# Monad 💜

**Published by:** [Nikita [HiddenGem]](https://paragraph.com/@fil4ansky/)
**Published on:** 2023-01-23
**URL:** https://paragraph.com/@fil4ansky/monad

## Content

Gmon. 💜 (short entry) Today i would like to share with you my finding - @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. 🔥 We don't know enough about Monad, but i'll tell you what i've known.GoalsMain 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: • Asynchronous execution (separating execution from consensus) • Parallelization of execution • Intelligent transaction sequencing • Optimized contract/state storage • Compiler optimizationswho'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. 💜

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