In this article, we dive deep into the key features and tokenomics of SHIDO, shedding light on its unique attributes and highlighting why ChangeNOW stands as the premier platform for obtaining and exchanging crypto.
The SHIDO Token: Pioneering the Future of DeFi
Superior TPS (Unlimited TPS through Sharding)
Shido Chain boasts an extraordinary Transaction Per Second (TPS) throughput, which owes its prowess to the Sharded Proof-of-Stake (SPoS) consensus mechanism. Unlike traditional Proof-of-Work setups, SPoS ensures top-notch performance and scalability, allowing Shido Chain to process an impressive volume of transactions at lightning speed without compromising security.
Extremely Low or Inexistent Gas Fees
Gas fees, often a thorn in the side of crypto enthusiasts, are virtually eliminated within the Shido Chain ecosystem. This innovative approach to fees renders microtransactions and various use cases feasible, overcoming the barriers set by exorbitant fees on other blockchain networks.
Scalability: Shido Chain is Modular by Nature
Scalability is etched into Shido Chain's foundation. Its modular architecture facilitates both horizontal and vertical scaling, providing the flexibility required for unhindered growth as user adoption expands. Moreover, its integration into the Cosmos Network, an interconnected web of blockchains, fosters seamless interoperability, thereby promoting joint liquidity and a robust ecosystem.
Compatibility: EVM Compatible and IBC (Inter-Blockchain Communication)
Shido Chain's compatibility reaches across Ethereum Virtual Machine (EVM) environments and Inter-Blockchain Communication (IBC) protocols. This remarkable trait allows developers to smoothly migrate applications from EVM-compatible chains, such as Ethereum and Binance Smart Chain, onto Shido Chain. This compatibility sets the stage for a thriving and interconnected ecosystem, enabling the fluid movement of projects and dApps.
Scarcity: Burns Shido on Each Transaction
A crucial aspect of SHIDO's tokenomics is scarcity. With every transaction conducted on Shido Chain, a fraction of SHIDO tokens is burned. This inherent deflationary mechanism counters the inflation often witnessed on other blockchain networks. Consequently, SHIDO tokens possess the potential to appreciate in value over time.
