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MegaETH

Last updated: Nov 04, 2024

MegaETH is an EVM-compatible blockchain that brings Web2-level real-time performance to the crypto world for the first time. MegaETH goal is to push the performance of Ethereum L2s to hardware limits, bridging the gap between blockchains and traditional cloud computing servers.

Seed Round: $20 Million

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Overview

Project industry	Blockchain Infrastructure / Ethereum Ecosystem / Layer-2 / EVM
Product type	Technology
Whitepaper	Open

What is MegaETH

MegaETH dubs itself as the first "real-time blockchain" with full Ethereum compatibility. Real-time here means MegaETH is capable of processing transactions as soon as they arrive and publishing the resulting updates in real-time. Further, it must support high transaction throughput and substantial compute capacity to maintain the real-time experience even during peak user demand.

MegaETH's two key techniques — a heterogeneous blockchain architecture and a "hyper-optimized" EVM execution environment — help it achieve 100,000 TPS in real time, the project said. The heterogeneous blockchain architecture boosts performance by allowing network nodes with different hardware configurations to specialize in specific tasks, and the hyper-optimized EVM execution environment pushes throughput, latency and resource efficiency to hardware limits.

MegaETH is not just an upgrade; it is a pivotal development that could redefine how users interact with the Ethereum blockchain, encouraging greater adoption and innovation in the cryptocurrency space.