Market Cap
24h Vol
3065
Cryptocurrencies
20919
Markets
Description

Description


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.

Full Name Elrond (ERD)
Start Date N/A
Algorithm N/A
Proof Type N/A
Website https://elrond.com/
Twitter @ElrondNetwork
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