# thao2000

> 2222

## Recent Posts

- [Monad Labs' testnet is an important part of their blockchain system development. Here are some detailed information about the testnet:

Token Name: Monad Labs revealed the name of the token in newly released technical documents, providing background information on how the Monad blockchain works, ahead of the testnet launch in Q4.
Optimizations: Monad introduces optimizations in four key areas, resulting in a blockchain capable of processing 10,000 transactions per second (tps): MonadBFT, Deferred Execution, Parallel Execution, and MonadDb2.
Compatible: Monad's testnet will be compatible with Ethereum, allowing application developers and users to use Ethereum's tools and services seamlessly2.
Testnet Launch: Monad's public testnet is expected to launch mid-Q2 2024, with mainnet launch planned later in year3.
Instructions for Use: Once the testnet goes live, users will be able to add a suitable RPC URL and ChainId to their Ethereum compatible wallet and start using Monad like any other Ethereum compatible network4.
These are up to date and provide an overview of what you can expect from the Monad Labs testnet.](https://paragraph.com/@duongthao/monad-labs-testnet-is-an-important-part-of-their-blockchain-system-development-here-are-some-detailed-information-about-the-testnet-token-name-monad-labs-revealed-the-name-of-the-token-in-newly-released-technical-documents-providing-background-information-)
- [Monad Labs has exciting and ambitious future development plans. Here are some highlights from their plan:

Layer 1 Blockchain Development: Monad Labs is building a new Layer 1 blockchain to compete with Ethereum and Solana, with the goal of providing an environment compatible with Ethereum but faster12.
Increased Processing Speed: They are looking to provide faster EVM (Ethereum Virtual Machine) processing, with their testnet able to process around 10,000 transactions per second2.
Performance Optimization: Monad has rewritten the blockchain source code, introducing techniques such as parallel execution to optimize performance at every level of the protocol2.
Mainnet Launch: Their mainnet launch plan is expected in late 2024 or early 20253.
Internal Token Issuance: Monad also intends to introduce an internal token in the future4.
These plans show that Monad Labs is making continuous efforts to accelerate the development of the blockchain ecosystem and create new breakthroughs in cryptocurrency technology.](https://paragraph.com/@duongthao/monad-labs-has-exciting-and-ambitious-future-development-plans-here-are-some-highlights-from-their-plan-layer-1-blockchain-development-monad-labs-is-building-a-new-layer-1-blockchain-to-compete-with-ethereum-and-solana-with-the-goal-of-providing-an-environ)
- [Monad Labs has published a number of articles and press releases recently. Here are some highlights:

CoinDesk reported on Monad Labs raising $225 million in a funding round led by Paradigm1. The funds will help develop a faster version of the Ethereum blockchain, compatible with existing DeFi applications.
Yahoo Finance also reports that Monad Labs is in discussions to raise more than $200 million in funding, valuing the company at $3 billion2.
PitchBook mentioned Monad Labs when the company achieved “unicorn” status with its $225 million fundraising, which is the largest fundraising round in the crypto industry of 20243.
On Medium, there is an interview with Keone Hon, CEO and co-founder of Monad Labs, where he discusses EVM4 optimization.
An article analyzing the Monad ecosystem and the future of the project was also published, talking about important milestones such as the launch of testnet and mainnet, as well as collaborations to enhance interoperability and reliability. reliability of data5.
You can read these articles to get a deeper look at the work and development progress of Monad Labs.](https://paragraph.com/@duongthao/monad-labs-has-published-a-number-of-articles-and-press-releases-recently-here-are-some-highlights-coindesk-reported-on-monad-labs-raising-225-million-in-a-funding-round-led-by-paradigm1-the-funds-will-help-develop-a-faster-version-of-the-ethereum-blockcha)
- [Monad Labs is an innovative technology company, specializing in the development of leading blockchain solutions. They focus on building a blockchain platform that uses fundamental engineering principles to create a high performance-oriented architecture and design. Monad Labs is committed to pursuing continuous research and relentless development of leading blockchain innovations1. Their first product, M1, is a Layer 1 blockchain, offering high TPS, instant finality, native liquidity access, and customizable features2. With the goal of becoming the leading blockchain solution, Monad Labs constantly strives to create new breakthroughs in the field of cryptocurrency technology.](https://paragraph.com/@duongthao/monad-labs-is-an-innovative-technology-company-specializing-in-the-development-of-leading-blockchain-solutions-they-focus-on-building-a-blockchain-platform-that-uses-fundamental-engineering-principles-to-create-a-high-performance-oriented-architecture-and-)
- [Hold bTC](https://paragraph.com/@duongthao/hold-btc)

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