MonadScan: Exploring Monad's High-Performance Blockchain
Etherscan, a leading blockchain explorer and analytics platform, is expanding its Explorer as a Service (EaaS) offerings to include support for Monad. This collaboration will provide users with comprehensive tools to explore and analyze Monad's blockchain data, including transactions, addresses, and tokens.
Access MonadScan Testnet Explorer: testnet.monadscan.com
Monad is a high-performance, Ethereum-compatible Layer 1 (L1) blockchain designed to offer both compatibility and performance. Its testnet allows developers and users to experience its advanced features firsthand.
Key Features of Monad Testnet:
- High Throughput: Monad aims to process up to 10,000 transactions per second (TPS), significantly surpassing Ethereum's current capabilities.
- Low Latency: With block times of approximately 0.5 seconds and single-slot finality within 1 second, transactions achieve rapid confirmation.
- EVM Compatibility: Developers can seamlessly deploy existing Ethereum-based applications to Monad without extensive modifications, leveraging full Ethereum Virtual Machine (EVM) bytecode compatibility.
- Parallel Execution: Monad employs optimistic parallel execution, allowing multiple transactions to be processed simultaneously, enhancing network efficiency.
- Low Transaction Fees: The platform is designed to offer near-zero gas fees, making it cost-effective for users and developers.
Participating in the Monad Testnet:
- Set Up a Compatible Wallet: Use wallets like Phantom, MetaMask, or other EVM-compatible wallets.
- Get Testnet Tokens: Access the official Monad Testnet Faucet to request testnet MON tokens.
- Explore dApps: Engage with decentralized applications available on the testnet to experience Monad's capabilities. Find a list of featured apps in https://testnet.monad.xyz/
Swapping MON to USDT on Monad testnet
The Monad Testnet serves as a robust environment for testing and refining decentralized applications, contributing to the evolution of scalable and efficient blockchain solutions.
