Shardeum (SHM)

What Is Shardeum?

Shardeum is an EVM-based, linearly scalable smart contract platform that provides low gas fees forever while maintaining true decentralization and solid security through dynamic state sharding.

Shardeum Unique Features

EVM-based layer 1 blockchain

Any dApp that can run on the Ethereum Virtual Machine will seamlessly run on Shardeum.

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.

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.

Immediate finality & low latency

All transactions are guaranteed to be processed within a few seconds to ensure low latency and are irreversible once processed to achieve immediate finality.

Solid security

A leaderless Proof-of-Quorum (PoQ) consensus algorithm, Proof-of-Stake (PoS) with slashing, standby nodes, node rotation and permissionless participation all contribute to increasing the security of the network.

High fairness & energy efficiency

Shardeum processes transactions on a first-come, first-served basis, with the same gas rate for all transactions to ensure fairness and eliminate miner extractable value. As a PoS network, Shardeum is energy efficient and sustainable.

Roadmap

2017 – 2021

Consensus algorithm defined and tested

Auto scaling and rate limiting an unhardened network of 20 nodes

Linear scaling (small sharded nodes)

Small / medium AWS network

– 100 nodes = 500 TPS

– 200 nodes = 1000 TPS

– 1000 nodes = 5000 TPS

Q1 2022

Initial Prototype

– Demo of EVM integration with Shardus

Shardeum Foundation structured in Switzerland

Q2 2022

Alphanet 1.0 launch

– 20 node unsharded network operated by Shardeum

– Send transactions and deploy smart contracts

– Deployed to individual medium nodes on AWS in different regions

Private sale started

Q3 2022

Alphanet 2.0 launch

– 50 node sharded network operated by Shardeum

– 10 node shard size

– 5 archive nodes

– Deployed to individual medium nodes on AWS in different regions

– First smart contract platform to implement EIP2930

Private sale finished

Q4 2022

Betanet launch

– Community can operate validator and archive nodes

– Minimum network size of 1280 nodes with 200 TPS

– Sharded network with shard size of 128 nodes

– Node rotated between standby and active

Detailed toke metrics

Token Distribution

Node mining: 51% ( 259.08 Million SHM)

Sale: 18%  ( 91.44 Million SHM)

Team: 15% ( 76.20 Million SHM)

Foundation: 15% ( 55.88 Million SHM)

Ecosystem Airdrops: 5% ( 25.40 Million SHM)

Token Release Schedule

TBA

Partners & Advisors

TBA

Team

Investors

Jane Street, Struck Crypto, Spartan, Big Brain Holdings, DFG, Foresight Ventures, Jsquare, WEMIX, Coingecko, Gains Associates, Maple Block, Cogitent Ventures, Veris Ventures, Nest coin, Balaji Srinivasan, GHAF Capital Partners.