The internet has transformed life, yet payment systems continue to face outdated and costly solutions. Shardeum proposes an innovative approach to creating a decentralized payment system.
Challenges of Modern Payment Systems
There are many limitations to modern payment systems, including high fees and delays due to intermediary involvement. Blockchain technologies also face scalability issues leading to high costs and slow transactions.
Shardeum's Approach to Payments
Shardeum is developing the world’s first auto-scaling Layer-1 blockchain for payment operations. It offers low transaction fees and can handle both large and small payments. This is achieved through dynamic sharding and linear scalability.
Future Prospects and New Opportunities
The launch of Shardeum opens new possibilities for both micro and macro payments, such as international remittances and automated transactions for artificial intelligence. This could significantly alter current approaches to business and direct payments over the internet.
Shardeum aims to become a vital element of the open internet, promoting decentralized and low-cost payments that can be accessible to millions of users.
