Elastic sharding is a mechanism used to enhance scalability in blockchain networks. It involves dividing the network into smaller parts called “shards,” each capable of processing transactions independently. This separation allows for parallel transaction processing, which can significantly improve overall throughput.The term “elastic” refers to the ability to dynamically adjust the number of shards based on network demand. When the transaction volume increases, more shards can be created to handle the additional load. Conversely, during times of low activity, the number of shards can be reduced to conserve resources.This approach helps maintain performance and lowers latency, ensuring users experience faster transaction times. By adapting to fluctuating demands, elastic sharding provides a flexible solution that can grow with the network, addressing congestion and improving user experience. Overall, it balances efficiency and resource management, making it a promising strategy for scalable blockchain systems.

BitMine Reports $13.4 Billion in Crypto and Cash Holdings
BitMine Immersion Technologies on Monday reported total holdings of $13.4 billion in cryptocurrency, cash, and equity stakes, reinforcing its position