About

Shiden Network is a multi-chain decentralized application layer on Kusama Network. It supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions, providing a platform for various applications like DeFi and NFTs. Shiden Network is building bridges to various blockchains and offers basic income for developers through staking SDN tokens. With native support for both EVM and WASM, Shiden aims to be the premier multi-chain smart contract platform on Kusama Network. Backed by prominent investors and supported by industry programs.

History

Shiden Network was built by Stake Technologies, the same organization that is building Astar Network. Shiden is a sister network of Astar, and its ongoing development and feature set will be similar to Astar. Stake Technologies announced its intention to launch Shiden Network in late January 2021. It won the third Parachain Auction (granting it the rights to lease the fourth parachain slot) on Kusama in July 2021.