Shardeum

The launch of the Ethereum blockchain in 2015 demonstrated the ability to deploy Turing complete smart contracts on decentralized, peer-to-peer networks in a transparent and trustless manner. It spawned a multitude of decentralized applications, creating entirely new fields of innovations such as DeFi, AMMs, NFTs, DEXs, etc. In turn, these applications increased demand on the Ethereum network. Due to scalability issues, users faced high transaction fees and long confirmation times, resulting in limited adoption. Other smart contract platforms have been created with higher throughput levels than Ethereum but lack true scalability or decentralization. To address these challenges, we present Shardeum, a sharded, Ethereum compatible, smart contract platform. Shardeum is powered by the Shardus protocol which employs dynamic state sharding, cross-shard atomic composability, auto scaling, linear scaling and many other novel technological innovations designed to solve the scalability trilemma and keep transaction fees low even as adoption increases. We believe sustainably low transaction fees are key to bringing decentralized applications to the masses.