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Through the most advanced validation of Adaptive State Sharding, Elrond Network makes decentralization, without any lapse in security, a reality for the masses. Elrond can enable the first network scalable enough to sustain the through demands of the smart cities of the future.
www. reuters.com/brandfeatures/venture-capital/article?id=116044
(https://www.vcnewsnetwork.com/wp-content/uploads/2019/06/Elrond-500x263.jpg)
Sibiu, Romania – June 3, 2019 —
Blockchain technology successfully penetrated mainstream airways in 2017. Most of the mass media exposure, though, focused on the net market cap of all cryptocurrencies, which nearly reached the trillion-dollar milestone. While this sudden popularity of cryptocurrencies led to an influx of speculators, a few recognized the incredible underlying value of blockchain technology and the benefits it could yield to the world, and these people became a part of the few ICOs that delivered their promises.
Incredible decentralized applications and protocols are in existence. Decentralized exchanges can potentially bring liquidity to any asset market, data trade protocols can enhance machine learning, and, perhaps most importantly, decentralized currencies ensure people have true ownership of their wealth. However, even though many of the developments in the blockchain space offer undeniable value, they remain either unutilized or severely underutilized. The problem is no longer awareness as blockchain technology has received and continues to receive an incredible amount of exposure in mass media. The cause of the underwhelming adoption of blockchain technology is primarily attributed to the existing networks’ inability to support a larger user base.
Major blockchains, like Ethereum, can handle an extremely limited number of transactions per second. The result of this is that even if enterprises or consumers are attracted to a specific application, they’re quickly put off by the poor user experience associated with the lack of scalability.
Blockchains have to be scalable. There’s a misnomer in the blockchain sector around the need to sacrifice decentralization or security when pursuing scalability. This is a part of the blockchain “Scalability Trilemma,” as explained by Vitalik Buterin. The Trilemma is an assertion that blockchains must sacrifice at least one of the following: (1) Decentralization: Being able to support nodes with limited resources, i.e. household laptop; (2) Scalability: Scaling linearly; (3) Security: Possessing a consensus mechanism that can thwart attackers.
If the blockchain “Scalability Trilemma” cannot be overcome, then blockchain technology cannot deliver a significant use case. Thus, Elrond Network, which is on its way to being the first blockchain to successfully tackle the Trilemma, is on the verge of achieving a significant milestone in the development and mass-utility of decentralized networks.
Elrond Network is the most advanced realization of Adaptive State Sharding. The use of sharding to improve network scalability is an often-proposed concept. However, present developments have only approached state sharding, which is a propagation of network storage needs across network shards.
State sharding, alone, is not sufficient.
Thus, Elrond Network has integrated Adaptive State Sharding, which aggregates the benefits of state sharding, transaction sharding, and communication sharding. While state sharding distributes the storage burden, transaction sharding distributes the transaction processing and communication sharding propagates messages into smaller partitions. A live blockchain involves communication between nodes, data storage, and transaction processing. Present network bottlenecks are associated with one or all of these factors. To truly achieve scalability, Elrond Network tackled the scalability problems faced with each factor.
With Adaptive State Sharding, Elrond network is able to deliver over 3,750 transactions per second per shard. As state sharding limits the storage burden and transaction sharding limits the computational burden that an individual node would face, Elrond Network is able to support active nodes sourced from a mere household laptop. These nodes, which become a part of a shard, can be activated to linearly scale the network whenever throughput demand grows.
Through Elrond Network’s scalable throughput and ability to maintain a decentralized ecosystem that can support a large base of active network participants, blockchain technology can enable the cities of the future. Smart cities, which integrate incredible volumes of data transactions between autonomous devices and constant automated transfers of value within the devices, can be a reality through the use of Adaptive State Sharding. The creation of true decentralized exchanges which can bring liquidity to virtually any asset class can be possible with Adaptive State Sharding, as the linear scalability attribute could allow the network to match—even surpass—the throughput of modern centralized exchange engines.
Importantly, Elrond Network’s ability to deliver a blockchain in which anyone can run a node with the same degree of simplicity and ease faced when running a web browser will ensure that the smart cities of tomorrow are able to seamlessly integrate human transactions and communication whenever needed. Thus, this is a network that can deliver utility to both the internet of things and the internet of humans.
On a closing note, Elrond Network’s strategic partnerships with NASH and NETOPIA Payments are a testament to this blockchain’s ability to deliver novel solutions to the masses. Elrond Network is designed to handle the demands of even the most advanced blockchain-enabled applications and software while withstanding the growing network demands the blockchain will naturally attract. Visit us at elrond. com to learn more
Contact Info:
Name: Beniamin Mincu; Position: CEO
Email: Send Email
Organization: Elrond Ltd.
Address: Strada Nicolaus Olahus 5, Sibiu 550370
Phone: + 40 (763) 375 276
Website: elrond .com
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Elrond Initiates Cooperation With TypingDNA — a leading provider of typing biometrics solutions
(https://cdn-images-1.medium.com/max/720/1*7v7m1V0mcb_lRGoDL3Ac0Q.jpeg)
St. JULIANS, MALTA and NEW YORK, USA — 6th June, 2019 — Elrond, the technology company developing a scalable and more efficient blockchain platform, is proud to announce a cooperation with TypingDNA, an innovative provider of typing biometrics solutions.
TypingDNA is a behavioral biometrics company, protecting online users based on how they type on their keyboards. The company’s products are successfully used by financial institutions as well as clients from other industries such as security companies and identity access management (IAM) providers.
