Alright, let’s hop into the world of Shardeum with a splash of fun and clarity, Pepe style!
What is Shardeum?
Shardeum is like the cool new kid on the blockchain block. It’s an EVM-based, linearly scalable smart contract platform. Fancy words, right? Simply put, it promises low gas fees forever while staying true to decentralization and security, thanks to some snazzy state sharding.
What does Shardeum aim for?
Shardeum is aiming for the stars! It’s designed to onboard over a billion people into the blockchain and crypto universe. Think of it as the internet 2.0, but decentralized, open, and run by the community. It’s like the perfect party everyone’s invited to!
Features of Shardeum?
- Compute and State Sharding: Keeps things smooth and scalable.
- Smart Contracts: The backbone of any cool blockchain platform.
- Energy Efficient: No energy hogging here.
- Auto Scaling: Ready to grow with demand.
- Security: Rock solid.
- Immediate finality: Quick and certain transactions.
- Low transaction fees: Save those pennies!
- Low Bandwidth: Minimal data transfer.
- Low Latency: Quick as a wink.
- High Capacity: Store massive amounts of data.
- High Fairness: First come, first served.
- High Throughput (TPS): Handles lots of transactions per second.
How will Shardeum achieve energy efficiency?
Shardeum uses a super-efficient consensus algorithm, avoiding the energy-guzzling ways of Bitcoin. It’s like switching from a gas-guzzling SUV to a sleek, electric car. Smart, right?
How will Shardeum achieve auto-scaling?
Shardeum is like a pizza place that can automatically hire more chefs when orders spike. It scales the number of nodes based on demand, ensuring smooth service without breaking a sweat.
How will Shardeum achieve Fast Finality?
Transactions on Shardeum are like instant noodles – quick and ready to go! Unlike Bitcoin, where you wait for ages, Shardeum gives you immediate finality, meaning once it’s done, it’s done!
How will Shardeum achieve Low Data Bandwidth?
Shardeum keeps things lean. It’s like sending a short text instead of a long letter. By optimizing data transfer and smart architecture, it minimizes the bandwidth needed for transactions.
How will Shardeum achieve Low latency?
Low latency means speedy transactions. Shardeum processes each transaction individually and quickly, like a barista making your coffee right when you order it.
How will Shardeum achieve High capacity?
Shardeum can handle a massive amount of data, like a warehouse with endless shelves. It’s designed to store global-scale applications, ensuring it never runs out of space.
How will Shardeum achieve High fairness?
Fairness is the name of the game. Shardeum processes transactions in the order they’re received, ensuring everyone gets a fair shot, no VIP line here!
How will Shardeum achieve High throughput?
Shardeum is like a highway with tons of lanes. It can handle a vast number of transactions per second by adding more nodes, ensuring smooth traffic flow without bottlenecks.
Types of Nodes in Shardeum?
- Validator Nodes: Validate transactions and keep things in check.
- Archive Nodes: Store the entire transaction history.
- Standby Nodes: Ready to jump in during traffic spikes.
Wallet Compatibility?
Any EVM-based wallet works like a charm on Shardeum. Plus, developers can create new Shardeum wallets as dApp utilities.
Dynamic State Sharding?
This is where Shardeum shines! Unlike static sharding, dynamic state sharding allows for true linear scaling. Each new node added increases the TPS, making it super efficient and scalable.
Comparing Shardeum to Other Chains?
Shardeum stands out with its dynamic sharding, EVM compatibility, low fees, and high throughput. It’s like comparing a sports car to regular sedans – sleek, fast, and efficient.
Testnet SHM?
Want to test Shardeum? Head to their Discord, verify your account, and claim your testnet SHM. It’s like getting a sneak peek at the next big thing!
Additional Swaps:
- Go to TowerSwap.
- Connect your wallet (make sure it’s on Shardeum Sphinx 1.X chain).
- Experiment with available pairs.
Create and Mint NFTs:
- Head to NFTs2Me.
- Connect your wallet on Shardeum Sphinx 1.X chain.
- Fill out the required information for your NFT.
- Select the “Mint NFTs” option.
- Hit “Add account” and input your address.
- Click “Deploy and Mint”.
Step-by-Step Guide to Participate in the Shardeum Airdrop
3. Sign Up on the Shardeum Platform
- Go to the Shardeum Incentivized Testnet.
- Connect your MetaMask and click submit. Make sure you join with the referral code to get up to 500 points.
4. Complete Shardeum Airdrop Quests
- Head to Shardeum Incentivized Testnet.
- Complete all quests from Level 1 to Level 4. You’ll need Twitter, Telegram, and Discord accounts.
Faucet
• Go to https://discord.com/invite/shardeum
• Then navigate to #faucet
• Request tentnet tokens $SHM
For Level 4, here are the answers:
Quiz 1: Quiz is closed
Question: What is Shardeum’s mission statement?
answers: Decentralization for everyone
Question: What % of SHM coins is allocated as node rewards?
answer: 51%
Quiz 2: Shardeum Challenge!
