Shardeum is a new layer-one smart contract platform that aims to improve upon current platforms like Ethereum, focusing on better scalability and decentralization. It's designed to support decentralized applications and asset transfers efficiently.
Shardeum
Infrastructure
DeFi
Description
Here’s how it works:
- Dynamic State Sharding: Shardeum uses a method called dynamic state sharding to grow its capacity as more nodes join. This helps the network handle more transactions as it grows.
- Transaction-Level Consensus: Unlike other platforms that reach consensus at the block level, Shardeum does this at the transaction level. This means faster and more efficient processing across different parts of the network (shards).
- Ethereum Compatibility: Shardeum works well with Ethereum applications. Developers can use Solidity and Vyper, which are popular languages in the Ethereum community. Shardeum plans to have a user-friendly explorer, similar to EtherScan.
- Solving Key Issues: Shardeum addresses common blockchain problems like low Transactions Per Second (TPS), high transaction fees, and the balance between scalability and decentralization.
- Unique Features: It stands out from other sharding platforms with its approach to consensus, sharding, and compatibility with the Ethereum Virtual Machine (EVM).
In summary, Shardeum is a smart contract platform that offers scalable, secure, and decentralized solutions for applications, aiming to overcome limitations of platforms like Ethereum. It's user-friendly and geared towards the current needs of the blockchain community.