Hello, Shardeum: A new "infinitely scalable" blockchain project

Nischal Shetty, Founder and CEO at WazirX, and Omar Syed, Co-founder of Unblocked and Blockchain Architect at Shardus, announced a new project Shardeum, an Ethereum Virtual Machine (EVM)-compatible sharded blockchain, which claims infinite scalability, true decentralisation, and solid security.
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Nischal Shetty, Founder and CEO at WazirX, and Omar Syed, Co-founder of Unblocked and Blockchain Architect at Shardus, announced a new project Shardeum, an Ethereum Virtual Machine (EVM)-compatible sharded blockchain, which claims infinite scalability, true decentralisation, and solid security.

Shardeum aims to solve the biggest issues faced by Layer 1 (L1) blockchains — low throughput and high fees. It will be open, collaborative, and community-driven, and would democratise accessibility to decentralisation, the founders revealed.

Nischal Shetty, Founder of Shardeum, said, “Blockchain scalability is one of the biggest barriers to crypto adoption. Existing infrastructure is slow and expensive. With Shardeum, our goal is to provide the world with a sharded, infinitely scalable blockchain while ensuring true decentralisation.” 

Read more to find out the workings of Shardeum.

Click here for YourStory’s complete coverage of Union Budget 2022.


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Before you go, stay inspired with… 

“Just the way billions of people were onboarded onto the internet in the last decade, billions of users will be onboarded onto Web 3.0 in the next few years.” 

Aakash Kapoor, VP, Sequoia India


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