About

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 per transaction. It serves a wide range of users, including individuals and businesses, enabling the creation of decentralized applications (Dapps) and NFT transactions. Shardeum stands out with its community-driven model, allowing over 800,000 members to run nodes that enhance network efficiency, and it employs dynamic state sharding for high-speed processing. The company's goal is to provide a fast, scalable, and secure blockchain environment for all users.

Simplify's Take

What believers are saying

• Growing demand for low-cost blockchain solutions aligns with Shardeum's $0.01 transaction fees.
• Partnership with Immunefi enhances security through a bug bounty program.
• Appointment of Chris Chabot boosts open-source initiatives and innovation.

What critics are saying

• Competition from EVM-compatible blockchains like Binance Smart Chain and Polygon.
• Reliance on community-driven node participation may affect scalability if engagement decreases.
• Potential technical challenges during mainnet launch could impact user trust.

What makes Shardeum Foundation unique

• Shardeum uses dynamic state sharding for linear scalability and low transaction costs.
• The platform supports 100,000 TPS with transaction costs around $0.01.
• Shardeum's community-driven model enhances network performance through increased node participation.

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