There’s a couple of times i would read a project whitepaper and i would presume it’s just a stretch. I mean some recent projects are just rebranding what’s been done in the past years.
I came across this project Shardeum that claims to be an EVM-based L1 blockchain that uses dynamic state sharding to address scalability trilemma. To achieve low gas fees, high speed and a more decentralized system. Basically, it operates the sharding process.
Algorand also claimed to have solved the “blockchain trilemma” with PPoS(Pure Proof-of-Stake) but has this challenge been solved ?
It seems that overcoming the trilemma is not that easy because we have seen many projects that carry this vision many times and end up unclear. It is too early to claim to have been able to overcome the problem, besides the trilemma above there is a fundamental thing where developers often make blunders just to get big funding, Shardeum is not 1 day old after being listed a few hours ago and you haven't seen anything there other than people selling tokens. Network issues will always be a debate especially when the number of L2s is too much then new competitors will come with the same vision.
Exactly!! The trilemma has proven to be a tough challenge to overcome, as many projects that claimed to solve it often fall short or lose focus. Checked Shardeum on Bitget now but i won’t judge as it's still early but the performance is quite good. Let’s see how it plays out with time as the market is bullish. As it’s a L1 project, we’ll keep watching it’s long-term adoption and community growth. Every L2s just come up with the attempt to solve recurring issues, which at this point i doubt if it’s good thing.