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Bob’s Gem Of The Day 16 – Sharder Protocol (SS)

Gem Of The Day 16 – Sharder Protocol (SS)

Current price:

$0.00745136

All time high price:

$0.14 – (May 2018)

Market Cap

$2,143,242 USD

Volume (24h)

$368,303

Circulating Supply

286 Million SS

Max Supply

500,000,000 SS

Rank 617

Social:

 

What is Sharder?

  • Sharder Protocol is a cross-chain distributed storage protocol based on blockchain 3.0
  • It aims to greatly optimize current blockchain technology using sharding to increase transaction speed and scalability issues currently facing blockchain organisations.
  • It’s starting with the application of distributed storage
  • It will expand to many other commercial applications.

Competitors:

  • Storj
  • Ziliqa

 

Why I like Sharder:

  • It utilises ‘sharding’ technology to quicken process, transaction speed and is easily scaleable without sacrificing on network speed
  • Because of the low supply it can climb in price very quickly.
  • Sharder Protocol is a good name. easy to remember
  • It’s not yet reached a huge exchange so it’s still relatively unknown

 Risks:

  • The vision is great but the product is still very much in beta stage.
  • Can it truly compete with bigger players in the space?
  • Being launched in such a harsh bear market is always going to be tough. Even really good ICOs are suffering in this seemingly never ending downturn.
  • Listed on Hotbit and Idex only right now so quite illiquid markets

Rating:

8/10

  • Great concept. Solves real world problems. Needs to put the work in though. This bear market has torn the backside out of most the space. Potential Gem.

Links:

Whitepaper: https://howdoo.io/wp-content/uploads/2018/04/howdoowhitepaper.pdf

Website:

Exchanges:

If you like what I’m doing please tip me in any of the following;

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ETH: 0x3faffb0ff47cf308ccc28c4d93fa107d941af0a0

BTC: 16addQnBWeyAP4be8hmH7MzvEe1QWftP7g

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