, as the name suggests, helps split blockchain infrastructure into smaller pieces in an attempt to scale the network. Sharding essentially helps increase block space for more transactions and reduces gas fees.
Shetty told The Block in an interview that Shardeum’s unique advantage is that its base protocol layer has already been built, and now a smart contract platform is getting developed. Shardus, where Syed works as a blockchain architect, has built the base protocol. Shetty further said that Shardeum will be an open project; anyone can join as a validator and help decentralize the network. Shardeum aims to support a million transactions per second, said Shetty, as opposed to thousands of transactions per second by current fast blockchains.
Shardeum plans to keep a majority of its native token SHARD for the community, including validators and developers, said Shetty. The project also looks to raise funds from venture firms, but those investors or the Shardeum team won't hold a large amount of tokens, Shetty added.
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