Shardeum is a horizontal solution that scales via sharding.
Shardeum claims to be linearly scalable, meaning the network TPS can be increased by adding more nodes. Shardeum’s dynamic sharding structure is complemented by a unique consensus mechanism that combines Proof-of-Quorum (PoQ) and Proof-of-Stake. The combination allows the network to be secured via a trustless collection of votes and staking by validator nodes.
In addition, consensus on the Shardeum network is reached on the transaction level rather than the block level. This allows a transaction that affects multiple shards to be processed simultaneously by these shards rather than consecutively as with block-level consensus.
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Shardeum has launched the Devnet and is preparing for the testnet launch. The detailed launch date of its mainnet is not disclosed yet.
The max supply of $SHM is 508,000,000.
- Node Mining 51%
- Sale 18%
- Team 15%
- Foundation 11%
- Ecosystem 5%
Dynamic Sharding
Shardeum has yet to release details about its sharding technology. But on a high level, it is unique because it is dynamic. Nodes on the Shardeum network are not fixed to a particular shard. Instead, they are free to move around to satisfy increasing demand in a particular shard.
Nischal Shetty and Omar Syed co-founded Shardeum. Nischal Shetty is the founder of WazirX, the largest cryptocurrency exchange in India. On the other hand, Omar Syed is the founder of Shardus, a blockchain-based software company focused on sharding and scaling technology.
The team of Shardeum primarily comprises software engineers who worked at WazirX and Shardus.
