Shiden Network is a multi-chain decentralized application layer on Kusama Network. Kusama Relaychain does not support smart contract functionality by design – Kusama Network needs a smart contract layer.
Shiden supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions from day one. The platform supports various applications like DeFi, NFTs, and more.
Recent Announcement
On 30 August Shiden Network announced that they have officially enabled the token transfer of SDN tokens and also Shiden will implement the smart contract features soon so that developers can deploy both Ethereum smart contracts (EVM) and WASM smart contracts on Shiden Network.
The dApp staking is their unique feature that only Shiden and Astar network support in the Polkadot and Kusama ecosystem. In general, people underestimate the potential of things they have never seen before.
They will be officially launching Astar Network Portal once it is fully ready
Why is Shiden Network different from others?
Multi Chain
Building bridges to various blockchains. (Ethereum, Secret Network, Cosmos, and so on)
Basic Income for Developers
SDN token holders can stake their tokens on favorite dApps so that both nominators and the dApps developer can earn SDN tokens.
Multi Virtual Machine
Shiden natively supports both EVM and WASM. Ethereum compatibility is just a day1 for Kusama Parachains.
About their Community
Astar is a community-driven project they have created an open community program where every community member can join and support the Astar ecosystem. You can collect points and receive rewards through dApp staking if your contributions are valid. Joining the community program as a community member is also the perfect way to show that you are the Ambassador they need for the Astar ecosystem.
It’s also the ideal way to educate yourself about Astar and the Polkadot ecosystem.
If you would like to know where to buy Shiden Network, the top exchanges for trading in Shiden Network are currently ZT, KuCoin, Gate.io, BKEX, and AOFEX.
To know the price of the coins click here
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Dislcaimer
this news and reviews blogs are only to educate, inform and deliver information to the public and is not an investment advice. Nothing should be taken as an offer to buy, sell or hold any cryptocurrency
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