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Bitalk News|Feb 14, 2025 07:24
🐰 After the NFT is released, MegaETH will launch a public testing network within 21 days.
@Megaeth_1abs is an Ethereum L2 project that has raised 30 million and received investment from Vitalik, aiming to build a "real-time blockchain that benchmarks Web2 performance".
Let's talk about this tweet:
🔸 What exactly does MegaETH want to do?
🔸 Real time blockchain, how is a "real-time" method?
🔸 So, how does MegaETH achieve "real-time" performance?
🔸 Which MegaETH ecosystem projects are worth paying close attention to?
🧐 What exactly does MegaETH want to do?
MegaETH has always emphasized the need to create a "real-time blockchain", which can be simplified as a "blockchain with Web2 performance": you interact with applications on the chain as smoothly as using a mobile app, without any lag.
This certainly places high demands on the performance of the chain.
At present, among all Layer2, opBNB's performance can be said to be among the top, but it still falls far short of the "Web2 performance".
For example, opBNB can support 650 Uniswap transactions per second and 3700 ERC20 token transfers per second.
However, the current Web2 database server can already support 1 million transactions per second.
Due to this performance limitation, many applications that require real-time response cannot be built and run on the chain, such as real-time gaming and high-frequency financial transactions.
And what MegaETH wants to do is to become a "real-time blockchain" to support the most complex and real-time responsive applications.
🌀 Real time blockchain, how is a "real-time" method?
So, how do we determine if blockchain is "real-time"?
MegaETH conducted a comparison of transaction completion speed between Ethereum, Base, and Monad.
The results show that even the currently considered fastest Base can make users feel "not smooth enough" and "their thought flow is interrupted" during transactions.
Comparing with blockchain may not be intuitive enough, and MegaETH claims to benchmark against "Web2 performance", so it also needs to be compared with Web2 applications.
According to the data provided, MegaETH has a fast transaction processing speed with an execution time of less than 0.1 seconds, which is close to the response speed of Google search.
Simply put, as a 'real-time blockchain', MegaETH aims to achieve this' instant feedback ':
You submit the transaction, and the chain immediately completes the execution and quickly returns the result to you, with almost no delay felt throughout the entire process.
🐰 So, how does MegaETH achieve "real-time" performance?
MegaETH claims to push blockchain performance to its limits, enabling the network to process 100000 transactions per second.
The secret behind this is' node specialization '.
In traditional L2, all network nodes need to perform the same tasks, such as computation, validation, and data storage.
MegaETH improves performance through "division of labor", where different nodes are responsible for different tasks: some nodes do transaction sorting, others do verification, and still others do data storage.
Different node tasks naturally require different hardware performance:
For example, the Prover node only needs to verify transactions, so the hardware requirements are very low; And the sorter is responsible for sorting user transactions, so the hardware requirements are very high.
The following image vividly illustrates the balance between "decentralization level" and "hardware performance" of MegaETH.
🎩 Which MegaETH ecosystem projects are worth paying close attention to?
Mega Mafia is an accelerator program for MegaETH, and the selected projects are all building applications that require real-time response.
These projects can be said to be the "signature" of MegaETH, perhaps worth keeping an eye on.
We have listed the Mega Mafia selected projects here:
▪️ An on chain lending market that provides order book efficiency @ avon_xyz
▪️ An application for creating 3D galleries using NFTs @ oncyber
▪️ Stable Coin Protocol with Adaptive Returns @ CapLabs_
▪️ Derivatives trading platform @ Euphoria_fi
▪️ Online museum for preserving 3D models of human architecture @ Funes-World
▪️ Aiming to become the fastest decentralized DEX, @ GTE.XYZ
▪️ Decentralized VPN Protocol @ HoP_Network
▪️ Chain events, community management, and CRM platform @ Lemonade_events
▪️ On chain AI companion @ TryNectarAI
▪️ On chain attention market for trading trends @ noise_xyz
▪️ A live interactive game show app @ pomppartyapp that can accommodate millions of Web2 users
▪️ Chain based collectible card game @ Showdown_TCG
▪️ Let the audience make real-time bets and predict the @ trysweep of game anchors
▪️ Real time currency market @ tekofinance
▪️ Perpetual Contract Exchange @ valhallaperps
The above is an introduction about MegaETH. If you find it helpful, please like it
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