Greetings!!!
Dear Friends,
I want to share a very wonderful concept with you which is followed now in crypto world. New projects coming to the market are using this concept. Let us focus on the term “Sharding”.
WHAT IS SHARDING?
When a special type of database is divided into multiple databases having a set of partitions referred to “shards”. This practice can help out the server to execute the queries faster by diversifying the responsibilities of the database structure.
Image source: docs.microsoft.com
As you can see in the image, the data is fetched from the different shards according the order placed.
Significance
When the database is divided into multiple shards it’s easier for the server to respond the queries faster and use the resources efficiently. Technically to make large database more manageable sharding is required.
Additionally, cost factor is also considerable here because creating a database in one system will increase the cost exponentially because it requires more powerful hardware to manage the databases.
Advantages of Sharding
- Scaling of network
Read/write load to each shard in the sharded cluster is evenly distributed which in helpful in scaling process. - Storage Capacity
Data is distributed across shards in a cluster. As soon as data will increase, additional shards will increase the capacity of cluster. - High Availability and Reliability
When or more shards are not available still partial/read and partial/write operation can be performed which will increase the reliability of a network.
Powerful Projects based on Sharding
Here, I have tried to cover wonderful projects which are having great future ahead. You can keep track on these projects to earn from these projects.
1. Sharder Protocol
It is one of the wonderful project comes up in the market which works on cross chain distributed arcitecture based on block chain 3.0. It can be deployed on all storage networks and public chains. Sharder network will radically change the way people exchange the data. It has also discovered the DApps such as Bean cloud, Sharder Matrix, Sharder Brain and One fair. It provides data security, credential model, decentralization of data.
Image Source: sharder.org
2. Zilliqa (Make your new ideas possible with Zilliqa)
One of the high potential project and it is undervalued now. Fellow investors can invest in that project and because it is based on scalable and secure blcokchain platform. Moreover, it is focused on developing ideas without worrying about network congestion, high transaction fees or security which are key areas in the blockchain platform. Zilliqa has already launched their testnet in June 2018 and trying to launch their mainnet probably on 30th September.
Zilliqa also using the concept of transaction sharding. Each shard can process the transactions in parallel which roughly increases the throughput of the blockchain. The ability to process the transactions due to sharding architecture is the best thing in zilliqa. In zilliqa the number of active nodes are increasing in proportion to the number of transactions as shown in the image below.
Image Source:zsupplychain.com
Transactions are compared to the bitcoin and ethereum which supports 7 and 15 transactions respectively. So zilliqa is the winner here.
Image Source: zilliqa.com
3. Ethereum
Ethereum founder Vitalik Buterin said that we want to implement the sharding in ethereum blockchain because ethereum blockchain is suffering from high gas price. So to reduce this we need sharding. The first modification in ethereum is introducing CASPER protocol which moves ethereum to Proof of Stake (PoS) and it would be implemented in 2019. Ethereum Sharding has been broken into two phases. Phase 1 and Phase 2 will start from 2020 and 2021 respectively. After Ethereum 2.0 the next stage will be Ethereum 3.0 which can withstand the power of quantum computers.
Image Source:cryptotrends.in
Conclusion
The projects are moving to sharding technique to increase the speed of transactions as well as to reduce down the transaction charges. So we all must be aware of this powerful technique.
Friends, In the last do you think so Sharding can change the future of blockchain???? Give your comments and suggestions. Thanks
Note: "I am not a financial advisor so just do your own research before investing into any project."
Warm Regards,
Danny Crypto
@text2crypto