 | Shardeum (SHM)Shardeum is the world’s first EVM-based L1 blockchain which uses dynamic state sharding to increase TPS with the addition of every new node. Use cases: P2P transfers, DeFi, dApps, Web 3.0 and NFTs. Seed Round: $18.2 Million Testnet: Details IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Shardeum
Shardeum is an EVM-based, linearly scalable smart contract platform that provides low gas fees forever while maintaining true decentralization and solid security through dynamic state sharding.
Shardeum is attempting to solve the trilemma affecting most blockchains where they have to prioritize among scalability, security and decentralization, but at best they can pick only two of these attributes.
Shardeum is employing a technique called sharding that partitions the network into shards, resulting in more transactions being processed, verified and validated in parallel. The startup’s blockchain, which is currently in testnet, aims to be EVM-compatible and use proof-of-stake and proof-of-quorum consensus mechanisms to reduce the cost of running the network and rely on three types of nodes — validator, archival and standby — in its network.
Shardeum anticipates that it will be able to process more than 100,000 transactions per second with 100,000 nodes and will maintain a latency of 10 seconds. The L1 blockchain will also provide ways to help Ethereum developers transition to Shardeum and maintain stable gas fees.
DetailsToken supply: 508,000,000 SHMRaised: 18,200,000 USD LegalRegistration country: SwitzerlandRegistration year: 2021 | Token infoTicker: SHMType: Utility-token Token distribution: 51% - Node mining 18% - Sale 15% - Team 11% - Foundation 5% - Ecosystem / Airdrops |
Shardeum Roadmap
Consensus algorithm defined and tested
Auto scaling and rate limiting an unhardened network of 20 nodes
Linear scaling (small sharded nodes)
Small / medium AWS network
- 100 nodes = 500 TPS
- 200 nodes = 1000 TPS
- 1000 nodes = 5000 TPS
Initial Prototype
- Demo of EVM integration with Shardus
Shardeum Foundation structured in Switzerland
Alphanet 1.0 launch
- 20 node unsharded network operated by Shardeum
- Send transactions and deploy smart contracts
- Deployed to individual medium nodes on AWS in different regions
Private sale started
Alphanet 2.0 launch
- 50 node sharded network operated by Shardeum
- 10 node shard size
- 5 archive nodes
- Deployed to individual medium nodes on AWS in different regions
- First smart contract platform to implement EIP2930
Private sale finished
Betanet launch
- Community can operate validator and archive nodes
- Minimum network size of 1280 nodes with 200 TPS
- Sharded network with shard size of 128 nodes
- Node rotated between standby and active
Mainnet launch
- Token Generation Event
- Public sale
Project team
Social media
