Elrond Network (ELR)
Elrond Network is the blockchain platform implementing adaptive state sharding and secure proof of stake.
Elrond is a solution that implements Adaptive State Sharding as a novel method for scaling permissionless blockchains.
Preliminary tests and simulations show that Elrond brings a three-orders-of-magnitude or 1000x improvement in throughput and processing capacity compared to Bitcoin or Ethereum, effectively out-scaling Visa, as their number one centralized counterpart.
Elrond randomness source ensures an unpredictable consensus group selection, rendering any kind of collusion or bribery attacks useless. During each epoch, shards are randomly reorganized, adding a further security layer against takeover attack vectors. Publicly verifiable multi-signature seals the blocks, provides traceability and ensures an effective cryptographic layer.
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