Parallel EVM Technology: A New Direction for Enhancing Blockchain Performance

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An Exploration of Parallel EVM Technology and Its Ecosystem

EVM and Solidity

Smart contract development is a fundamental skill for blockchain engineers. Although developers usually write contracts in high-level languages like Solidity, the EVM cannot directly interpret these codes. They need to be compiled into low-level opcodes or bytecode executable by the virtual machine. Existing tools can automate this conversion process, alleviating the burden on developers to understand the compilation details.

Although conversions can incur some additional overhead, engineers familiar with low-level coding can directly use opcodes in Solidity to optimize program logic, enhance efficiency, and reduce gas consumption. For instance, certain well-known protocols extensively use inline assembly to minimize users' gas expenses.

In-depth discussion on parallel EVM and its ecosystem

EVM Performance Differences

The EVM, as the "execution layer", is the final execution place for the compiled smart contract opcodes. The bytecode defined by the EVM has become an industry standard, allowing developers to efficiently deploy contracts across multiple compatible networks.

Although following the EVM bytecode standard makes the virtual machine known as EVM, the specific implementations can vary greatly. For example, different clients may use different programming languages to implement the EVM standard, allowing for various engineering optimizations and custom implementations.

In-depth discussion of parallel EVM and its ecosystem

Demand for Parallel EVM Technology

Traditionally, the blockchain community has focused mainly on innovations in consensus algorithms. However, high-performance blockchains need to optimize both consensus algorithms and the execution layer simultaneously. EVM blockchains that only improve consensus algorithms may require more powerful hardware to enhance performance.

Most blockchain systems execute transactions sequentially, similar to a single-core CPU. This approach, while simple, is difficult to scale to internet-level user numbers. Switching to a multi-core CPU parallel virtual machine can process multiple transactions simultaneously, significantly increasing throughput.

Parallel execution brings engineering challenges, such as handling concurrent transactions writing to the same smart contract. New mechanisms need to be designed to resolve these conflicts. The parallel execution of unrelated smart contracts can proportionally increase throughput based on the number of parallel processing threads.

In-depth discussion on parallel EVM and its ecosystem

Innovation of Parallel EVM

Parallel EVM represents a series of innovations aimed at optimizing the execution layer of blockchain systems. Key innovations of some projects include:

  • Parallel transaction execution: Uses an optimistic parallel execution algorithm, allowing multiple transactions to be processed simultaneously.
  • Delayed Execution: Postpone the execution of transactions to a separate channel to maximize the use of block time.
  • Custom State Database: Optimize state storage and access to improve execution efficiency.
  • High-performance consensus mechanism: Supports efficient synchronization between large-scale distributed nodes.

In-depth Discussion on Parallel EVM and Its Ecosystem

Technical Challenges of Parallel EVM

Parallel execution introduces potential state conflicts that require conflict checks before or after execution. For example, conflicts may occur when multiple parallel transactions interact with the same smart contract. This necessitates careful conflict detection and resolution mechanisms.

In addition to implementing a parallel EVM, teams often need to redesign the state database to enhance read and write performance, and develop compatible consensus algorithms.

In-depth discussion of parallel EVM and its ecosystem

The Landscape of Parallel EVM

The parallel EVM ecosystem includes various types of projects:

  1. EVM-compatible Layer 1 network that supports parallel execution through technical upgrades.
  2. EVM-compatible Layer 1 network that has adopted parallel execution technology since its design inception.
  3. Layer 2 networks using non-EVM parallel execution technology

In-depth Discussion on Parallel EVM and Its Ecosystem

Main Project Overview

  • Monad: Aims to solve scalability issues by optimizing EVM parallel execution and pipeline architecture, targeting 10,000 TPS.
  • Sei: Launched Sei V2, becoming a high-performance parallel EVM, with TPS increased to 12,500.
  • Artela: Enhances the execution layer through EVM++ dual virtual machines, improving the performance of EVM blockchain.
  • Canto: Introduced the Cyclone Stack development plan, aimed at achieving parallel EVM technology.
  • Neon: An EVM compatibility solution on Solana that allows Solidity and Vyper developers to deploy to Solana with one click.
  • Eclipse: Introduces the Solana Virtual Machine (SVM) into Ethereum's Layer 2 solutions.
  • Lumio: A modular VM Layer 2 network that supports various high-performance virtual machines.

In-depth Discussion on Parallel EVM and Its Ecosystem

In-depth Exploration of Parallel EVM and Its Ecosystem

Conclusion

Parallel EVM and other innovative technologies provide promising solutions for improving blockchain performance and scalability. The development and implementation of these technologies will drive further advancements in the blockchain ecosystem, enabling it to support a wider range of applications and user groups.

In-depth Exploration of Parallel EVM and Its Ecosystem

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WhaleWatchervip
· 2h ago
The gas fee is really expensive.
View OriginalReply0
DefiPlaybookvip
· 08-08 12:45
The coder struggles so much with gas optimization, I'm speechless.
View OriginalReply0
SchrodingerProfitvip
· 08-07 04:47
What to do if you understand code but not profit and loss?
View OriginalReply0
DAOdreamervip
· 08-07 04:47
gas fees are rising again
View OriginalReply0
DefiOldTrickstervip
· 08-07 04:47
I've figured it out a long time ago, manually harvesting assembly for profits. I've made a lot of money, hahaha.
View OriginalReply0
MultiSigFailMastervip
· 08-07 04:39
The gas fees are too high, who can afford it?
View OriginalReply0
ChainBrainvip
· 08-07 04:35
To be honest, gas optimization is really important.
View OriginalReply0
BlockchainArchaeologistvip
· 08-07 04:33
Only then did I find out that the culprit of the high gas is here.
View OriginalReply0
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