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Blockchain Shardeum Raises $18.2M to Tackle Slow Traffic, High Fees

by Brandy Betz
October 18, 2022
in Cryptocurrency
Reading Time: 1 min read
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Shardeum is an Ethereum Virtual Machine (EVM)-based sharded blockchain, meaning anything that works on Ethereum can work on Shardeum. Sharding generally refers to splitting a blockchain’s infrastructure into smaller pieces to improve scalability, a noted problem with Ethereum, and improve both transaction times and fees. Shardeum can scale infinitely, expanding transactions per second as demand increases, explained Shetty.



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Tags: 182MblockchainFeesHighraisesShardeumSlowtackleTraffic
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