Elrond and TypingDNA, aim to jointly explore the integration of TypingDNA biometrics solutions into the Elrond platform and future products in order to improve security and remove the friction plaguing many blockchain platforms right now. Furthermore, Elrond and TypingDNA are also expressing their interest in exploring other, but not limited to, potential use cases, related to blockchain technologies, identity, security and privacy.
Declarations:
“We aim to partner with innovative providers and offer our versatile solution to players across various industries. The latest advancements accomplished in the blockchain technology development requires a diversified and innovative approach to secure users. The partnership with Elrond highlights the need for frictionless user experience and avant-garde security benchmarks”, said Raul Popa, CEO of TypingDNA.
“Elrond is leading the wave of highly-scalable, efficient blockchain architectures, and the partnership with TypingDNA, through biometrics technology, like proprietary typing pattern recognition and anomaly detection, can bring significant value to the Elrond ecosystem, removing friction and, at the same time, increasing the security and trust Elrond provides to its users and businesses.” says Beniamin Mincu, CEO of Elrond.
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput, executions speed and transaction cost. To achieve this Elrond introduces a novel Adaptive State Sharding mechanism, enabling linear scalability, and Proof of Stake (PoS), a novel and more efficient consensus mechanism proposed as an alternative to the intensive energy and computational use in Proof of Work consensus mechanisms.
About TypingDNA
TypingDNA (a Techstars-backed company) is a behavioral biometrics SaaS company that authenticates users based on how they type on their keyboards. The company’s AI-based technology makes it easier to prevent fraudulent activity such as identity theft through typing biometrics authentication. Organizations around the world use the company’s innovative typing biometrics technology to improve online security through passive and frictionless authentication.
Try a quick online demo typingdna. com/#demo
For more information,
medium. com/elrondnetwork/elrond-initiates-cooperation-with-typingdna-a-leading-provider-of-typing-biometrics-solutions-78813eeb42a6
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Elrond Initiates Cooperation With TypingDNA — a leading provider of typing biometrics solutions
(https://cdn-images-1.medium.com/max/720/1*7v7m1V0mcb_lRGoDL3Ac0Q.jpeg)
St. JULIANS, MALTA and NEW YORK, USA — 6th June, 2019 — Elrond, the technology company developing a scalable and more efficient blockchain platform, is proud to announce a cooperation with TypingDNA, an innovative provider of typing biometrics solutions.
TypingDNA is a behavioral biometrics company, protecting online users based on how they type on their keyboards. The company’s products are successfully used by financial institutions as well as clients from other industries such as security companies and identity access management (IAM) providers.
Elrond and TypingDNA, aim to jointly explore the integration of TypingDNA biometrics solutions into the Elrond platform and future products in order to improve security and remove the friction plaguing many blockchain platforms right now. Furthermore, Elrond and TypingDNA are also expressing their interest in exploring other, but not limited to, potential use cases, related to blockchain technologies, identity, security and privacy.
Declarations:
“We aim to partner with innovative providers and offer our versatile solution to players across various industries. The latest advancements accomplished in the blockchain technology development requires a diversified and innovative approach to secure users. The partnership with Elrond highlights the need for frictionless user experience and avant-garde security benchmarks”, said Raul Popa, CEO of TypingDNA.
“Elrond is leading the wave of highly-scalable, efficient blockchain architectures, and the partnership with TypingDNA, through biometrics technology, like proprietary typing pattern recognition and anomaly detection, can bring significant value to the Elrond ecosystem, removing friction and, at the same time, increasing the security and trust Elrond provides to its users and businesses.” says Beniamin Mincu, CEO of Elrond.
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput, executions speed and transaction cost. To achieve this Elrond introduces a novel Adaptive State Sharding mechanism, enabling linear scalability, and Proof of Stake (PoS), a novel and more efficient consensus mechanism proposed as an alternative to the intensive energy and computational use in Proof of Work consensus mechanisms.
About TypingDNA
TypingDNA (a Techstars-backed company) is a behavioral biometrics SaaS company that authenticates users based on how they type on their keyboards. The company’s AI-based technology makes it easier to prevent fraudulent activity such as identity theft through typing biometrics authentication. Organizations around the world use the company’s innovative typing biometrics technology to improve online security through passive and frictionless authentication.
Try a quick online demo typingdna. com/#demo
medium. com/elrondnetwork/elrond-initiates-cooperation-with-typingdna-a-leading-provider-of-typing-biometrics-solutions-78813eeb42a6
website: elrond. com
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Elrond Initiates Cooperation With SmartBill — a leading software-as-a-service provider for invoicing, inventory management and accounting
(https://cdn-images-1.medium.com/max/720/1*49szy8zGWkT8gGciWWQOTQ.jpeg)
www. smartbill.ro
St. Julian's, Malta and Bucharest & Sibiu, RO — 6h June, 2019 — Elrond, the technology company developing a scalable and more efficient blockchain platform, is proud to announce a cooperation agreement with SmartBill — a leading software-as-a-service provider for invoicing, inventory management and accounting.
SmartBill is an established FinTech company providing SaaS-based services to small, and medium-sized businesses for invoicing, accounting and inventory management. Its invoicing and accounting SaaS platform is counting more than 60 000 clients, 2 Million invoices issued each month with a total value exceeding $350 Million each month.
Elrond and SmartBill, aim to jointly explore the potential integration of the two platforms to provide to their users and clients blockchain based features, like trust, transparency or traceability.
