Nibiru EVM To Transform Ethereum Capabilities for Tomorrow’s Web 3.0

June 5, 2024 – Tortola, British Virgin Islands

Overcoming Ethereum’s scalability hurdles

Nibiru Chain, a pioneering smart contract ecosystem, introduces Nibiru EVM, a high-performance EVM (Ethereum Virtual Machine) execution environment, showcased in its latest version two release.

Nibiru plans to scale beyond Ethereum’s current infrastructure, which is limited to approximately 20 TPS (transactions per second) and results in high fees during periods of congestion.

These constraints hinder developers from building performance-intensive applications similar to the ones seen in Web 2.0.

Nibiru EVM surpasses these limitations by offering throughput exceeding 10,000 TPS even with just single-threaded execution.

To take the scaling and performance a step further, Nibiru plans to upgrade the network to process transactions with parallel optimistic execution, which is “targeted for release before the end of 2024,” according to Unique Divine, co-founder of Nibiru.

This approach allows nodes to utilize extra hardware resources, pushing the boundaries of the network’s transaction handling capabilities.

Fueling ecosystem expansion and enhanced developer experience

Unique Divine said,

“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.”

With Ethereum developers accounting for applications that make up over 90% of the TVL (total value locked) across smart contract ecosystems, Nibiru EVM significantly lowers barriers to entry and accelerates development timelines.

Nibiru EVM empowers developers with a robust, user-friendly environment that enables seamless interaction between Ethereum-based tokens and applications across multiple virtual machines.

This multi-VM approach ensures fast transaction processing and a streamlined user experience.

Ethereum developers are able to deploy applications in a familiar EVM environment, reducing barriers to entry and accelerating development timelines, while also reaping the benefits of parallel optimistic execution and instant finality.

Nibiru in early innings

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 to play a crucial role in the future of DApps (decentralized applications), Nibiru is driving innovation and setting the stage for mainstream adoption.

About Nibiru

Users can stay up-to-date on the latest news or engage with Nibiru by visiting their community hub.

Users can find the official web application and 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 toward mainstream Web 3.0 adoption by innovating at each layer of the stack – DApp development, infra, consensus, a comprehensive dev toolkit and value accrual.

Contact

Nibiru, PR and media

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

The post Nibiru EVM To Transform Ethereum Capabilities for Tomorrow’s Web 3.0 appeared first on The Daily Hodl.