Shardeum Foundation

Shardeum Foundation

Decentralized Layer 1 blockchain platform

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. 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, allowing over 800,000 members to run nodes that enhance network efficiency, and it employs dynamic state sharding for high-speed transaction processing. The company's goal is to provide a fast, scalable, and secure blockchain environment that empowers users and developers.

Company Stage

Seed

Employees

51-200

Industries

Cybersecurity, Crypto & Web3

Total Funding

$23M

Headquarters

Zug, Switzerland

Founded

2022


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Simplify's Take

What believers are saying

  • Growing demand for EVM-compatible chains benefits Shardeum's platform and developer adoption.
  • Partnership with Immunefi enhances security, crucial for user trust and platform reliability.
  • Rising interest in DeFi and NFTs increases demand for scalable, low-cost platforms like Shardeum.

What critics are saying

  • Competition from EVM-compatible blockchains like Binance Smart Chain may impact market share.
  • Reliance on community-driven node participation poses risks if engagement decreases.
  • Mainnet launch risks include potential technical issues or security vulnerabilities.

What makes Shardeum Foundation unique

  • Shardeum uses dynamic state sharding for linear scalability and low transaction costs.
  • The platform is EVM-based, allowing compatibility with existing Ethereum tools and infrastructure.
  • Shardeum's community-driven model enhances scalability and user engagement through node participation.

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Growth & Insights
Headcount

6 month growth

3%

1 year growth

2%

2 year growth

2%

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