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.
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)