Buy Shardus (ULT)

What is Shardus?

Shardus is a distributed ledger software project designed to support global-scale decentralised applications. Its main focus is to address scalability, decentralisation, and efficiency issues found in traditional blockchains by using innovative technologies like sharding and auto-scaling. This enables high throughput, low latency, and immediate finality while maintaining security and decentralisation.

How does Shardus work?

Shardus leverages a combination of cutting-edge technologies to function efficiently:

• Sharding: It employs compute and state sharding to enhance scalability, allowing billions of daily active users. This method ensures that as the number of nodes increases, so does the network's processing capacity.
• Consensus Mechanism: Utilising a novel mix of Proof-of-Stake (PoS) and Proof of Quorum (PoQ), Shardus ensures validators with a significant stake validate transactions. This combination allows for fast, secure transaction processing.
• Blockless Processing: Transactions are handled individually rather than in groups or blocks, which reduces latency and improves finality.
• Auto-scaling: The network can automatically adjust the number of nodes, aiming for an optimal size, ensuring both efficiency and decentralisation.
• Smart Contracts: Through Shardeum, an EVM-compatible platform built with Shardus technology, it offers high throughput and low transaction fees.

What are the potential use cases for Shardus?

Shardus provides numerous use cases catering to different needs:

• Decentralised Applications: Its technology supports building scalable peer-to-peer networks, smart contract platforms, and other decentralised services.
• Financial Services and Communications: These sectors benefit from its scalable and efficient infrastructure for payments and data transactions.
• Liberdus Network: A specific example includes the Liberdus peer-to-peer payment network, highlighting Shardus's functionalities in real-world settings.

What is the history of Shardus?

The history of Shardus outlines its evolution and milestones:

• Founding: Originally known as Unblocked Ledger Coin, it rebranded to Shardus as its vision and technology expanded.
• Technological Advances: Development included unique consensus algorithms like PoQ and PoS, and demonstrated auto-scaling and linear scaling capabilities.
• Ecosystem Growth: Projects like Liberdus and Shardeum illustrate its practical applications and partnerships, boosting its presence in the decentralised technology landscape.
• Market Development: Shardus has continued to grow, with adaptations in technology, such as transitioning its code base to TypeScript, and maintaining a strong market valuation.