The Advantages of NEVM

As a computational protocol, the NEVM enables smart contracts to scale up to 210,000 transactions per second (TPS) while ensuring that the accompanying gas costs remain as minimal as possible. With more upgrades due in the coming months, NEVM is projected to achieve four million TPS, the fastest throughput offered by any existing layer-1 or layer-2 solution.

With Syscoin’s product suite, NEVM solves a diverse range of problems that blockchain projects face in existing smart contract platforms. The protocol introduces many new features, including regulatory compliance for digital assets, hyper-secure transactions that can scale to support millions of users concurrently, and fully compliant toolkits for Web3, DeFi, Metaverse, and NFT projects - all without compromising core features like decentralization and security.

Other benefits include:

The ability to scale to an arbitrary number of transactions while eliminating the need for re-executing proofs of one-time executions
High levels of fault tolerance alongside interactive data
Trustless interoperability across individual chains

Author Bio

Jagdeep Sidhu, also known as Jag, is the chief core developer and co-founder of Syscoin, a complete Layer-1 and Layer-2 blockchain solution. Apart from leading the Syscoin project, Jag is also the CTO of Blockchain Foundry Inc., a publicly-traded company devoted to expanding the enterprise adoption of blockchain technology. In addition to his two decades of software development experience, his specialties include blockchain technology, Machine Learning (ML), and Artificial Intelligence (AI). He possesses degrees from the British Columbia Institute of Technology where he majored in AI and Digital Image Processing alongside a minor in Client & Server Computing.

Connect with Jag on Linkedin.

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Network-Enhanced Virtual Machine (NEVM)