Nischal Shetty announces new Sharding based Blockchain

Nischal Shetty, WazirX founder & CEO, and Omar Syed, a cryptopreneur with prior experience of working at the likes of NASA and Zynga have teamed to build Shardeum, the infrastructure on which the next iteration of the Internet, i.e., Web3 will be built. It is an open-sourced, EVM-compatible sharded blockchain with infinite scalability, true decentralization, and solid security.

Shardeum will use dynamic compute and state sharding to accommodate billions of daily active users, allowing for global-scale decentralized applications. The project will have a native token called SHARD ($SHM) which will be used for running transactions on the network, incentivizing validators, running DApps,

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