Shardeum
Shardeum is an EVM-based blockchain that emphasizes scalability through dynamic state sharding and a unique consensus mechanism, serving a large community with low-cost transactions.
Overview of Shardeum
Shardeum is an EVM-based autoscaling blockchain platform that aims to offer scalable, efficient, and cost-effective solutions for decentralized applications (Dapps). Utilizing dynamic state sharding, Shardeum enhances its scalability while maintaining low transaction costs, estimated at approximately $0.01. The platform incorporates a unique consensus approach that combines proof-of-stake and proof-of-quorum mechanisms. Shardeum is designed to be permissionless and community-run, ensuring an open and inclusive ecosystem for developers and users alike.
Shardeum Community Engagement
Shardeum boasts a vibrant and expansive community, consisting of over 1 million members. The platform has actively engaged with its community by hosting more than 350 Proof of Community events in 18 countries, attracting over 20,000 attendees. These events serve to foster collaboration, knowledge sharing, and community building within the Shardeum ecosystem. This extensive community engagement underscores Shardeum's commitment to being a community-driven platform.
Shardeum Sphinx Betanet
Shardeum offers a Betanet called Sphinx, which is currently live. This Betanet serves as a testing ground for developers to build and deploy auto-scalable Dapps before the platform transitions to its mainnet. Sphinx provides a developer-friendly environment designed to facilitate innovation and experimentation. The insights gained from the Sphinx Betanet are crucial for refining the platform and ensuring a smooth mainnet launch.
Shardeum Tokenomics Model
Shardeum features a tokenomics model with a fixed supply of 508 million $SHM tokens. The distribution strategy is geared towards incentivizing network security and participation, with 51% of the tokens allocated for node mining. This approach aims to cultivate a robust and secure validator network, currently comprising around 1280 validators. The tokenomics model is designed to ensure the long-term sustainability and decentralization of the Shardeum platform.
Shardeum Strategic Funding
Shardeum has secured $5.4 million in strategic funding, which plays a pivotal role in advancing the development of the platform. These funds are allocated towards enhancing technological features, expanding the community, and driving the project's roadmap to its mainnet launch. The strategic funding underscores investor confidence in Shardeum's innovative approach to blockchain scalability and its potential to reshape the landscape of decentralized applications.