Elrond Network - Value Transfer Protocol

Elrond is a novel architecture which goes beyond state-of-the-art by introducing a genuine State Sharding scheme for practical scalability, eliminating energy and computational waste while ensuring distributed fairness through a Secure Proof of Stake (SPoS) consensus mechanism. Having a strong focus on security, Elrond’s network is built to ensure resistance to known security problems like Sybil attack, Rogue-key attack, Nothing at Stake attack and others. In an ecosystem that strives for interconnectivity, Elrond’s solution for smart contracts offers an EVM compliant engine to ensure interoperability by design.

ICO Status

Status
Successful
Symbol
ERD
Start Date
2019-03-25
End Date
2019-05-06
Hard Cap
15,233,500 USD
Initial Price
0.0000 USD
Token Supply
20,000,000,000
ICO Website Owner of Elrond Network?
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Basics

PlatformEthereum
TypeERC20
AcceptingETH
Circulating Supply55%
KYCN/A
Restricted AreasN/A
HomepageWebsite URL
White PaperView/Download

About

Comparable in throughput as to centralized counterparts.

Our architecture goes beyond state of the art and can be seen as an augmentation of the existing models, improving the performance while focusing to achieve a better nash equilibrium state between security, scalability and decentralization.

Minimal energy and computational requirements.

Elrond eliminates the need for intensive PoW consensus algorithms and proposes a novel and more robust Secure Proof of Stake consensus, enhancing intra-shard communication and pruning the blockchain state to the most essential.

Increased security due to the randomly selected block proposer.

Elrond introduces an improvement which adds security and reduces 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.

Decentralizing cross-blockchain operations.

The Elrond Virtual Machine’s implementation will hide the underlying architecture isolating the smart contract developers from system internals ensuring a proper abstraction layer. In Elrond, cross chain interoperability can be implemented by using an adapter mechanism at the Virtual Machine level. This approach requires specialized adapters for each chain that is non EVM compatible and wants to operate with Elrond.

Team View All

Beniamin Mincu
Beniamin Mincu
CEO
Lucian Todea
Lucian Todea
COO
Lucian Mincu
Lucian Mincu
CIO
Felix Crisan
Felix Crisan
Head of Research
Radu Chis
Radu Chis
Head of Technology
Sebastian Marian
Sebastian Marian
Core Developer