The bitcoin peer-to-peer network software is an engineering marvel. It does not invent anything
new, but rather combines existing cryptographic primitives in a novel way to solve the problem
of trust less value transfer over the Internet. Shardus key technological elements used in bitcoin such as hashing, digital signatures and communication protocols existed decades before bitcoin was released. Even with some of the best minds working for years to find a way to transfer value over the Internet, without requiring a trusted third party, it was only within the last decade that a solution to this problem was demonstrated with the release of bitcoin. Solving this problem was such a big achievement, that the finer details of just how efficient or scalable the actual solution was did not matter very much.
Shardus small community of users quickly adopted it for the astonishing fact that it provided, for the first time, a trust less payment network along with a very transparent and rule-based money supply. It soon became apparent that bitcoin left considerable room for experimentation, and many academics and engineers began releasing variations to try and improve it. Litecoin tried to make it a bit faster and more decentralized. Ethereum added a Turing complete smart contract layer. Peercoin and Nxt tried to make it more energy efficient. Dash and Monero tried to make it more anonymous.
Shardus Key Information
|Hard cap||150,000 ETH|
|Distributed in ICO||55%|
|Tokens for sale||——-|
|Price in ICO||0.1000 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Shardus
The Shardus project aims to build novel distributed ledger technology which incorporates
shading and auto-scaling to provide high throughput, low latency, and immediate finality while
maintaining the highest level of decentralization and security possible. The technology being
developed will use compute and state sharding to accommodate billions of daily active users,
allowing for global scale decentralized applications. The key components which make this
possible are the Unblocked Sharded Ledger and the Unblocked Consensus Algorithm which is
based on Proof-of-Quorum.
The first application of this technology will be a peer-to-peer payment network called Liberdus
with a native coin that is earned by nodes which contribute resources to the network. Liberdus
will serve not just to provide a coin and payment network, but to also showcase novel distributed ledger technology developed by Shardus. Liberdus will inherit the distributed ledger technology of Shardus and add self-governance and a development fund. This will allow the coin holders to vote on economic parameters of Liberdus, as well as projects to further enhance and promote Liberdus.
To provide the many features listed above, Shardus will use a blockless approach combined with both compute and state sharding. In blockchain-based networks, transactions are grouped into blocks that have a size and generation rate determined by the network. In a blockless network, the transactions are processed independently without being grouped into blocks. A blockchain-based approach may appear to be more efficient since it groups transactions together and benefits from economies of scale. However, they believe that the blockchain-based approach also introduces many complications which are avoided by a blockless approach.
The project will be developed by incentivising code contributors and bounty participants with
Shardus Tokens (ST). The project will create the Shardus software and use it to launch the
Liberdus peer-to-peer payment network. When the Liberdus network is operational, holders of
ST will be able to obtain an equivalent amount of Liberdus Coins (LC) directly on the network while still retaining their ST. The transferable nature of tokens and coins on trustless networks will allow the contributors to exchange ST and LC for products and services as well as other tokens and coins.
The Shardus technology will be used to create the Liberdus payment network and coin. Shardus
expect other projects to fork the software and use it for their own needs. Additional coins with
different economic models or greater privacy can be created as forks of Shardus. Projects can
also fork Shardus to add a virtual machine and smart contract layer. Combining the Shardus
technology with a smart contract layer will allow for easy development of global scale
decentralized applications such as a global identity and reputation network.