“Shardeum” is a Layer 1 (L1) blockchain project based on the Ethereum Virtual Machine (EVM), developed in India. The project aims to improve scalability, security, and low transaction fees. Here are some key points about Shardeum:

1. Linear Scalability: Shardeum uses dynamic state allocation to enhance scalability. Each participating validator can increase the transactions per second (TPS) while maintaining low fees.
2. Perpetually Low Transaction Fees: Shardeum commits to keeping transaction fees consistently low.
3. Decentralization: Built on EVM and using the Solidity programming language, Shardeum allows other projects to easily run and expand on its network.

The Shardeum project has raised a total of $23.6 million across six funding rounds. The project was founded by Nischal Shetty, who is also the founder of the cryptocurrency exchange WazirX.

The project currently has a testnet, and you can participate using the link below:
https://shardeum.org/incentivized-testnet?referral-code=huynhthien