by Marvin Dumont
Apollo Foundation will launch Hermes Protocol 2.0 in coming weeks and it will include Sharding. The innovation will further speed up Apollo’s blockchain whose settlement time is already 1–2 seconds — one of fastest in the industry.
How does it work?
Sharding splits the blockchain into segments, which has positive effects on volume of transactions, download speed, blockchain speed, and overall stability of ecosystem.
It processes a transaction in different parts. Therefore, transactions are confirmed by nodes much faster when compared to conventional processes.
Sharding is groundbreaking innovation developed by Apollo Foundation. And when released, it will make Apollo one of first sustainable blockchains.
Sharding solves the critical issue of blockchain bloat. In a few years, there will be millions or billions of blocks in the chain. Although each block adds small amount of data, over time accumulated information will grow to astronomical sizes.
The Apollo developer team is creating solutions with long-term challenges in mind. In a few weeks, APL will be among first crypto ventures to have operational sharding protocol running on its network. And it’ll be one of first 3.0 blockchains anywhere.
Extremely fast settlements are important for few reasons.
Crypto users and businesses have high expectations when using programmable money. Speed is a key factor in disrupting the financial industry.
Moreover, near real-time settlements simplify cross-border transactions — no one likes to look at pending transactions on devices. People and businesses want to get paid immediately, not minutes or hours later.
Fast settlements lead to payment finality. It eliminates the risk that your friend or client won’t pay as promised. Thus, merchants won’t have to deal with costly product returns or collection efforts.
Apollo all-in-one privacy currency combines mainstream crypto features in a truly private and unregulatable platform. APL lets you transact and send data in total anonymity via tech breakthroughs such as private ledger, decentralized exchange, coin mixing, and advanced IP masking.
With 2-second block speed, Apollo is one of fastest cryptos on Earth.
Learn more about Apollo’s innovations: