Jakarta, Pintu News – Parallel Ethereum Virtual Machine (Parallel EVM) is an advanced development of the Ethereum Virtual Machine (EVM) commonly used in the Ethereum (ETH) blockchain. The main difference between Parallel EVM and the standard EVM lies in the way they process transactions and execute smart contracts. While the standard EVM processes transactions sequentially, Parallel EVM enables transaction processing in parallel, improving network efficiency and scalability.
In a standard EVM, each transaction is processed one after another, which can cause bottlenecks when the transaction volume increases. This method, although simple, often results in delays and higher costs. Parallel EVM, on the other hand, adopts a parallel processing approach, allowing multiple transactions to be processed simultaneously if they are not interdependent.
By processing transactions in parallel, Parallel EVM can increase throughput and reduce costs and delays. This is similar to the way Apache Spark processes data in parallel, where independent transactions and data can be processed asynchronously.
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Suppose a block in the Ethereum (ETH) blockchain contains transactions A, B, and C. In standard EVM, these transactions will be processed sequentially. However, with Parallel EVM, Transactions A and C can be processed simultaneously as they are independent of each other and do not affect the outcome of Transaction B.
The ability to process Transactions A and C simultaneously with B, but in different threads, significantly speeds up the overall block processing time. This allows the network to handle larger transaction volumes more efficiently.
Consider a decentralized exchange (DEX) that runs on the blockchain. In standard EVM, each trade must wait for the previous trade to complete, which can lead to slow trade execution. With Parallel EVM, many of these trades can be processed simultaneously, as long as they don’t interfere with each other.
This parallel processing results in faster trade execution, a more responsive DEX, and an overall better user experience. Parallel EVM represents a significant step in blockchain technology, addressing scalability issues by enabling more efficient transaction processing.
Parallel EVM promises significant improvements in the way blockchain handles transactions and smart contracts. By utilizing parallel processing, this technology opens up new possibilities for broader and more efficient blockchain applications. Going forward, many other networks are planning to integrate the Parallel EVM structure into their systems, signaling a new era in blockchain evolution.
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