Overview

Shardeum offers a decentralized Layer 1 blockchain platform that operates on the Ethereum Virtual Machine (EVM), capable of processing around 100,000 transactions per second at a low cost of approximately $0.01. It serves a wide range of users, including individuals and businesses, enabling them to create decentralized applications (Dapps) and manage token transactions. Shardeum stands out with its community-driven model, where over 800,000 members can run nodes to enhance network efficiency, and it employs dynamic state sharding for fast transaction processing. The company's goal is to provide a fast, scalable, and secure blockchain environment that empowers users and developers.

Simplify's Take

What believers are saying

• Shardeum's community-driven model boosts network performance and user engagement.
• Partnership with Immunefi enhances security through a bug bounty program.
• Experienced leaders like Srinivasan Parthasarathy drive innovation and growth.

What critics are saying

• Over-reliance on community participation could lead to network instability.
• Rapid technological advancements may outpace Shardeum's current infrastructure.
• Intensifying competition in Layer 1 blockchain space could erode market share.

What makes Shardeum Foundation unique

• Shardeum uses dynamic state sharding for linear scalability and low gas fees.
• The platform supports 100,000 TPS with a transaction cost of approximately $0.01.
• Shardeum combines proof-of-stake and proof-of-quorum for enhanced security.

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