smart contract“Nibiru opens the door for Ethereum-based tokens and applications to benefit from fast transaction processing and further streamlines user experience without the compromises of other scaling solutions,” Nibiru co-founder Unique Divine told Decrypt.Developed by Google, JP Morgan, and Tendermint ex-contributors, the Nibiru EVM “overcomes Ethereum’s limitations,” claiming to deliver speeds of over 10,000 TPS solely on single threaded execution. The Nibiru team aims to further its ability to scale with parallel optimistic execution, which is projected to go live as early as Q3 2024.“Nibiru’s parallel optimistic execution leverages additional cores available to full nodes to process transactions simultaneously, overcoming vital scalability concerns experienced by many blockchain networks,” a spokesperson for the project told Decrypt.EthereumEVM-based applications account for over 90% of on-chain value locked across all smart contract ecosystems. Nibiru’s custom EVM execution “gives developers the ability to build and deploy applications in a familiar environment with a lower barrier to entry,” said a project spokesperson, extending Nibiru’s core Wasm (WebAssembly) functionality with the extensive user base and developer community of Ethereum.DeFiSlated for mainnet launch in the second half of 2024, Nibiru EVM will come to life in Nibiru v2, publicly released for alpha testing on May 28.For more information, head to Nibiru Chain’s official site, Twitter, GitHub and Community Hub.Sponsored post by Nibiru ChainLearn More about partnering with Decrypt.
