Elrond AMA recap for October 23

Main points
✅ We’re on track for the December mainnet launch
💯 Recently we had a lot of progress on tech, community and business
⚡️ From now on we have a laser focus on the mainnet launch
🆕 Introducing Elrond Personas: Validators, Developers, Beneficiaries


Summary and trannoscript - http://bit.ly/elrond-AMA-recap

🇺🇸 Here we come!

We are thrilled to be part of San Francisco Blockchain Week and discuss all things Elrond.

Read this thread to see what’s planned between the 28th of October and the 3rd of November 👇🏻💥

https://twitter.com/ElrondNetwork/status/1187744887959097345?s=20

Last week in summary

1️⃣ Live AMA - Elrond's progress, next milestones & implications - https://www.pscp.tv/w/1BRKjqRWDeVxw
2️⃣ Professional staking infrastructure integration with Dokia.capital - https://medium.com/elrondnetwork/elrond-validators-to-run-on-dokia-capital-professional-staking-infrastructure-adc99a74ad3e
3️⃣ Elrond AMA trannoscript & summary - http://bit.ly/elrond-AMA-recap
4️⃣ San Francisco Blockchain Week events thread -
https://twitter.com/ElrondNetwork/status/1187744887959097345?s=20
5️⃣ Weekly tech update - https://twitter.com/lucianmincu/status/1187813773010259968?s=21
✅Battle of Nodes - Phase 1, Round 3

"After seeing the excitement and amount of people that have joined the event, we decided to increase the prize pool to $60.000, as a sign of respect for the amount of attention and resources you guys decided to dedicate for helping and challenging us." Beniamin Mincu, Elrond CEO

Rewards for issue discovery, testnet operation and community support

- Vulnerabilities - $20.000
- Top 7 accounts - $4.850
- Leaderboard - $32.500 for +800 nodes
- Community - $2.500 for 7 champions

Official prizes and more details here: https://medium.com/elrondnetwork/battle-of-nodes-prize-pool-spl-it-80e167fa4878

We’re very excited to announce starting a collaboration with the Samsung blockchain ecosystem.

Here’s a video previewed yesterday at the Samsung Dev Conference: https://youtu.be/vgI1DbH1gFc

Challenge: find Elrond in the video 👀

More detalis on this soon 🙌


RT: https://twitter.com/beniaminmincu/status/1189944011349360642?s=20

We are thrilled to enter a partnership with @cerenetwork_official

Cere Network plans to offer Elrond powered services and smart contracts such as ​payment​, ​escrow​, identity services​ as turn-key microservices for Cere’s enterprise customers.

Read more on our blog: http://bit.ly/elrond-cere

Last week in summary

1️⃣ Integration into the Samsung blockchain ecosystem
2️⃣ Elrond at Continental Corporation - keynote & workshop
3️⃣ Battle of Nodes prize pool increase to $60,000
4️⃣ Cere Network partnership
5️⃣ Validator & Developer Experience workshop @ #SFBW
6️⃣ Blockchain & IoT panel @ #SFBW
7️⃣ First Battle of Nodes mission
8️⃣ Elrond Weekly Tech Update

Want to know more about @ElrondNetwork’s recent strategic collaboration with Samsung Blockchain?

💡Read @beniaminmincu’s twitter 🧵:

https://twitter.com/beniaminmincu/status/1191472313771802624?s=21

Our latest newsletter is out. Check your inboxes or read it here ⬇️⬇️

http://bit.ly/elrond-newsletter16 📫

Last week in summary

📲 More about Elrond’s strategic collaboration with Samsung
⚔️ Battle of Nodes missions nr 2, nr 3, nr 4 and nr 5
🛠 Weekly tech update
📬 Elrond Newsletter #16
💡New Virtual Machine & OS compatibility
🌏 Community contribution campaign

Elrond to Provide the Blockchain Component for the TailPath Supply Chain Management Ecosystem

Elrond’s blockchain infrastructure will be used to anchor supply chain data via the TailPath mobile app, with fast transaction times enabling real time reading and writing of data at negligible fees.

“Blockchain technology is a perfect fit to address the inefficiencies of supply chains. We are pleased to support TailPath integrate their product with Elrond in a native manner, without adding unnecessary complexity via secondary tokens. This will keep the costs for their customers as low as possible while also providing a meaningful use for our ERD token and our overall infrastructure.” said Beniamin Mincu, Elrond CEO.

Read more on our blog: http://bit.ly/elrond-supplychain

500 million ERD tokens moved from Binance Chain to Ethereum

As part of our ongoing integration efforts into the Samsung blockchain ecosystem and in tandem with requirements from several exchanges, the ERD token needs to have an ERC20 representation.

For this we are 🔥 500.000.000 ERD tokens on the Binance Chain and minting them on Ethereum.

ERC20 Token name: ERD

ERC20 Token contract

Contract creation transaction

Total ERC20 supply: 500.000.000 ERD
Total BEP2 supply: 19.500.000.000 ERD

Total circulating supply is unchanged: 8,084,166,667 ERD tokens, with 500.000.000 ERD ERC20 + 7,584,166,667 ERD BEP2

Binance Chain burn transaction


❗️IMPORTANT ❗️ No change to total or circulating supply.

Read more on our blog: https://medium.com/elrondnetwork/500-million-erd-tokens-burned-on-the-binance-chain-and-minted-on-ethereum-as-erc-20-tokens-866f978846c5

Last week in summary

📡 Final stage for Ethereum smart contracts migration to Elrond
🚛 The first supply chain dApp on Elrond: TailPath
↪️ 500,000,000 ERD tokens moved from Binance Chain to Ethereum
💳 Binance staking rewards
🛠 Weekly Tech Update
🛡Battle of Nodes - Round 1 Phase 2; v1.0.40 patch; Mission #5
✅ Community contribution campaign: validator experience in Elrond

🙋🏽‍♀️ 🙋🏿‍♂️ 🧝‍♂️ 310 people from 43 different countries 🇷🇴🇷🇺🇹🇷

💻 980 total nodes: 805 community, 175 Elrond team & company

📆 43 days in, 15 more to go

💰 $60.000 prize pool

✈️ +1 billion transactions total, 30k TPS max, stable at 2k TPS

🚧 55 issues opened in Github, 9 closed and 46 in progress

👨‍💻 17 patches deployed over 43 days

🎖 5 challenging missions

Our correspondent writes home: https://medium.com/elrondnetwork/tales-of-war-a-letter-from-the-front-line-950ff6b5b465

We are thrilled to announce that we have partnered with Everstake, a leading Staking Service platform that helps institutional investors and regular token holders to earn staking rewards on their PoS digital assets.

“Participants in the Elrond network are our core focus, regardless of their available resources or skills. By joining forces with Everstake we are now able to recommend a trustworthy professional blockchain infrastructure operator to all our supporters that need one.” said Beniamin Mincu, Elrond CEO

The total digital assets staked on Everstake are currently worth over $996,536,903.

Read more on our blog: https://medium.com/elrondnetwork/elrond-partners-with-everstake-for-staking-delegation-services-c14dc1580bea