Introducing the Elrond
team and technology
Elrond is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable and interoperable. Elrond’s main contribution rests on two cornerstone building blocks: 1) A genuine Adaptive State Sharding approach: effectively partitioning the chain state into multiple shards, handled in parallel by different participating validators; 2) Secure Proof of Stake consensus mechanism: an improved variation of Proof of Stake (PoS) that ensures long term security and distributed fairness, while eliminating the need for energy intensive PoW algorithms.
Testnet “Zero to One” live launch event
We are excited to announce that Elrond has launched the “Zero to One” testnet. This iteration is the most advanced validation of State sharding & PoS to date. The current version 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.
Introductory presentation to Elrond from Zurich - Blockchain preAccelerator. Elrond is a complete rethinking of public blockchain architecture, solving scalability through adaptive state sharding , efficiency through secure proof of stake , and will enable EVM compliance by design. Elrond attempts to bring a 1000x improvement compared to current status quo, aiming for 10,000 TPS, low latency, and minimal fee.
#SFBW18 Scalability: Decentralized or High Performance?
Scalability Panel @ San Francisco Blockchain Week 2018: Decentralized or High Performance? Panelists: Bonnie Cheung (500 Startups), Beniamin Mincu (Elrond Network), Jack O'Holleran (SKALE Labs), Anatoly Yakovenko (Solana), Kevin Wang (Nervos)