Shardeum is an EVM-compatible layer-1 blockchain that utilizes dynamic state sharding and a combined proof-of-stake and proof-of-quorum consensus mechanism to achieve linear scalability and low transaction fees. It enables community participation in node operation, enhancing decentralization and increasing transaction throughput while maintaining robust security.
Funding
$23.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing blockchain networks struggle to scale transaction throughput without sacrificing decentralization or increasing transaction fees, hindering their ability to support mass adoption and complex decentralized applications (dApps). The limitations of traditional blockchain architectures often result in network congestion and high gas costs, creating a poor user experience.
Solution
Shardeum is an EVM-compatible layer-1 blockchain designed to achieve linear scalability, low transaction fees, and true decentralization through dynamic state sharding and a hybrid consensus mechanism combining proof-of-stake and proof-of-quorum. Dynamic state sharding enables consensus at the transaction level, allowing for parallel processing and increased transaction speeds. The network is designed to be permissionless, allowing community members to operate nodes and participate in network validation, thereby increasing transaction throughput while maintaining robust security. By enabling community participation and auto-scalability, Shardeum aims to provide a foundation for building high-performance, decentralized applications.
Target Audience
Shardeum targets developers building decentralized applications (dApps), enterprises seeking scalable blockchain solutions, and individuals interested in participating in a decentralized and high-throughput network.
Features
- Dynamic state sharding for parallel transaction processing and linear scalability
- Combined proof-of-stake and proof-of-quorum consensus mechanism for enhanced security and decentralization
- EVM compatibility, enabling developers to easily deploy existing Ethereum smart contracts
- Support for community-run nodes, fostering decentralization and increasing network participation
- Automatic node rotation mechanism to enhance security
- Open-source code, promoting transparency and community contributions
- Native support for running a node with one-click setup
- Archiver node verification of validator data to ensure data integrity