Elrond: High-throughput public blockchain with Adaptive State Sharding

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ElrondNetwork: High-throughput public blockchain with Adaptive State Sharding

+ 65k tx/sec
+ minimal latency
+ negligible fees

For those who did not have time to read the full whitepaper - ERD have prepared a onepager!

THE PROBLEM: Censorship resistant protocols are indispensable

A few decades after its invention, the internet has brought compounding improvements in speed and bandwidth of communication, instant access to the world’s knowledge, rapidly increasing rate of innovation, and hence, a growing global economic output.

But with the near omnipresent surveillance tools, increasingly potent behavioral impact of technology, and worrying concentration of power in the hands of a few tech giants, the crucial necessity for a new layer of the internet becomes evident. One preserving the instrumental benefits enabled by technology, yet limiting its potentially restrictive inclination by means of decentralization.

Elrond is at the forefront of this major shift in core internet infrastructure, empowering a higher level of social scalability through sovereign digital ownership, data privacy, unstoppable censorship-resistant applications, novel digital economies and governance models

THE SOLUTION: Innovative technology applied at scale

Elrond is a complete rethinking of public blockchain architecture, especially designed to bring a 1000x overall improvement by being scalable, efficient and secure while maintaining a sufficiently decentralized setting.

To achieve this we introduce a novel Adaptive State Sharding mechanism, enabling linear scalability as more nodes join the network by parallelizing transaction processing.

On a consensus level we propose a novel mechanism called Secure Proof of Stake, introducing a random selection of the consensus group, stake plus rating as a fitness function for sybil attack prevention, and near-instant finality based on pBFT.

To enable decentralized applications we design Elrond to be EVM and Ewasm compliant, supporting multiple smart contract languages and formal verification.

THE FUTURE: Digital economy of tomorrow

What will the future look like? The best way to predict the future is to create it.

Elrond’s developer-friendly design is based on the following fundamentals: trustless network for value transfer, privacy safeguarding, facilitation of new business models (removes the middleman and inefficiencies), along with the development of secure and decentralized applications.

All these elements create a balanced recipe for a decentralized future.

Envision that you are the citizen of a country with no geographical frontiers, maybe digital frontiers. Your digital citizenship gives you some rights and obligations.
You express your voting intentions through a transparent, secure, and decentralized e-voting system. A similar system is in place to track your contributions and taxation. You live in a city, a smart city where you pay for what you use, in an optimized shared-based economy where everything is tokenized and accessible in a transparent, secure and fair way.

Using blockchain technology as a force for unification will accelerate a future of transformation, innovation and ultimately strengthen the standard of transparency across industries. Furthermore it will enable complete access and ownership of it’s users private data.

Here is a short overview in the meantime:

Website: https://elrond.com/
Telegram: https://t.me/ElrondNetwork
Tele Ann: https://t.me/ElrondNetworkAnn
Elrond Github: https://github.com/ElrondNetwork

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Elrond Validator Economics Proposal
https://medium.com/elrondnetwork/elrond-validator-economics-proposal-8679da7551ac

We are very excited to share more information on the validator economic rewards, given the great interest we have seen from the Elrond community. You can see this as a first step in a series of conversations we will have while outlining the Elrond economic model. We appreciate your feedback so feel free to reach out!

Constants:
Total starting supply: 20 000 000 000 ERD
Minimum Stake: 500 000 ERD
Consensus Round (seconds): 5
Consensus Epoch (hours): 24
Minimum validators per shard: 500
Consensus group (no. of validators): 63
Hypothetical Maximum No. of Validators nodes assuming 20B ERD stake supply locking: = 20 000 000 000 / 500 000 = 40 000
Hypothetical Maximum No. of shards assuming 20B ERD stake supply locking: = 40 000/500 = 80
Important note: the above hypotheticals are not meant as desired targets but merely explanatory calculations outlining constraints.

Staking rewards model:
Elrond prevents attack vectors in 2 ways: incentivising validators to do a proper job, slashing malicious validators.
Most of the staking rewards are paid via new monetary supply emission. Based on preliminary calculations the overall monetary supply increase during the 1st year will be around 7.5%.
The supply emission algorithm is a function of: the number of shards, number of nodes, supply staked, and the incentive for targeted stake locked. The current model tries to keep the inflation rate between 7% to 8% no matter how much is staked. After the first year, the numbers and inflation rate are expected to be adjusted.
Please see this document for a more: https://docs.google.com/spreadsheets/d/1pY1hboThx773k6CFcWb_5UK0CdbU0LInjHgLj7y6l5k/edit#gid=1245717950

Emission distribution will happen as follows: 90% of all newly issued ERD will go to validators, and 10% will go the the Elrond reserve pool.

