Sharder Protocol Review

In today’s data driven world, innovation is largely pushed ahead by information growth and timely investments. However, when looked at from a technical standpoint, we can see that “growth in storage capacity” lags far behind the demand that presently exists within the digital domain.

Not only that, many of the current storage systems that are used globally are centralized, and the data stored within them is prone to being compromised in case there is a security breach.

About Sharder Protocol

Sharder Protocol can be thought of as a “cross-chain distributed storage mechanism” that is based on the blockchain 3.0. It has been designed to optimize current blockchain capabilities, particularly by helping redefine the application of distributed storage. Some of the other key aspects of this system include:

(i) Innovative:

One of the core uses of Sharder is its ability to initiate “cross-chain distributed storage protocols”. As a result of this, users are able to introduce Watcher and Prover mechanisms into the network.

(ii) Unique Design:

Sharder makes use of its very own UTXO model, that has been designed to be fully compatible with the UTXO model used by Bitcoin. To be more specific, we can see that the blockchain that is presently running on the Sharder Protocol is highly

(iii) Sharing Economy:

A highly underrated feature of his “cross-chain distributed storage network” is that it delivers its users with efficient, cheap and permanent storage services. However, what really sets Sharder apart from its rivals is the fact that all redundant storage space that is left by customers, can be used for rewards/incentivized.

(iv) Efficient:

Through the use of an Airbnb like “multi-chain scheme”, the Sharder platform is able to provide customers with a secure, permanent sharing network.

(v) Mining Capabilities:

In the coming future, Sharder will be releasing its very own “micro node miner (Sharder Hub)”, as well as a “storage-mining all-in-one (Sharder Box)”, that will allow third party miners to receive rewards by providing the network with:

  • Computing power
  • Storage space.

Other Key Facets to Bear in Mind

(i) Commercial App Development:

Another key feature that sets the Sharder Protocol apart is that it is completely “open-source based and free”. What this means is, any public blockchain has the option to employ Sharder, as well as develop unique dApps within it. In terms of the apps that have already been developed within this network, Bean Cloud is the first app that is available to users.

It is a cloud application that provides users with a “storage, proof and secure service” that has the capacity to govern e-contacts generated by governments, banks, medical care systems, e-commerce platforms etc.

(ii) Administration:

Another key use of Sharder is within the domain of community management. Owing to its vast array of features, this system allows for external governance with ease and transparency.

(iii) Measurability:

The system has the ability to keep track of the contribution of each individual subscriber. This allows for the fair distribution of incentives and bonuses.

(iv) Prover Mechanism:

After receiving authorization, a user is able to provide relevant “validity data” based on the information extracted from Sharder Network.

Sharder Protocol Token Details

All internal governance will be done via the use of native tokens. The presale is currently underway, and is going to end on the 12th of Feb. Similarly, the general crowdsale is scheduled to commence on the 23rd of Feb, and go on till the 23rd of March.

Allocation of Tokens

As per the official company whitepaper, the distribution of tokens will be as follows:

  • 35% of the total currency pool will be shared with investors via the two crowdsale periods.
  • 15% will be made available to early investors and backers of the project.
  • 10% of the coins will be reserved for use by company team members.
  • 20% will be set aside for creating a reward fund.
  • 10% of the tokens will be airdropped.
  • The remaining 10% will be used for the creation of a community fund.

Budget Distribution

  • 30% of the total raised revenue will be used to market and advertise Sharder to an international audience.
  • 20% of the money will be used to cover for employee salaries.
  • Another 20% will be used for further platform research and development.
  • 15% of the raised money will be set aside to cover for daily operational costs.
  • 10% will be used to further develop platform/ network infrastructure.
  • The remaining 5% will be used to pay for legal and financial consulting services.

About the Sharder Protocol Team

Ben Xiong is Sharder’ CEO and founder. He has been in the digital domain for 15 years, and has extensive experience in programming and software development. In terms of his past work experience, Ben has served as the:

  • Lead Architect of Seachange
  • Chief Architect of Yiji Pay
  • Co-founder and CTO of Taogushen.com
  • Founder of Conch Chain

Similarly, Wayne Shao is the company’s COO, and has over 10 years of experience in domains such as management, operating and entrepreneurship. He holds a Masters degree from Columbia University, and his past work credentials include:

  • General Manager of Egholm Maskiner (China)
  • Co-founder and COO of Taogushen.com

Lastly, Rick Wang is the CMO of Sharder. He has over 6 years of experience in marketing, channel development and entrepreneurship. His previous work experience includes:

  • Marketing Director of Huangcheng Technology Co., Ltd.,
  • General Manager of Zebra Environment Technology Co., Ltd.

For any further details regarding this platform, users can get in touch with company representatives via email ([email protected]), or via one of their many social communication outlets (Telegram, Twitter, GitHub etc).

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