Crypto:
29881
Bitcoin:
$68.412
% 1.04
BTC Dominance:
%52.7
% 0.31
Market Cap:
$2.57 T
% 0.03
Fear & Greed:
75 / 100
Bitcoin:
$ 68.412
BTC Dominance:
% 52.7
Market Cap:
$2.57 T

What Is Shardeum (SHM)?

What Is Shardeum (SHM)

 

Shardeum is an EVM-based layer 1 blockchain aiming for unlimited scalability, high security and true decentralization. It also indicates that one of their purposes is low transaction fees. There are lots of beneficial features in the Shardeum blockchain. Some of them can be put in order as follows:

  • Dynamic state sharding: When the network load change, dynamic state sharding can execute. In this way, it ensures that the network will never be slow.
  • Linear scalability: Every node in the network will become more efficient because of linear scalability. Thus, high transaction fees will not be taken from users.
  • Solid security: Shardeum contributes high security in the network because it uses a unique algorithm that assents Proof-of-Quorum (PoQ) with Proof-of-Stake (PoS).

There are also some opportunities for the users. For example, any user can join the network and run a node even If they are not professional. This is because of the fact that the nodes include low hardware requirements.

The Shardeum Ecosystem

The Shardeum Ecosystem

 

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There are many dApps in the ecosystem. DeFi, NFTs, non-custodial wallets and games are some of them. ShardWizard game in the ecosystem has not started yet. The game is play-to-earn NFTs. ShardScape which is created as metaverse on the Shardeum blockchain is also intriguing. Besides Shardeum has three DEX platforms which are live now. Users can make operations such as swap, trade, farm and stake by using DEX platforms. There are 12 non-custodial wallets such as Metamask or OKX wallets in the ecosystem. These wallets can run compatible with platforms. In conclusion, Shardeum gives a lot of opportunities for users.

Who are the investors and partners?

Shardeum received 18.2 million investment at the seed round from more than 50 investors. Some of them are CoinGecko, Jsquare and Big Brain Holding.

shardeum investors

 

What is its Tokenomics?

The maximum supply of Shardeum is 508,000,000. However, the team guarantees that the maximum supply will never reach up to 508M because of burning transaction fees.

What-Is-Shardeum-(SHM)

The distribution of SHM tokens is as below:

  • Node reward (51%)
  • Sale (18%)
  • Team (15%)
  • Foundation (11%)
  • Ecosystem and airdrop (5%)

 


 

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