The Apollo Foundation has become the first project to implement sharding capabilities on its blockchain. Sharding typically works as a solution to what one source refers to as “blockchain bloat.”
Sharding Has Become the Best Thing for Blockchain
This typically occurs when there is too much stored on a single blockchain or when transactions become too consistent, often slowing things down or getting in the way of future material and preventing blockchains from scaling.
Sergey Rokhvarg, the chief technology officer at Apollo, released a statement explaining:
Sharding allows a user to download the blockchain much faster and it reduces the cycle-time of operations, as well as lowers the needed disk space. Apollo sharding is a trailblazing innovation that was only theory until recently… An increasing number of transactions leads to a constant increase in the Apollo database. This process goes faster with shorter block time. Blockchain requires full access to the ledger from beginning to end to verify each transaction, but this task does not run every time. Most operations require smaller parts of an entire database and that creates an opportunity for us to be more efficient.
Each shard typically takes place after 750,000 blocks. Data is then added to each shard, which optimizes the blockchain processing code and allows for quick speeds and functionality.
Rokhvarg states that blockchain technology has become far more popular as of late and is being utilized in multiple industries - not just crypto. He explains:
When we developed sharding, the team had to significantly renovate the data-exchange mechanism, which allows using other types of sharding and optimization in the future. We have just released our core code for sharding. This new protocol was initiated on block 2,250,000 and more shards will form every 750,000 blocks from this point forward.
Steve McCullah, director of business development at Apollo, states that one of the biggest problems with blockchain prior to the development of the sharding system was that distributed ledgers consistently engaged in “wasteful, non-stop block creation,” which led to massive amounts of unnecessary data being compounded onto the system.
Making Things Faster and Stronger
Through sharding, blocks are only formed whenever transactions occur. This makes the process much more efficient. He says:
With the release of sharding, Apollo has officially become the fastest, most feature-rich and most sustainable cryptocurrency available… Our goal is to realize sub-one-second transaction speeds and TPS capabilities in the multi-millions before the end of 2020… It’s crucial for developers to stay ahead of the curve and to consider upcoming trends in their organization’s strategic planning. The Web 3.0 economy is evolving fast and it’s important to match developer competence with vision and prudence. Blockchain use-cases are leading to tectonic shifts in how people and merchants do business, and we want to prevent future issues that are avoidable. Sharding makes blockchain technology scalable and sustainable.
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Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.
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