A scalable value transfer protocol
for the digital economy

10k tx/secminimal latencynegligible fees

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NEW Elrond to be integrated in Samsung’s Blockchain Ecosystem

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ADAPTIVE STATE SHARDING

Comparable in throughput as to centralized counterparts.

Our architecture goes beyond state of the art and can be seen as an augmentation of the existing models, improving the performance while focusing to achieve a better nash equilibrium state between security, scalability and decentralization.

SECURE PROOF OF STAKE

Minimal energy and computational requirements.

Elrond eliminates the need for intensive PoW consensus algorithms and proposes a novel and more robust Secure Proof of Stake consensus, enhancing intra-shard communication and pruning the blockchain state to the most essential.

DECENTRALIZED

Increased security due to the randomly selected block proposer.

Elrond introduces an improvement which adds security and reduces latency, allowing each node in the shard to determine the members of the consensus group (block proposer and validators) at the beginning of a round. This is possible because the last block’s aggregated signature is used as the randomization factor.

COMMUNICATION

Decentralizing cross-blockchain operations.

The Elrond Virtual Machine’s implementation will hide the underlying architecture isolating the smart contract developers from system internals ensuring a proper abstraction layer. In Elrond, cross chain interoperability can be implemented by using an adapter mechanism at the Virtual Machine level. This approach requires specialized adapters for each chain that is non EVM compatible and wants to operate with Elrond.

READ THE WHITEPAPER

WE PROMISED - WE DELIVERED

Elrond "Zero to One" Testnet

The Elrond testnet has low system requirements and can run on anything from an ordinary computer to T2 medium AWS machines. This iteration consists of static state sharding, secure proof of stake consensus, Schnorr signature for transactions, BLS signatures for random seed generation, and modified BLS multisig for blocksigning.

Metrics that are being monitored to check improvement of the network include: latency, bandwidth limitations, running each validator node on a separate machine with very limited compute power (average dual-core CPU with 4Gb of memory), in different geographic locations.

Key stats for the current testnet are as follows:

Sharding setup: 5 Shards + Metachain
Nodes: 500 x AWS T2.medium (validator nodes) and AWS 12 x T2.large (observer nodes)
Nodes per shard: 83
Consensus: BLS round every 6 seconds on each shard
Consensus size: 63 nodes per shard
Max-Blocksize: ~800KB
Peak-TPS: ~12,500

The team is currently working on improving the network stack used for communication to reduce the bandwidth and network overhead within the consensus group of each shard.

TESTNET EXPLORER GITHUB

A LIST OF BLOCKCHAIN USE CASES

What will you build today?

Open Finance

Gaming

IoT

Healthcare

Prediction Markets

Cross-Border Payments

Interoperability

Real Estate

ROADMAP 2017-2019

Building the future one step at a time

SOME OF OUR INVESTORS

Strong investors backing
the team and vision

"Elrond's outstanding contributions rest on two foundational building blocks: Adaptive State Sharding and Secure Proof of Stake consensus, enabling fast and secure decentralized networks. The team has a clear go-to-market strategy to achieve mass-adoption by shipping the infrastructure for fast, intuitive and engaging dApps. We're excited to be working together to push blockchain technology towards mass-adoption."
- Ella Zhang, the Head of Binance Labs

MEET OUR PARTNERS

Together we are shaping the technology revolution around the world

NEWS AND EVENTS

Stay up-to-date

23 October 2019

Paradigm Fund Review - “Elrond: High-throughput public blockchain with Adaptive State Sharding”

23 July 2019

Seoul meetup

24 Jun 2019

Beniamin Mincu - "PROGRESS OVERVIEW - LAST 3 WEEKS AT ELROND: ..."

20 Jun 2019

Prepare for Launch! Elrond is the next project on Binance Launchpad.

20 Jun 2019

We are thrilled to announce we have closed the private funding round.

