Alyssa Davidson
Posted: December 10, 2024 12:39 PM Updated: December 10, 2024 12:39 PM
Correction and fact check date: December 10, 2024, 12:39 p.m.
briefly
Gravity announced the release of Grevm 1.0, an open source parallel EVM runtime built on revm that enhances the algorithm by incorporating transaction data dependency graphs derived from simulation results.
Gravity, the layer 1 blockchain team developed by Galxe, announced the release of Grevm 1.0, an open source parallel Ethereum Virtual Machine (EVM) runtime built on top of revm. Inspired by BlockSTM, Grevm’s algorithm is enhanced by incorporating a transaction data dependency graph derived from simulation results.
This release is an important milestone in the continued development of Gravity Chain and the Gravity SDK. Grevm is now recognized as the fastest open source parallel EVM implementation, outperforming traditional sequential execution by 4.13x. For parallel transactions, a throughput of 26.50 Giga/s can be achieved, and for parallel transactions with 100us IO latency (simulated), a throughput of 6.80 Giga/s provides a 50.84x performance improvement.
From a technical perspective, Grevm enables accurate analysis of transaction dependencies, optimal distribution of transactions between threads, and parallel execution using the Software Transactional Memory (STM) system.
The new EVM serves as an initial proof-of-concept designed to validate the framework and evaluate its real-world effectiveness. The framework is executed in three steps, including hint generation, dependency analysis, and concurrent execution, and is tested iteratively over multiple rounds.
Grevm’s development builds on the foundational work of several popular blockchain projects. Paradigm, a cryptocurrency investment firm, and Ithaca, a company focused on accelerating the growth of the cryptocurrency sector, contributed with reth and revm, the technologies underlying Grevm. Layer 1 blockchain Aptos also influenced Grevm’s design with its BlockSTM algorithm and related optimizations.
Additionally, research on parallel EVM execution using BlockSTM (pevm) conducted by Ethereum layer 2 solution RISE Chain and blockchain platform BNB Chain has played a significant role in shaping the development of Grevm and continues to drive its advancement.
What is gravity?
A high-performance layer 1 blockchain designed to support mass adoption. With its pipelined AptosBFT consensus engine and Grevm, a parallel EVM runtime, it achieves throughput of over 1 gigabit per second and sub-second finality, while ensuring PoS security through re-staking technology.
Recently, Gravity partnered with on-chain analytics platform Nansen to provide essential tools and insights to Web3 projects and investors. The goal of this collaboration is to help users explore the ecosystem, engage with the community, and foster sustainable growth.
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About the author
As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
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Alyssa Davidson
As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
more articles