Fees model:
We believe that relying on transaction fees too much creates the premises for potentially large and hard to analyse game-theoretic attacks.

Still, to create a strong incentive for validators to act in the best interest of the network we propose this fee model where:
    50% are distributed to validators
    40% are burned
    10% are either (a) donated to the Elrond community fund or (b) also burned

Initial staking Targets
For the bootstrapping period of the network, we have set 2 clear initial targets for number of validators required for the network.

Simulations of Targeted stake locking, processing capacity and validator rewards

Minimum node requirements

Hardware: Elrond lowers the barrier to entry for validators, as nodes were designed to run on average consumer grade computer hardware. To be precise, you can run an Elrond node on an AWS T2 Medium, with dual-core processor, and 4GB ram.

Bandwidth: The optimal bandwidth required for an Elrond validator node to support full network performance is an average of 100Mbps.

Storage: The optimal storage capacity for a validator node to store 2 epochs of data with 15k transactions/block is 200GB.

Conclusion
Please note all the above is presented as a preliminary validator economics draft. The full economics design rationale will be presented in a paper scheduled to be published in the next period. Any feedback and suggestions are greatly appreciated in the meantime.

Website: https://elrond.com/
Telegram: https://t.me/ElrondNetwork
Tele Ann: https://t.me/ElrondNetworkAnn
Elrond Github: https://github.com/ElrondNetwork

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Transparency should be a default, with Xangle we guarantee it

xangle.io

Elrond believes information is key to protect investors and for the crypto asset market to transition from today’s speculative investment environment to a more rational and legitimate environment. Information is one of the major causes of speculation. By practicing disclosure on Xangle, we are tackling information distortion and ensuring our investors get all the necessary information to make informed decisions.

As part of this partnership, our team went through a strict due diligence process by Xangle to publish a separate Due Diligence Report that will be made available to Xangle’s partnered exchanges. Exchanges will use this institutional grade report to perform continuous evaluation of projects. Currently they are actively working with leading exchanges such as Bithumb, Korbit, GOPAX, and CPDAX, to name a few.

Comprehensive information is also available to retail investors, so you can check out our public information disclosure page HERE (https://xangle.io/project/home/ERD). When you are uncertain about our current token supply or want to know the latest business updates, we recommend you check Xangle as it holds the most accurate information.

    “Good technology needs to go hand in hand with good practice and Elrond is making yet another important step in building trust through the partnership with Xangle that offers another layer of transparency. In an environment that has historically been affected by mistrust and general perceptions have been negative, we feel transparency is important and needs to come by default,” commented Lucian Todea, COO of Elrond Network

About Xangle
Xangle provides accurate, comprehensive, and up to date token information as well as company information of blockchain projects so that crypto investors and exchanges are able to make better investment or listing decisions.

About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Elrond is built by a team of experienced entrepreneurs along with 13 engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA. The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.

Website: https://elrond.com/
Telegram: https://t.me/ElrondNetwork
Tele Ann: https://t.me/ElrondNetworkAnn
Elrond Github: https://github.com/ElrondNetwork

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Let’s recap.

"Gartner forecasts that blockchain will generate an annual business value of more than US $3 trillion by 2030. It’s possible to imagine that 10% to 20% of global economic infrastructure will be running on blockchain-based systems by that same year.”

This is still 2019 and Elrond is making significant steps in making sure the future is ours. One step at a time, Elrond has been focused on enhancing usability, adoption and to amplify outreach. This newsletter offers a summary of our recent developments.


+ Elrond’s first validator economics proposal is now published

+ Paradigm Fund released a full review on Elrond

+ Elrond partners up with Xangle.io

+ Ask Me Anything session on Binance’s largest community.

