📈 Elrond Quarterly report released
The Q1 2020 Report highlights our latest achievements and offers a glimpse into the major things around the corner.
We have performed several audits, refined our ecosystem growth strategy, multiplied business partnerships, while maintaining laser focus on the Elrond architecture development, to the point where it is now ready to launch.
"Before minting the genesis block, we will also introduce a few exciting surprise features."
Check out the full report (link).
The Q1 2020 Report highlights our latest achievements and offers a glimpse into the major things around the corner.
We have performed several audits, refined our ecosystem growth strategy, multiplied business partnerships, while maintaining laser focus on the Elrond architecture development, to the point where it is now ready to launch.
"Before minting the genesis block, we will also introduce a few exciting surprise features."
Check out the full report (link).
Forwarded from Beniamin Mincu | MultiversX
Complexity in building a state sharded blockchain - insights on how things look before a mainnet launch
We've managed to increase the speed of development during the last weeks. It's kinda fun testing the limits but also painful. Here's a glance behind the scene👇
To start the next Battle of Nodes phase, everything we need is
- a feature complete code freeze
- robust stability against known attack vectors
💪 So our team has been pulling 14-16 hour work days to move a few mountains, and get the stuff done.
👨💻 Here’s how integrating a feature looks like:
Idea -> Specification -> Peer review -> Code pull request -> 2 peer reviews -> merged in test branch -> deployed for large scale testing -> bugs found -> bugs fixed pull request -> 2 peer reviews -> internal hacking -> merged in Master branch
🏋️♂️ There are 3 challenges we've been facing, but we've now almost solved them.
1️⃣ Stability - Though we've reached good network stability in the past releases, with each new feature we merged during the last days, stability got a reset. New testing, new bugs, new fixes. Rinse & repeat.
2️⃣ Complexity - Growing system complexity has become increasingly difficult to manage at this speed. Monster large codebase, multiple interdependencies, many features added in a short timeframe, tricky bugs emerging & isolating them takes longer than expected.
3️⃣ Estimates - Given the several levels of overlapping complexity, calculating precise time schedules for a release is practically impossible. All we have, is insane effort directed at these problems, good progress being made, and a rough estimate of next expected release. These estimates are based on: number of features still being integrated * days it takes on average to integrate, perform all tests, and reach stability with new features.
👌 The good news is our solutions are in sight:
1️⃣ Most features are already implemented, the last few are being processed right now.
2️⃣ New tools for managing complexity will be put in place.
3️⃣ Once features are done, predicting timeframes becomes 50% better.
Building a state sharded proof of stake architecture is hard. Doing it on an aggressive schedule is even harder. This is why most projects have failed, and Ethereum will not be able to deliver any working solution in the next 2 years, despite what $ETH supporters might tell you.
💡 Complexity is high, but far from unsolvable. In fact, we are 98% done for Genesis. The last 2% will be:
- finishing 1-2 features and stabilizing via heavy testing
- trial by fire via Battle of Nodes
🤔 Honestly, I'm quite surprised no one is talking about this complexity, especially given how early and unstable the other state sharded architectures look in practice. This might mean they're basically faking it, or maybe they're too far behind to have stumbled into this. Remember, the problem with state sharding has not been a theoretical one. We've published a full solution 2 years ago.
The problem has ALWAYS been in building the solution. This might mean the new moat for open source tech, equivalent to old patents, is the capacity to conquer complexity at high speed.
A high throughput, low latency, high security, low cost blockchain is not sufficient for the next wave of adoption, but without it it's an impossibility. You might think you can get around the performance problem, but there's no shortcut. It will become an inevitable bottleneck. Having the tech is a major achievement, but adoption is the name of the next game level.
