Topic: What is Sharduem? (Read 65 times)

The main thing is shadreum is layer one project. So it will launch a token as soon as after the mainnet launch. Also, it is planned to launch a mainnet on August 2023. Currently it in the testnet phase.

Shardeum cant even maintain its testnet for 2 consecutive days Basically I think SHM is ghosted even before it get started Am its kinda the devs fault still I dont know whats going to happen with it So I will watch carefully Also I personally find the chains to get forgotten quick due to their nature Look at NEO and many forgotten Land

Thanks for sharing, my little reading about the project, it's seems to make sense, I will still make further research on the project, But i will like the concept and hope it will continue to be developed and have adoption

Shardeum is a poor man's blockchain, the blockchain space is very crowded for now and I don't see how the new ones coming to the space are going to gain market share without huge technological edge over the existing ones, people have been touting L2 has the next game changer, but people still prefer to use Ethereum, as we can see the TVL on Ethereum is still the highest. As for Shardeum, the team will need to do a lot to attract developers to the chain and to build a strong community that will stay and not there for the airdrop will be a huge task. Just look at SUI network the chain is more or less a ghost town.

If a project is that good a link should be included so readers of your post can explore further about this platform and see if this project is worth supporting and investing in, you should create an official announcement of your project in the altcoin announcement, so you can build a community here, will check it out and explore about this one, and let's see what is it's bringing something to the community.

https://shardeum.org/

Shardeum is an innovative blockchain project that aims to address the challenges of scalability and decentralization in smart contract platforms. It provides a scalable solution that enables fast and efficient transaction processing while maintaining a high level of decentralization.


The project recognizes the growing demand for decentralized applications (dApps) in various sectors such as decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. These use cases have attracted a significant number of users who may not have previously been involved in the blockchain space. However, existing smart contract platforms struggle to cope with the increasing demand, leading to scalability issues and hindering the overall user experience.


Shardeum aims to overcome these limitations by implementing an advanced version of sharding, a technique that divides the blockchain database into smaller units called "shards." This approach allows for parallel processing of transactions, significantly improving the scalability of the network. By distributing the workload across multiple shards, Shardeum can handle a much larger number of transactions per second, resulting in faster and more efficient transaction processing.


One of the key advantages of Shardeum's sharding solution is its ability to maintain a high level of decentralization. While some other sharding implementations may compromise on decentralization by relying on a smaller number of nodes to process transactions, Shardeum ensures that the network remains truly decentralized. It achieves this by allowing off-the-shelf computers to serve as full nodes, enabling anyone to participate in the network and earn rewards without joining mining pools. This inclusive approach promotes a more open and democratic ecosystem.


To further enhance security and efficiency, Shardeum has developed its own unique consensus algorithm called the Shardus Consensus Algorithm. This consensus mechanism, based on Proof-of-Quorum, provides a high level of security and data consistency while maintaining energy efficiency.


Shardeum is currently in the testnet phase, with multiple testnets such as Shardeum Liberty 1.X, Liberty 2.X, and Sphinx1.X. These testnets allow developers and users to experiment and provide feedback on the platform's functionalities before its full deployment.


In addition to scalability and decentralization, Shardeum also emphasizes sustainability. It aims to create long-term incentives for participants by implementing fixed periodic distributions of tokens to nodes that contribute resources to the network. This approach removes the variability in rewards and promotes a sustainable ecosystem.


The project has a clear roadmap for the future, with plans to launch the Shardeum mainnet and introduce its native token, Shardeum (SHM). The ecosystem will also feature various applications, including a decentralized exchange (DEX), domain name service (DNS), and an NFT marketplace.


Overall, Shardeum's innovative approach to scalability, decentralization, and sustainability makes it a promising contender in the blockchain space. By addressing the limitations of existing smart contract platforms, Shardeum aims to enable the seamless adoption of decentralized applications and empower the next generation of blockchain users.

The Shardus software is being used as the protocol layer for Shardeum, a decentralized smart contract platform. This means that the benefits of Shardus technology, such as scalability and customizability, will be inherited by Shardeum to create a more efficient and secure smart contract platform. The Shardeum Litepaper states that holders of Shardus tokens will receive a share of the Shardeum network. Specifically, Shardus token holders will receive 1% of the maximum Shardeum supply. This is the way by which Shardeum licenses the Shardus software and rewards the development of this technology.