Shibarium PoS chain
Shibarium's PoS (Proof-of-Stake) chain utilizes side-chains to process transactions, resulting in unparalleled transaction speed and cost efficiency. PoS also guarantees asset security by employing the reliable Plasma bridge framework and a decentralized network of PoS validators.
Transaction Lifecycle on Shibarium PoS Architecture:
The operational mechanics of today's Shibarium Proof-of-Stake (PoS) architecture follow a cyclical workflow:
User Initiates Transaction: Users begin transactions on the Shibarium PoS chain, typically through a smart contract function call.
Validation by Public Checkpoint Nodes: Public checkpoint nodes validate the transaction against the current state of the Shibarium chain.
Checkpoint Creation and Submission: Validated transactions are grouped into a checkpoint, which is then created and submitted to the core contracts on the Ethereum mainnet.
Verification by Core Contracts: Core contracts on Ethereum verify the checkpoint's validity, employing fraud proofs for added security.
Transaction Execution: Upon successful verification, the transaction is executed, and state changes are committed to the Shibarium sidechain.
Asset Transfer (Optional): If necessary, assets can be transferred back to the Ethereum mainnet via the exit queue in the core contracts.
Cycle Reiteration: The process can be initiated again by the user, returning to step 1.
Core Contracts on Ethereum:
Ethereum serves as the foundational layer for Shibarium's PoS architecture. Core contracts on the Ethereum mainnet play a crucial role in connecting Shibarium PoS to Ethereum. These contracts handle various functionalities, including anchoring the Shibarium chain and managing asset transfers.
The core contracts incorporate two essential features for security and functionality: fraud proofs and the exit queue. Fraud proofs provide a security layer for validating transactions and state changes, ensuring transparency and security. The exit queue facilitates the safe and efficient transfer of assets between the Shibarium PoS chain and Ethereum, maintaining data integrity and security.
Public Checkpoint Nodes:
Public checkpoint nodes act as validators in the Shibarium PoS architecture, performing two primary functions:
Transaction Validation: Nodes validate transactions against the current state of the Shibarium chain.
Checkpoint Submission: After validating a set number of transactions, nodes create a Merkle root of transaction hashes (checkpoint) and submit it to the core contracts on the Ethereum mainnet.
These nodes act as a crucial bridge between the Ethereum mainnet and the Shibarium PoS chain, ensuring data integrity and security through the submission of cryptographic proofs to the core contracts on Ethereum.
Shibarium Sidechain:
The Shibarium sidechain is where transaction processing occurs. Unlike the Ethereum mainnet, which may face congestion and higher transaction costs, the sidechain provides a more scalable and cost-effective solution. Public checkpoint nodes validate blocks in the sidechain, organizing them for high throughput and low latency.
Speed
To keep users engaged and focused, apps, games, metaverses, and other utilities require fast transaction processing. Shibarium satisfies this requirement by completing transactions at an astonishingly fast pace.
With the capability to significantly outperform Ethereum transactions per second.
Bridging, deposits, and withdrawals are seamless and effective.
Shibarium maintains the security features of Ethereum while substantially enhancing the blockchain's speed.
Scalability
Scalability is just as critical as speed, and Shibarium has been designed to scale and adjust to the requirements of any organization, product, platform, project, community, or token.
It has been designed to be compatible with major ERC standards, ensuring seamless integration.
Validators and checkpoints are submitted to Ethereum to guarantee security.
A dynamic and enthusiastic community propels adoption and user engagement.
Flexibility & Simplicity
The transition to Web 3 and Web 4 will need a straightforward and adaptable UI, UX, and onboarding process to ensure a seamless flow of users from Web 2 (www) to this new system.
Shibarium's network is fully EVM compatible, so your smart contracts can be deployed directly on it.
Building DApps on the blockchain is simpler.
It's easy to transfer tokens between Shibarium and Ethereum.
Cost
In the current world, businesses must be utilize Web 3 to stay competitive but it's hard to do so when fees are cost prohibitive. Shibarium solves this by keeping many transactions below a $.01!
With Shibarium's proof-of-stake system, transaction costs are fractional.
The cost per transaction is significantly lower than Ethereum's one.
Burning EIP 1559 tokens will result in more predictable gas fees and deflationary token economics.
Currently, Shibarium POS chain provides the following services:
Send, receive, and store your assets on the Shibarium network with the Shibarium Wallet.
Shibarium Bridge, for cross-network withdrawals and deposits.
Staking with Shibarium Staking: Get rewards for staking.
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