Let’s Get to Know SHARDEUM Today

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1 Jan 2024

Blockchain technology continues to rapidly evolve, and in this ever-changing landscape, Shardeum emerges as a revolutionary solution, offering scalability, decentralization, and security without compromising on any front. Utilizing a Layer 1 architecture based on the Ethereum Virtual Machine (EVM), Shardeum adopts dynamic state sharding to achieve linear scalability while ensuring atomic composability across all conditions.
Understanding Sharding:
Sharding is a fundamental architectural concept that involves breaking down a blockchain network into smaller, manageable pieces known as “shards.” Shardeum adopts a 3-dimensional sharding approach, encompassing State, Network, and Transactions. This approach significantly enhances transaction capacity and overall performance by allowing parallel processing.
EVM plays a crucial role in Shardeum’s architecture, serving to virtualize servers across multiple systems and ensuring high decentralization. Shardeum is EVM compatible, facilitating a seamless migration for Ethereum developers. The network utilizes a unique block production approach to maintain compatibility with block-related opcodes. This information is sourced from the document.
I don’t want to make it too long here, you can look at the details in the document if you want, the links will be available below.
Sphinx Validator Testnet:
The latest Sphinx Validator 1.7.2 testnet was online. However, the network encountered an unknown issue leading to a halt. Developers are actively addressing the problem, and users can expect to resume running nodes once the issue is resolved.
Update: According to the latest announcement from the Shardeum team, the team has fixed the bugs and stated that Sphinx Verifier version 1.8.0 is now live.
Tokenomics and Investment:
Shardeum’s detailed whitepaper, available here, provides essential details. The project includes a 5% airdrop, demonstrating a commitment to sharing tokens with the community. The mainnet is planned for Q1 2024.
Shardeum has secured significant investments, successfully completing a strategic raise of $5.4 million and a seed round raising $18.2 million. Indeed, the project has strong backers. Details can be found in the sources section.
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