🚀Shardeum, an Ethereum Virtual Machine (EVM)-based Layer 1 blockchain, aims to shatter the blockchain trilemma — the issue that a blockchain can’t be simultaneously secure, decentralized, and scalable. 🧩The project uses dynamic state sharding, atomic processing, cross shard composability, and a Proof of Quorum (PoQ) consensus to offer scalability without compromising security or decentralization. 📊
Shardeum’s sharding process enhances transaction speeds by breaking down the blockchain workload into smaller fragments or “shards.” 🎯The introduction of dynamic state sharding allows the network to efficiently scale as nodes are assigned a dynamic range of addresses across different shards.
👥Founded by Nischal Shetty and Omar Syed, Shardeum also boasts of innovative features like Atomic Processing & Cross Shard Composability, which ensure transaction completion and mitigate network vulnerabilities. Additionally, it uses a linear scaling model that adds ‘standby’ validators during high demand to increase transactions per second (TPS), aiming to reach up to a million TPS.
The project’s native token, SHM, serves as a utility and rewards token. With 508 million SHM in circulation, the allocation is split between node mining (51%), sales (18%), team (15%), the foundation (11%), and ecosystem and airdrops (5%).
💼Since its inception in 2017, Shardeum has made significant progress, with over 540,000 registered accounts, 1.5 million successful transactions, and more than 300,000 community members. 📈The platform hopes to bring billions of users into crypto, tackling issues like high gas fees and latency experienced on other blockchains.
To dive deeper, check out the complete article: https://droomdroom.com/a-comprehensive-guide-to-shardeum-blockchain/
