What is Shardeum?

Shardeum is an EVM compatible sharded blockchain with infinite scalability, true decentralization and solid security. 

Shardeum aims to be a chain capable of onboarding over a billion people to the blockchain and crypto revolution. Shardeum, like the Internet will be open, collaborative and community driven that would democratize accessibility to decentralization. Shardeum will be the infrastructure on which the next iteration of the Internet which is Web3 will be built on.

Shardeum Use Cases

P2P Transfers

Shardeum’s unique architecture ensures immediate finality and high throughput that increases linearly with the network. This would encourage more Peer to Peer (P2P) transfers and exchange of digital assets on the network with low transaction fees.

DApps

DApps (Decentralized Applications) can be built on Shardeum regardless of the underlying coding language through the EVM (Ethereum Virtual Machine) that provides developers with a distinct and accommodating experience.

DeFi

DeFi (Decentralised Finance) a term for P2P financial services. DeFi protocols can be developed for lending, borrowing, trading etc which will benefit from being transparent, accessible, fair, and free through the Shardeum network

NFT

NFT (Non-Fungible Token) represents ownership of digitally unique items. NFTs can be minted, purchased, sold, or traded. Shardeum plans to implement its own version of NFTs in the future and build a bridge to facilitate transfer of such assets between other blockchains

Web 3.0

Web 3.0 is the next iteration of the internet which will operate through open, trustless and permissionless networks. Shardeum can be the ideal platform on which these applications and services would be built on making the Web 3.0 integrated, interoperable, and automated by smart contracts.

Conclusion

We do hope this post helps you understand the answer to essential questions like what is Shardeum? and more. The Shardeum team and community are operating with a goal to create the ultimate solution to the blockchain scalability trilemma, and launch blockchains that are highly scalable without compromising on either security or decentralization. As we walk the path of true decentralization, we do hope you’ll join us and bring your dream web3 projects to life on Shardeum! 

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