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 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 transaction processing. The company's goal is to create a fast, scalable, and secure blockchain environment that empowers users and developers.

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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