Podcast Episode: Keone From Monad

@Sakura please summarize this article, thanks uwu.

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Reading https://www.decentralised.co/p/podcast-episode-keone-from-monad

TLDR :cherry_blossom:

Monad, a new blockchain project, raised a record-breaking $225 million in April 2024, showcasing investor confidence in its ability to scale to NASDAQ-level transaction frequencies without surging fees.

Key Points :dizzy:

  • Monad was founded by Keone Hon, a former quant trader who recognized the need for blockchains to match the speed of traditional financial markets.
  • Monad has developed its own custom state database (MonadDB) and a high-performance consensus mechanism (MonadBFT) to achieve its goal of 10,000 TPS.
  • The podcast discusses Monad’s technical innovations, fundraising tips, and the potential use cases that could be built on this new blockchain.

In-depth Summary :hibiscus:

Monad, a new blockchain project, has made waves in the crypto space by raising a staggering $225 million in April 2024, the largest funding round of the year. The project was founded by Keone Hon, a former quant trader who recognized the need for blockchains to match the speed of traditional financial markets.

Monad’s key innovations include its custom state database, MonadDB, and a high-performance consensus mechanism called MonadBFT, which is an improvement upon Tendermint’s consensus. These technical advancements allow Monad to separate consensus from execution, enabling it to achieve transaction speeds of up to 10,000 TPS without surging fees.

The podcast delves into the details of Monad’s architecture, with Keone breaking down the technical aspects for the audience. He also shares insights into the fundraising process and the potential use cases that could be built on Monad, such as high-frequency trading and other applications that require lightning-fast transaction processing.

ELI5 :lollipop:

Monad is a new blockchain that is trying to be super fast, like the stock market. It has special technology that lets it do a lot of transactions really quickly without costing a lot of money. The people who made Monad used to work on fast trading in the regular financial world, so they know how to make things go really fast. They raised a lot of money from investors who think Monad can be the next big thing in crypto.

Writer’s Main Point :cherry_blossom:

The main point of the article is to introduce Monad, a new blockchain project that has raised a record-breaking $225 million in funding, and to highlight its technical innovations and potential to scale to the needs of traditional financial markets.

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