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NewbieActivity: 7Merit: 0 [ANN] Shardus - the foundation for global scale decentralized applications June 04, 2018, 05:20:30 PM

Last edit: May 14, 2019, 01:25:19 PM by ulcproject #1



The Shardus Project https://shardus.com

The Shardus Project is building the distributed ledger technology to enable global scale decentralized networks. Any developer will be able to fork the Shardus software and modify the transaction layer to create the node software to easily launch a new network. The first network to use this technology will be a payment network and coin called Liberdus.



Main Features of Shardus Technology

The original features of Bitcoin

Double-spending is prevented with a peer-to-peer network. No mint or other trusted parties. Participants can be anonymous.

Sharding of storage, compute and bandwidth to allow unlimited scaling.

High throughput. Transactions per second increases as more nodes join the network.

High capacity. Amount of state data that can be held by the network increases with more nodes.

Low bandwidth. Bandwidth per transaction does not increase with more nodes.

Auto-scaling. Network determines how many nodes will be in the network.

Low latency. Each transaction is processed immediately; no need to wait for the next block.

Fast finality. Transaction is irreversible as soon as it is processed; no probabilistic finality.

High fairness. Transactions are applied in the order received.

Decentralization. Low resource requirements for full nodes.

Many inexpensive nodes provide higher decentralization.

Security. Network designed to be resistant to partitions and malicious attacks.

Main Features of Liberdus

Every full node receives an equal number of newly minted coins on a daily basis. No pools needed.

No transaction fees. Spam transactions prevented by per transaction POW.

Maintenance fund receives newly minted coins on a daily basis. Provides long term sustainability and future development.

On chain governance allows the community to determine economic parameters.

Supply can be deflationary, inflationary or stable based on what the community chooses at the time.

Abstract

The future of blockchain and distributed ledger technology holds enormous promise for radically transforming many of the current trust-based systems and services, as well as impacting just about every industry in the world. However, the delivery of this promise hinges upon the creation of infrastructure software that implements fast, efficient, trustless, secure and highly scalable peer-to-peer networks. The state-of-the-art is currently experimenting with different models of achieving greater scalability and efficient consensus in such networks. The Shardus project will showcase novel distributed ledger technology that creates a self-governing, sustainable, peer-to-peer payment network which incorporates sharding and auto-scaling to provide high throughput, low latency, and immediate finality while maintaining the highest level of decentralization and security possible. The availability of such technology will be useful not only to private enterprises, but also to public ledgers, thus enabling global-scale, decentralized applications able to accommodate billions of daily active users.



About Shardus

The Shardus Project is a unique code base, and not a fork of Bitcoin, Ethereum, or other code. It utilizes many novel technologies not found in any other blockchain project. Any developer will be able to fork and modify the Shardus software to create a new network.



Project website: https://shardus.com

White paper here:

Wiki site here:

FAQ here:



About Liberdus

When the Shardus software is complete, the Shardus developers will fork it to create the Liberdus network. Anyone will be able to download the Liberdus node software and run a Validators to participate on the Liberdus network. Since the consensus is energy-efficient, inexpensive off the shelf computers can be used as Validators to earn Liberdus coins on a daily basis. The Liberdus network will showcase how the Shardus technology can be used to launch a new network so that any developer can use also launch a new network for their own coin or other dApp needing high scalability.



No ICO

Unlike many projects that are funded through selling of tokens to investors, Shardus does not rely on an ICO. Instead, the project provides incentive for developer and community-building contributions. Developers can earn tokens for contributing time and effort to the project and there are bounties for specific community-building tasks.



The project will uses an ERC-20 token (symbol ULT) to incentivize and track contributions to the project.The ULT represents ones ownership of the Shardus technology and ULT holders will benefit when the Shardus software is used to create public or private networks. ULT holders will receive Liberdus coins for each ULT when the Liberdus main network goes live. Other networks which use the Shardus software will also give at least 1% of their initial coins to the ULT holders. Private enterprises that use the Shardus software will need to obtain a license token by burning approximately $10,000 USD of ULT. Check the Token and Bounty sections of the website for complete details.



The amount of ULT distributed each month is posted in the Wiki section of the website and the project expects to complete by mid 2020 and distribute less than $5 million of ULT.



