UNDERSTANDING SHARDING IN CRYPTO || 10% beneficiary to tron-fan-club

INTRODUCTION

I will like to use this analogy to explain what Sharding is in the world of crypto. For instance, the one-line road leading to your place of work is most of the time not busy and sometimes they are only five to six cars that would stop at the traffic light. Now, you are going to your place of work only to find out there are about 200 cars on that same one-line road and this has to lead to traffic. There are more cars on that road because Apple have just launched a new product and people are on their way to get it. Now, their road that usually takes you 15 minutes is taking you 1 hour. There is nothing wrong with the wrong but when traffic starts to grow due to more cars on the one-way road, they become congested and slow down.

This analogy explains the exact thing that is going on in the Ethereum blockchain. There are a lot of people trying to process their transactions at the same time. This makes people compete for a block and it leads to a high transaction fee. It is simply how demand and supply work. The Ethereum blockchain is too narrow for the number of transactions processed on it. Why are they adding smaller blocks to reduce the congestion on a single block? This is why Sharding came into the picture. Sharding is creating mini blocks to reduce the congestion on the network.

WHAT IS SHARDING?

You might have heard of sharding before because it is an idea used by database engineers to split up data in other stores safely. In the world of crypto, it is similar to that. The explanation of sharding in the crypto world is dividing blockchain into several mini blocks to be able to increase the transaction speed and also reduce the gas fee. The developers of Ethereum 2.0 plan to create 64 shards to increase the transaction speed and reduce gas fees.

BENEFIT OF SHARDING

There are a lot of people that won't carry out their transactions on the Ethereum network and the Ethereum blockchain can only process 15 per second. The Ethereum transaction fee could sometimes be $50. Just imagine you are trying to send someone $50 of Ethereum network and it is costing a $50 gas fee.

There are three main components of a blockchain which are scalability, security, and decentralization. In recent years, there has been difficulty in improving the three features because if you try to improve 1 of them, the other will begin to degrade. Sharding is the perfect way to keep the Blockchain secure without losing some features of the blockchain such as scalability and decentralization.

Sharding also has another great benefit of allowing the blockchain to keep the data of a little part of the blockchain because there we more data on Ethereum and sharding reduces the storage equipment required by the nodes.

CONCLUSION

I must let you know that it is very difficult to attack a shard network because each node is randomly selected by the network. In other words, to attack the network all the nodes will have to come together to control a specific shard thereby causing problems in the network but that can not happen because the shard randomly selects nodes for a different transaction.