ICECREAMSWAP BLOCKCHAIN INSIGHT “SHARDEUM BLOCKCHAIN”.

IceCreamSwap Blockchain Insight is a series of informative articles designed to educate our users on the different blockchains we support. In this article, we will focus on the Shardeum Blockchain. (Currently 12 unique blockchains). Our spotlight blockchain in this article is the “Shardeum Blockchain”.

Shardeum is a smart contract platform that uses Ethereum Virtual Machine (EVM) and dynamic state sharding to achieve linear scalability, true decentralization, and solid security. Shardeum uses breakthrough technologies like Dynamic State Sharding and Proof of Quorum allowing atomic processing of cross-shard transactions. This means Shardeum can increase its TPS capacity with each validator added to the network to retain low gas fees forever. Shardeum provides the highest throughput capacity of any EVM based L1 without sacrificing decentralization. Thus revolutionizing DeFi platforms like IceCreamSwap has deployed their smart contract on Shardeum.

Note: Sharding is a process that divides a blockchain network into smaller, more manageable units called shards. Each shard processes a subset of the network’s transactions independently, which allows for parallel processing and increases the network’s overall capacity.

Shardeum consensus models mechanism:

Shardeum uses the popular Proof of Stake (POS)in combination with its newly developed model “Proof of Quorum (POQ)”. Shardeum’s consensus model requires validators to stake $SHM tokens (Shardeum’s governance token) in order to reach consensus on transactions at the individual level, using proof of quorum. If a validator attempts to act maliciously, their staked tokens will be slashed. Shardeum blockchain also uses Dynamic Sharding which allows more transactions to be processed per-second as more nodes are added to the network. Therefore making Shardeum super fast.

Note: In Shardeum’s dynamic state sharding; shards are reorganized to adapt to network changes, such as splitting or merging shards, adding or removing nodes, or redistributing nodes across shards. This helps maintain an optimal balance between load and resources, ensuring efficient and secure network operation.

Shardeum Blockchain Unique features:

Here is a more detailed overview of Shardeum’s key features:

• Dynamic state sharding: This unique sharding mechanism allows Shardeum to scale horizontally, meaning it can process more transactions without sacrificing security or decentralization.
• Proof of Quorum (PoQ) consensus: Shardeum’s Proof of Quorum (PoQ) consensus mechanism is more efficient and energy-saving than Proof of Work (PoW), and it also helps to prevent malicious behavior from validators.
• Atomic composability: Shardeum’s atomic composability feature allows smart contracts to interact with each other across shards without any risk of failure. This is essential for many complex DeFi applications.
• EVM compatibility: Shardeum is compatible with the Ethereum Virtual Machine (EVM), so developers can easily deploy existing Ethereum smart contracts on Shardeum. This makes it a good choice for developers who are already familiar with Ethereum or other EVM-compatible blockchains.
• Low gas fees: Shardeum’s dynamic state sharding, Proof of Stake and Proof of Quorum (PoQ) consensus mechanisms help to keep gas fees low, even during periods of high network traffic.
• Fast transaction times: Shardeum blockchain can process up to 100,000 transactions per second, making it one of the fastest blockchain platforms available.
• High security: Shardeum’s dynamic state sharding, PoS and PoQ consensus models adds an extra layer of security compared to other EMV-compatible blockchains, making the Shardeum blockchain highly secure.

Easiest Way to Get Started on Shardeum Blockchain:

Although Shardeum blockchain is still in testnet, the easiest way to get started with Shardeum is through IceCreamSwap Dex.

IceCreamSwap is a decentralized exchange (DEX) that provides a variety of multi-chain solutions, liquidity incentives, Security verification, and multichain bridging.

On IceCreamSwap Dex, users can utilize the Shardeum blockchain seamlessly. To do that you just need to get the $SHM test token facet options (Shardeum Discord Faucet, Chaindrop Faucet Website, DotShm Faucet Website).

Once you have received the $SHM test token, navigate to www.IceCreamSwap.com, change your network to Shardeum (Testnet) and then connect your wallet. Currently, users can trade the $SHM test token and even provide liquidity on IceCreamSwap.

Note: Other unique features of the IceCreamSwap DEX, such as Token Deployer, liquidity farming,Token locker and analytics, will be available immediately after the Shardeum mainnet release.

In summary, Shardeum is a Layer-1 EMV compatible blockchain, it utilizes its unique consensus models (Dynamic state sharding, POS and POQ) to provide fast, secure and reliable blockchain services. IceCreamSwap is a multi decentralized exchange (DEX) on Shardeum blockchain that provides DeFi services to Shardians. Users can trade and provide liquidity on Shardeum blockchain via the IceCreamSwap Dex. Other unique features of the IceCreamSwap DEX, such as Token Deployer, liquidity farming, Token locker, and analytics, will be available immediately after the Shardeum mainnet release.

Useful links:

Website: https://IceCreamSwap.com/

Telegram: https://t.me/IceCreamSwap_com

Twitter: https://twitter.com/icecream_swap

Discord: https://discord.com/invite/dVZm67rt4S

official medium: https://icecream-swap.medium.com/

IceCreamSwap wiki : wiki.icecreamswap.com/

Shardeum website: https://shardeum.org