Nibiru EVM will transform Ethereum capabilities for the Web3 of tomorrow

(PRESS RELEASE – Tortola, British Virgin Islands, June 5, 2024)

The Nibiru EVM run features incredibly fast transaction speeds, scalability, and seamless integration for ethereum developers, positioning Nibiru to drive widespread adoption and innovation in Web3.

Overcoming ethereum Scalability Obstacles

Nibiru Chaina pioneering smart contract ecosystem, introduces Nibiru EVM, a high-performance ethereum virtual machine (EVM) runtime environment, unveiled at its latest version v2.

Nibiru plans to scale beyond ethereum's current infrastructure, which is limited to approximately 20 transactions per second (TPS) and incurs high fees during periods of congestion. These limitations prevent developers from creating high-performance applications similar to those seen in Web2. Nibiru EVM overcomes these limitations by delivering over 10,000 TPS performance even with single-threaded execution.

To take scale and performance a step further, Nibiru plans to upgrade the network to process transactions with optimistic parallel execution, which is “targeted for release before the end of 2024,” according to Nibiru co-founder Unique Divine. This approach allows nodes to utilize additional hardware resources, pushing the limits of the network's transaction handling capabilities.

Driving ecosystem expansion and a better developer experience

“Compatibility with ethereum is a key factor in attracting liquidity and promoting ecosystem growth on Nibiru EVM. Launching a blockchain protocol is about building trust and showing real-world utility. Innovating and improving the EVM is a key part of our strategy,” explains Unique.

With ethereum developers representing applications that account for more than 90% of the total value locked (TVL) in smart contract ecosystems, Nibiru EVM significantly reduces barriers to entry and accelerates development timelines.

Nibiru EVM provides developers with a robust, easy-to-use environment that enables seamless interaction between ethereum-based tokens and applications across multiple virtual machines. This multi-VM approach ensures fast transaction processing and an optimized user experience.

ethereum developers can deploy applications in a familiar EVM environment, lowering barriers to entry and accelerating development timelines, while reaping the benefits of optimistic parallel execution and instant finality.

Nibiru in the first entries

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 runtime environment that is both high-performance and scalable. Positioned to play a crucial role in the future of decentralized applications, Nibiru is driving innovation and laying the foundation for widespread adoption.

About Nibiru

Users can stay up to date on the latest news or interact with Nibiru by visiting the Community Center. Users can find the official one. Web Application and information about user guides, block explorersand upcoming governance and improvement proposals.

Nibiru aims to be the most developer- and user-friendly smart contract ecosystem, leading the charge toward widespread Web3 adoption through innovation at every layer of the stack: dApp development, infrastructure, consensus, a suite of comprehensive development and value accumulation.

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