### What is Shido?

Shido (**SHIDO**) is a decentralised **Layer 1 blockchain** and **DeFi ecosystem** built on the **Cosmos network**. It combines the interoperability of **Cosmos**, the development capabilities of **EVM** and **WASM**, and a **Proof-of-Stake (PoS)** consensus mechanism. Shido offers infinite scalability, high transaction speeds, and low fees, aiming to revolutionise the DeFi landscape with advanced blockchain technology.

### How does Shido work?

Shido operates on the **Cosmos network**, leveraging the following key components:

- **Interoperability:** Supports seamless interaction between Cosmos, EVM, and WASM ecosystems.  
- **Consensus Mechanism:** Utilises the **Tendermint Consensus Engine**, a PoS-based protocol for fast and secure transactions.  
- **Smart Contract Compatibility:** Enables developers to deploy smart contracts using **EVM** and **WASM** technologies.  
- **Sustainability:** Implements a **carbon-neutral program** to minimise environmental impact.  

Shido also integrates a comprehensive suite of applications, including a DeFi wallet, DEX platform, and governance tools.

### What are the potential use cases for Shido?

Shido offers a wide range of applications across the DeFi and blockchain space:

- **DeFi Aggregator:** Combines cross-chain swaps, liquidity protocols, and perpetual trading on the Shido DEX Platform.  
- **Multi-Chain Wallet:** The **Shido App** provides a non-custodial crypto wallet for managing assets across chains.  
- **Crypto Debit Card:** The **Shido DeFi Card** allows users to spend crypto worldwide.  
- **Staking and Delegation:** Enables users to earn rewards by participating in network security.  
- **Play-to-Earn Gaming:** Features games like **Shido Ball** and **Shido Ninja**.  
- **Governance:** Offers decentralised governance through community voting mechanisms.  

These use cases extend Shido’s utility across industries such as **DeFi**, **gaming**, **financial services**, and **blockchain technology**.

### What is the history of Shido?

Shido was founded by **Bjorn Bonnevier**, who serves as the CEO, with contributions from a dedicated team of industry professionals:

- **Einar M:** COO & CFO.  
- **Adem Yazid:** Head of Development.  
- **Cyborg M:** Head of Growth.  

Key milestones in Shido’s journey include:

- **Launch on Binance Smart Chain (BSC):** Establishing its initial presence on a major blockchain.  
- **Expansion to Ethereum:** Integration via an **ETH-Bridge** to enhance cross-chain compatibility.  
- **Development of the Shido Network:** Transition to its native Layer 1 blockchain.  
- **Launch of Shido DeFi Tools:** Introduction of the **Shido DEX Platform** and **Shido DeFi Card**.  
- **Sustainability Initiatives:** Implementation of a carbon-neutral program to align with eco-friendly blockchain goals.  

Shido has also partnered with notable organisations, including **AWS**, **Alchemy Pay**, and **BNB Chain**, solidifying its position as a growing blockchain ecosystem.

Shido [OLD]

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