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Shardeum is Borderless

Shardeum is a blockchain that supports EVM smart contracts

By ElationodesPublished about a year ago Updated about a year ago 3 min read
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Shardeum is a decentralized platform that aims to provide secure, transparent, and reliable smart contract services to its users. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist on a blockchain network, and once executed, the terms of the contract are automatically enforced. This eliminates the need for intermediaries, such as lawyers or banks, to verify and execute agreements, reducing costs and increasing efficiency.

Shardeum was founded in 2018 by a team of blockchain experts and developers, with the goal of creating a platform that would democratize access to smart contract technology. They saw a need for a platform that could be used by businesses and individuals alike, and that would offer a more cost-effective and secure way to execute contracts.

Shardeum's smart contract platform is built on the Ethereum blockchain, which is one of the most popular blockchain networks in the world. Ethereum allows developers to build decentralized applications (dapps) on its network, including smart contracts. Shardeum leverages this technology to provide its users with a robust and flexible smart contract platform.

One of the key benefits of Shardeum is its ability to facilitate secure and transparent transactions. Because smart contracts are stored on a decentralized blockchain, they are virtually immune to hacking or tampering. This means that once a contract is executed, it cannot be altered or reversed. This level of security is especially important for businesses, where financial transactions are often high-stakes and sensitive.

Shardeum also offers a high degree of transparency, as all transactions are recorded on the blockchain and can be accessed by anyone with internet access. This makes it easy for businesses to audit their transactions and ensure that they are complying with relevant regulations. It also provides a way for businesses to build trust with their customers, as they can demonstrate that they are operating in a fair and transparent manner.

Another benefit of Shardeum is its ease of use. The platform is designed to be user-friendly, even for those who are new to blockchain technology. Users can easily create and execute smart contracts using Shardeum's intuitive interface, without needing to have extensive knowledge of coding or blockchain technology.

One of the most innovative features of Shardeum is its ability to create custom smart contracts. Users can tailor contracts to their specific needs, incorporating conditions and clauses that are unique to their situation. This allows businesses to create contracts that are more flexible and adaptable than traditional contracts, which can often be rigid and inflexible.

For example, a business could create a smart contract that automatically releases payment to a supplier once certain conditions are met, such as the delivery of goods. The contract could also include penalties for late delivery or other breaches of the agreement, providing a way to enforce compliance without the need for legal action.

In addition to its core smart contract functionality, Shardeum also offers a range of other services, including token creation and management, digital identity verification, and dispute resolution. These services are designed to complement Shardeum's smart contract platform and provide businesses with a comprehensive suite of blockchain-based services.

Shardeum's token, SHARD ($SHM), is used as a means of payment for services on the platform. It can also be used to stake on the platform, which provides users with additional benefits, such as reduced transaction fees and access to premium features.

Overall, Shardeum is an innovative and forward-thinking platform that is poised to disrupt the way that businesses execute contracts. By leveraging the power of blockchain technology, Shardeum offers a secure, transparent, and cost-effective way to execute contracts, while also providing businesses with the flexibility and customization they need to operate in a dynamic and fast-paced environment.

smart contracttokensproduct reviewethereumblockchain
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About the Creator

Elationodes

Elationodes is a team of experienced DevOps, Designers, Programmers and Crypto Enthusiasts inspired by Web3 Ecosystem.

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