Furthermore, Elrond and Smartbill are also expressing their interest in exploring other, but not limited to, potential use cases, related to blockchain technologies like inventory and supply chain tracking capabilities, and alternative payment solutions.
Declarations:
“We are very enthusiastic and driven by the desire to offer the most intuitive invoicing and accounting products to our clients.” says Radu Hasan, CEO of Smartbill. “We truly believe we can take things to a whole new level and offer new features and options that were not possible until blockchain technology was born. We believe through this partnership with Elrond we can achieve that.”
“Elrond brings a radical improvement to the blockchain space, adding the much needed performance for real world usage. We believe small and mid-sized businesses will soon be able to integrate Elrond’s technology and reap the benefits of increased transparency, minimized costs and built-in trust between different parties and companies. We are happy to have Smartbill as partners.” says Beniamin Mincu, CEO of Elrond.
About SmartBill
Founded in 2007, SmartBill is an established FinTech company that offers billing solutions and SaaS-based services. It also provides small and medium-sized businesses with invoicing and inventory management software. It offers Smart Bill Cloud, an online billing program which can be accessed from anywhere, from any internet-connected device.
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput, execution speed and transaction cost. To achieve this Elrond introduces a novel Adaptive State Sharding mechanism, enabling linear scalability, and Proof of Stake (PoS), a novel and more efficient consensus mechanism proposed as an alternative to the intensive energy and computational use in Proof of Work consensus mechanisms.
Official website: elrond. com
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1/ Short summary on the fantastic progress made by @ElrondNetwork this week ⚡️👇
Last weeks have seemed like months in effort & results.
We've got a team of superheroes pushing hard to make Elrond a reality.
Community took a cool photo of the team after the testnet launch.
(https://pbs.twimg.com/media/D8fap7hWwAARc2j?format=jpg&name=medium)
2/ Huge progress on the testnet; many new improvements, fixes and optimizations
Exceeded 12.5k TPS with only 5 shards and 126 nodes; lots of improvements in stability
Adaptive state sharding & Secure proof of stake come with radical improvements in performance
3/ Huge milestone with the Elrond VM - we've finally run the first smart contract in solidity through IELE!
First integration part of the VM is almost done, will probably be up and running over the weekend
4/ Significant improvements to the blockchain explorer
Started with a bear minimum we needed, but kept pushing until we reached the current version
Don't want to brag too much, but this looks sexier than 99% explorers in the space, and it just launched (link: http://testnet.elrond.com) testnet.elrond.com
(https://pbs.twimg.com/media/D8fdBgwW4AAbpL-?format=jpg&name=small)
5/ Huge effort put to have the first version of wallet done, so community can play & send transactions
Mentioned yesterday: backend + frontend have been done, but UX has been taking a bit longer
Currently: UX = ~50% done
Excited to share the version publicly once done
6/ Great progress on the communication side as well
a - Elrond testnet medium: (link: https://medium.com/elrondnetwork/elrond-zero-to-one-testnet-update-41a1b7cfd4b0)
b - Elrond in top EU startups: (link: https://www.eu-startups.com/2019/05/10-romanian-startups-to-look-out-for-in-2019-and-beyond/)
c - CryptoLark interview -
link:
d - OhHeyMatty AMA - Elrond AMA - Blockchain For Programmable Money Unstoppable Applications
7/ New collaborations coming out with meaningful partners
First in a new series to be announced is the one with TypingDNA - (link: https://medium.com/elrondnetwork/elrond-initiates-cooperation-with-typingdna-a-leading-provider-of-typing-biometrics-solutions-78813eeb42a6)
Great to start this closer collaboration with them
8/ Oh, and there's another thing - take a guess what this is...
(https://pbs.twimg.com/media/D8feHdSWwAIYN4h?format=jpg&name=small)
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Social Mining:https://community.elrond.com/
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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@ElrondNetwork Wallet is here
link: twitter. com/LucianMincu/status/1138545311855599616?s=20
Some final tests and we're good to go!
Countdown starts now!
Website: elrond. com
Twitter: twitter. com/elrondnetwork
Telegram: t. me/ElrondNetwork
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ELROND: We’ve just been featured in @Forbes . Read about the impact of sharding in enterprise blockchain adoption:
" Elrond has a live testnet for a model known as 'state sharding', combined with a secure PoS consensus "
https://www.forbes.com/sites/yoavvilner/2019/06/11/what-could-sharding-mean-for-enterprise-blockchain-adoption/#730c44832c75
(https://cdn-images-1.medium.com/max/720/1*OhKt4MbWbCZu9MkDsh4xlg.jpeg)
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
[/quote]
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SFBW18: Scalability: Decentralized or High Performance?
San Francisco Blockchain Week
Panelists: Bonnie Cheung (500 Startups), Beniamin Mincu (Elrond Network), Jack O'Holleran (SKALE Labs), Anatoly Yakovenko (Solana), Kevin Wang (Nervos)
San Francisco Blockchain Week: https://sfblockchainweek.io/
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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Elrond Blockchain Technical Project Review (2019)
by: OhHeyMatty
Long awaited Elrond Blockchain Technical Review
(https://elrond.com/static/img/elrond-explorer.png)
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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Protocol stats of the last week. Optimization and stabilization merges this week. Implemented restart of node from storage, it does in an instant. Plus, the first smart contract is running on our private testnet, formally verified, K-framework, IELE. @ElrondNetwork #blockchain
twitter. com/SasuRobert/status/1139946952001544197?s=20
(https://pbs.twimg.com/media/D9Hm5tUXkAAHllv?format=png&name=small)
Website: elrond. com/
Telegram: t. me/ElrondNetwork
Tele Ann: t. me/ElrondNetworkAnn
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Introducing Elrond:
A scalable value transfer protocol for the digital economy .
