Recent News on Shardeum

On May 6, Shardeum announced that its testnet wallet count exceeded 1.2 million, with over 171,000 validators, setting a new record. It's time for the mainnet to go live officially!

On May 9, SHM officially launched on major platforms!

Introduction to Shardeum

Shardeum is an EVM-based Layer 1 blockchain designed for linear scalability. It aims to achieve horizontal scaling and parallel transaction execution while permanently maintaining low gas fees. By leveraging innovative technologies such as dynamic state sharding and auto-scaling, Shardeum addresses the fundamental limitations that existing blockchains face when matching the scalability of Web2.

Shardeum employs a unique state sharding mechanism along with a dual consensus mechanism combining Proof-of-Quorum and Proof-of-Stake. Its use cases include DeFi, open-source AI, and gaming. Shardeum enhances throughput while ensuring decentralization and security.

Features of Shardeum

Linear Scalability: Shardeum uses unique state sharding to increase throughput. It can add more nodes as platform demand rises, with processing power scaling proportionally as more nodes join the network. This makes Shardeum the first network to achieve linear scalability.

Permanent Low Gas: Thanks to dynamic state sharding, the network evenly shards its state and dynamically distributes computational workload, storage, and bandwidth across all nodes. This ensures that Shardeum maintains low gas fees for developers and users indefinitely.

True Decentralization: The combination of Proof-of-Quorum and Proof-of-Stake achieves a leaderless, secure consensus mechanism.

EVM Compatibility: Shardeum supports existing tools and smart contracts, making it developer-friendly.

Community-Driven: Emphasizing the principles of Openness, Collaboration, and Community (OCC), Shardeum will support smart contracts and incentive programs in phases after the mainnet launch.

Shardeum Team

Shardeum's founder, Nischal Shetty, is also a co-founder of WazirX. The team has been building Web3 projects since 2017:

• Nischal Shetty: Founder of WazirX, with 3 years of experience in scalable, fault-tolerant, and distributed systems. His new company focuses on building communities and businesses around blockchain.

• Omar Syed: Co-founder, previously a blockchain/DLT architect at Shardus. He has built scalable systems for organizations like NASA and Yahoo and has been developing dynamic state sharding technology since 2018 to address scalability challenges in existing networks.

• Srinivasan Parthasarathy: Enterprise architect at Amazon Web Services and former Vice President of Engineering at DraftKings.

Shardeum Financing

According to data, Shardeum was founded in 2022 and has undergone two major fundraising rounds to date.

Summary of Shardeum

After the mainnet launch, Shardeum plans to conduct several technical upgrades to enhance its capabilities. It will also build a robust ecosystem of applications and services, offering a way to achieve scalability without compromising decentralization or security. Shardeum has achieved a truly scalable and secure solution in its mainnet launch process, supporting Web3's growth to hundreds of millions of users. Its unique consensus mechanism sets it apart from competitors and puts it a step ahead on the path to full decentralization in the DeFi space.

Recent News on Shardeum

On May 6, Shardeum announced that its testnet wallet count exceeded 1.2 million, with over 171,000 validators, setting a new record. It's time for the mainnet to go live officially!

On May 9, SHM officially launched on major platforms!

Introduction to Shardeum

Shardeum is an EVM-based Layer 1 blockchain designed for linear scalability. It aims to achieve horizontal scaling and parallel transaction execution while permanently maintaining low gas fees. By leveraging innovative technologies such as dynamic state sharding and auto-scaling, Shardeum addresses the fundamental limitations that existing blockchains face when matching the scalability of Web2.

Shardeum employs a unique state sharding mechanism along with a dual consensus mechanism combining Proof-of-Quorum and Proof-of-Stake. Its use cases include DeFi, open-source AI, and gaming. Shardeum enhances throughput while ensuring decentralization and security.

Features of Shardeum

Linear Scalability: Shardeum uses unique state sharding to increase throughput. It can add more nodes as platform demand rises, with processing power scaling proportionally as more nodes join the network. This makes Shardeum the first network to achieve linear scalability.

Permanent Low Gas: Thanks to dynamic state sharding, the network evenly shards its state and dynamically distributes computational workload, storage, and bandwidth across all nodes. This ensures that Shardeum maintains low gas fees for developers and users indefinitely.

True Decentralization: The combination of Proof-of-Quorum and Proof-of-Stake achieves a leaderless, secure consensus mechanism.

EVM Compatibility: Shardeum supports existing tools and smart contracts, making it developer-friendly.

Community-Driven: Emphasizing the principles of Openness, Collaboration, and Community (OCC), Shardeum will support smart contracts and incentive programs in phases after the mainnet launch.

Shardeum Team

Shardeum's founder, Nischal Shetty, is also a co-founder of WazirX. The team has been building Web3 projects since 2017:

• Nischal Shetty: Founder of WazirX, with 3 years of experience in scalable, fault-tolerant, and distributed systems. His new company focuses on building communities and businesses around blockchain.

• Omar Syed: Co-founder, previously a blockchain/DLT architect at Shardus. He has built scalable systems for organizations like NASA and Yahoo and has been developing dynamic state sharding technology since 2018 to address scalability challenges in existing networks.

• Srinivasan Parthasarathy: Enterprise architect at Amazon Web Services and former Vice President of Engineering at DraftKings.

Shardeum Financing

According to data, Shardeum was founded in 2022 and has undergone two major fundraising rounds to date.

Summary of Shardeum

After the mainnet launch, Shardeum plans to conduct several technical upgrades to enhance its capabilities. It will also build a robust ecosystem of applications and services, offering a way to achieve scalability without compromising decentralization or security. Shardeum has achieved a truly scalable and secure solution in its mainnet launch process, supporting Web3's growth to hundreds of millions of users. Its unique consensus mechanism sets it apart from competitors and puts it a step ahead on the path to full decentralization in the DeFi space.