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Author Topic: Elrond Network: This Computer Science Breakthrough Could Reshape the Digital Eco  (Read 2816 times)

sundance

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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


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
« Last Edit: June 07, 2019, 11:40:04 am by sundance »

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sundance

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Elrond Initiates Cooperation With TypingDNA — a leading provider of typing biometrics solutions


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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sundance

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Elrond Initiates Cooperation With TypingDNA — a leading provider of typing biometrics solutions


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

sundance

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Elrond Initiates Cooperation With SmartBill — a leading software-as-a-service provider for invoicing, inventory management and accounting

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

sundance

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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.



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



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...




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
« Last Edit: June 12, 2019, 10:46:03 am by sundance »

ntn80

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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
« Last Edit: June 13, 2019, 06:01:16 am by ntn80 »
newbie deactivated link:https://ELROND.com [nonactive]  -  The user-friendly blockchain for deploying programmable money and unstoppable applications

sundance

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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




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]

sundance

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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

sundance

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Elrond Blockchain Technical Project Review (2019)
by: OhHeyMatty


Long awaited Elrond Blockchain Technical Review







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

ntn80

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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




Website: elrond. com/
Telegram: t. me/ElrondNetwork
Tele Ann:   t. me/ElrondNetworkAnn
newbie deactivated link:https://ELROND.com [nonactive]  -  The user-friendly blockchain for deploying programmable money and unstoppable applications

sundance

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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.


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.




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

sundance

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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.”

image loading...

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



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
newbie deactivated link:https://ELROND.com [nonactive]  -  The user-friendly blockchain for deploying programmable money and unstoppable applications

 

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