Obtain Tokens

If you want to obtain the ULT tokens there are several options:

Buy them on the Uniswap DEX

Join the development team

Work on bounties

Earn it through the social media bounties

Join Us

If you are a Node.js, Rust, Go or Haskell developer please consider joining our project. We are currently adding more core developers. Skilled developers are invited to qualify through our online tests. Please fill out the form in the Join section of the website if you would like to be considered.



https://shardus.com/#join



Background

Omar Syed (username omar on bitcoinTalk), a systems scaling specialist has worked at NASA, Yahoo and Zynga helping to architect production systems with millions of daily active users. In 2011 he stumbled upon bitcoin while searching the web for Digicash. He immediately began telling everyone he could about bitcoin. He also began experimenting with other consensus algorithms which could be more efficient and scalable. In 2016 Omar left consulting for mobile game companies and began writing the specifications for the Shardus Consensus Algorithm and the Shardus Ledger which laid the foundation for this project.

https://www.linkedin.com/in/omarsyed1/



Community

Twitter:

YouTube:

Medium:

Steemit:

Telegram:

Telegram:

Reddit:

GitHub:

GitLab:



Edited to reflect the rebranding from Unblock Ledger to Shardus.The Shardus Project is building the distributed ledger technology to enable global scale decentralized networks. Any developer will be able to fork the Shardus software and modify the transaction layer to create the node software to easily launch a new network. The first network to use this technology will be a payment network and coin called Liberdus.The future of blockchain and distributed ledger technology holds enormous promise for radically transforming many of the current trust-based systems and services, as well as impacting just about every industry in the world. However, the delivery of this promise hinges upon the creation of infrastructure software that implements fast, efficient, trustless, secure and highly scalable peer-to-peer networks. The state-of-the-art is currently experimenting with different models of achieving greater scalability and efficient consensus in such networks. The Shardus project will showcase novel distributed ledger technology that creates a self-governing, sustainable, peer-to-peer payment network which incorporates sharding and auto-scaling to provide high throughput, low latency, and immediate finality while maintaining the highest level of decentralization and security possible. The availability of such technology will be useful not only to private enterprises, but also to public ledgers, thus enabling global-scale, decentralized applications able to accommodate billions of daily active users.The Shardus Project is a unique code base, and not a fork of Bitcoin, Ethereum, or other code. It utilizes many novel technologies not found in any other blockchain project. Any developer will be able to fork and modify the Shardus software to create a new network.Project website: https://shardus.comWhite paper here: https://shardus.com/Shardus_Whitepaper_20180816.pdf Wiki site here: https://github.com/Shardus/shardus.github.io/wiki FAQ here: https://shardus.com/#faq When the Shardus software is complete, the Shardus developers will fork it to create the Liberdus network. Anyone will be able to download the Liberdus node software and run a Validators to participate on the Liberdus network. Since the consensus is energy-efficient, inexpensive off the shelf computers can be used as Validators to earn Liberdus coins on a daily basis. The Liberdus network will showcase how the Shardus technology can be used to launch a new network so that any developer can use also launch a new network for their own coin or other dApp needing high scalability.Unlike many projects that are funded through selling of tokens to investors, Shardus does not rely on an ICO. Instead, the project provides incentive for developer and community-building contributions. Developers can earn tokens for contributing time and effort to the project and there are bounties for specific community-building tasks.The project will uses an ERC-20 token (symbol ULT) to incentivize and track contributions to the project.The ULT represents ones ownership of the Shardus technology and ULT holders will benefit when the Shardus software is used to create public or private networks. ULT holders will receive Liberdus coins for each ULT when the Liberdus main network goes live. Other networks which use the Shardus software will also give at least 1% of their initial coins to the ULT holders. Private enterprises that use the Shardus software will need to obtain a license token by burning approximately $10,000 USD of ULT. Check the Token and Bounty sections of the website for complete details.The amount of ULT distributed each month is posted in the Wiki section of the website and the project expects to complete by mid 2020 and distribute less than $5 million of ULT.If you want to obtain the ULT tokens there are several options:If you are a Node.js, Rust, Go or Haskell developer please consider joining our project. We are currently adding more core developers. Skilled developers are invited to qualify through our online tests. Please fill out the form in the Join section of the website if you would like to be considered.Omar Syed (username omar on bitcoinTalk), a systems scaling specialist has worked at NASA, Yahoo and Zynga helping to architect production systems with millions of daily active users. In 2011 he stumbled upon bitcoin while searching the web for Digicash. He immediately began telling everyone he could about bitcoin. He also began experimenting with other consensus algorithms which could be more efficient and scalable. In 2016 Omar left consulting for mobile game companies and began writing the specifications for the Shardus Consensus Algorithm and the Shardus Ledger which laid the foundation for this project.Twitter: https://twitter.com/ShardusLedger YouTube: https://www.youtube.com/channel/UC-DQu61lxOvicMi0VsSIAtA Medium: https://medium.com/@Shardus Steemit: https://steemit.com/@Shardus Telegram: https://t.me/shardus Telegram: https://t.me/shardusnews Reddit: https://reddit.com/r/Shardus GitHub: https://github.com/Shardus GitLab: https://gitlab.com/Shardus