+ Seoul and London meetups.

https://Elrond.com - Blazing fast, highly scalable blockchain

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THIS WEEK IN ELROND:
https://twitter.com/iulian_pascalau/status/1159854177931137024?s=20

1/ VM factory. Elrond does not limit itself to only one VM, we can have as many as we want. More VMs, more languages, more tools, easier to develop the new best dApps.
2/ Technical analysis for the next VM/language which will be integrated besides IELE. More info next week, when the integration is finished.
3/ Nodes Coordinator implementation in preparation for rewards and rating management.
4/ IELE VM is further optimized, by implementing left hand side tree verification on the generated K rules. When finished, this will bring important processing optimizations.
5/ Wrapped the node's REST API with pprof routes to allow us to remotely monitor the resources used and find possible memory or goroutine leaks.
6/ Bugfix / feature add gaslimit per miniblocks and developed a termui-based console implementation for a better interaction with the node.
7/ Improved components documentation and requirements, done polished integration tests.

https://Elrond.com - Blazing fast, highly scalable blockchain

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Crypto.com Lists Binance Launchpad Token: Best place to purchase ERD at true cost with zero fees and markups

<HONG KONG, August 13, 2019>  -  Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has listed Binance Launchpad token, Elrond’s ERD to its App. ERD joins a growing list of cryptocurrencies and stablecoins on the Crypto.com platform, such as bitcoin (BTC), ether (ETH), Litecoin (LTC), XRP, TrueUSD (TUSD), PAXOS (PAX), and its own MCO and CRO Tokens.

Elrond is a highly scalable public blockchain focused on providing security, efficiency, scalability, and interoperability. It has been built with adaptive state sharding and is based on the Secure-Proof-of-Stake consensus mechanism.

With ERD added to the Crypto.com, users can now purchase it at true cost with no fees - credit card and bank transfer both supported. As Crypto.com also offers the MCO Visa Card, this adds additional utility to ERD as users can easily convert cryptocurrencies into fiat currencies and spend at over 40m merchants globally.

Kris Marszalek, Co-Founder and CEO of Crypto.com said: “We are pleased to make Crypto.com a platform for the Elrond community to purchase ERD at true cost. Given the growing selection of digital assets, fiat onramp and lack of fees, Crypto.com is simply the best place to buy, sell and pay with crypto.”

Beniamin Mincu, Founder and CEO of Elrond said: “With Elrond we’ve built perhaps the most scalable and efficient blockchain architecture to date, one that can truly enable real world adoption. We are happy to list Elrond on Crypto.com and bring real utility for the whole Elrond community. Starting today you can shop using ERD directly!”

About Crypto.com
Crypto.com was founded in 2016 to accelerate the world’s transition to cryptocurrency. Key products include: the Crypto.com App, the best place to buy, sell, and pay with crypto, the MCO Visa Card, a metal card with no annual fees, and the Crypto.com Chain, which enables users to pay and be paid in any crypto, anywhere, for free. Crypto.com is headquartered in Hong Kong with a 150+ strong team. For more information, please visit: www.crypto.com.

About Elrond
Elrond is a high-throughput public blockchain aimed at providing security, efficiency, scalability, and interoperability via Adaptive State Sharding and a Secure Proof of Stake consensus mechanism. To achieve this, Elrond relies on two 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. Elrond has also be designed to be EVM and Ewasm compliant, supporting multiple smart contract languages and formal verification. For more information, please visit: www.elrond.com.

Note: Elrond’s ERD is not available for Crypto.com App users in the U.S.

https://Elrond.com - Blazing fast, highly scalable blockchain

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NEW Exclusive Interview in Forbes with  Beniamin Mincu, CEO
  How This Company Is Pushing The Limits Of Blockchain Technology To Achieve Scalability

Beniamin Mincu, CEO of Elrond

Momentum is gaining among blockchain proponents that the next generation of applications, free from the centralized data monopoly of big tech, is just over the horizon. At the core of the race towards more scalable, decentralized applications (dApps) is the hope that recent advances in the underlying technology, ranging from sharding to proof-of-stake, can provide the type of infrastructure that these dApps need to become widely adopted.

 One of the platforms pushing the envelope in the underlying technology is Elrond, a high-value transfer network that relies on secure proof-of-stake consensus and a bleeding-edge integration of sharding with a public blockchain.

Sharding is an ambitious take on scaling public blockchains at the convergence of decades-old technology for horizontal database partitioning and decentralized networks. Elrond has made some significant headway producing a working sharding implementation, and already has a testnet live with an early version of their platform.

I had a chance to speak with Beniamin Mincu, CEO of Elrond, on the progress and future direction of the technology, along with its potential industry-wide implications.

Joresa Blount: Can you give a high-level overview of the technology (i.e., sharding & proof-of-stake) that underpins your network?

Beniamin Mincu:  Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel adaptive state sharding mechanism and a secure proof-of-stake (sPoS) algorithm.

