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The Elrond coin and Elrond Network are built around the goal of providing a highly innovative performance protocol that combines high-level versatility with interoperability. Its main purpose is to increase the circulated network’s performance levels and compete with centralized networks on equal footing. For Elrond to achieve this, its technologies are designated by Adaptive State Sharding and a secure Proof-of-Stake consensus mechanism.
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What is Elrond (EGLD)?
While Elrond is still in the testing stage, its inventors envision it as the future foundation of a globally accessible digital economy. This will be accomplished by turning Elrond into a platform with a measurable value transfer protocol paired with simple deployment of decentralized apps on the New Economy Movement blockchain. The Elrond team encompasses an equal measure of professionals with technical and entrepreneurial backgrounds who have worked at Intel, Google, and Microsoft.
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About Elrond (EGLD)
Elrond is focused on efficiency; its developers hope to minimize energy and computational requirements for the use-of-network services. They are working to achieve this by implementing a secure proof-of-stake mechanism, which combines eligibility based on stake, ratings, randomized validator selection, and the optimization of consensus group sizes. They aim to offer linear scaling and near-instant transactions. Its Adaptive State Sharding should deliver a top rate throughput performance based on combining all three existing approaches to sharding: network & communication; transaction and processing; and finally state and storage. By combining decentralization with cross-chain interoperability the Elrond team aims to deliver a platform that minimizes the risk of exploiting a single point of failure.
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