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.
Adaptive State Sharding – Elrond proposes a dynamically adaptive sharding mechanism that enables shard computation and reorganizing based on necessity and the number of active network nodes. The reassignment of nodes in the shards at the beginning of each epoch is progressive and nondeterministic, inducing no temporary liveness penalties. Adaptive state sharding comes with additional challenges compared to the static model. One of the key-points resides in how shard-splitting and shard-merging is done to prevent overall latency penalties.
(https://icodrops.com/wp-content/uploads/2018/05/5-Elrond-Team.001.jpeg)
Elrond is based on a highly scalable distributed ledger and as more and more nodes join the network there will be an increase in the overall output of the blockchain. There is a highly efficient team behind the Elrond network. The main idea is to improve the sharding process efficiency by introducing more regular clients into the network which will invariably reduce the overall cost with time.
The AI-based protocol will detect security issues quickly and efficiently. The network also ensures full privacy of its clients at all levels. Elrond is the first public blockchain network based on Secure Proof of Stake consensus mechanism that also ensures a secure and fair distribution of nodes in the system.
(https://icodrops.com/wp-content/uploads/2018/05/6-Elrond-Advisors.jpeg)
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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Elrond Secures $1.9 Million in Private Funding Round [Press Release]
https://medium.com/elrondnetwork/elrond-secures-1-9-million-in-private-funding-round-press-release-9d0cfe87a56c
“We are setting new standards for performance in the blockchain space,” says Beniamin Mincu, CEO of Elrond. “Everything changes for decentralized applications when you have a 3 orders of magnitude improvement in throughput and execution speed.”
(https://cdn-images-1.medium.com/max/2304/1*HTMMEJ0hM4_O1294DtTr8A.jpeg)
June 19th 2019 — Elrond — the sharding-based public blockchain network — has announced the closure of its private round investment, raising $1.9 million from Binance Labs, Electric Capital, NGC Partners, Maven 11, and Authorito Capital. The round also included contributions from angel investors in the UK, India, Israel, Asia, and the European Union.
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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New Elrond Medium Profile
(https://i.imgur.com/jwbydPO.png)
Check the new medium profile of Elrond!
medium. com/elrondnetwork
Pretty awesome! What do you guys think?
Website: elrond. com/
Telegram: t. me/ElrondNetwork
Tele Ann: t. me/ElrondNetworkAnn
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Build together — Get rewarded
https://medium.com/elrondnetwork/build-together-get-rewarded-c9aa196593b5
(https://miro.medium.com/max/1000/1*esPwXYXTQdfcahteHs7ZsQ.jpeg)
From the time Elrond has been announced as the next project doing an IEO through the Binance Launchpad, we have been hard at work connecting with communities around the globe, making our technology open source and advancing relentlessly on all fronts. In this extremely busy period all our efforts have been focused on the launchpad so we have decided to pause activity on the community platform.
- Now, our strategy is lining up and we are pleased to announce the re-opening of our community platform.
Community platform 101
The Elrond community platform is a great meritocratic tool through which community members around the globe have an opportunity to accelerate Elrond ecosystem growth and be rewarded for it. We are extremely happy to have reached this point together and we want to make sure we continue on this path.
All activities on the community platform are meant to help us with three complementary goals:
to raise awareness about the Elrond technology
to educate people about the Elrond ecosystem
to speed up development with the help of our community
If you are new to the Elrond community, now is your time to join us by registering on our community platform, connect your social media accounts, share articles and news or start helping our developer team by connecting your GitHub account. Your rewards and reputation will be proportional to your efforts.
Social Mining is a concept that helps engage new users, by using all types of social platforms, such as GitHub, Telegram, Twitter, Discord, LinkedIn and many more and leveraging game theory to incentives and create an organic community of skilled long term holders.
Rewards and reset
From the very beginning of the Elrond project, we have been privileged to have people helping us on all fronts. Rewarding those who contribute is key to our identity so we are pleased to announce that 260 community members are part of the first wave of rewards from the community platform. This is only the beginning and we are aware that there is so much more to do, thus working together will benefit everyone.
If you have been part of our journey and have contributed on the community platform please make sure (once you are notified by email) to:
go through the KYC process on the community platform
submit your BEP2 address in the google form which will be attached to the email
Keep in mind that the claiming period deadline is the 19th of July, and from now on every month there will be a reset and reward — so buckle up — things will intensify and the competition will be more fierce.
What’s next?
there will be monthly rewards
more inclusive campaigns
more competition
Website: https://elrond.com/
Telegram: https://t.me/ElrondNetwork
Tele Ann: https://t.me/ElrondNetworkAnn
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@ElrondNetwork Beside the @binance
Listing and successfully making the Binance Launchpad as one big milestone for Elrond ecosystem, we’ll try to wrap up a tech weekly summary. Read thread below
Elrond #BUIDLs
https://twitter.com/LucianMincu/status/1147831709112635392?s=20
(https://pbs.twimg.com/media/D-3q2h0W4AAMcLI?format=jpg&name=small)
+ Besides the SC and the dev community growth, first 4 issues have been opened on our public (link: http://github.com/elrondnetwork/elrond-go) repository. Another really important milestone marked this week, accelerating the elrond dev growth.
