• Superior TPS (Highest Supported TPS is 10,000)
• Extremely low or inexistent Gas Fee
• Scalability - Shido Chain is modular by nature
• Compatibility - EVM compatible and IBC (Inter-Blockchain Communication)
Shido Chain is a Layer 1 EVMOS DPoS Blockchain that is application specific and has the perfect balance of Security, Decentralization and high TPS. Shido Chain is fully compatible with EVM Blockchains and is built using Solidity programming language. Shido [Shi20] is the native currency of Shido Chain and works as the governance token. Shido [Shi20] is also the governance and utility token of all DeFi Utility deployed by Shido Finance on Shido Chain. Shido Chain is currently under development and Mainnet is set to launch during first half of 2023 with Alpha Testnet rolling out as early as February 2023.
Shido Chain is modular and scalable by nature. It's natively interoperate with other blockchains and it's a part of the Cosmos Network of inter-connected blockchains. We are building a capability-based system on top of Tendermint with open-source modules. As Shido Chain also is EVMOS based makes it compatible with Ethereum dApps and other EVM blockchains such as Binance Smart Chain. EVMOS enables developers to seamlessly value transfer and run smart contracts from EVM Blockchains onto Shido Chain. In addition, the IBC protocol empowers Shido Chain to link decentralized applications on various inter-connected blockchains and benefit from joint liquidity and value transfers.
Shido Chain is built using the Solidity programming languange. The vast number of dApps and blockchain developers using Solidity is a key factor for driving the adoption of Shido Chain. The cross-chain compatibility with EVM Blockchains through EVMOS makes it easy to migrate dApps and run Smart Contracts on Shido Chain.
Shido Chain works on a DPoS consensus mechanism. It allows high performance and scalability with a superior TPS. Transaction fees are almost inexistent. It's energy and cost efficient with a robust governance system. Shido Chain is able to support fast block generations, below 3 seconds, as a comparison to Ethereum Network that generate blocks every 12 seconds.
The Delegated Proof-of-Stake consensus mechanism will give Shido the necessary authority to ensure security and reliability of Shido Chain. Shido will have the ability of vetting validators for the delegators to vote upon. This means that Shido have the right to approve all validators that wants to participate in block creations. To make sure Shido Chain remains as decentralized as possible Shido is forced to vet over 100 validators for the delegators voting. This Delegated Proof-of-Stake with Authority ensures that Shido in a much better way can ensure that Shido Chain will stay secure and reliable as a Blockchain.
The Validator and Delegator decentralized applications are web-based applications. Where validators and delegators are able to onboard the blockchain. Delegators will be able to stake their funds for them to become eligible to vote on validators. Both delegators and validators are able to unstake and withdraw their funds at anytime. The Shido Chain application shows real-time status of the various delegators and validators on the blockchain.
Security is the most important aspect of Shido Chain. We have a multi-layer security of the highest standard set in place. Some features that are included is Byzantine Fault Tolerant system, Reliable Validator Nodes with Firewall on all permissioned nodes, EdDSA signature scheme to protect transactions, Instant Response Readiness, Requested Encryption, Secured Authentication, Two Factor Authentication and Server-side captcha. This is too mention a few of the security measures put into place for Shido Chain. Shido also has a full support and maintanance team working on Shido Chain covering all hours.
Shido is building Shido Bridge which will be the main gateway onto Shido Chain. Using Shido Bridge you are able to create and mint new tokens on Shido Chain. The newly minted tokens are pegged to the value of the original token. So users are able to easily migrate tokens to Shido Chain increasing the adoption rate. This is what is known in general as a wrapped tokens. You are also able to use the bridge to unwrap the tokens again back to the chain of origin. We will not charge any fee for bridging tokens, it will be free besides the gas fee from the origin chain. Shido will always encourage adoption of Shido Chain.
Shido is starting an incubation program for Shido Chain. There will be at least three significant Airdrops from 3 different projects on Shido Chain. For the first Dex, Launchpad and Oracle launched on Shido Chain we will airdrop their native tokens for the current holders of Shido [Shi20], product users and contributors. Details will be shared at a later stage, but it all starts right now. Snapshots of current $SHIDO holders are being taken, even before more details regarding the incubation program are announced. If you are holding Erc20 or Bep20$ SHIDO today, you will be eligible for Airdrop of Shido [Shi20].
Shido Chain will have a high focus on DeFi, P2E Games and Metaverses.
Shido Chain is set to launch first half of 2023.