Introducing Shardus


The first linearly-scalable, truly decentralized, sharded ledger.

Shardus is building a sharded distributed ledger to remedy the problems of traditional blockchains -- scalability, decentralization and security. The technology being developed will use compute and state sharding to accommodate billions of daily active users, allowing for global scale decentralized application. The first application built with this technology will be a payment network and coin called Liberdus.

Technology

All peer-to-peer networks built using Shardus will benefit from sharding and auto-scaling to provide high throughput, low latency, and immediate finality while maintaining the highest level of decentralization and security.


The supporting technology that allows for these features is our unique Shardus Consensus Algorithm, which is based on Proof-of-Quorum, in combination with the Shardus Distributed Ledger, which addresses the problems of linear scaling and state sharding as the network grows.

Features

Shardus logo
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Fast

Transactions are processed immediately and not grouped into blocks resulting in fully confirmed transaction times of just a few seconds.
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Scalable Processing

Transactions are routed to groups of nodes (shards) so that not all nodes have to process all transactions and the network can scale to millions of transactions per second.
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Scalable Storage

State data is distributed across multiple shards resulting in networks that can hold trillions of accounts without requiring each node to provide petabytes of storage.
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Truly Decentralized

Off the shelf computers can be used as full nodes to earn a steady regular income without joining mining pools and providing the highest level of decentralization.
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Secure

Proof-of-Quorum consensus provides the highest level of security and data consistency while maintaining energy efficiency.
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Sustainable

Fixed periodic distributions given to nodes for providing resources removes the variance in reward and allows for long-term sustainable incentives.

Token

To incentivize development of Shardus, we will be issuing an ERC-20 token that will be given to developers who contribute to the project. A max supply of 1,000,000,000 (one billion) Shardus tokens (ST) will be created. Unissued tokens will be burned upon release of the Shardus main network. A report of issued tokens will be published each month.


The Shardus Token was previously called the "Unblocked Ledger Token" with the symbol ULT. It may still be listed on other sites and exchanges with this name and symbol.

Bounties

We offer various bounties for social media influencers, video production, referring developers and more. Current bounties can be found here.


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Roadmap

  • Q4 2011

    ✓ Research Started

    Simulation and study of consensus algorithms started.

  • 2017

  • Q2 2017

    ✓ Consensus Algorithm Defined

    Specifications for Shardus Consensus Algorithm completed.

  • Q3 2017

    ✓ Sharding Specs Defined

    Specifications for Shardus Distributed Ledger completed.

  • Q4 2017

    ✓ Consensus Algorithm Testing

    Small-scale testing of the Shardus Consensus Algorithm was carried out.

  • Q1 2018

  • Q1 2018

    ✓ Legal Counsel

    Legal opinion on the project funding model was obtained.

  • Q1 2018

    ✓ Launch Preparation

    The website and whitepaper were developed.

  • Q2 2018

  • Q2 2018

    ✓ Project Launch

    The Shardus project was officially launched.

  • Q2 2018

    ✓ Team Expanded

    The core team has been expanded with more developers.

  • Q3 2018

  • Q3 2018

    Further Algorithm Testing

    Large-scale testing of the Shardus Consensus Algorithm will be carried out.

  • Q3 2018

    Node Software Development

    The Shardus node software will be developed.

  • Q3 2018

    Mobile and Web Wallet Development

    The mobile and web wallet software will be developed.

  • Q4 2018

  • Q4 2018

    Defensive Provisional Patents

    We plan to file defensive provisional patents to protect the technology developed in this project.

  • Q4 2018

    Liberdus Test Network

    The test network should be up for public testing during this time.

  • Q4 2018

    Mobile and Web Wallet Release

    The mobile and web wallets will be available for use with the test network.

  • Q4 2018

    Liberdus Network Explorer

    The Liberdus network explorer will be released for testing.

  • Q1 2019

  • Q1 2019

    Liberdus Main Network

    The main network for Liberdus should be up and ready for use.

Team

Aamir Syed
Aamir Syed

Developer

Aaron Sullivan
Aaron Sullivan

Developer

Carlos Alberto de Araujo Barreto
Carlos Alberto de Araujo Barreto

Developer

Curt Phillips
Curt Phillips

Developer

Derrick Farris
Derrick Farris

Developer

Dmitry Yakov
Dmitry Yakov

Developer

Erik Xavier
Erik Xavier

Developer

Gani Padela
Gani Padela

Developer

Maher Ben Taleb Ali
Maher Ben Taleb Ali

Developer

Omar Syed
Omar Syed

Developer

Ryuhei Matsuda
Ryuhei Matsuda

Developer

Salman Ahmad
Salman Ahmad

Developer

Sameer Siddiqui
Sameer Siddiqui

Developer

Thant Sin Toe
Thant Sin Toe

Developer

Viktor Zhirkov
Viktor Zhirkov

Developer

Michael Mayes
Michael Mayes

Evangelist

Marc Mattox
Marc Mattox

Community Relations

James Ross
James Ross

Community Relations

Grant Gulovsen
Grant Gulovsen

Legal Advisor

Joe Schloesser
Joe Schloesser

Advisor

Ghousuddin Syed
Ghousuddin Syed

Advisor

You?
You?

Developer

FAQ

What is Shardus?

Shardus is a project building the base software for a linearly scalable, truly decentralized, sharded ledger. This software can be used as a starting point for other public or private decentralized applications by adding a custom transaction layer. Decentralized application which are built using Shardus will be able to scale to accommodate more throughput as demand grows, by adding more nodes to the network. The first application to use Shardus is the Liberdus payment network and coin.

What is Liberdus?

The first application built using the Shardus software will be the Liberdus payment network and coin. Liberdus will have very fast transaction times, very low transaction fees, and sustainable rewards for validators. Liberdus holders can participate in the future direction of the network by voting on economic parameters like transaction fees, validator rewards and a maintenance fund.

Is there a token for this project?

Yes, there is a token on the Ethereum network called Unblocked Ledger Token (ULT). In the near future this token will be renamed to Shardus (SHRD). The token is given in exchange for code development and bounty completion. The token is given at a rate of $0.10 per token. The token is not sold in a presale or an ICO.

How can I obtain tokens?

There are several ways. If you are a developer you should fill out the Join form and apply to join the development team to earn tokens that way. We also post bounties from time to time and you can earn tokens by completing them. You can also buy or sell the tokens from the Bancor.network decentralized converter.

Is the Shardus project open source?

Once the project is completed, the source code will be made available under a Creative Commons BY-NC-SA license with a restriction on commercial use. After 10 years, it will be available under a Creative Commons BY license with no restrictions. Anyone interested in reviewing the code during development, may do so with a NDA which expires after the code is released.

Is this project similar to EOS?

In some ways it is similar to EOS since we are both building platform software and are distributing a token that can later be transferred to the network developed by the project. However, our network is technically very different in many ways. One key difference is our goal of maximum decentralization with many nodes able to join the network and low resource requirements for the nodes.

Where can I get answers to more questions?

You can check the Advanced FAQ on our Project Wiki. If you still have questions, email [email protected] or ask on our subreddit r/Shardus.

Join Us

The development of Shardus will be incentivized by distributing the Shardus Token for code development and other bounties. There will not be any presale or ICO. If you are excited about this project and want to earn the Shardus Token, please apply to join our team. We are always looking for talented Node.js, Go and Haskell developers.