EVM-Compatible Projects MegaID and Monad: A Comparative Analysis by Bankless

IconCryptoNewsTerminal Staff26 Aug, 2024

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EVM-Compatible Projects MegaID and Monad: A Comparative Analysis by Bankless

In a recent video discussion, crypto media outlet Bankless delved into the similarities and differences between two notable EVM-compatible blockchain projects - MegaID and Monad. Joining the discussion were MegaID co-founder Lei Yang and Monad CEO Keone Hon, who engaged in a thorough comparison of the two projects across various parameters. Performance and Scalability: MegaID demonstrated impressive speed, boasting 100,000 TPS (transactions per second), surpassing Monad in terms of transaction processing. However, Monad showcased a more decentralized architecture, enabling anyone to operate a full node, a feature that MegaID lacks. Community Growth: MegaID and Monad have adopted distinct strategies for community expansion. MegaID focuses on fostering direct connections with the Ethereum community, while Monad has opted for top-down expansion through internal communities. Through this discussion, Bankless provided insights into the strengths and areas for improvement for both MegaID and Monad. The analysis highlighted the unique characteristics of each project, offering valuable information for those considering investing or building on these platforms.

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