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Author: Techandtips123 Source: Binance Translation: Shan Ouba, Bitchain Vision Realm
Parallel EVM is a way to make the Ethereum network faster and more efficient by running multiple transactions at the same time.
In order to explain parallel EVM in a simple way, suppose you have some jobs to do (for example -cook for your party).Therefore, you call your friends to share work, A goes to the market with things, B arranges tableware and other things, C cuts vegetables and things, and D cooks.Therefore, it is better to rely on one person to share the work to 4 people, which can reduce time and improve efficiency.
How to work in parallel EVM?
The idea of parallel EVM is similar to the idea of cooking, and it uses a computer and code.Ethereum Network is like your party cooking. Many people are dealing with different transactions that constitute blockchain.Each transaction has specific functions or purposes, such as remittance or creating tokens.The network distributes each transaction to a staff member who can execute on the Ethereum virtual machine (EVM). The virtual machine is like a computer program running on the blockchain.The staff then sent the result back to the network and combined into the last block in the network.
However, sometimes the transaction volume is too large, and a person cannot handle it alone.This will slow down the network speed and make it harder to use it.This is the reason why the parallel EVM is created: allowing multiple people to handle different affairs at the same time.In this way, the network can handle more transactions in a shorter time and reduce congestion and costs (troubles and time in the real world).
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Parallel EVM Challenge
Parallel EVM is not easy to achieve or maintain.It requires unique design and testing to ensure that everything can work well.There are also some challenges and weighing that need to be considered.For example:
• Parallel EVM may increase the risk of conflict between interdependence transactions.Parallel EVM may need to run its network nodes to provide more resources.
The parallel EVM may affect some functions or applications that depend on the order of dependence.The parallel EVM is still the experimental function of some projects in the Ethereum ecosystem.
? It may not be available or stable for everyone.But if it is widely used and improved, it can make Ethereum faster and more efficient for everyone.
Top parallel EVM project
? $ BE-SEI network ($ 0.30)
In the SEI blockchain, the verifications receive the block and update the network status.They follow a specific operation order: Beginblock, Delivertx, and EndBlock.These operations can be customized.In SEI, parallelization is used to improve the performance during transaction processing.
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? NEON -Neon EVM (0.82 $)
Neon EVM is an Ethereum virtual machine that runs as a smart contract on Solana.It enables developers to directly deploy Ethereum DAPP without changing the code. At the same time, it benefits from Solana’s technical advantages, and all construction is based on security, decentralization and sustainability.
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? Monad-tokens to be determined
Monad is an innovative L1 smart contract platform that marks the birth of a new generation of blockchain expansion technology.It provides a fast transaction processing function, which can process up to 10,000 transactions per second, and the block time is only one second, which is completed immediately.
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Why is the parallel EVM attracted attention
Due to the heat of the inscription, the main network was interrupted, and the transaction costs soared.However, SEI remains stable.
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Parallel EVM can handle multiple transactions at the same time, which means that more users can interact with the Internet at the same time.This can enhance user experience and reduce network congestion.
Parallel EVM can verify and complete transactions faster than sequential execution, which means that users can see their transactions reflected on the blockchain without waiting for a long time.This can also reduce GAS costs and improve safety.
The parallel EVM is indeed a big leap in the blockchain field.If it is properly implemented, it can reduce the G AS fee and reduce network interruption to some extent, just like what we see in the main L1 and L2 inscriptions legend.This statement is very fresh and requires appropriate attention.Before investing in this field, please be sure to do a good job.
