Shardeum is a layer 1 blockchain that tries to solve the scalability trilemma. Shardeum is an EVM-based, linearly scalable smart contract platform that provides low gas fees forever while maintaining true decentralization and solid security.
Shardeum’s unique technology is complemented with a unique consensus algorithm that combines Proof-of-Quorum (PoQ) with Proof-of-Stake (PoS). The consensus algorithms will help secure the network through a trustless collection of votes and staking by validator nodes. Each transaction is processed in the order received before being grouped into blocks/partitions. Consensus on the network is done at the transaction level instead of the block level, allowing a transaction to be processed simultaneously across shards rather than consecutively as with block level consensus.
Transaction level consensus eliminates the complexities needed to ensure atomic processing, otherwise required by block level consensus platforms. This further results in immediate finality and low latency, which prevents network congestion. A detailed explanation of Shardeum’s consensus algorithms will be added to this documentation in the upcoming months.
EVM based layer 1 network
Since you just need to deploy a smart contract written in developer-friendly languages like Solidity & Vyper on Shardeum, it is tailor-made for both new & existing developers to build dApps within minutes.
Linear scalability & low gas forever
Every node that joins the Shardeum network immediately increases the transactions per second (TPS) and total capacity of the network to achieve linear scaling and ensure low transaction fees even as the usage grows.
Dynamic Sharding & Atomic Composibility
Nodes on Shardeum are assigned dynamic address ranges across multiple shards. Since the consensus takes place at the transaction level, the network will retain parallel and atomic processing of transactions resulting in immediate finality/very low latency.
Anyone can operate a node
Hardware requirements to operate a validator node are kept low by offloading historical data to archive nodes and adding more nodes to reduce the load on each validator.
Autoscaling & High fairness
Shardeum will autoscale based on demand in the network keeping its operational cost low while maintaining low gas fees. The network will further process transactions on FCFS basis to ensure fairness eliminating miner extractable value (MEV).
Solid security
A leaderless Proof-of-Quorum (PoQ) consensus algorithm, Proof-of-Stake (PoS) with slashing, standby nodes, node rotation and permissionless participation - all contributes to boost the security of the network.
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Phase 5
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