🔥 For this, we have a new solution, to be unveiled soon
RT: https://twitter.com/beniaminmincu/status/1249650877826240514?s=20
We've managed to increase the speed of development during the last weeks. It's kinda fun testing the limits but also painful. Here's a glance behind the scene👇
To start the next Battle of Nodes phase, everything we need is
- a feature complete code freeze
- robust stability against known attack vectors
💪 So our team has been pulling 14-16 hour work days to move a few mountains, and get the stuff done.
👨💻 Here’s how integrating a feature looks like:
Idea -> Specification -> Peer review -> Code pull request -> 2 peer reviews -> merged in test branch -> deployed for large scale testing -> bugs found -> bugs fixed pull request -> 2 peer reviews -> internal hacking -> merged in Master branch
🏋️♂️ There are 3 challenges we've been facing, but we've now almost solved them.
1️⃣ Stability - Though we've reached good network stability in the past releases, with each new feature we merged during the last days, stability got a reset. New testing, new bugs, new fixes. Rinse & repeat.
2️⃣ Complexity - Growing system complexity has become increasingly difficult to manage at this speed. Monster large codebase, multiple interdependencies, many features added in a short timeframe, tricky bugs emerging & isolating them takes longer than expected.
3️⃣ Estimates - Given the several levels of overlapping complexity, calculating precise time schedules for a release is practically impossible. All we have, is insane effort directed at these problems, good progress being made, and a rough estimate of next expected release. These estimates are based on: number of features still being integrated * days it takes on average to integrate, perform all tests, and reach stability with new features.
👌 The good news is our solutions are in sight:
1️⃣ Most features are already implemented, the last few are being processed right now.
2️⃣ New tools for managing complexity will be put in place.
3️⃣ Once features are done, predicting timeframes becomes 50% better.
Building a state sharded proof of stake architecture is hard. Doing it on an aggressive schedule is even harder. This is why most projects have failed, and Ethereum will not be able to deliver any working solution in the next 2 years, despite what $ETH supporters might tell you.
💡 Complexity is high, but far from unsolvable. In fact, we are 98% done for Genesis. The last 2% will be:
- finishing 1-2 features and stabilizing via heavy testing
- trial by fire via Battle of Nodes
🤔 Honestly, I'm quite surprised no one is talking about this complexity, especially given how early and unstable the other state sharded architectures look in practice. This might mean they're basically faking it, or maybe they're too far behind to have stumbled into this. Remember, the problem with state sharding has not been a theoretical one. We've published a full solution 2 years ago.
The problem has ALWAYS been in building the solution. This might mean the new moat for open source tech, equivalent to old patents, is the capacity to conquer complexity at high speed.
A high throughput, low latency, high security, low cost blockchain is not sufficient for the next wave of adoption, but without it it's an impossibility. You might think you can get around the performance problem, but there's no shortcut. It will become an inevitable bottleneck. Having the tech is a major achievement, but adoption is the name of the next game level.
🔥 For this, we have a new solution, to be unveiled soon
RT: https://twitter.com/beniaminmincu/status/1249650877826240514?s=20
Twitter
Beniamin Mincu ⚡
1/ Complexity in building a state sharded blockchain - insights on how things look before a mainnet launch. We've managed to increase the speed of development during the last weeks. It's kinda fun testing the limits but also painful👇
Last week in summary
🌏 Mainnet marketing kicks off with Beniamin's video interview
📊 TPS records, security audits, game & more in Q1 2020 report
📇 New attributes give Elrond accounts SC-like functionality
🛸 Blazing fast stable coins via our ESDT standard
🤝 Elrond partner ecosystem growth overview
🌏 Mainnet marketing kicks off with Beniamin's video interview
📊 TPS records, security audits, game & more in Q1 2020 report
📇 New attributes give Elrond accounts SC-like functionality
🛸 Blazing fast stable coins via our ESDT standard
🤝 Elrond partner ecosystem growth overview
Easy2Stake to Provide Professional Infrastructure Staking Services for the Elrond Network
“We have a long history of working with the Easy2Stake team. They have proven themselves in the PoS space and there is a solid layer of trust between us. We are excited to have them as launch partners.” said Beniamin Mincu, Elrond CEO
Easy2Stake provides highly available and secure infrastructure for staked assets. The company ensures the highest security standards by mixing bare metal and virtual servers from reliable public cloud providers across different regions. A “zero downtime” goal is supported by a professional monitoring system, 24x7 on-call support, a hot standby site and disaster recovery procedures.
