What is Calimero?
Calimero is a customizable sidechain built on top of NEAR protocol. It can be viewed as a network of networks. A solution for businesses to access privacy features and enable scaling. Calimero provides you with an infrastructure which shares all the best benefits of NEAR while being enhanced with multiple new features with emphasis on privacy.
Calimero enables you to:
Spin off your own private shards (think of a shard as a small private blockchain network that you own)
Communicate between your shards and other networks, or between multiple shards (even if the shards are owned by different companies)
What is Calimero private shard?
Calimero private shards are independent networks and do not share validators, execution and state storage. NEAR Protocol is a blockchain that has been built from the ground up to be high-performant, incredibly secure, and infinitely scalable all while supporting sustainability and Calimero shards share all the benefits.
Calimero shards support three main modes of operation:
Permissioned Private Calimero Shard owned by a single entity
Permissioned Private Calimero Shard owned by a consortium
Public Calimero Shard owned by a community
Calimero shards can support up to 200k transactions per second, but a standard one shard deployment has the throughput of 5k transactions per second.
Interoperate with open source protocols and applications to enhance your application, from DeFi to NFTs.
Swap your assets between private chains and other public blockchains seamlessly.
With Calimero, you can perform cross-shard transactions, which allow you to interact with other third parties on the public chain or other permissioned enterprise shards.
With the Calimero SDKs, you can make smart contracts from private shards can call into public blockchain to interact with those applications.
Public smart contracts if setup can also call into private shard’s contracts (extended trust model, similar to Oracles).
An encrypted channel can be used for private shards to interact with each other.
Benefits of using private shards by Calimero network
Calimero’s private shards have all the benefits of NEAR in terms of high performance, security and sustainability. But as an important distinction, shards are not using NEAR’s validators, execution and state storage, but rather you’re using your own. The main benefits include:
Scalability: Scaling your business by having access to free transactions within the shard.
Security: Making part (or all) of your transactions private, with only people/entities with the access to the shard being able to view the data.
EVM compatibility: You can use DApps already built on Ethereum mainnet instead of building them from scratch.
Interoperability: Shards can communicate with the NEAR mainnet, and between themselves (each shard can represent a different company or parts of the same company ), and thanks to the bridge, multiple different assets such as fungible and non-fungible tokens can be transferred.
Customizable, performant and cost efficient: It’s possible to perform up to 200.000 transactions per second (standard shard deployment has the throughput of 5.000 transactions per second). Block times, contract sizes and gas limits are customizable. Bridging the assets or calling data is fast (5-10sec) and cheap (it costs a couple of cents).
Who are Calimero’s private shards for?
Calimero can be used:
As a gateway for traditional (web2) businesses to get into the web3 world with an easy to use dashboard for managing their private shard.
For businesses already operating in web3 who need zero gas scaling and privacy features.
Which industries can Calimero be used in?
There are countless use cases, as only the imagination is the limit. To provide some inspiration, we’ve listed a couple different industries where private shards achieve their full potential.
Governments: Think of banks implementing CBDC, or KYC & anti-money laundering use cases. The private data is stored on a shard, and can be available when needed, but is otherwise hidden from the public.
Fintech: Digital assets and tokenization of financial assets, AML, KYC and digital identity, credit scoring, capital markets, trade finance, privacy solutions (for custody and treasury management).
Infrastructure: For companies into energy, healthcare, insurance, real estate, telecommunications, supply chain… For example in the supply chain/transportation industry, you can use Calimero to verify data, keep track of the shipment across multiple companies (each with its own shard) and even buy/sell the goods while they’re still in transport.
Web3: DAOs, DeFi, CeFi - think of all the operations within them, including orderbook, darkpools, treasury management and contributors payroll, Also in gaming, metaverse, entertainment, publishing (art, music, NFTs).
Gaming: Example of using private shards in gaming: you start a chess game on the mainnet. You bridge the whole game to a private shard. On it, the game plays out for FREE and the moves are hidden (unless you want to reveal them). You bridge the outcome back to the mainnet. And voila!
What you can do with Calimero
Learn how to spin up your own private shard from the console
Learn how to transfer tokens/assets using th Calimero Bridge
Learn how to use the Calimero SDKs to make smart contract calls