Gravity Chain announces the release of Grevm 1.0 (Gravity EVM), an open-source, high-performance Ethereum Virtual Machine (EVM) runtime designed to transform transaction processing. Grevm 1.0 is built on the powerful revm framework and inspired by the BlockSTM algorithm. Grevm aims to improve blockchain scalability and speed.
Gravity Chain aims to create faster, more efficient blockchain technology, providing tools and systems that help developers build advanced blockchain networks, especially those compatible with Ethereum. These tools are designed to handle many transactions at once, making the blockchain faster and more scalable.
The goal of Gravity Chain is to support the next generation of blockchain apps by making them faster, more secure, and easier to build, and giving developers a suitable toolkit to create modern, high-performance blockchain solutions.
Grevm, short for “Gravity Parallel EVM,” is created to handle transactions more efficiently by processing them in parallel rather than sequentially. The sequential transaction execution method can cause delays since each one must wait for the one before it finishes.
However, Grevm takes a different approach by allowing multiple transactions to be processed at the same time or in parallel, which can significantly increase the speed and efficiency of the system. This parallel processing helps in managing larger numbers of transactions and reduces delays, which makes it more suitable for high-demand environments.
It incorporates a smart “transaction data dependency graph,” which enables more efficient scheduling and significantly reduces the need for transaction re-execution. This innovation positions Grevm as one of the fastest open-source parallel EVM implementations.
Gravity Chain noted that during its testing, it delivered performance that is 4.13 times faster for fully parallel transactions and 50.84 times faster when simulating real-world conditions, achieving throughput of up to 6.80 gigagas per second.
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These achievements are made possible by Grevm’s integration of asynchronous I/O operations, which allow tasks to run simultaneously and optimize execution. It revealed that this breakthrough is not just about speed. It sets the stage for the next generation of Web3 applications by providing the necessary performance and scalability.
Grevm is an important component of Gravity Chain’s broader vision, which includes the Gravity SDK, a toolkit for creating high-performance, restaking-secured Layer 1 blockchain solutions. The development of Grevm is the result of collaboration and inspiration from pioneering blockchain projects.
Gravity Chain said that while Grevm 1.0 marks a major advancement, it is only the beginning. Currently in its proof-of-concept stage, Grevm will soon evolve further with Grevm 2.0, featuring even greater capabilities, is set for release in December 2024. Gravity Chain is a product of Galxe.