Read more: https://medium.com/elrondnetwork/easy2stake-to-provide-professional-infrastructure-staking-services-for-the-elrond-network-ed6919a887d3
“We have a long history of working with the Easy2Stake team. They have proven themselves in the PoS space and there is a solid layer of trust between us. We are excited to have them as launch partners.” said Beniamin Mincu, Elrond CEO
Easy2Stake provides highly available and secure infrastructure for staked assets. The company ensures the highest security standards by mixing bare metal and virtual servers from reliable public cloud providers across different regions. A “zero downtime” goal is supported by a professional monitoring system, 24x7 on-call support, a hot standby site and disaster recovery procedures.
Read more: https://medium.com/elrondnetwork/easy2stake-to-provide-professional-infrastructure-staking-services-for-the-elrond-network-ed6919a887d3
Medium
Easy2Stake to Provide Professional Infrastructure Staking Services for the Elrond Network
Blockchain is a core enabler for the new distributed economy — a layer of transparent and fair financial & technological mechanisms that…
Forwarded from Beniamin Mincu | MultiversX
We are on the verge of entering a new blockchain era - one of simple, global, near instant, and inexpensive value transfer, for anyone, anywhere. ⚡️
But how, you may ask? For this we've built Elrond, the internet scale blockchain 👇🏻
https://www.youtube.com/watch?v=_UM6mDfV_zc
The internet serves as the most useful metaphor of how blockchain adoption will likely play out. Looking back, there are 2 important inflexion points in the early days of the web: 🌏
https://www.upgrade100.com/updates/somewhere-in-transylvania-a-group-of-young-computer-scientists-are-writing-the-future-of-blockchain/
🔸 the first inflexion point was the browser - which dramatically lowered the barrier to entry, enabling tens of millions of people to come online (thanks for Netscape @pmarca ).
🔸 the second inflexion point was the transition from dialup to broadband - which significantly increased speed and reduced cost, enabling new and more powerful products to be built on the web.
Blockchain has seen extreme enthusiasm during the last years, but it has been largely stuck in high friction, low bandwidth dial-up mode, despite repeated attempts to change that. Just as with the internet, two important components are needed to enable the next adoption wave:
🔸 a high-bandwidth, low latency, high security, low cost blockchain network to accommodate internet scale performance.
🔸 a beautiful and radically simplified user interface, abstracting private key management, significantly lowering friction to onboard tens of millions of users, and enabling sending money anywhere in the world just as simple as sending an email.
This is a glimpse of what we've been working on day and night at Elrond, and as we are closer to the Genesis launch, we'll be sharing more.
P.S. Time to take a closer look at @ElrondNetwork $ERD 🔥
RT: https://twitter.com/beniaminmincu/status/1252179352760041472?s=20
But how, you may ask? For this we've built Elrond, the internet scale blockchain 👇🏻
https://www.youtube.com/watch?v=_UM6mDfV_zc
The internet serves as the most useful metaphor of how blockchain adoption will likely play out. Looking back, there are 2 important inflexion points in the early days of the web: 🌏
https://www.upgrade100.com/updates/somewhere-in-transylvania-a-group-of-young-computer-scientists-are-writing-the-future-of-blockchain/
🔸 the first inflexion point was the browser - which dramatically lowered the barrier to entry, enabling tens of millions of people to come online (thanks for Netscape @pmarca ).
🔸 the second inflexion point was the transition from dialup to broadband - which significantly increased speed and reduced cost, enabling new and more powerful products to be built on the web.
