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Shimmer is a multichain, scalable network designed to build, connect, and secure sovereign blockchain networks, enabling the seamless transfer of assets and data. It uses a parallelized UTXO-based Directed Acyclic Graph (DAG) ledger, allowing for fee-less minting and transfer of native assets. Its flexible application layer supports full EVM compatibility and WASM, enhancing adaptability and efficiency for various blockchain applications.
The SMR token is integral to Shimmer's operation, providing fuel for transactions across both the DAG ledger and ShimmerEVM. It was distributed entirely to the IOTA community over a 90-day staking period, ensuring decentralized token ownership. The SMR token supports the network's fee-less asset transfer framework, making it a key component in the Shimmer ecosystem's scalable, multichain infrastructure.
Shimmer offers several advantages over traditional blockchain systems, including fee-less transactions, multichain scalability, and efficient asset transfer through its parallelized UTXO-based DAG ledger. Additionally, Shimmer's full EVM compatibility and WASM support provide a versatile application layer, facilitating the development of decentralized applications with reduced friction and increased composability.
Shimmer utilizes a storage deposit model paired with a parallelized UTXO-based DAG ledger to enable feeless minting and transfer of native assets. By eliminating transaction fees, Shimmer facilitates cost-effective asset management, appealing to developers and users seeking a seamless experience across interconnected blockchain networks.
Shimmer acts as a testing and deployment environment for IOTA ledger upgrades. It provides a real-world application space where enhancements can be validated before full deployment on the IOTA mainnet, ensuring reliability and performance stability. This staging capability ensures that new features and upgrades can be smoothly integrated into the IOTA ecosystem.
ShimmerEVM is the first blockchain network deployed on Shimmer, designed to simplify asset composability by removing traditional friction points. It is built to operate seamlessly within Shimmer's infrastructure, leveraging the underlying DAG's capabilities and the fee-less transaction model supported by SMR tokens. ShimmerEVM enhances interoperability among various blockchain platforms, redefining asset composability.
Feeless Layer 1 DAG network supporting decentralized Web3 economies.
Shimmer represents a pioneering effort in the Web3 domain, operating as a Layer 1, feeless directed acyclic graph (DAG) designed to function as a developmental and innovation platform alongside the IOTA protocol. Officially launched in September 2022, it provides a space for rapid deployment and experimentation, serving as a proving ground for novel features before their inclusion in the IOTA mainnet. Central to Shimmer’s infrastructure is its extended UTXO-based ledger that integrates the Stardust Tokenisation Framework. This enables multifaceted native asset transactions, such as custom token minting and non-fungible token (NFT) operations, while eliminating the traditional costs associated with these processes. Characterized by its exceptional scalability and efficient finality — typically achieved in approximately five seconds — the network is particularly apt for applications requiring high performance and low latency. Furthermore, Shimmer improves on traditional cross-chain interoperability by enabling asset transfers without the need for costly bridges, anchoring multiple sovereign smart contract chains to its primary ledger effortlessly. It efficiently integrates EVM and WA...
Shimmer represents a pioneering effort in the Web3 domain, operating as a Layer 1, feeless directed acyclic graph (DAG) designed to function as a developmental and innovation platform alongside the IOTA protocol. Officially launched in September 2022, it provides a space for rapid deployment and experimentation, serving as a proving ground for novel features before their inclusion in the IOTA mainnet. Central to Shimmer’s infrastructure is its extended UTXO-based ledger that integrates the Stardust Tokenisation Framework. This enables multifaceted native asset transactions, such as custom token minting and non-fungible token (NFT) operations, while eliminating the traditional costs associated with these processes. Characterized by its exceptional scalability and efficient finality — typically achieved in approximately five seconds — the network is particularly apt for applications requiring high performance and low latency. Furthermore, Shimmer improves on traditional cross-chain interoperability by enabling asset transfers without the need for costly bridges, anchoring multiple sovereign smart contract chains to its primary ledger effortlessly. It efficiently integrates EVM and WASM-based smart contract functionality on Layer 2 chains, reaffirming its commitment to maintaining composability and driving the horizontal scaling of decentralized applications. Importantly, Shimmer includes inherent protections against miner extractable value (MEV) threats, employing a native randomness mechanism via its ISC framework, which mitigates issues like front-running and sandwich attacks. It similarly enhances marketplace efficiency by allowing time-sensitive transactions at the ledger level through atomic operations instead of relying on external smart contracts, thus optimizing cost-effectiveness. Altogether, Shimmer positions itself within the broader Web3 ecosystem as a robust, scalable multi-chain framework promoting feeless transactions and sophisticated asset management capabilities conducive to secure representation and interoperable decentralized financial ecosystems.
