What is Shardeum?

Shardeum is an EVM-compatible Layer 1 blockchain built to bring India onchain - the world’s largest untapped on-chain market - by offering low fees, fast finality, and scalable performance for both developers and end users.

SHM is the native token and ticker symbol of Shardeum. It powers multiple use-cases including, paying gas fees, validator staking, community rewards, among other use cases - all of which contribute to the network’s security and overall utility.

Key features include:

1. Full EVM smart contract compatibility enabling native deployments of widely used Ethereum protocols, inspired by systems such as Uniswap and Aave for high-growth markets like India, alongside India-first adaptations of viral applications like pump.fun.
2. Proof-of-Stake consensus with delegated staking and fast finality, ensuring efficiency and security.
3. Low fees and high throughput benefitting both developers and end-users.
4. Modular architecture that allows new features to be added in the future without disrupting the network.
5. Permissionless access: Any genuine participant – individual or enterprise, Web2 or Web3 – can build and transact freely without gatekeepers and at negligible cost.

These are all part of Shardeum EVM mainnet’s Phase 1 roadmap. Once Shardeum gains 10 million users in Phase 1, our Phase 2 roadmap will introduce Shardeum’s innovations to scale the network for global adoption.