+ Prometheus being implemented on elrond-go, and here’s what you’ll be able to do with it:
-> you can monitor nodes based on various Go metrics (number of go routines, stack usage, garbage collector stats and so on)
(https://pbs.twimg.com/media/D-3q3nAW4AEKXc5?format=jpg&name=large)
Website: https://elrond.com/
Telegram: https://t.me/ElrondNetwork
Tele Ann: https://t.me/ElrondNetworkAnn
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#Binance's 2nd Anniversary - BNB and Launchpad Project Promotions!
2019/07/13 0:00 AM to 2019/07/20 0:00 AM (UTC).
Trade ERD to share a 25,000,000 ERD prize pool!
This first promotion will start with a total of 30,000 $BNB, together with 25,000,000 $ERD tokens to give away!
https://www.binance.com/en/support/articles/360030909651
(https://pbs.twimg.com/media/D_RQJEDUcAEvDzV?format=jpg&name=small)
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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Time for rewards! : 260 members will receive 4,500,000 ERD
https://twitter.com/LucianMincu/status/1149647749815521281?s=20
+ 260 members will receive 4,500,000 ERD
This is our way of thanking you for your relentless effort
Our relentless community has been working to get Elrond where it is now, and in return we increase the community rewards by 3x.
(https://pbs.twimg.com/media/D_ReY6-UwAA4JUm?format=jpg&name=small)
Website: https://elrond.com/
Telegram: https://t.me/ElrondNetwork
Tele Ann: https://t.me/ElrondNetworkAnn
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i love this project form the first instance. it is unique and has a bright and long term future. i have been following it for long and i so much believed that it will succeed.
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ROADMAP 2017-2019 - Building the future one step at a time.
(https://elrond.com/static/img/[email protected])
Q:What is Elrond?
A: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 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.
Q:How does Elrond plan to solve the scalability issue?
A:In Elrond the throughput increases linearly with the number of shards in the network.
Sharding is a scaling technique inspired by traditional concepts of database optimization. Also known as horizontal partitioning, sharding divides the data into several pieces placed on different environments to be processed.
The more validators and shards, the more transactions the network can process. Elrond is performing all network services with minimal energy and computational requirements.
Q:What is Adaptive State Sharding?
A:Sharding is a scaling technique inspired by traditional concepts of database optimization. Also known as horizontal partitioning, sharding divides the data into several pieces placed on different environments to be processed.
In a blockchain context, breaking the network into shards would result in more transactions being processed, verified and validated simultaneously. Each sharding level introduces a certain degree of parallelism, as a result, it becomes possible to process more transactions as the network grows. Implementing any sharding type on a blockchain architecture is extremely difficult.
We can identify 3 sharding types (levels):
1. Network Sharding represents the process of grouping the nodes into shards.
2. Transaction Sharding takes the complexity to the next level and deals with the distribution of transactions across different shards, but all the nodes keep the entire blockchain into their state.
3. State sharding represents the most sophisticated part and is described as a mechanism that allows different shards to deal only with a portion of the state without replicating the data between nodes from different shards. A state sharded blockchain can be seen as a network of fully interconnected blockchains.
In order to match the current scalability needs, Elrond introduces a novel state sharding scheme, called Adaptive State Sharding, with a dynamic model that allows the network to adapt to population and demand changes without compromising security, availability and decentralization.
Q:What is SPoS?
A:In general, Proof of Stake (PoS) concept states that a node’s probability to validate block transactions is proportional to how many tokens it is staking.
Secure Proof of Stake consensus mechanism expands on Algorand’s idea of a random selection mechanism for the validators, differentiating itself through the following aspects:
• Elrond proposes an improvement which reduces the 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. In contrast to Algorand’s approach, where the random committee selection can take up to 12 sec, in Elrond the time necessary for random selection of the consensus group is considerably reduced (estimated under 100 ms).
• In addition, Elrond refines its consensus mechanism by adding a additional weight factor called rating. The node’s probability to be selected in the consensus group takes into consideration both stake and rating, promoting meritocracy.
• Elrond uses Bellare and Neven multisignature scheme, which eliminates one communication round in the signing algorithm.
Q:How is Elrond different from other blockchains?
A:• Compared to Ethereum, Elrond eliminates both energy and computational waste from PoW algorithms by implementing a SPoS consensus while using transaction processing parallelism through sharding.
• Compared to Algorand, Elrond doesn’t have a single blockchain, instead it increases transaction’s throughput using sharding. Elrond also improves on Algorand’s idea of random selection by reducing the selection time of the consensus group from max 12 seconds to less than a second, but assumes that the adversaries cannot adapt within a round.
• Compared to Zilliqa, Elrond pushes the limits of sharding by using not only transaction sharding but also state sharding. Elrond completely eliminates the PoW mechanism and uses SPoS for consensus. Both architectures are building their own smart contract engine, but Elrond aims for EVM compliance to to achieve interoperability between blockchains..
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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Elrond Initiates Cooperation With Runtime Verification — A Research and Development Company Specializing in Formal Methods
(https://miro.medium.com/max/900/0*cL_T8n0M7Bg1E0o8.jpeg)
https://runtimeverification.com/
14th of July, 2019 — Elrond — the sharding-based public blockchain network is proud to announce a cooperation agreement with Runtime Verification for research and development in core areas of formal verification methods.
