A Parallel EVM is an execution environment compatible with the Ethereum Virtual Machine that processes multiple transactions concurrently rather than sequentially. This architectural enhancement significantly boosts the throughput and efficiency of smart contract execution. It addresses the scalability limitations of traditional EVM designs. This allows for a higher volume of operations.
Context
The development of Parallel EVMs is a critical area of innovation for layer-1 blockchains seeking to enhance their performance and compete with centralized systems. News frequently covers new protocols implementing this technology to support more complex and high-demand decentralized applications. Its successful deployment is expected to greatly improve the user experience on EVM-compatible networks.
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