Monad Explained: Tech Stack, Airdrop & More

What is Monad?

Monad is a high-performance Layer-1 blockchain set to redefine scalability in 2024. Capable of 10,000 transactions per second (TPS), it drastically outpaces Ethereum’s 12 TPS and even surpasses Solana’s average of 1,500 TPS. With sub-cent gas fees and low hardware requirements, Monad offers a cost-efficient, scalable solution for decentralized applications.

Monad’s edge lies in its deep optimization across the blockchain stack. Featuring MonadBFT for faster consensus and parallel execution, it maximizes throughput without compromising decentralization.

Backed by $225 million from investors like Paradigm, Electric Capital, and Coinbase Ventures, Monad enables developers to easily port their Ethereum dApps, delivering major performance gains while maintaining full EVM compatibility.

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What is Monad’s Tech Stack?

Monad’s tech stack is designed for speed and efficiency, with innovations that optimize performance at every level. At its core is MonadBFT, a custom consensus mechanism based on HotStuff, which cuts down communication phases and delivers one-second finality per block. This makes Monad fast without sacrificing decentralization.

A key feature is Parallel Execution, which processes multiple transactions at once to boost throughput. Paired with Deferred Execution, which separates consensus from execution, Monad maximizes resource use and significantly increases its transaction capacity.

To keep things running smoothly, MonadDB optimizes state storage and retrieval, using SSDs instead of expensive RAM for better performance and lower costs. With full EVM compatibility, Monad offers a high-performance Layer-1 solution that’s both powerful and easy to adopt for developers.

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Monad Mainnet Release Date

Monad’s mainnet is set to launch some time in Q4 this year, following its successful Devnet phase. The team has already proven the network can handle 10,000 transactions per second and is now focused on fine-tuning the blockchain.

After wrapping up the public testnet, they’re gearing up for the highly anticipated mainnet release, bringing their Ethereum-compatible Layer 1 blockchain to the world.

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Monad Airdrop

While specific details are still under wraps, Monad is likely planning an airdrop of its native tokens following its $225 million raise. 

To qualify, you'll need to actively participate in their community. Join their Discord and Twitter, contribute meaningfully to discussions, and complete offchain tasks. Engaging in events, creating content, and staying involved could boost your chances of being included in the airdrop.

No set date has been announced, so keep an eye on official channels for updates and avoid scams during the process.

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Can I Buy Monad Tokens? 

Right now, Monad tokens aren’t available to the public, either on-chain or through centralized exchanges, and the tokenomics have not been discussed yet. The only way to get in on Monad is as an institutional investor, by purchasing a Simple Agreement for Future Tokens (SAFT) from an early round investor. 

These types of deals usually happen on private OTC platforms like OffX, but keep in mind, ticket sizes typically start at $500,000 or more.

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Bottom Line

In short, Monad is gearing up to be a serious contender in the Layer-1 space. With 10,000 TPS, sub-cent gas fees, and full EVM bytecode compatibility, it’s designed for high throughput and cost efficiency. Its tech stack, featuring MonadBFT for fast consensus, parallel execution, and optimized state storage via MonadDB, sets it apart from other blockchains. 

As the mainnet approaches in Q4, developers and investors should keep an eye on this network’s performance and potential for disrupting the current Layer-1 leaders.