Ethereum Danksharding explained like you are 12 years old, with wizards, gold coins and magic keys

Now that the Merge is firmly behind us, and that we're deep in the bear market, I think it's time to learn more about the tech behind blockchains.

So today, I'd like to offer an ELI-12 of Ethereum Danksharding, one of the proposed improvement to the network that could help it scale by orders of magnitude.

Once upon a time…

Imagine a group of wizards who have the power to create gold coins out of thin air. They are responsible for maintaining the integrity of the coin supply and ensuring that no one can double-spend or counterfeit coins. In order to do this, they must agree on who owns what coins and when transactions occur.

Now imagine that one day a powerful magical dragon appears and threatens to destroy all the wizards if they don’t agree to split the coin supply in two. The wizards reluctantly agree and create two separate blockchains – each with its own set of rules and regulations – in order to protect themselves from the dragon’s wrath.

On each blockchain, there is now a group of validators responsible for verifying transactions and maintaining the integrity of the coin supply. These validators are rewarded with newly-created coins whenever they successfully validate a transaction, ensuring that they remain incentivized to keep up their work.

The result is that Ethereum now exists as two independent blockchains – each with its own set of rules and regulations – but both still using the same underlying technology. This means that users can continue making transactions as before, but now there is an extra layer of security provided by having two separate chains working in tandem. This also allows for faster transaction times since both chains can process transactions simultaneously.

In summary, Ethereum danksharding is a process which splits Ethereum into multiple independent blockchains in order to provide an extra layer of security while still allowing users to make transactions as before. It works by having validators verify transactions on each chain while being rewarded with newly-created coins for their efforts, thus providing them with an incentive to keep up their work.

All right everyone, thanks for listening to my story!