Monad Crypto: A Guide To Investing In The Project

Monad is a layer 1 blockchain with a high transaction speed of 10,000 transactions per second and low hardware requirements. It is a new layer 1 blockchain that brings asynchronous, parallel execution to Ethereum Virtual Machine (EVM) transactions. Monad is an application-oriented digital bank that expands digital banking to cryptocurrencies by creating a safe environment for investment. If you want to invest in Monad, you can buy it instantly from crypto exchanges like DEX. However, it is important to note that Monad is a blockchain asset with high risk, and it is recommended to carefully study the crypto information before investing.

Monad's blockchain technology

Monad is a Layer 1 blockchain that aims to improve upon the issues faced by current layer 1 protocols. It is designed to be the most efficient chain in the world while also being 100% compatible with the Ethereum Virtual Machine (EVM). Monad will employ the proof-of-stake consensus mechanism, allowing projects on the Monad blockchain to interact with the EVM software platform and enabling developers to create interoperable decentralised applications on the Ethereum network.

Monad also introduces MonadDB, a custom database for storing blockchain state that uses the Patricia Trie data structure, both on-disk and in-memory, reducing hardware requirements. By storing most of the state on SSD instead of RAM, MonadDB significantly reduces RAM requirements and the cost of running a node, creating a clear path to scalable decentralisation.

The Monad blockchain will set industry standards for speed, transparency, security, and scalability, offering a highly performant base layer that gives application developers a high degree of composability and real-time censorship resistance in the name of scalability.

Monad vs. Ethereum

Monad is a layer-1 blockchain that aims to be the next "Ethereum killer". Ethereum, as the original smart contract blockchain, still holds the majority of the market share among layer-1 projects. However, there have been several new blockchains that are looking to improve on Ethereum's processing time, fees, and scalability. Some of these "Ethereum Killers" include Cardano, Solana, Avalanche, Algorand, and Internet Computer.

Monad introduces optimizations in four major areas, resulting in a blockchain with a throughput of 10,000 transactions per second. These improvements address existing bottlenecks while preserving compatibility for application developers (full EVM bytecode compatibility) and users (Ethereum RPC API compatibility). As a result, the rich landscape of Ethereum tooling and applied cryptography research can plug seamlessly into Monad while benefiting from improved throughput and scale.

The Monad blockchain will employ the proof-of-stake consensus mechanism and will be Ethereum Virtual Machine (EVM)-compatible. Projects on Monad will be able to interact with the EVM software platform, where developers from many other blockchain projects also create interoperable decentralized applications on the Ethereum network.

"We redesigned the EVM execution system from the ground up to allow non-overlapping transactions to be run in parallel," said Eunice Giarta, co-founder and chief operating officer of Monad Labs. "Together, these improvements massively improve the system throughput, allowing the system to scale to many more users and applications."

Monad's safety and security

Monad's security framework is multifaceted and robust, employing a combination of strategies to ensure the safety of its users' assets. Firstly, Monad addresses the issue of expensive security measures on Ethereum, which often leads to developers foregoing additional safety checks to minimise gas costs. Monad achieves this by substantially reducing the cost of gas, making current gas optimisations unnecessary and allowing developers to focus on building secure apps.

Monad's core security lies in its unique consensus algorithm, MonadBFT, which enhances transaction integrity and reliability. This is complemented by advanced execution strategies such as deferred and parallel execution, which improve efficiency, scalability and security by minimising potential attack vectors. Deferred execution reduces the immediate load on the network, mitigating congestion and associated vulnerabilities, while parallel execution allows multiple transactions to be processed simultaneously, increasing throughput without compromising security.

Monad also leverages MonadDb, a specialised database solution that supports the network's high-performance requirements, ensuring data integrity and security. This database management system is crucial for maintaining a secure and resilient blockchain infrastructure. Monad's architectural design incorporates layered frameworks, robust security protocols, and high encryption standards, further bolstering its security posture.

Additionally, Monad's compatibility with Ethereum Virtual Machine (EVM) bytecode and the Ethereum Remote Procedure Call (RPC) API allows it to benefit from the extensive security measures already established within the Ethereum community. This strategic compatibility ensures a seamless transition for developers and users, providing access to a wide range of applications, tools, wallets and analytics services within the Ethereum ecosystem.

In summary, Monad prioritises security through innovative consensus mechanisms, efficient execution models, robust database management, and strategic alliances with established platforms like Ethereum. These measures collectively contribute to a secure and resilient network infrastructure, safeguarding users' assets and fostering confidence in Monad's blockchain technology.

How to buy Monad

Monad is a blockchain asset with high risk. Before investing, it is important to carefully study the crypto information. Monad can be bought instantly from crypto exchanges like DEX. The confirmation time depends on the gas price—submitting with a low gas price may result in a longer transaction time.

If you plan to hold on to Monad for the long term, it is important to consider security. While keeping Monad in a wallet provided by a top exchange is safer than before due to improved security techniques, these wallets are always online ("hot wallets") and are therefore vulnerable to hacking. Exchange shutdowns may also cause the loss of funds.

The safest way of storing Monad is to use a "cold wallet", which is totally offline. There are two types of cold wallets: paper wallets and hardware cold wallets. A paper wallet involves using a program to randomly generate a public and private key offline, which you can then print and store in a secure place. The keys can be printed in the form of QR codes, which can be scanned for future transactions. A hardware wallet is a physical device, such as a USB drive, that stores your crypto addresses and keys. Only the person who possesses the hardware wallet can access the assets. Most people prefer to use hardware cold wallets, especially for storing a large number of coins or tokens.

Another way to buy Monad is via P2P (peer-to-peer). Monad can be purchased in any amount, but in most crypto exchanges, you should buy any amount starting from $5 upwards.

Monad's investment platform

Monad is an application-oriented digital bank that aims to expand digital banking to cryptocurrencies by creating a safe environment for investment. Monad's investment platform has created a win-win deal between the bank and its customers by creating a legal and safe environment for public investment. Monad ensures the safety of its customers' funds and security information by insuring all funds in the liquidity pool and employing an experienced team to protect their customers' security information.

Monad also offers its customers a way to increase their daily income by referring friends to the Monad investment platform and creating a network of referrals. Customers can earn up to 2% from direct referrers and 1% from referrers of their referrals.

In addition to its referral program, Monad offers another way of generating income through its platform. Customers can register and deposit a minimum of $100, and their money will be doubled in just 30 days.

Monad also provides a way for customers to stay up-to-date with the latest news and engage with other users. They can follow Monad on social media and join their group on the Telegram channel to exchange opinions and connect with other members of the Monad community.

Monad is also committed to helping foster a thriving ecosystem by supporting visionaries and creators who will shape the future. They have launched two key programs: Mach: Monad Accelerator and Monad Madness, a global pitch competition. These programs offer resources such as mentorship, grants, and fundraising support to help bring new startups to life and supercharge the journey of ambitious founders building in the Monad ecosystem.

Overall, the Monad investment platform offers a range of features and opportunities for those looking to invest in cryptocurrencies and connect with a community of like-minded individuals.

Frequently asked questions