What is Shardeum Technology?
Shardeum is one of the blockchain technologies and they are EVM (Ethereum Virtual Machine)based compatible sharded blockchain and they are layer 1 sharded blockchain. It is one of the Earliest blockchains in web3. And this is the blockchain with infinite scalability, true decentralization and solid security. The guiding principles of Shardeum will be based on OCC (Open, Collaborative and Community driven) that would democratize accessibility to decentralization.
Founders Of Shardeum
Co-Founders of Shardeum are Omar Syed and Nishal Shetty also a founder of the Indian crypto exchange Wazirx and CEO of Wazirx. The announcement of the Shardeum blockchain was in the year 2021. Omar Syed started building this Shardeum blockchain in 2017 and later in 2019 Nischal Shetty joined him as a cofounder and it was launched in the year 2021.
Aims of Shardeum for the future's technology
Shardeum aims to bring billions of people into web3 decentralized finance and not only finance decentralized applications and their goal is to make people have their privacy from financial networks and applications. And they want people to know more about web3 technologies which will be the future of our technologies. And Shardeum will be the earliest blockchain technology in the future.
And web 3.0 will be the next iteration of the network and people may feel safe using DApps(decentralized applications), Defi(decentralized finance) will become common in our life in the upcoming days.
What is meant by DApps, Defi, and NFTs?
Developers can build DApps(decentralized applications), and Defi(decentralised finance) for financial platforms using this blockchain and also trading apps and they may also mint NFTs (Non-Fungible Tokens), which can also be sold and also can be traded. And Shardeum is in a plan to develop its own NFTs and bring them into the market.
DApps can be developed using the coding language of this blockchain through EVM (Ethereum Virtual Machine).
Using Defi (decentralized finance) protocols you can make your transaction easy and transfers within minutes which make people an easy way to transfer Peer-2-Peer. And it will be safer.
Shardeum has a uniqueness of immediate financing which are completely decentralized and not in the control of Shardeum. And they can also develop smart contracts.
P2P Services(Peer-2-Peer)
P2P is nothing but they are Peer-2-Peer transactions, this means that the transactions are completely transparent and Defi protocols are developed for lending, trading and borrowing. They are developed using Peer-2-Peer services and they have decentralized, no other third parties like banks or payment providers are not involved during transactions and so they are completely safe for finance.
Shardeum's Testnet Airdrops
Shardeum's testnet is testnet that is released for testing the network for developers' purposes, it cannot be sold and they do not charge any claim fees. Shardeum's testnet airdrops are still available to claim. After performing depending on the performance of the testnet, the team will then launch the mainnet version of the blockchain, which is (ideally) fully deployed and functional.