The key insight with sharding is that you can partition the network into smaller networks to enable parallel transaction processing. Once you can do that, a new performance paradigm opens up. There are 3 levels of sharding, each posing a more difficult challenge that needs to be solved: transaction sharding (level 1), network sharding (level 2), and state sharding (level 3). After more than one and a half years of work, Elrond has validated the technical model proposed in its technical paper, and has come with a practical solution to the most difficult of the problems that can radically increase performance.

The adaptivity of our sharding model means that unlike other networks, in Elrond, as more nodes join, the network can expand and contract in real-time. In other words, as more nodes join the network to reap validator rewards, new shards are formed based on a clever binary tree model, and scalability increases even further.

The second key innovation in Elrond is its secure proof-of-stake algorithm. Elrond has attempted to depart from the energy-intensive and unsustainable proof-of-work and come up with a solution compatible with a globally scalable architecture. Thus, we employ proof-of-stake to significantly improve energy efficiency and prevent Sybil attacks, random sampling of the consensus group to make it very secure, unpredictable and use of a PBFT consensus variation for breakneck execution speed.

The implication of these improvements is hard to overstate, and businesses are starting to pay attention because, for them, they make all the difference.


READ MORE >>>>>> HERE

https://Elrond.com - Blazing fast, highly scalable blockchain

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Elrond Brings Its High Throughput And Fully Sharded Blockchain Infrastructure To The Trusted IoT Alliance

https://www.trusted-iot.org

Elrond Network, the scalable public blockchain that deploys sharding technology has announced that it has entered the Trusted IoT Alliance (TIoTA), joining a retinue of high-profile enterprises and developer organizations to create a collaborative consortium ecosystem at the forefront of IoT innovation

August 14, 2019 / The McKinsey Global Institute projects that nearly 30 billion devices will be connected to the Internet by 2020, encompassing an overall IoT economic impact value between $4 trillion and $11 trillion by 2025. TIoTA’s 2025 goals include building a secure, interoperable, and scalable IoT ecosystem based on blockchain technology that is capable of facilitating M2M payments, autonomous supply chain management, and many more applications across multiple industries.

Elrond Network is ideally suited for the push into the next generation of the Internet, where scalable, public infrastructure will be necessary to support the frictionless transfer of value. Elrond is one of the blockchain projects spearheading the experimentation of scalable, interoperable infrastructure for the underlying technology.

The platform relies on a horizontal database partitioning technique called sharding, and, when blended with the network’s Secure Proof-of-Stake consensus (SPoS), provides a decentralized and highly performant blockchain. As a result, Elrond presents an optimal backbone for the ongoing work of TIoTA, and the network will be of use to the TIoTA’s enterprise members for hackathons and challenges meant to solve real-world problems.

The TIoTA Consortium is comprised of numerous projects at the bleeding-edge convergence of IoT application development and blockchain technology. Alongside major corporate partners such as Bosch, Cisco, Telekom, Siemens and others, Elrond is positioned favorably to support the growth of TIoTA’s leading open-source software foundation.

Source: https://www.trusted-iot.org

    Elrond Founder and CEO, Beniamin Mincu, commented: “Our collaboration with the Trusted IoT Alliance is a significant step forward meant to enable countless real-world applications to be built using Elrond’s state of the art architecture. Alongside the likes of TIoTA’s enterprise, IoT and blockchain members, Elrond’s public, sharded blockchain can provide the infrastructure that is necessary for the digital economy to blossom.”

    “Elrond provides a scalable value transfer protocol for the digital economy,” said Anoop Nannra, Chairman of the Trusted IoT Alliance and Head of Blockchain at Cisco. “We are thrilled to have Elrond join our organization and contribute to our collective goals to establish best practices for the market and too commercialize trusted initiatives.”

Elrond’s integration with TIoTA comes amid a flurry of recent developments for the project. The Elrond Testnet is already live and has demonstrated the performance of more than 10K transactions per second. Similarly, Elrond recently announced their partnership with decentralized oracle service, ChainLink, who made waves recently under the agreement with Google.


