Sharding is a relatively new concept to most crypto investors within the blockchain community. However, understanding the technical part of the technology is rather easy to know if you are keen to observe the trends within blockchain. Sharding entails running the transaction processes on parallel processing power with multiple machine networks to help split the workload of the transactions verification. Instead of performing the transaction under one interface, Sharding will divide the system into parallel smaller sections form where each runs its protocol.
As a result, Sharding is proving essential in helping us achieve the speeds necessary for the transactions within the blockchain. Consequently, this technology has found itself in a position that every venture want to utilize. As such here a blockchain cryptocurrency that is set to improvise the Sharding technology to reclaim faster transactions and investing.
What Is Shard Coin?
SHARD is a new cryptocurrency that will work on a Proof-of-Stake (PoS) protocol to allow for access to investment opportunities within the cryptocurrency area. The digital asset will enable holders to invest in cryptocurrency without the time or knowledge necessary to do so. Each SHARD will act as a secure and stable store of value for the SHARD platform and the token holders.
Additionally, the cryptocurrency will allow for multiple investing for users with numerous wallets or a sufficient number of cryptocurrencies. That will also include the ability to help the investors in downloading, syncing and securing their crypto finances plus opening the opportunities for new investments such as ICOs and token sales.
How Shard Coin Cryptocurrency Investing Token Works
The SHARD currency works on a Proof of Stake (PoS) algorithm which helps to ensure the safety and security of each transaction. The protocol works by splitting the blockchain into several “blocks” to enable multiple consensus protocols within the platform. For the block allocation, the creator of the next box will rely on their weighting for them to achieve their token reward. The weighting will be determined by your wallet's worth or the time is taken while staking. Consequently, that means holders of mature SHARD coins and owners of unlocked portfolios have the opportunity to be the creator of the next block within the staking plan.
Shard Coin Advantages
- Low volatility- the Shard Investment fund takes the action of burning any excess Shard within its reserves to reduce uncontrolled fluctuations and reduce inflation
- Faster liquidity- users can easily exchange Shard for some cryptos including BTC, ETH, LTC, and Ripple
- Price stability- the trading of Shard through exchanges will help realize a continuous flow of the currency hence creating an optimum environment for the pricing.
- Optimization of staking- the single staking plan within SHARD is fully optimized to have a minimum and maximum maturity time of 9 and 72 respectively.
Who Is Behind Shard Coin?
The SHARD cryptocurrency is the product of the Shard Investment Fund (SIF). The organization's task is in supporting the crypto venture through it Shard reserves. In short, the investment fund acts as a value determinant for Shard, making it a hybrid of cryptocurrency and digital asset.
The Shard reserves will come from the crypto pre-sale, and 70% of the proceeds will go into out setting the reserves of Bitcoin, Ripple, Ethereum, and Litecoin. Each continuing contributions to SIF will go through the SHARD PoS reward block.