Cryptopreneurs Nischal Shetty and Omar Syed launched new blockchain venture 'Shardeum'

Binance-owned crypto exchange WazirX cofounder and CEO Nischal Shetty teamed up with US-based blockchain architect Omar Syed to launch Shardeum, a new Layer-1 blockchain.

Shardeum is an Ethereum Virtual Machine (EVM)-compatible sharded blockchain with 'infinite' scalability, high decentralisation, and increased security, announced the duo today. The project's alphanet is scheduled to launch in April 2022, with the betanet following in third quater 2022. The mainnet is expected to go live by the end of the fourth quarter of 2022. Shardeum's goal is to resolve scalability and gas fee issues.

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