# Monad ๐Ÿ’œ By [fil4ansky.eth](https://paragraph.com/@fil4ansky.eth) ยท 2023-01-23 --- Gmon. ๐Ÿ’œ (short entry) Today i would like to share with you my finding - [@monad\_xyz](https://twitter.com/monad_xyz) These guys are building an EVM-compatible L1 with parallel and asynchronous execution of smartcontracts. And yes, that is 1,000x faster than Ethereum. ๐Ÿ”ฅ We don't know enough about Monad, but i'll tell you what i've known. ### Goals Main goal of Monad - build hyperefficient trustless shared global state. They are going to make it through lots of optimizations & improvements at the low and high levels. Some of these improvements: โ€ข Asynchronous execution (separating execution from consensus) โ€ข Parallelization of execution โ€ข Intelligent transaction sequencing โ€ข Optimized contract/state storage โ€ข Compiler optimizations ### who's behind it? The team ex-Jump Crypto engineers that built low-latency trading and research systems, they have strong knowledge of smart contract development and blockchain protocols as well. So, the team have a taste in interacting with the community also. Discord is closed yet, you have to be useful to get access on it. And that's all for today, gn. ๐Ÿ’œ --- *Originally published on [fil4ansky.eth](https://paragraph.com/@fil4ansky.eth/monad-๐Ÿ’œ)*