What is sharding on the Casper Network?
Sharding on the Casper Network is a process of dividing the network into smaller, more manageable pieces called shards.
Each shard is a separate blockchain that runs in parallel with the main chain. This allows for faster transaction processing and scalability, as each shard can process transactions independently. The Casper Network uses a consensus algorithm called Proof-of-Stake (PoS) to validate transactions and secure the network.
In PoS, validators stake their tokens to become eligible to validate blocks and earn rewards for doing so. The validators are randomly selected from a pool of stakers based on their stake size and other factors. Sharding on the Casper Network works by splitting up the validator pool into multiple shards, each with its own set of validators.
This allows for faster transaction processing since each shard can process transactions independently without having to wait for all other shards to finish processing their transactions first. It also helps with scalability since each shard can handle more transactions than one single chain could handle alone. In addition, sharding helps increase security by making it harder for malicious actors to attack the network since they would need to attack multiple shards simultaneously in order to be successful.
This makes it much more difficult for attackers to succeed in their attempts as they would need an extremely large amount of resources in order to do so.