About TIoTA

TIoTA is a result of the collaboration amongst passionate technologists working to leverage blockchain infrastructure to secure and scale IoT ecosystems. TIoTA seeks to enable trust in the data produced by such IoT systems in a distributed ledger/blockchain agnostic fashion, thereby enabling a decentralized trust model for interoperable digitized identities of physical goods, documents, immobilized assets, sensors, and machines. Visit trusted-iot.org and search #tiotachallenges and to learn more.

https://Elrond.com - Blazing fast, highly scalable blockchain

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CryptoBubbles, a Multiplayer Online blockchain-based action Game, created in the Elrond Network labs

https://CryptoBubbles.io

FOR MORE INFORMATION, VISIT HERE: 

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 new and interesting way. By adding tokens, self-custody, transferability, and interoperability the gaming experience can be taken to the next level, making games even more electrifying and rewarding(literally).
So, we’re very excited to present CryptoBubbles, a Multiplayer Online blockchain-based action Game, created in the Elrond Network labs and inspired by the already famous Agar.io game

Easy rules
   Move your mouse cursor on the screen to maneuver your bubble.
   Eat food cells (these are smaller static bubbles) and other players bubbles, in order to increase the mass of your bubble.
   Rewards: Top 10 players are rewarded, and will able to join the next round without having to be in the waiting list!
   Round duration: 4 minutes.
   Round fee: 500 ERD(decreases if a player joins later in the round).
   Pause between rounds: 15 seconds.
   Initial account balance: 10 000 ERD.
   When your balance goes bellow 1000 ERD, you can use the Faucet feature to request free coins. This option is available once per day.

Winner rewards
The goal of this game is to have fun, but if you’re among the winners there are some rewards as well. These rewards will be split as follows:
   - the first ranked player takes 55% ERD pot;
   - second ranked player takes 20% of the ERD pot;
   - the third ranked player takes 10% of the ERD pot;
   - 4th rank takes 6%;
   - 5th rank takes 4%;
   - 6th rank takes 1%;
   - 7th rank takes 1%;
   - 8th rank takes 1%;
   - 9th rank takes 1%;
   - 10th rank takes 1%,
   - the rest lose their fee.

https://Elrond.com - Blazing fast, highly scalable blockchain

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ElrondNetwork’s short summary progress made this week - Read the thread HERE for the weekly tech update

1. Released feature-rich testnet v1.0.12 with a redesigned ui and validator monitoring. Verifying your nodes is easier, all the data rendered into a simple UI.
2. Reworking the scripts for starting a node, one-click deployment, bringing all the tools, building and running them. There is no more need to start a CLI.
3. Improved gas limit and consumption calculation for miniblocks. Creating batches of miniblocks with predefined gas limit, in order to be sure that it is executable in a given time in the destination shard.
4. Heartbeat gets new data to be shared, this tool helps to send and receive messages about your connected peers and their statistics.
5. New validator page, now you can see who is on and synchronized from the validators on the testnet. This is the frontend for heartbeat. Keep your validator in the green.
6. Started integrating the new VM to run WASM. Multiple languages can be compiled into it, ran with JIT/AOT compilers, a number of great developer tools are already available and it is super fast.
7. We propose to support multiple engines in the back: WABT, Bynarien, WAVM, Google V8. As always, it is not enough for us to copy existing technologies, we want to improve them.
8. Launched http://cryptobubbles.io. First dApp in a truly sharded architecture. Written in IELE, running on a formally verified VM, k framework with go backend.

9. IELE VM got another set of improvements, when it comes to memory handling and rule matching. It is getting faster every day.
10. One more step for K Finality in shards. As a group of bad actors can drive some part of the shard into an invalid fork, that group will be desynchronized from the netwrok. The solution is to revert back to the final shardblock notarized by metachain.
11. Activated nonce check for each type of transaction
12. In our stress tests we found and interesting bug: the consensus and processing was so fast that 2 consecutive blocks were created in the same round.
     Metachain subsequently stopped notarizing the shardblocks becuase of invalidity.
     Added more security checks on any block.
13. Detailed documentation and specification of the Elrond node. It started as an internal description of the components, but it will become our open cookbook.
14. Elrond HQ validators meeting was a great success, many enthusiasts to become validators in the Elrond protocol. Discussed the further steps in terms of automatizing the administration of the node.

https://Elrond.com - Blazing fast, highly scalable blockchain

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BitMax.io Listing of Elrond  - Upcoming Airdrop & BitTreasure

Event 1⚡️: ERD Airdrop to Newly-registered Users & Event 2⚡️: ERD BitTreasure

Full terms and conditions here: https://bitmaxhelp.zendesk.com/hc/en-us/articles/360034680073

https://Elrond.com - Blazing fast, highly scalable blockchain

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This week in Elrond  (#8) :
  Read the thread below for the weekly tech update

