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Скачать или смотреть what is Shiden coin?

  • googleasy
  • 2021-11-17
  • 80
what is Shiden coin?
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Описание к видео what is Shiden coin?

Shiden is a smart contract platform for decentralized applications (dapps) on the Kusama network. Shiden is built to support “layer 2” solutions, which refers to secondary frameworks built on top of existing blockchains that improve upon a network’s scalability and transaction speeds. Shiden is intended to operate on Kusama as a parachain.

If you’re unfamiliar, parachains are custom, user-generated blockchains that are linked to Kusama’s Relay Chain, the main blockchain and heart of its network. The Relay Chain is responsible for Kusama’s shared security, consensus and transaction settlements. By being integrated into the Relay Chain, parachains benefit from the Relay Chain’s base features.

Shiden is intended to work as the “canary network” for Plasm, its Polkadot counterpart built by the same team, meaning that it provides early code releases that are available before they are launched on Plasm.

Shiden’s native cryptocurrency, SDN, plays a key role in maintaining and operating the Shiden network, and can be used for staking and rewarding nodes, paying for transaction fees and rewarding dapp operators.


Similar to most parachains, SDN is expected to be airdropped to community members who use their KSM, Kusama’s cryptocurrency, to vote for the application to go live on Kusama in a process called a Parachain Auction.



The information provided on this channel does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. googleasy does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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