Elrond is a new blockchain architecture that will make blockchain accessible to the whole society.
At an early stage of development of blockchain technology, the emergence of the Ethereum platform played a significant role in the inflow of capital into this industry. People who have been in crypto for a long time will surely remember how important this platform was for the entire crypto community. It is still the second largest cryptocurrency after bitcoin in terms of capitalization. But there are some nuances that make developers and programmers look for more advanced solutions. At the moment, Ethereum no longer meets the demand that is assigned to the blockchain.
First of all, developers are concerned about the problem of scaling. This is a stumbling block that many developers around the world are working on. The team that will be able to provide a fast and flexible blockchain platform capable of providing high-speed transactions will make a revolution in this industry. In order for technology to be actively used by people, in everyday life or in business, it is necessary to solve this problem with scaling, otherwise the technology will remain a dream that can not be realized. I didn’t accidentally make a backstory. The fact is that already now there is a team that claims to create such a platform and it is called Elrond. Most recently, a preliminary version of the Elrond product was tested and the tests showed very impressive results. At the peak, the transaction rate per second reached more than 9000 TPS. At the same time, not all trumps were presented by developers of Elrond. They continue to work to make their platform universal, and I believe that it will happen. Because the team and its leader deserve the best words of praise. Watch the video from may 28, which shows the process of testing the Elrond network. In this video you can watch all the members of the team. These are cool guys, and most importantly smart and creative.
All their actions set up potential investors to very positive thoughts. Unfortunately, I do not understand much in the technical part, so those who want to delve into the process of sharding and the SPoS consensus mechanism can find this information on the official website. But one thing is clear to me that Elrond is a new blockchain architecture that makes blockchain accessible to the whole society. This is the main thing that worries me as a layman and an ordinary person. Read the White paper, which details the concept of the project Elrond and do not forget to tell your friends about it. Join us, it will be interesting and exciting.
Elrond Announcements: https://t.me/ElrondNetworkAnn
Elrond Website: https://elrond.com
White paper: https://elrond.network/files/Elrond_Whitepaper_EN.pdf