# Shardeum Network 

By [Web3 World ](https://paragraph.com/@web3-world-2) · 2023-01-22

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I wrote a similar article for you before. When it was written, it was the 1.3 test version, and the 1.6 test version was released one after another, and now it has been updated to the 2.0 version.

There is nothing to give to everyone for the New Year's Eve, but a wealth code. Wishing everyone 2023:

Dazhan Hongtu (Dazhan Hongtu) Rabbit is advancing rapidly (advancing by leaps and bounds) Money and rabbit are like brocade (the future is bright) Rabbit step Qingyun (walking Qingyun) Money rabbit is boundless (the future is boundless) Rabbit suddenly becomes rich (suddenly rich)

Introduction to Shardeum:

Shardeum is a proof-of-stake smart contract platform that offers vastly improved scaling compared to other L1 blockchains like Ethereum. The blockchain uses dynamic state sharding technology, allowing it to scale linearly and increase TPS (transactions per second) as each node in the network increases, ensuring that the network can maintain low gas costs indefinitely. A significant hurdle faced by developers in the current blockchain ecosystem is that existing sharded blockchains do not allow atomic composability across shards. Shardeum designed a novel architecture that allows atomic cross-shard composability to solve the user experience problems developers and users face in current sharded blockchains.

team introduction:

Shardeum founder Nischal Shetty is the co-founder of WazirX. WazirX is the leading exchange in India. Binance has provided WazirX with technical solutions, wallet services and off-chain transaction integration for WazirX to save network fees.

Blockchain architect Omar Syed has helped companies such as NASA, Yahoo, and Zynga build scalable, fault-tolerant distributed systems, and formulated three guiding principles for the Shardeum blockchain-openness, collaboration, and community-driven, which is The core idea of ​​Shardeum is to fully realize the accessibility of decentralization.

Financing:

October 18, 2022 - Shardeum announces $18.2 million in Series A funding from seed. The round included more than 50 well-known investors such as Jane Street, Struck Crypto, The Spartan Group, Big Brain Holdings, DFG, Ghaf Capital Partners and Foresight Ventures, as well as other well-known strategic investors including CoinGecko Ventures, Wemade, ZebPay, Jsquare, MH Ventures, Nestcoin, Veris Ventures, Tupix Capital, Mapleblock Capital, and NetZero Capital. A number of influential angel investors participated in the round, including Balaji Srinivasan, Mayur Gupta (CMO of Kraken), Michael Montero (Resy — co-founder of Acq. American Express and CrowdTwist — co-founder of Acq. Oracle people), Pankaj Gupta (Vice President Engineer, Coinbase), Harsh Rajat (Co-Founder, Push Protocol), Nakul Gupta (Chief PM, Coinbase NFT Marketplace and Institutional Partnerships), Ajeet Khurana (Founder, Reflexical), Ravi Adusumalli ( Elevation Capital’s GP), Rohan Chauhan (Hudson River Trading’s digital asset division), Ganesh Swami (Covalent’s co-founder), Kashif Raza (Bitinning’s founder) and more.

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*Originally published on [Web3 World ](https://paragraph.com/@web3-world-2/shardeum-network)*