Monad Test Network is online, how to interact?

Author: Asher, Odaily Planet Daily

Monad, a superstar project led by Paradigm in April last year, was finally ready to interact. Last night, Monad announced on the X platform that the Monad Testnet testnet has been officially launched and has sent test coins to more than 8.8 million active Ethereum addresses.

Monad Testnet testnet is now officially launched

Next, Odaily Planet Daily will take you to learn about the basic overview of Monad and how to participate in the Monad test network interaction as soon as possible.

Project Introduction

Monad, developed by the Python and Solana teams for more than two years, is a high-performance L1 public chain compatible with Ethereum. According to the official document Monad defines itself as a high-performance L1 for EVM-compatible with PoS mechanism, aiming to create an innovative public chain possibility paradigm through pipeline execution of Ethereum transactions. Its key innovations include MonadDB (specially for Ethereum state access While the database designed) and Optimistic are executed in parallel (to ensure high TPS is provided with minimum overhead). Monad separates the consensus layer and execution layer, further improving scalability, allowing developers to build applications that require excellent performance and low latency.

Monad’s breakthroughs make it a powerful platform for enterprise-grade applications, giving developers the tools they need to create high TPS DApps while maintaining compatibility with Ethereum and embracing the future of blockchain innovation.

On the evening of April 9, 2024, Monad Labs announced that it would complete a US$225 million financing with a valuation of US$3 billion, led by Paradigm, and participated by Electric Capital and Greenoaks. As the most popular project on the Layer 1 track, Monad, which focuses on the concept of "parallel EVM", hopes to introduce an execution layer expansion solution of "parallel processing", which will greatly improve the premise of 100% compatible with all byte characters of EVM Network execution efficiency.

Monad Financing

Nexus: Parallel Proof Mining Network

STEP 1. Add test network (link: https://testnet.monad.xyz/): After entering the link, click "Manually add network", click "Add Testnet to MetaMask", and click "Continue".

STEP 2. Receive test coins and bind Discord account: Click "Connect Wallet" and then drop-down interface to enter the address of receiving test coins, click "Get Testnet MON", and click "Connect Discord" to authorize the Discord account. (The test coin collection has not been fixed at present. You can continue reading and understand what interactions you can do after receiving the test coin.)

STEP 3. Continue to the interface and complete the first transaction on the test network: enter the number of tokens to be purchased in the three corresponding input boxes, and buy DAK, YAKI, and CHOG respectively.

STEP 4. Continue to the interface and complete the "Spotlight" task: click "Play Now" and click "Register and Play for free" to log in with your Google account.

STEP 5. After successfully logging in, continue to click "Continue" until "Claim 100 $fMON" appears.

STEP 6. Click "Shop" and click "Claim" to check in every day.

STEP 7. Click on the website (link: https://testnet.lilchogstars.com/), Mint an NFT.

STEP 8. Click on the website (link: https://app.nad.domains/) to register a domain name.