Monad to roll out a public testnet on Feb. 19

High-performance EVM blockchain Monad said its public testnet would be rolled out on Feb. 19, a critical milestone for the project’s development.The testnet has been in development for two years and serves as a testing environment for developers and users to experiment with the platform’s features before the mainnet launch.This follows the rollout of a closed testnet in late 2024. Plans for a tentative mainnet launch are expected later in 2025.Monad aims to function as a high-throughput network, claiming to support 10,000 transactions per second and 1-second block times. It leverages technologies like parallel execution and features a custom database called MonadDb.It's also fully compatible with Ethereum Virtual Machine (EVM) bytecode, making it easier for developers familiar with Ethereum to transition their applications.Monad Labs, the developer behind the blockchain, was co-founded by former Jump Trading developers. It has raised $225 million in funding in a round led by Paradigm.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.