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What is Monad (MONAD)?

Monad basic info

Name:Monad
Ticker:
MONADBuy now
Introduction:

What Is Monad?

Monad is a high-performance, Ethereum-compatible Layer-1 blockchain designed to address the scalability and performance limitations of existing blockchain networks. As a Layer-1 solution, Monad operates independently and offers full compatibility with the Ethereum Virtual Machine (EVM), allowing developers to port their existing Ethereum applications to Monad without any code modifications. This EVM compatibility makes it easier for developers to leverage the extensive Ethereum ecosystem while benefiting from Monad's enhanced throughput and efficiency.

The Monad blockchain is engineered to handle a significantly higher volume of transactions compared to other EVM-compatible blockchains. With a throughput of up to 10,000 transactions per second (tps), Monad aims to provide a more scalable solution for decentralized applications (dApps) and decentralized finance (DeFi) projects. This high transaction capacity, coupled with one-second block times and single-slot finality, positions Monad as a robust platform for supporting a wide range of blockchain-based applications.

How Monad Works

Monad achieves its high performance through a combination of innovative technologies that address the inherent limitations of traditional blockchains. One of the core features of Monad is its parallel execution mechanism, which allows multiple transactions to be processed simultaneously. Unlike the sequential processing found in many blockchains, Monad's parallel execution ensures that transactions are handled more efficiently, reducing congestion and enabling faster transaction times. This is crucial for scaling decentralized applications to accommodate a growing user base.

In addition to parallel execution, Monad introduces a technique known as superscalar pipelining. This approach organizes work into stages that can be executed in parallel, further enhancing the blockchain's efficiency. By separating the consensus process from transaction execution—referred to as deferred execution—Monad allows nodes to agree on the order of transactions before executing them. This separation improves the overall throughput and scalability of the network, making it possible to process more transactions within a shorter timeframe.

Monad also employs a custom on-chain database called MonadDB, which is optimized for storing the current state of the blockchain. This database is designed to support the high demands of parallel execution by allowing multiple transactions to interact with the blockchain state simultaneously. By focusing on the current state rather than the entire transaction history, MonadDB enables faster reads and writes, contributing to the overall speed and efficiency of the Monad blockchain.

What Is MONAD Token Used for?

The MONAD token is the native cryptocurrency of the Monad blockchain, serving several critical functions within the ecosystem. MONAD tokens are used to pay for transaction fees on the network. As users and developers interact with decentralized applications on Monad, they need to pay fees to process their transactions, and these fees are denominated in MONAD tokens. This mechanism helps maintain the security and functionality of the blockchain by incentivizing validators to process transactions.

In addition to transaction fees, MONAD tokens play a role in the blockchain's governance and staking processes. Holders of MONAD tokens can participate in the network's governance by voting on proposals related to protocol upgrades, changes in transaction fees, and other critical decisions. Furthermore, MONAD tokens can be staked by validators to secure the network, with validators earning rewards in MONAD for their efforts in maintaining the blockchain's integrity and performance.

Finally, the MONAD token may be used to incentivize ecosystem development and growth. As Monad continues to evolve, the token could be employed in various incentive programs aimed at attracting developers, fostering community engagement, and promoting the adoption of decentralized applications built on the Monad blockchain.

Monad Roadmap: Key Milestones

1. Foundation and Early Development (2022 - 2023):

  • Inception: Monad was founded in 2022 to address scalability issues in Layer-1 blockchains.

  • Core Development: Focused on building the Ethereum-compatible virtual machine, parallel execution framework, and MonadBFT consensus algorithm.

  • Testnet Preparation: Developed the testnet to validate network performance and gather feedback.

2. Testnet Launch and Optimization (2023 - 2024):

  • Public Testnet: Launched in late 2023, allowing developers to test dApps and smart contracts.

  • Refinements: Engaged the community, fixed bugs, and optimized the protocol based on testnet feedback.

3. Mainnet Launch (Q4 2024):

  • Final Preparations: Conducted security audits and performance optimizations.

  • Mainnet Launch: Scheduled for Q4 2024, enabling full-scale operation and deployment of the MONAD token.

4. Ecosystem Expansion (2025 and Beyond):

  • Growth: Focus on onboarding developers, fostering partnerships, and expanding the dApp ecosystem.

  • Innovation: Ongoing RD to enhance scalability, security, and features.

  • Adoption: Drive global adoption with a high-performance blockchain platform.

Monad's roadmap highlights its journey to becoming a leading Layer-1 blockchain, emphasizing scalability, performance, and Ethereum compatibility.






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MONAD supply and tokenomics

Circulating supply:-- MONAD
Total supply:-- MONAD
Max supply:0 MONAD
Market cap:--
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What is the development prospect and future value of MONAD?

The market value of MONAD currently stands at --, and its market ranking is #999999. The value of MONAD is not widely recognized by the market. When the bull market comes, the market value of MONAD may have great growth potential.

As a new type of currency with innovative technology and unique use cases, MONAD has broad market potential and significant room for development. The distinctiveness and appeal of MONAD may attract the interest of specific groups, thereby driving up its market value.

What will the price of MONAD be in 2025?
Based on MONAD's historical price performance prediction model, the price of MONAD is projected to reach $0.00 in 2025.
What will the price of MONAD be in 2030?
In 2030, the MONAD price is expected to change by +9.00%. By the end of 2030, the MONAD price is projected to reach $0.00, with a cumulative ROI of 0.00%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of MONAD and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is MONAD worth investing or holding? How to buy MONAD from a crypto exchange?

If you want to buy MONAD, the following information may be helpful for your investment decisions:
In the last 7 days, the price of MONAD has fallen by undefined%, leading to negative returns for most MONAD investors. The market is currently pessimistic about the price trend of MONAD.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether MONAD is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in MONAD or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of MONAD, if you want to buy or sell MONAD, you can consider Bitget for your trading needs. The best place to buy MONAD is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Monad has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Monad. Here's a step-by-step guide on how to buy Monad on Bitget.

How to get Monad through other methods?

Using cash to buy Monad is not the only way to obtain Monad. If you have the time to spare, you can get Monad for free.
Learn how to earn Monad for free through the Learn2Earn promotion.
Earn free Monad by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Monad airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Monad through Bitget Convert, Bitget Swap, or spot trading.

What is Monad used for and how to use Monad?

The use case of Monad may expand as the crypto market and the project itself develop. Currently, you can use MONAD to achieve the following goals:
Arbitrage by trading MONAD: Since MONAD is a frequently traded cryptocurrency, the price of MONAD is always fluctuating. Earn more MONAD by buying low and selling high on the exchange. Bitget spot market provides a variety of MONAD trading pairs to fully meet your needs.
Earn by staking MONAD: You can also generate income through financial management methods such as staking MONAD or lending MONAD. Bitget Earn offers a variety of financial products designed to help you earn more income from your MONAD.
Send or pay MONAD: If you want to give MONAD to your friends, a charity, or a fundraiser, or you want to pay someone with MONAD, you can quickly and easily send MONAD to the recipient through their payment address.
You can also go to the official website of the Monad project to learn more about the use cases of MONAD. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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