29 May 2019

Beniamin Mincu - "ZERO TO ONE - MAJOR MILESTONE FOR THE BLOCKCHAIN SPACE"

20 May 2019

Beniamin Mincu - "ELROND TESTNET UPDATE
1/ For the past 1,5 years ... "

19 May 2019

Lucian Mincu - "Two awesome sharding teams 🤓 @ #eth 2.0 road to #interop workshop lead by @VitalikButerin ... "

11 February 2019

3750+ TPS in a single shard, 30x improvement in throughput compared to our prototype. #elrondtestnet

24 January 2019

Elrond technical forum is now live: https://forum.elrond.com

15 January 2019

Getting close to testnet v.01 - The office view can sometimes be distracting
@ElrondNetwork

18 December 2018

Elrond dev session
@LucianMincu

30 October 2018

Team Elrond is at devcon!
#ethereum #devcon
@ElrondNetwork

3 November 2018

Last night was great!
Innovation, networking and crypto community. Thank you
Cluj-Napoca.

30 October 2018

@ElrondNetwork taking the stage at #buildingthefreeweb #prague

Highlights from our blog

Elrond Q3 Report

"Dear friends, Please find the latest information about the progress of Elrond in Q3 2019.
Main highlights:
Tech — Technical development is going very well. We’ve implemented State sharding and..."

Beniamin Mincu

15th of October

Elrond smart contracts get access to Band Protocol’s data provisioning layer through strategic partnership

"Elrond is pleased to announce the collaboration with Band Protocol, a decentralized data oracle for Web 3.0 applications.
Because of the decentralized, encrypted and incentivized nature of blockchain architecture, on-chain data is provably reliable. Building the next generation of..."

Lucian Todea

14th of October

2key Network will run on Elrond’s protocol

"Elrond is proud to announce a strategic partnership with 2key Network, a Layer-2 solution enabling the execution of smart contracts in a browser-based network, where clicking on a link turns the browser into a blockchain node with a non-custodial wallet.
2key Network is now part of the first batch of projects that capitalize on..."

Lucian Todea

7th of October

Elrond Initiates Cooperation with Contentos — The Decentalized Global Content Ecosystem

"We are excited to announce a new strategic partnership with Contentos, an innovative blockchain startup developing a decentralized media content ecosystem which directly rewards users for their contributions.
Live streaming is a major new force in the gaming industry, creating new links between developers and influencers and shifting our expectations..."

Lucian Todea

26th of September

Elrond Joins Binance Chain Alliance

"We are joining a retinue of high-profile companies and developer organizations to create a collaborative consortium ecosystem at the forefront of blockchain innovation. The Binance Chain Alliance is a voluntary association of blockchain projects which are committed to supporting the Binance Chain and have been listed on..."

Lucian Todea

23th of September

First lessons on double-signing in a sharded architecture — Testnet v1016

"Elrond’s launch is approaching fast. Even though the mainnet isn’t live yet, you can start developing smart-contracts today and deploy them on elrond very soon. Elrond aims to be the best on-ramp for building dApps ready for the broadband era of the internet.

On our journey toward creating the most advanced state sharded proof of stake architecture designed to scale significantly compared to..."

Lucian Mincu

19th of September

Improving the performance of smart contract execution

"The basic architecture of Elrond is a plug-and-play type, where high level components connect/communicate with each other through well defined interfaces. A virtual machine which deploys and executes smart contracts in a specific language is a high level plug-able component in this architecture.

One such VM has to satisfy an interface and gets read-only access to the data existing in the blockchain through a set of hooks. Through this interface..."

Robert Sasu

11th of September

Elrond and Matic Network Engage in Joint Blockchain Infrastructure Research

"We are proud to announce that Elrond and Matic Network have partnered to collaborate on creating more scalable, robust, and secure blockchains for the Web 3.0 frontier. We envision a collaborative future between different blockchains, as opposed to a zero-sum game ridden with excessive competition. Both projects intend to..."

Lucian Todea

20th of August

CryptoBubbles.io: a compelling tale of Gaming & Blockchain — Introducing the first dApp to run on a truly state sharded architecture

"Gaming will quite likely be one of the first major industries to be taken over by the blockchain technology. Tokenization presents a great opportunity to help the gaming market evolve in a new and interesting way. By adding tokens..."