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Parallelized Ethereum Virtual Machines Promote Blockchain Efficiency and Scalability

Parallelized Ethereum Virtual Machines (EVMs) have emerged as a promising technology to boost the performance of blockchain networks by allowing for the simultaneous processing of multiple transactions. This parallel execution capability allows blockchains to achieve higher throughput, promoting wider adoption and use cases.

How Parallelized EVMs Work

Traditional EVMs process transactions sequentially, one at a time. This limits the number of transactions a blockchain network can accommodate per second. Parallelized EVMs bypass these limitations by executing multiple transactions concurrently using techniques like:

  • Multi-threading
  • Sharding
  • State channels

This parallel transaction processing approach offers benefits like: increased network performance, enhanced energy efficiency, and reduced transaction fees.

Advantages of Parallelized EVMs

Parallelized EVMs enable:

  • Higher throughput of up to 10,000 transactions per second
  • Lower latency for real-time applications like gaming and payments
  • More room for complex decentralized applications (dApps)
  • Compatibility with the Ethereum ecosystem for existing dApps

While directed acyclic graph (DAG) technologies also aim to solve scalability, parallelized EVMs offer superior smart contract capabilities and compatibility.

Networks Adopting Parallelized EVMs

Several networks are working on parallelized EVMs, including SEI Network v2, Neon EVM, and Monad. As @GJFlannery19 notes, networks like Solana, Aptos, and Sei already offer scale using parallelized chains.

The Road Ahead

Developers play a key role in maximizing the benefits of parallelized EVMs. Upgrades promise even higher throughput and compatibility with Ethereum. Overall, parallelized EVMs present a scalable and efficient future for blockchain technology.

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