![Blockchain [Web3] Digital Wealth Hub](https://cdn1.wapeek.io/whatsapp/2025/02/28/19/blockchainweb3-digital-learning-hub-cover_4e3e2b182cf9a73819cff55d3649696a.webp)
Blockchain [Web3] Digital Wealth Hub
February 23, 2025 at 01:43 PM
*An Introduction to Monad Testnet*
To get started, firstly get the testnet token to be used to navigate the MONAD ecosystem from the first steps stated above here from any of those faucet links 👆
Monad is a Layer 1 blockchain that utilizes the Proof of Stake consensus mechanism and offers high compatibility with the Ethereum Virtual Machine. Notably, Monad implements Parallel Execution technology, allowing the network to process up to 10,000 transactions per second.
The Monad project was founded in April 2022 by Keone Hon, former Head of Research at Jump Trading and an MIT graduate. Accompanying him is James Hunsaker, Monad’s CTO, a senior software engineer at Jump Trading and a core contributor to Pyth Network.