Elrondnetwork - Permissionless technology built to scale

After the discovery of Blockchain technology, significant changes have taken place in the financial field; companies started to look for opportunities for global mass funding by creating projects.

The Elrond network is a decentralized building and a blockchain project. The core is at the forefront of changes in the infrastructure of the Internet; It is designed to make 1,000 times more improvements with its central scalable structure. It introduces a new adaptive state partition mechanism that provides linear scalability when joining a network. It works as a scalable network and value transfer protocol in digital economies at high processing speeds. The fees are negligible minimum.

Elrond Network Var We have a big team that specializes in their fields. In the past, they worked in large IT companies such as Intel, Google and Microsoft. Among them there are 3 engineers who are the Olympic champion of Mathematics, researchers who have a PhD in Informatics and blockchain technology experts. A group of intelligent men who devote themselves to the development of Blockchain technology. They're writing a whole new network from scratch. Tests of Elrond Network have revealed that it works 1000 times more efficiently than similar networks. If you are interested in software, you can join Elrond Github. Elrond Network now works as open source. Open source means you can join the adventure and become one of the developers of Elrond Network.

Elrond is a rethinking of the public block chain infrastructure specifically designed to be safe, efficient, scalable and interoperable. divide into multiple parts; 2) Safe Procurement Proof consensus mechanism: An improved Proof of Proof (PoS) variation that provides long-term security and distributed justice while eliminating the need for energy-intensive PoW algorithms.

PoW costs a lot of energy. Over time PoW emerged as an alternative revolutionary PoS. The Elrond network offers you a secure betting proof (SPoS) consensus mechanism. (Secure Proof of Stake (SPoS) consensus mechanism). All this is historical. Blockchain history is being rewritten in this project. In the future, we will tell our friends about Elrond Network and how we write these articles.

Proof of purchase (PoS) is a consensus mechanism developed as an alternative to intensive energy use and computational use in proof of working agreements. Unlike procurement evidence, Elrond's approach is made by combining random confirmatory selection, risk and compliance selection in the optimal size for the coincidence group.

• Security is ensured by multiple signatures. It means that each node handles only part of the block with other parallel nodes. As long as there are enough nodes to validate each process, the system has high reliability and maintains security.
  It adds pre-loading time to the fragmented nodes, and the pruning mechanism reduces this time in small amounts.

• Each turn selects a new set of validators using the signature of the last processed block and the appropriate nodes in the current series. Based on the signature of the last block, if the network is not synchronized, a different block alternating with round r has a recovery mechanism in which the tenderer is selected. Prevents bifurcation and provides synchronization in the previous block; thus minimizing attack vectors.

• The unanimity of the node affects the chances of being part of the consensus group. If the block is processed into the block chain, the grade increases if it is verifiable honestly. Otherwise it will fall. It improves the quality of network services and ensures that their functions are as intended.

• If there is a large amount of particles between the nodes distributed to the sister parts, the joining process of the targeted parts is initiated immediately.

Cross-chain operability can be implemented using an Elrond virtual machine-level adapter mechanism. Requires special adapters for every chain that does not have EMV compatibility and wants to work with Elrond. It will hide the underlying architecture that isolates smart contract developers to provide a suitable layer of abstraction.

Elrond Network Features

Elrond, Network, will rethink the public block chain architecture, solve scalability through adaptive state-sharing, provide efficiency with a proof of safe evidence, and ensure EVM compliance with the design. Elrond Network is trying to achieve 10,000 TPS, low latency and 1000 times more improvements than the current status quo.

The idea of ​​decentralization and the interoperability of the original block chain is very close to each other. Currently, most interconnection and interoperability between different blockages are achieved through exchanges and third-party trading platforms. This defeats the purpose of blocking chains that they do not have third parties, and at the same time disrupt the way that transactions can be handled smoothly and securely. According to all other blocks, there is no protokol protocol to manage them all ancak, but Elrond's approach will narrow the gap between the most important blockages.

In the first step, Ethereum Virtual Machine compatibility is targeted: Elrond Network, the ability to make smart contracts written for Ethereum with little or no changes to the Virtual Machine. The implementation of our VM provides an appropriate layer of abstraction, hiding the underlying architecture that isolates developers of smart contracts from within the system.

In the second step, we aim for interoperability with Ethereum: it is intended to exchange Ethereum and Elrond seamlessly without a trusted third party. As we all know, Ethereum can use smart contracts on network nodes to process or exchange value without any external human or team intervention. In this way, transactions between Elrond, Ethereum and ERC20 markers can be processed securely without a central stock exchange that the user must have. It does not hold the user's private key, and perhaps undergoes the KYC process, where anonymity is lost. Elrond network, which also addresses integration problems with other blockchain networks.

Road map

One of the features that make the Elrond Project more valuable than many projects is that the team locks the tokens by 2020 and does not have the right to transfer 3.5 years. This first shows the team's belief in the project. I add a few sentences from Elrond's own statement. I really appreciate it.

• Team: 3.5-year winning period lasting up to 19.00 - 2020 years: 10 - 6 months after IEO, 10 - 12% from IEO, 15 - 18, 24, 30 and 36 months from IEO , 20 - 42 months after IEO. To demonstrate our commitment, the team agreed to postpone the unlocking team tokens until 6 months before the IEO and increased the earnings to 3.5 years.

More information on the project Elrond Network please visit their website listed below:

 WEBSITE: https://elrond.com/
 WHITEPAPER: https://www.elrond.network/files/Elrond_Whitepaper_EN.pdf
 ANN: https://t.me/ElrondNetworkAnn
 TELEGRAM: https://t.me/ElrondNetwork
 TWITTER: https://twitter.com/ElrondNetwork
 FACEBOOK: https://facebook.com/ElrondNetwork
 MEDIUM: https://medium.com/elrondnetwork

Author

• Bitcointalk username: David12jay
• Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2168034
• Telegram username: @cryptocat15
• My Wallet: bnb1mvpaua2e3k5anusjamz2s2y300hwp8aepxylr3