How to Build the Fastest Onchain Experience With Monad, Sei, and Eclipse - Ep. 694
Episode publishedPodcast: UnchainedUnchained
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Hi, everyone. Welcome to Unchained, your no hate resource for all things crypto. I'm your host, Laura Shin, author of the Cryptopians. I started covering crypto 9 years ago and as the senior editor at Forbes was the 1st mainstream media partner to cover cryptocurrency full time. This is the August 27, 2024 episode of Unchained. Get ready for the world's largest crypto event, token 2049 Singapore, September 18th to 19th. Balaji Srinivasan, Richard Tang, Arthur Hayes, and 300 others will hit the stage joining 20,000 attendees. Visittoken2049.com for 15% off with the code unchained. Link in the d
for having me, Laura.
Monad is an Ethereum virtual machine compatible blockchain that features what is being called a pipelined architecture that enables a high throughput of 10,000 transactions a second, and it also has one second block times. So tell us how Monad got started and what problem you were trying to solve with it.
MONAD started in the beginning of 2022. There are 3 cofounders, Eunice Guiarda, James Hunsaker, and myself. So James and I are former coworkers from jump trading. We worked together for about 8 years building performant trading systems and then spent a little bit of time in the crypto team at Jump, mostly working on Solana Defy, when we realized that there was a need for much more performant EVM execution and decided to leave jump and start Monad along with the 3rd cofounder, Eunice Guiarda, who has a technical product management background. And
when you were saying a more performant EVM, you just mean, like, faster? Or what were some of the other things you wanted to try to push forward?
Yeah. The core focus of Monad is to get the maximal performance out of really minimal hardware. And in order to do that, we need to build new software from the ground up, and introduce new architectural improvements. So kind of the premise of Monad is stacking 4 major improvements on top of each other that each have a bit of a multiplier effect on the overall efficiency of the system. And by stacking those together, we can deliver, really exceptional performance. And
what are those features?
Right. Just to mention them really quickly from sort of lowest level to highest level, within the stack, those improvements are a custom state database for storing Ethereum Merkle tree data natively on SSD and enabling much more efficient access to that state, utilizing all of the capabilities of the SSD. The second improvement is optimistic parallel execution for running many transactions in parallel while still ultimately getting to the same end state as if those transactions were run serially. The third improvement is asynchronous execution, which is creating separate swim lanes between con
Okay. So I think the part that probably a lot of people might have questions about is parallel processing. Just saying that immediately sparks the question of, for instance, how you would keep DeFi composability while having parallel processing. Yeah.
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