Shardeum appoints Srinivasan Parthasarathy as CTO to accelerate Blockchain Innovation

Shardeum is a next-generation autoscaling, EVM-compatible layer-1 blockchain designed to offer low gas fees and high throughput as user participation grows.

| Updated: 23 December, 2024 3:33 pm IST

NEW DELHI: Shardeum, the autoscaling layer-1 blockchain, announced the appointment of Srinivasan “Srini” Parthasarathy as its Chief Technology Officer (CTO). With over three decades of experience in technology leadership roles across traditional and blockchain industries, Srini is set to spearhead the development of Shardeum’s technical roadmap and ecosystem.

Prior to this appointment, Srini served as CTO at Game of Silks, Inc., bringing a wealth of expertise to Shardeum during a crucial phase of its journey. He has held notable roles, including Chief Crypton at Crypton Labs, VP of Engineering at DraftKings, Inc., and Enterprise Architect at Amazon Web Services. Additionally, he has served as CTO for several companies, including Ioconic, iMedicor, iDistribute, and Animatix Studios, Inc.

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Shardeum is a next-generation autoscaling, EVM-compatible layer-1 blockchain designed to offer low gas fees and high throughput as user participation grows. Powered by dynamic state sharding and transaction-level consensus, Shardeum aims to democratize access by enabling anyone to run validator nodes, enhancing decentralization and scalability for Web3 applications.

In his new role, Srini will focus on advancing Shardeum’s innovative features, such as its proof-of-quorum consensus mechanism and dynamic state sharding, which aim to deliver low gas fees and high transaction throughput. Commenting on his appointment, Srini said, “I have been a Blockchain evangelist since I set up my first NFT marketplace back in 2017. Shardeum’s vision of creating a scalable and decentralized blockchain that can serve billions of users is truly inspiring. I look forward to enhancing the platform’s capabilities and helping the team forge ahead on this incredible journey.”

Adam Struck, Founder and Managing Partner at Struck Crypto, a key supporter of Shardeum, expressed his confidence in the blockchain’s future, saying, “This appointment deepens our trust in Shardeum’s commitment to blockchain innovation, reinforcing its mission to provide scalable and decentralized infrastructure for Web3.”

The appointment comes on the heels of Shardeum’s Incentivized Testnet Stage 4, a recent code freeze, and the upcoming node sale. These milestones mark significant progress as the network approaches its Mainnet launch.

 

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