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 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 high-speed 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 partnerships with platforms like Immunefi and IceCreamSwap highlight its commitment to security and integration within the DeFi ecosystem.
• The allocation of 3.3 million SHM tokens for testnet airdrops and the $5.4M funding round indicate strong financial backing and community engagement.
• The appointment of Chris Chabot to boost open-source initiatives underscores Shardeum's dedication to innovation and community-driven development.

What critics are saying

• The blockchain space is highly competitive, with numerous Layer 1 platforms vying for market share, which could impact Shardeum's growth.
• The success of Shardeum's community-driven model depends heavily on sustained user engagement and participation, which can be unpredictable.

What makes Shardeum Foundation unique

• Shardeum's dynamic state sharding allows for high-speed parallel processing and low fees, setting it apart from traditional blockchain platforms.
• The platform's community-driven approach, with over 800,000 members running nodes, enhances scalability and decentralization, unlike more centralized competitors.
• Shardeum's combined proof-of-stake and proof-of-quorum consensus mechanism offers enhanced security and efficiency compared to single-method consensus models.