GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout

Nibiru EVM to Transform Ethereum Capabilities for Tomorrow’s Web3

Tortola, British Virgin Islands, June 5th, 2024, Chainwire

Nibiru EVM execution boasts blazing-fast transaction speeds, scalability, and seamless integration for Ethereum developers, positioning Nibiru to drive mainstream adoption and innovation in Web3. 

Overcoming Ethereum’s Scalability Hurdles

Nibiru Chain, a pioneering smart contract ecosystem, introduces Nibiru EVM, a high-performance Ethereum Virtual Machine (EVM) execution environment, showcased in its latest v2 release.

Nibiru plans to scale beyond Ethereum’s current infrastructure, which is limited to approximately 20 transactions per second (TPS) and results in high fees during periods of congestion. These constraints hinder developers from building performance-intensive applications similar to the ones seen in Web2. Nibiru EVM surpasses these limitations by offering throughput exceeding 10,000 TPS even with just single-threaded execution.

To take the scaling and performance a step further, Nibiru plans to upgrade the network to process transactions with parallel optimistic execution, which is “targeted for release before the end of 2024,” according to Co-Founder of Nibiru, Unique Divine. This approach allows nodes to utilize extra hardware resources, pushing the boundaries on the network’s transaction handling capabilities.

Fueling Ecosystem Expansion and Enhanced Developer Experience

“Compatibility with Ethereum is a key driver for attracting liquidity and promoting ecosystem growth on Nibiru EVM. Launching a blockchain protocol is about building trust and showcasing real-world utility. Innovating and improving the EVM is a key part of our strategy,” explains Unique.

With Ethereum developers accounting for applications that make up over 90% of the total value locked (TVL) across smart contract ecosystems, Nibiru EVM significantly lowers barriers to entry and accelerates development timelines.

Nibiru EVM empowers developers with a robust, user-friendly environment that enables seamless interaction between Ethereum-based tokens and applications across multiple virtual machines. This multi-VM approach ensures fast transaction processing and a streamlined user experience.

Ethereum developers are able to deploy applications in a familiar EVM environment, reducing barriers to entry and accelerating development timelines, whilst also reaping the benefits of parallel optimistic execution and instant finality.

Nibiru in Early Innings

Since its mainnet launch in March 2024, Nibiru has supported Wasm (Web Assembly) smart contracts written in the Rust programming language. The introduction of Nibiru EVM promises developers an EVM-compatible execution environment that is both highly performant and scalable. Positioned to play a crucial role in the future of decentralized applications, Nibiru is driving innovation and setting the stage for mainstream adoption.

About Nibiru

Users can stay up-to-date on the latest news or engage with Nibiru by visiting the Community Hub. Users can find the official web application and information on user guides, block explorers, and upcoming governance and improvement proposals. 

Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, and value accrual.

ContactPR & Media [email protected]

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Latest Press

post-thumbnail
News
5 hours ago
Dogecoin (DOGE) Poised for Massive Rally? Bullish Pattern Spotted 
The post Dogecoin (DOGE) Poised for Massive Rally? Bullish Pattern Spotted  appeared first on Coinp...
READ MORE
post-thumbnail
News
5 hours ago
Shiba Inu, FXGuys, and ONDO — Which One Holds the Strongest Growth Potential?
The post Shiba Inu, FXGuys, and ONDO — Which One Holds the Strongest Growth Potential? appeared fi...
READ MORE
post-thumbnail
News
5 hours ago
Ethereum Price Prediction 2025: Standard Chartered’s Shocking Forecast—Is ETH in Trouble?
The post Ethereum Price Prediction 2025: Standard Chartered’s Shocking Forecast—Is ETH in Troubl...
READ MORE
post-thumbnail
News
5 hours ago
Cardano Eyes $4 Amid Crypto Reserve Hype, But DuragDoge’s Explosive Growth Has Traders Rethinking Their Bets!
The post Cardano Eyes $4 Amid Crypto Reserve Hype, But DuragDoge’s Explosive Growth Has Traders Re...
READ MORE
post-thumbnail
News
5 hours ago
Best Crypto Presales: 2 Promising Crypto Launches to Watch
The post Best Crypto Presales: 2 Promising Crypto Launches to Watch appeared first on Coinpedia Fint...
READ MORE
post-thumbnail
News
5 hours ago
Market Data Reveals 4 Cryptocurrencies Poised for Gains This Week
The post Market Data Reveals 4 Cryptocurrencies Poised for Gains This Week appeared first on Coinped...
READ MORE
post-thumbnail
News
5 hours ago
Solana (SOL) Recovers Slightly; BinoFi (BINO)’s Cross-Chain Capabilities Attract Developer Interest
The post Solana (SOL) Recovers Slightly; BinoFi (BINO)’s Cross-Chain Capabilities Attract Develope...
READ MORE
post-thumbnail
News
5 hours ago
Why This New Solana Meme Coin Could Surpass Bonk and Floki in 2025
The post Why This New Solana Meme Coin Could Surpass Bonk and Floki in 2025 appeared first on Coinpe...
READ MORE
post-thumbnail
News
5 hours ago
This Low-Cost Cryptocurrency Could 50x Your Investment – Here’s Why Analysts Are Bullish on This Token
The post This Low-Cost Cryptocurrency Could 50x Your Investment – Here’s Why Analysts Are Bullis...
READ MORE
post-thumbnail
News
5 hours ago
Top Crypto Presales of 2025: Emerging Blockchain Projects Poised for Growth
The post Top Crypto Presales of 2025: Emerging Blockchain Projects Poised for Growth appeared first ...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started