MegaETH: The New EVM Blockchain Backed by Vitalik Buterin That Could Soon Airdrop a Token

MegaETH is a new EVM blockchain designed by Megalabs and could soon represent one of the most interesting crypto airdrops to farm.

MegaETH is a new EVM blockchain designed by Megalabs and could soon represent one of the most interesting crypto airdrops to farm.

Megalabs is a company founded at the beginning of 2023 with the aim of bringing Ethereum scalability to new goals.

In particular, the objective is to bring the network to a throughput equal to or greater than 100,000 TP/s.

The project is supported by Kong, former head of development at Consensys, and by Yilong Li, former employee at the software company Runtime Verification Inc 

Among the angel investors, we also find the presence of an emblem of the Ethereum Foundation: none other than Vitalik Buterin!

Despite the MegaETH testnet not being active yet, speculation is already beginning about the possibility of a crypto airdrop to the chain’s users. 

Let’s see all the details below.

What is the EVM MegaETH blockchain

MegaETH is a new EVM blockchain that inherits the security of Ethereum, focused on achieving maximum scalability of transactions.

Until today, no cryptographic network has managed to surpass the threshold of 10,000 TP/s, highlighting the difficulty of decentralized networks in competing with traditional payment infrastructures.

MegaETH aims to increase the throughput power to 10 times that value, reaching 100,000 TP/s with a remarkable computing capacity (even though it would be more accurate to talk about gas consumed per second).

The project is defined as “the first real-time blockchain” precisely because it aims to be able to process transactions and publish updates instantly.

According to the project team, thanks to these innovations it will be possible to bring the performance of traditional web2 servers into the web3 industry.

Today marks a significant milestone in our mission to unlocking humanity’s potential with fully on-chain, interactive and sophisticated applications. The crypto economy is here.

Welcome to the first Real-Time Blockchain

https://t.co/Zj4FqLDDrA pic.twitter.com/MZ5yEFdP7O

MegaETH presents a heterogeneous on-chain architecture and an execution environment compatible with the Ethereum Virtual Machine “hyper-optimized”.

Its main feature is that it allows nodes to specialize in different hardware configurations and specific activities.

This allows to go beyond the expected scalability limits and significantly increase the latency of the structural components.

From a more technical point of view, we can distinguish 3 types of nodes that support the infrastructure of MegaETH, namely sequencer, prover, and full node.

Each node has its specific task: the sequencer is responsible for the ordering of transactions and their publication within the blocks.

The prover creates a computational proof related to the passage of the sequencer and finally the full node confirms the state of the network updated based on the shared information.

These latter do not directly execute transactions, but only confirm the so-called “storage state diffs”.

However, the ultra-optimized approach of MegaETH cannot help but encounter some limits in its path to maximizing scalability.

In fact, according to experts, at the current state, the blockchain would encounter problems in synchronizing new nodes that have to download the entire history of the blockchain.

Furthermore, even the RPC provider, that is, those infrastructures that offer a crypto interface “Remote Procedure Call” with which the wallet communicates, could have problems synchronizing.

The influence of Vitalik Buterin in MegaETH

The blockchain of MegaETH is developed and guaranteed by the company MegaLabs, co-founded by Shuyao Kong and Yilong Li, two former employees of Consensys and Runtime Verification Inc.

The ambitious project began seeking investors for the seed round in December of last year, closing deals in May according to Chief Business Officer Shuyao Kong.

A few days ago MegaETH closed another round of financing of 20 million dollars, structured as equity warrants and tokens, led by Dragonfly.

Among the other VC that participated, we find Figment Capital, Robot Ventures, and Big Brain Holdings. 

Additionally, having invested in MegaETH as an angel investor, we find Vitalik Buterin, Joseph Lubin, Sreeram Kannan, Kartik Talwar, and Santiago Santos.

In particular, the presence of Buterin suggests that the project could play a decisive role in the future of the Ethereum ecosystem.

事实上，通常情况下，以太坊联合创始人只投资于能够改善EVM环境并为链创造附加价值的协议和基础设施。

知名开发者这样评价“向以太坊演示的公告”公众对这个超级可扩展的区块链表现出了乐观态度：

“创建超可扩展的 EVM 实现是真正扩展以太坊的关键先决条件。我很高兴看到优秀的开发者应对这一挑战。”

MegaETH：如何参与加密货币空投

此时，我们已经可以预测 Mega

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