1.  WASM integration into Elrond protocol is almost ready, ~90%. We choose to use ewasm / hera as the base and changed the whole implementation and logic of linking the actual engine to the protocol.
2.  The next things are defining and limiting non-deterministic behaviour of WASM linking crypto hooks into the Engine, as we want to get rid of sentinel contract. Further steps is to create libraries for smart contract developers to use and deploy them.
3.  Optimization for our formally verified VM with GO backend never stops: improvements on collections, especially maps.
-> Heartbeat improvements: checking the validity/integrity of the information about the node - ShardID
4.  Completely refactored of the interceptors component. Interceptors do the hard work of prevalidating any data coming from the network. They unmarshal the data, verify the integrity and validity of all data fields, caches and validating the data.
5.  As we work mostly with interfaces and go's nil check does not verify if the underlying object is nil, it may have adverse effects such as nil pointer exception. All nil check on the protocol got updated with interface nil checks as well.
6.  Transactions generator binary: working on a new binary which will generate transactions used for stress-testing on the testnet. It will send a given number of intra-shard or cross-shard transactions to the network, optimising the test transactions generation from the node.
7.  We finally have a peer processor which writes into the peer state trie, it updates data such as uptime, rating, number of signed and missed blocks and so forth.
8. Metachain gathers all the peer data through the shard headers and updates the trie. As all the nodes process the meta-headers they also update their peer state. So all the peers have the same global view of how the others behave.
9.  Handling of summing all the transaction fees and creating special transactions to the leader, to a burn address and to the community is finished. Implementing rewards is in the final meters, in the weekend will be finished.
10.  Validator Dashboard improvement on termui console, added new metric for block info and change CPU load and Memory load to display how many CPU and Memory node use.
-> More features added to the testnet validator lists on https://testnet.elrond.com/#/validators

11. Oh, cryptobubbles got some new, better AI bots, just to make a little bit harder/funnier the game. Have not described what is happening behind the gameplay but will follow up on this soon. Give it a try and share it with your friends -> https://cryptobubbles.io

12. From my point of view, I guess this is the best testnet version released after the official public release, and I am really happy to see all these devs / validators getting involved running the chain, upgrading and maintaining a overall uptime of 99% of most validators.
13. Join our validator / dev call next week https://twitter.com/LucianMincu/status/1164492824445902848?s=20

https://Elrond.com - Blazing fast, highly scalable blockchain

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The great share of the country - the Korean community, through Mr.Beniamin Mincu's trip (Founder & CEO Elrondnetwork)

1/ Recently returned from Seoul, Korea after a second visit, where I've had to opportunity to connect to the local community and share more about Elrond. Here are a few thoughts

2/ Seoul has a ~10 Mil population and a GDP of $329 Billion. That is half the population of Romania in one city and ~1.5x of its GDP
3/ Seoul felt like a large village: warm, conservative, with strong relationship based businesses, where everyone knows everyone, and anyone seems at 1-2 connections away
4/ Given that Korea was among the poorest countires in the world in the 60's, it is astounding how much they have improved
5/ Due to the combination of order, respect and non aggressive attitude, Seoul instills an immediate feeling of safety, making you feel almost at home, even though there's a huge language and culture barrier
6/ The people are sharp, hardworking, modest and extremely competitive, so it is hardly a surprise they've reached this point
7/ Korea is one of the first and largest movers in terms of blockchain tech & cryptocurrency adoption. Countless experiments and startups, plus few of the largest exchanges in the world
8/ We’ve had lots of productive discussions with businesses, #buidlers and validators, and I see a great long term fit between Elrond and Korea

Looking at the country, culture, people, the potential is huge. Can’t wait to return & plant some deep roots for Elrond there!

https://Elrond.com - Blazing fast, highly scalable blockchain

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MessariCrypto https://twitter.com/MessariCrypto/status/1163816616146001924?s=20

MessariCrypto announce the sixth batch of Messari Disclosures Registry participants.  Newest members include  @akropolisio, @beamprivacy @CardanoStiftung @ElrondNetwork @FUSIONProtocol @FoundationHelix @keep_project @LiskHQ @orbs_network @PermissionIO @VSYSCoin

https://Elrond.com - Blazing fast, highly scalable blockchain

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Matic Network and Elrond Engage in Joint Blockchain Infrastructure Research

  MORE INFORMATION >>>> HERE:  

https://Elrond.com - Blazing fast, highly scalable blockchain