Question: Which of the following features is among the innovative solutions developed by shardeum to solve the blockchain trilemma ?
Answer: Autoscaling
Question: What is one of the ultimate outcomes achieved by Shardeum’s innovative protocol?Answer: lower gas fees forever
Question: What types of sharing Is used by shardeum?
Answer: Dynamic state sharding
Question: Which programming language is used for developing smart contracts on Shardeum?
Answer: Solidity
Vote 2: Vote for your Favorites!
Vote for your favorite blockchain/web3 use case among the options below is decentralized…
Vote for : Finance
Quiz 3: Shardeum Challenge!
Question: Which of the following consensus mechanisms is used by Shardeum?
Answer: Proof of Quorum
Question: What are the three primary types of nodes used by Shardeum?
Answer: Archive nodes. Validator nodes. Standby nodes
Question: How does Shardeum enable anyone to run a (validator) node in return for rewards, unlike other blockchain networks?
Answer: Validators only need to store the state of the accounts they are assigned to which ensures low and affordable hardware requirements
Question: Which type of scalability encounters bottlenecks leading to high gas fees and slow processing times as networks approach their maximum TPS limit?
Answer: Vertical scalability
Question: What type of nodes is used on Shardeum when demand grows on the network?
Answer: Standby nodes
Vote 3: Vote for your Favorites!
Among the options listed here, which is your favorite wallet for holding testnet SHM?
Vote for : OKX WALLET
Vote 4: Vote for your Favorites!
Cast Your Vote for the Shardeum University Course You Are Currently Enrolled In!
vote for : Shardeum 101
Vote 5: Vote for your Favorites!
Which is your go to dApp to run a Shardeum validator node?
Vote for : SuperNoderz
Quiz 4: Shardeum Challenge!
Question: What is Shardeum? Choose the right answer
Answer: EVM Compatible Layer 1 Blockchain
Question: How does Shardeum solve blockchain’s scalability issue in terms of TPS?
Answer: TPS increases by adding more nodes
Question: What enables Shardeum to support parallel transaction execution and achieve instant finality?
Answer: Shardeum processes transactions individually on a FCFS basis
Question: What unique feature does Shardeum offer that ensures transaction interoperability and execution across multiple shards?
Answer: Atomic and cross-shard composability
Question: Why is it ideal for decentralized and distributed networks to scale linearly?
Answer: As networks grow the performance and capacity increases proportionally avoiding bottlenecks and maintaining efficiency
Question: What type of asset is SHM classified as?
Answer: Deflationary
Quiz 5: Shardeum Challenge!
Question: Once archivers have aggregated the essential data from validators on Shardeum, it is the responsibility of ____ to distribute this consolidated data to explorers, RPCs, exchanges etc.
Answer: Relayers
Question: ______ is known as the CEO of Shardeum
Answer: Community
Question: RPC node on Shardeum is also known as ______
Answer: connector node
Question: What is the Sybil deterrence mechanism used in Shardeum’s consensus protocol?
Answer: Proof of Stake
Question: What is the native Shardeum coin and its ticker symbol called?
Answer: Coin – Shard; Ticker – SHM
Question: What classification of blockchain does Shardeum fall under?
Answer: Public blockchain
Question: Which type of node on Shardeum is responsible for storing the blockchain’s history and offloading this task from validator nodes?
Answer: Archive nodes
Vote 6: Vote for your Favorites!
Which is your favorite DEX on Shardeum?
Vote for : Swapped Finance
Vote 7: Vote for your Favorites!
How much testnet SHM do you have in your wallet?
Vote For the right amount you have in your wallet
Quiz 6: Shardeum Challenge!
Question: What are the core principles of shardeum?
Answer: Open Collaborative and Community Driven
Question: When were OCC guidelines formed?
Answer: 2nd Feb 2022
Question: Who can contribute to Shardeum protocol?
Answer: Everyone
Question: According to Shardeum’s core values, who is considered as the “CEO” of the project?
Answer: Community
Question: At Shardeum, community is _____
Answer: Supreme
Quiz 7: Shardeum Challenge!
Question: What is Proof of Community in Shardeum?
Answer: Community meetups/workshops aimed at spreading Web3 awareness
Question: Which of the below options is not part of the Proof of Community campaign?
Answer: Hackathons
Question: How many Proof of Community events have been completed so far?
Answer: 400
Question: How many participants have attended Shardeum’s Proof of Community events so far?
Answer: 24000
Question: In how many countries have Proof of Community events been conducted to date?
Answer: 16
That’s Shardeum, folks! A revolutionary platform that’s ready to take the blockchain world by storm, all while keeping things fun, fair, and efficient. Hop on board and enjoy the ride!
Links:
https://shardeum.org/
https://x.com/shardeum
https://t.co/WsrQSrm1gw