New York, United States, June 25th, 2024,
Chainwire
Shardeum's Global Community Tests the Limits of Next-Gen
Blockchain Tech
Shardeum, the autoscaling
layer-1 blockchain, announces the launch of Stage 1 of its
incentivized testnet, Atomium, slated to commence on June 26th,
2024. The purpose of Atomium is to incentivize users to test the
network for bugs, vulnerabilities and performance issues in order
to fortify the network ahead of mainnet launch.
In Stage 1, Shardeum invites community
members to test numerous P2P transactions, allowing the Shardeum
team to stress test the network and ensure all vulnerabilities and
insecurities are flagged and amended. This also allows Shardeum to
monitor how their nodes operate under pressure.
Atomium participants are incentivized
to engage in the testing process with 0.65% of token supply or
approximately 3.3 million SHM allocated towards community
contributions. The announcement represents the second phase of the
Shardeum native token Shard (SHM) Airdrop, and follows the
successful completion of Phase 1 which was focused on early
contributors.
“We believe in community-led development and thanks to
our amazing community we’ve been able to reach this stage. We’re
now ready to launch Stage 1 of the incentivized testnet,” said
Nischal Shetty, Co-Founder & President of Shardeum. “Shardeum
enters a crucial phase where we stress test the network to
challenge its limits and strengthen it for the future with the help
of our community.”
The campaign will unfold
in multiple stages. With the completion of Stage 1, Shardeum
will then assess and enhance the network's stability and proceed to
subsequent stages. Following stages will include more rigorous
testing of system capabilities to ensure the network can handle a
wide array of activities seamlessly.
As Shardeum focuses on the above
functionalities during the incentivized testnet, EVM capabilities
will be disabled, allowing for more seamless and focused refinement
of the protocol. In addition, Shardeum will be launching a bug
bounty program on July 5th with a total bounty of USD $700k. This
initiative aims to further secure the network by encouraging
developers and security experts to identify and report any
vulnerabilities.
"This is not just a testnet launch. It's an invitation
for the community to be at the forefront of Shardeum's growth,"
added Omar Syed, co-founder of Shardeum. "Community contributions
are invaluable as we work towards creating a robust and resilient
L1 that will provide the foundation for all our future
endeavors."
To join the Shardeum incentivized
testnet and contribute to the protocol's future, users can visit
https://shardeum.org/incentivized-testnet/ for more
information.
About Shardeum
Shardeum is an autoscaling EVM-based layer-1
blockchain. Dynamic state sharding helps keep gas fees low and TPS
high as participation grows. Shardeum performs consensus at the
transaction level and lowers the computational power needed for
validator nodes. This consensus mechanism makes it possible for
anyone to run a node while increasing decentralization.
Contacts
Chief Growth
Officer
Kelsey
McGuire
Shardeum
media@shardeum.org
Director of
Communications
Priyanka
Sharma
Shardeum
media@shardeum.org