virtual machines. This multi-VM strategy guarantees quick transaction processing and an overall smoother user journey.

Developers working with Ethereum can launch their applications within a familiar EVM setting, which minimizes entry barriers and expedites development timelines, while also benefiting from parallel optimistic execution and quick finality.

Nibiru in Early Innings

Since launching its mainnet in March 2024, Nibiru has supported Wasm (Web Assembly) smart contracts created with the Rust programming language. The roll-out of Nibiru EVM offers developers an execution environment compatible with EVM that is not only high-performing but also scalable. As it positions itself to play a pivotal role in the evolution of decentralized applications, Nibiru is at the forefront of innovation and paving the way for mainstream adoption.

About Nibiru

To keep up with the latest insights or get involved with Nibiru, feel free to visit their official pages, which will also cover future governance and improvement proposals.  Community Hub . Users can find the official web application and information on user guides , block explorers Nibiru aspires to establish itself as the most friendly ecosystem for developers and users alike, leading the movement towards mainstream Web3 adoption by innovating at every level of the stack: from dApp development to infrastructure, consensus, a comprehensive development toolkit, and value accrual.

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