Elrond is using the K Framework, developed by Grigore Rosu while at NASA and the University of Illinois at Urbana Champaign, as the backbone for all of its smart contract languages. Grigore has continued development of K Framework with his team at Runtime Verification which specializes in formal methods. Building on this, Elrond has developed an in-house GO backend to integrate the IELE VM, which is designed by the Runtime Verification team, and constructed entirely on the K Framework. Elrond is also working to integrate KEVM and WASM in a similar fashion. Having the VMs built using the K Framework gives Elrond access to powerful formal verification tools.
The Elrond research and #DevelopmentTeam will work closely with Runtime Verification to further develop the K framework and its capability to generate correct-by-construction Virtual Machines for the blockchain. Through the research and development initiative between Elrond and Runtime Verification we aim to take smart contracts to the next level, and to make the GO backend developed by Elrond for the K framework, open source and available to the wide public.
Other Runtime Verification contributors or supporters include Ethereum, Algorand, IOHK, Casper, Maker DAO, Gnosis, Toyota and others.
(https://miro.medium.com/max/900/1*RTqsQU0tFuDlV2lI5d2ghA.png)
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.
About Runtime Verification
Founded by Professor Grigore Rosu, Runtime Verification provides cutting-edge technology to design safe and secure systems and languages based on mathematically-grounded principles. Its technology not only detects the rarest, trickiest and most costly bugs lurking in existing codebases or specifications, but also stimulates the design and development of better programming and specification languages, where such costly bugs cannot exist by design or can be detected cheaply.
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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Elrond has no bounty, no airdrop, but Elrond has a Social Mining program.
What is Social Mining?
Social Mining is a concept that helps engage new users, by using all types of social platforms, such as GitHub, Telegram, Twitter, Discord, LinkedIn and many more and leveraging game theory to incentives and create an organic community of skilled long term holders.
How to get started?
To get started you will have to first register with a new account at https://community.elrond.com/
Setting up your account
(https://i.imgur.com/BwblOQb.png)
Your all set up and ready to earn some tokens! To get you started you can follow the on-board tutorial and connect some of your social media accounts to the platform. To help you get started you can connect your Telegram or twitter on the home page.
Connect your accounts and get verified
(https://i.imgur.com/beCZUKJ.png)
To start to become a community member of a crypto currency ecosystem you will have to select a role from the profile section on the platform. To get started click on the profile icon on the top right corner next to the notification bell.
If you have a Reddit or twitter account you can connect those two in the profile section, its important that you select a profile image. If you already have a telegram account we would recommend that you use the same images as the one you have on telegram.
Adding a wallet
(https://i.imgur.com/hKyfzdl.png)
Make sure that you add a wallet to which you own the private key to. Do not try to attempt to add a wallet that you do not own.
First you will need to verify that you own the key to the wallet and secondly all rewards will sent to the wallet that you have entered into the system.
KYC/AML Verification
Go through the KYC process on the community platform
You don’t need to complete the KYC process unless you are one of the 260 winners
(https://i.imgur.com/wxGaNkw.png)
ELROND's Community platform 101:
The Elrond community platform is a great meritocratic tool through which community members around the globe have an opportunity to accelerate Elrond ecosystem growth and be rewarded for it. We are extremely happy to have reached this point together and we want to make sure we continue on this path.
All activities on the community platform are meant to help us with three complementary goals:
+ to raise awareness about the Elrond technology
+ to educate people about the Elrond ecosystem
+ to speed up development with the help of our community
If you are new to the Elrond community, now is your time to join us by registering on our community platform, connect your social media accounts, share articles and news or start helping our developer team by connecting your GitHub account. Your rewards and reputation will be proportional to your efforts.
(https://miro.medium.com/max/900/1*9tc1GnXvNs70osF3aDAhkw.jpeg)
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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Time for some community.elrond.com stats
+ 7,860 users - 228 users joined today
+ 82 contents submitted today
+ 34 articles submitted today
+ 11 translations
NEW campaigns: Elrond- explainer : video_camera: video campaign
https://twitter.com/iamdanvoicu/status/1151192836227960833?s=20
Since we opened the community platform we had many campaigns that were both fun and very informative. We want to continue on the same path and provide our community the opportunity to come up with new interesting ways to present Elrond, and to #ERDucate others.
For this campaign we would like to see submissions of Elrond explainer videos. Top videos will be rewarded mainly on accuracy, creativity and overall positive feel about Elrond.
Remember an explainer video should be simple, straight to the point, visually pleasant and rather short. If your grandmother would ask what is Elrond - this is the kind of stuff you’d send her.
(https://pbs.twimg.com/media/D_na6MRXkAACNJ1?format=jpg&name=small)
Guidelines:
Length - min 1:30 - max 4:00
Use voice or subtitles
Graphics
Soundtracks
Answer these questions in the video
What is Elrond?
What possible problems might it solve?
What are the Elrond tech benefits?
What use cases does it fit?
