#Shard
Shard is a term used in the cryptocurrency space to refer to a single chain of blocks on a distributed ledger. It is also referred to as sharding, and it is an important concept for understanding how many cryptocurrencies work.
The idea behind sharding is that rather than having multiple ledgers running on one large system, each ledger can be split into smaller pieces (or shards) which are then spread across multiple computers or nodes. This improves the speed and efficiency of transactions, since all the data isn’t being stored in one place – instead, it’s broken up and sent out to multiple locations so that it can be processed faster. Additionally, this structure makes it more difficult for hackers or malicious actors to attack these networks because they would have to target every single node at once.
Shards also help with scalability by allowing larger numbers of transactions per second while still keeping costs low enough for users – this means that more people are able to use them without worrying about high fees associated with processing their payments. For example, Ethereum 2.0’s implementation of sharding allows thousands of transactions per second whereas Bitcoin only handles around seven at peak times.
Overall, Shard technology provides a way for blockchain projects like Ethereum 2.0 and Zilliqa to handle higher transaction volumes without sacrificing security or cost-effectiveness – making them ideal solutions for businesses looking for fast and secure payment systems without exorbitant fees attached.
