Elrond's outstanding contributions rest on two foundational building blocks.

By freimiller | freimiller | 4 Sep 2019


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Elrond Network is a project that can solve the block chain scalability of networks and increase the interaction of technology with real sectors of the economy. The main goal of ElrondNetwork is to create a new block chain architecture that goes beyond the current level and is designed for practical scalability using adaptive state separation and secure transaction approval (SPoS). In an ecosystem committed to inter-network interoperability, smart contract solutions offer an EVM-compliant mechanism to ensure interoperability in design. This is the guarantee that Elrond Network will be in a constantly growing block chain environment.

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Elrond network – A rethinking of the generally available block chain architecture specifically designed to provide overall improvement in general due to scalability, efficiency, and security while maintaining a decentralized configuration. To achieve this goal, the team implemented a new adaptive state separation mechanism that provides scalability that paralyzes the processing process as more nodes join the network. At the level of agreement, Elrond proposed a new mechanism called the Alım Proof of Procurement ”, introducing a random selection of the consensus group, the“ bet plus ”rate as a function of suitability for the prevention of sibil attacks, and the almost immediate certainty based on pBFT. Designed to be compatible with Elrond, EVM and Ewasm to provide decentralized applications.

To date, Elrond has made significant progress in improving its product. Thanks to the latest iteration of their networks, the GO code has been completely rewritten in the language and has been able to reach 3750+ TPS in a single segment, a significant improvement since team prototypes. This shows that the team is committed to the roadmap, has made continuous progress before raising funds, and that investors already know what they are investing in. Testnet works successfully and works. Elrond’s first block chain also features a handy UX that will be available to the public in the next few months.

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In the latest version of the roadmap, the team drew attention to the progress of the El9d network in 2019, presenting the details.

Website : https://elrond.com/

Whitepaper : https://elrond.com/files/Elrond_Whitepaper_EN.pdf

Telegram : https://t.me/ElrondNetwork

Twitter : https://twitter.com/elrondnetwork

Medium : https://medium.com/elrondnetwork

Elrond bounty campaing link : https://community.elrond.com/referral/Pck7oQvJC1dBISP/

Elrond username : freimiller

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