MUST contain the 3 key components
[1] Adaptive State Sharding,
[2] Secure Proof of Stake,
[3] Meta VM
Resources
One Pager https://elrond.com/files/Elrond_Onepager_EN.jpg
Elrond GitBook docs.elrond.com
Elrond Website https://www.elrond.com technology page + FAQs
Previous campaign resources http://No link shortners - please include original link/elrond-resources-campaign7
Rewards
:[rank 1] - 4.0 rep + 4000 points
:[rank 2] - 3.0 rep + 4000 points
:[rank 3] - 2.0 rep + 2000 points
:[4 - 5 - 6 - 7 - 8 - 9 -10] 1.0 rep +1000 points
Once you finish it - upload it on the community platform and tweet it with the tag #ERDucation
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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Elrond Network Review:
https://www.endofthechain.com/elrond-network-review/
Writer: Samuel McCulloch
(https://pbs.twimg.com/card_img/1150834676266930177/Tj3vue_j?format=jpg&name=small)
The vision of Elrond is to build a decentralized network that is both linearly scalable and requires minimal energy and computational requirements. It’s only now that networks such as Elrond are being designed for this purpose. As money and value transfer transitions to DLT networks, scalability and performance will be the key features for large scale clients. Elrond meets these demands with adaptive state sharding and Secure Proof of Stake (SPOS) consensus method.
Website: https://elrond.com/
Telegram: https://t.me/ElrondNetwork
Tele Ann: https://t.me/ElrondNetworkAnn
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ElrondNetwork announces its integration of Chainlink oracles into their blockchain!
(https://miro.medium.com/max/900/1*4OecHsLwfxxUVD1KY4Nl3A.jpeg)
https://chain.link/
18th July, 2019 — Elrond — the leading sharding-based public blockchain network is proud to announce its integration of Chainlink, the leading oracle service provider.
The Chainlink network provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain. Chainlink’s decentralized oracle network offers the same security guarantees as smart contracts themselves. By allowing multiple Chainlinks to evaluate the same data before it becomes a trigger, Chainlink eliminates any one point of failure, and maintains the overall value of a smart contract that is highly secure, reliable, and trustworthy.
Elrond is the first blockchain architecture to integrate smart contracts on a state sharded architecture through an asynchronous and secure scheme. This means any user can call any smart contract, independent of which shard the smart contract and the users account resides. Furthermore, there is no need for atomic locking, yanking or close synchronisation between different shards.
Adding on this, Elrond aims to integrate Chainlink in order to amplify the utility and functionality of its smart contracts by enabling them to securely interact with real-world data feeds. By providing developers with more flexible and sophisticated tools to build on, we aim to take smart contracts to the next level, and transform them into the defacto choice of digital contracts.
Beniamin Mincu — “Through Elrond we have built a highly scalable, secure and efficient blockchain architecture which brings a 1000x improvement in throughput and execution speed. In addition to this, we have also built a new Meta VM providing both security and flexibility to our smart contract developers. By integrating Chainlink, we extend this vision, enabling developers to access real-world data securely and efficiently.”
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.
(https://pbs.twimg.com/media/D_bHHBVXsAEKcv0?format=jpg&name=small)
Elrond can process and respond with low latency even if there are thousands of applications running on the protocol. Through state-of-the-art optimization techniques, the load is balanced on the shards, and multiple SCs are running on parallel. Further improving horizontal scalability.
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. For more information, visit: https://elrond.com
About Chainlink:
Chainlink enables smart contracts to reach their full potential. Smart contracts need to interface with the data feeds, events and widely accepted payment methods that centralized digital agreements already rely on to provide value. By providing the building blocks needed by complex smart contracts in the form of critical inputs and key outputs, Chainlink enables the next generation of smart contracts, which will step beyond tokenization, to become the dominant form of digital agreement.
Learn more by visiting the Chainlink website, Twitter or Telegram. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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ELRON - whitepaper only a onepager.
For those who did not have time to read the full whitepaper - ERD have prepared a onepager!
(https://elrond.com/files/Elrond_Onepager_EN.jpg)
Elrond’s official outlets:
Elrond Community Platform: https://community.elrond.com
Twitter: https://twitter.com/elrondnetwork
Official website: www.elrond.com
Elrond Github: https://github.com/ElrondNetwork
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Q&A: Beniamin Mincu's AMA session in the #Binance English Telegram group (July 26th)
https://www.reddit.com/r/elrondnetwork/comments/cimndn/qa_beniamin_mincus_ama_session_in_the_binance/
(https://pbs.twimg.com/media/EAK2AkUU0AEW2a5?format=jpg&name=small)
In case you've missed it, here's the transcript of the answers given by Beniamin Mincu, CEO of Elrond, during the AMA session held on Binance's Telegram channel
shivam kr, [26.07.19 19:08]
As we know there is already plenty of high-throughput blockchain project nowadays like QuarkChain, Zilliqa, Algorand and much more. How do you plan to compete with them and what is a competitive advantage of Elrond? What unique has Elrond beside its competitors?
Beniamin Mincu | Elrond, [26.07.19 19:10]
Here's a comparrison: https://docs.elrond.com/#how-is-elrond-different
cat cat, [26.07.19 19:09]
1/ Is there a particular reason for choosing Binance's Launchpad program among the many exchanges?
2/ How does Secure PoS differ from existing PoS? For example, projects like QTUM and Algorand.
3/ Is Elrond VM compatible with Ethereum VM? Will many developers switch to the Elrond platform? What do you think?
4/ Elrond chose BEP2 from Binance Chain prior to the mainnet. Is there a particular reason why you chose the Binance Chain instead of starting from ERC20 or other platforms? Maybe any plan to support ERC20 for liquidity?
5/ Currently, many projects such as ETH, EOS, TRX, and IOST are competing in the dAPP market, and I wonder how Elrond will make a marketing strategy in this war.
+ Beniamin Mincu | Elrond, [26.07.19 19:14]
1/ Binance is the largest and fastest growing exchange in the world - perfect place to launch Elrond on.
2/ Please check docs.elrond.com
3/ Elrond VM is compatible with EVM.
