Author: Techandtips123 Source: Binance Translation: Shan Oppa, Golden Finance
Parallel EVM is a method to make the Ethereum network faster and more efficient by running multiple transactions simultaneously.
To explain parallel EVM in a simple way, imagine you have some work to do (for example - cooking for your party). So, you ask your friends to share the work, A goes to the market to bring things, B arranges tableware and other things, C cuts vegetables and things, and D cooks. So, instead of relying on one person, spread the work among 4 people, which will reduce time and increase efficiency.
Parallel EVM is similar to the idea of Cooking, it uses computers and code. The Ethereum network is like your party cooking, with many people working on the different transactions that make up the blockchain. Each transaction has a specific function or purpose, such as sending money or creating tokens. The network assigns each transaction to a worker who can execute it on the Ethereum Virtual Machine (EVM), which is like a computer program that runs on the blockchain. The workers then send their results back to the network, where they are combined into the final block.
However, sometimes the transaction volume is too large for one person to handle alone. This slows down the network and makes it harder for people to use it. This is why parallel EVMs were created: to allow multiple people to work on different things at the same time. This way, the network can process more transactions in less time, with less congestion and fees (in real world trouble and time).
Parallel EVM is not easy to implement or maintain. It requires unique design and testing to ensure everything works well together. It also presents some challenges and trade-offs that need to be considered. For example:
? Parallel EVM may increase the risk of conflicts between interdependent transactions. A parallel EVM may require more resources from the network node it is running on.
? Parallel EVM may affect some functions or applications that rely on sequential execution. Parallel EVM is still an experimental feature being developed by some projects in the Ethereum ecosystem.
?It may not be available or stable for everyone yet. But if it is widely adopted and improved, it could make Ethereum faster and more efficient for everyone.
?$BE- SEI Network ($0.30)
In the Sei blockchain, validators receive blocks and update the network status. They follow a specific sequence of operations: BeginBlock, DeliverTx, and EndBlock. These operations can be customized. In Sei, parallelization is used to improve performance during transaction processing.
?$NEON - NEON EVM (0.82$)
Neon EVM is an Ethereum A virtual machine that runs as a smart contract on Solana. It enables developers to deploy Ethereum dApps directly, without changing code, while benefiting from Solana’s technical advantages, and all built with security, decentralization and sustainability at the forefront.
?Monad - Token to be determined
Monad is an innovative L1 smart contract The platform marks the birth of a new generation of blockchain expansion technology. It provides fast transaction processing, capable of processing up to 10,000 transactions per second, with block times of just one second and instant completion.
Why parallel EVM is gaining attention
Due to the inscription craze, major networks experienced outages and transaction fees soared. However, the SEI remains stable.
Parallel EVM can process multiple transactions simultaneously, meaning more users can interact with the network at the same time. This can improve user experience and reduce network congestion.
Parallel EVM can verify and complete transactions faster than sequential execution, meaning users don’t have to wait long to see their transactions reflected on the blockchain. This also reduces gas costs and improves security.
Parallel EVM is indeed a big leap in the field of blockchain. If implemented properly, it can reduce G as fees and reduce network outages to some extent, like we saw with the main L1 and L2 Inscription Legends. This statement is new and requires appropriate attention. Be sure to do adequate research before investing in this area.
This article will analyze the Artela ecosystem, which has been very popular among developers recently, and explore the potential applications of its EVM++ technology.
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JinseFinanceThe Parallel Ethereum Virtual Machine (Parallel EVM) is an upgraded version of the traditional Ethereum Virtual Machine (EVM). It improves the blockchain transaction throughput and improves transaction processing speed and efficiency by processing multiple non-conflicting transactions simultaneously.
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