Shido is a layer 1 Proof-of-Stake (PoS) network designed for high throughput and limitless scalability. It is a permissionless platform that seamlessly connects different blockchain ecosystems such as Cosmos, EVM (Ethereum Virtual Machine), and WASM (WebAssembly), promoting innovation and diversity in the blockchain space. Shido utilizes the lightning-fast Tendermint consensus mechanism to ensure speed and security, making it suitable for various applications including decentralized finance (DeFi) and non-fungible tokens (NFTs).
Shido uses the Proof-of-Stake (PoS) consensus mechanism known for its efficiency and sustainability. It reduces energy consumption, making Shido an environmentally friendly blockchain. The network ensures scalability and value sharing among ecosystems, powered by Tendermint and secured by a decentralized network of validators. Shido's interoperability with Cosmos, EVM, and WASM broadens its reach and utility. The user-friendly ecosystem includes the Shido DEX and App, emphasizing security, efficiency, and innovation.
SHIDO has a total supply of 18,000,000,000. The current circulating supply of SHIDO is 8,130,423,164.
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