Fineally, [26.07.19 19:09]
Many projects died after ICO during bear market/not going as per the plan that were promised during ICO.
How would ELROND overcome these after IEO and be one of the successful project?
What are the benefits of using Elrond's platform for creating dAPPS & smart contracts? and What languages will be supported for developers to build dAPPS on Elrond?
Beniamin Mincu | Elrond, [26.07.19 19:15]
Benefits of using Elrond platform: fantastic performance, felixble tools, negligible costs and significant community audience.
Renars Derrings, [26.07.19 19:09]
What would be evaluation of Elrond progress in terms of % for mainnet release, EVM?
Beniamin Mincu | Elrond, [26.07.19 19:17]
I would say >70%. Lots of work right now is adding further implementation and doing stress testing with real world settings.
Trader, [26.07.19 19:17]
I know ELROND is POS but are there any plans for token burn for any reason?
Beniamin Mincu | Elrond, [26.07.19 19:18]
There is a possiblity, but perhaps at a later stage.
The most important thing for Elrond is staking. Once staking starts, it's better then token burn, because tokens are locked out of circulations and you also receive rewards for staking.
king of crypto, [26.07.19 19:17]
Your whitepaper potrays the differences between Elrond and other blockchains and Elrond seems to have more advantages. Technology will always get better over time and eventually someone will come up with something better than Elrond. How is Elrond going to face this challenge? @beniaminmincu
Beniamin Mincu | Elrond, [26.07.19 19:19]
Real business adoption will be the differentiator.
Right now we have the testnet working, great focus on business onboarding.
Jatin Kalra, [26.07.19 19:17]
Where do you think ELROND can bring the most change in real world scenarios?
Beniamin Mincu | Elrond, [26.07.19 19:21]
Internet payments, machine to machine transactions and gaming. These are the verticals we are focusing on.
Shin Chan, [26.07.19 19:17]
a. Whom do you think the competitors for Elrond Network in block chain industry?
b. How is Elrond different from other blockchains that uses sharding like Eth, Zil?
c. Why Elrond chose POS over SPOS(Secure Proof of Stake)?
d. How scalability issue is handled in Elrond?
e. How is cross shard communication is handled in Elrond?
f. What is Elrond Network focus on mass adoption and what would be the upcoming greatest challenge for Elrond Network?
g. How Elrond solve the single-shard takeover attack in an uncoordinated majority model?
Beniamin Mincu | Elrond, [26.07.19 19:22]
Great difference is in tech, performance, and execution. Elrond is running the testnet right now.
Please check docs.elrond.com for the precise difference.
Dixit, [26.07.19 19:17]
How many TPS did you reach so far? And what is the aim?
Beniamin Mincu | Elrond, [26.07.19 19:23]
We can process >10k TPS constantly, and have exceeded 65k TPS with 20 shards in the last test simualtion.
Dixit, [26.07.19 19:17]
It seems Elrond targets the European market. Is it true? Will you promote Elrond in Asia, America? We know that some Asian countries like S. Korea among the best place for crypto community growing.
Beniamin Mincu | Elrond, [26.07.19 19:24]
Yes, Asia is our specific target for the next month. We have just returned form Korea after a very productive week.
Maruha, [26.07.19 19:24]
What are the advantages of Elrond Network compared to ETH?
Beniamin Mincu | Elrond, [26.07.19 19:25]
1000x performance improvement with 10k TPS and 5 sec latency
Dixit, [26.07.19 19:25]
Why do you chose Elrond, a character from LotR, as the name of your project?
Beniamin Mincu | Elrond, [26.07.19 19:27]
Elrond is an aim we take for the team and project. He was immortal, very powerful and still bent on doing good. These are great aims for our project.
Benz Barcelona, [26.07.19 19:25]
WHAT ELROND PLAN FOR THE COMMUNITY?
Beniamin Mincu | Elrond, [26.07.19 19:28]
Join our telegram, and make sure you join social mining. Lots of competitions and engagement!
JDSlondon, [26.07.19 19:25]
What are the competitive advantages of ERD over its competitor?
Beniamin Mincu | Elrond, [26.07.19 19:28]
Really high scalability, and fast execution. All this up and running right now on our testnet.elrond.com
Andrew G, [26.07.19 19:25]
Will it be possible to make ICO on the Elrond Blockchain, @beniaminmincu
Beniamin Mincu | Elrond, [26.07.19 19:29]
Yes, we will hopefully soon have some projects preparing to build on Elrond. Lots of excitement around these.
Mickael, [26.07.19 19:25]
What are the most companies that you think will adopt your technology ?(in the near future )
Is there any staking program with BNB Rewards ??!
Beniamin Mincu | Elrond, [26.07.19 19:30]
We are focusing on large companies from tech infrastructure with verticals on internet payments, IoT and Gaming.
Trader, [26.07.19 19:25]
What do you think is the biggest problem Elrond network will solve and why is the problem important to solve?
Beniamin Mincu | Elrond, [26.07.19 19:31]
Problems of high scalability and fast transactions execution.
Fineally, [26.07.19 19:25]
I know that your team is 16 people. Is it enough for ambitious blockchain project ? Do you have plans for expanding?
Beniamin Mincu | Elrond, [26.07.19 19:32]
Always expanding and looking for more great people to join.
Website: https://elrond.com/
Telegram: https://t.me/ElrondNetwork
Tele Ann: https://t.me/ElrondNetworkAnn
Elrond Community: https://community.elrond.com