Blockchain has seen extreme enthusiasm during the last years, but it has been largely stuck in high friction, low bandwidth dial-up mode, despite repeated attempts to change that. Just as with the internet, two important components are needed to enable the next adoption wave:
🔸 a high-bandwidth, low latency, high security, low cost blockchain network to accommodate internet scale performance.
🔸 a beautiful and radically simplified user interface, abstracting private key management, significantly lowering friction to onboard tens of millions of users, and enabling sending money anywhere in the world just as simple as sending an email.
This is a glimpse of what we've been working on day and night at Elrond, and as we are closer to the Genesis launch, we'll be sharing more.
P.S. Time to take a closer look at @ElrondNetwork $ERD 🔥
RT: https://twitter.com/beniaminmincu/status/1252179352760041472?s=20
YouTube
ELROND: The Future of Blockchain - Made in Transylvania | UPGRADE 100 Exclusive
EXCLUSIVE. A startup based in Sibiu, Romania, southern Transylvania, built in less than 3 years a blockchain 1,000 times faster than the actual standard. With an investment of 1.9 million dollars, they developed a cryptocurrency platform that can process…
Last week in summary
⌨️Javanoscript & Typenoscript dApps via erd.js front-end framework
🔝Elrond ranked highest SC platform by staking rewards
🤝Easy2Stake joins Elrond as Genesis launch partner
🏦Mainnet prestaking: 80% staking cap reached
⌨️Javanoscript & Typenoscript dApps via erd.js front-end framework
🔝Elrond ranked highest SC platform by staking rewards
🤝Easy2Stake joins Elrond as Genesis launch partner
🏦Mainnet prestaking: 80% staking cap reached
The Elrond mainnet will launch with Binance $BUSD as the first stable coin
The Elrond mainnet will launch soon with the Binance $BUSD as the first available stablecoin. Developers can already start building on the Elrond testnet with a dedicated IDE and smart contract frameworks for the most popular languages. This way they get a head start on implementing new DeFi use cases and receive 30% royalties from their smart contracts.
Stable coins in general have also seen a spike in use, with transactions nearing $100bn so far in 2020, almost three times more than in 2019. Slow transactions, long confirmation times and large fees are seemingly inescapable infrastructure problems today. Elrond’s innovative infrastructure & economics will enable it to capture a significant portion of the existing transactions and make it the obvious choice for new ones.
“Given that the Elrond launch is so close, the immediate availability of the Binance $BUSD will put the high performance capability of our network to great use. This collaboration marks an important step in our focus to significantly improve current blockchain use cases, and enable new ones as soon as Elrond goes live”. said Beniamin Mincu, Elrond CEO.
Read more: https://medium.com/elrondnetwork/binance-leverages-the-elrond-blockchain-for-fast-inexpensive-busd-stablecoin-transfers-da73d0d5cec3
RT: https://twitter.com/ElrondNetwork/status/1253678185956421637?s=20
The Elrond mainnet will launch soon with the Binance $BUSD as the first available stablecoin. Developers can already start building on the Elrond testnet with a dedicated IDE and smart contract frameworks for the most popular languages. This way they get a head start on implementing new DeFi use cases and receive 30% royalties from their smart contracts.
Stable coins in general have also seen a spike in use, with transactions nearing $100bn so far in 2020, almost three times more than in 2019. Slow transactions, long confirmation times and large fees are seemingly inescapable infrastructure problems today. Elrond’s innovative infrastructure & economics will enable it to capture a significant portion of the existing transactions and make it the obvious choice for new ones.
“Given that the Elrond launch is so close, the immediate availability of the Binance $BUSD will put the high performance capability of our network to great use. This collaboration marks an important step in our focus to significantly improve current blockchain use cases, and enable new ones as soon as Elrond goes live”. said Beniamin Mincu, Elrond CEO.
Read more: https://medium.com/elrondnetwork/binance-leverages-the-elrond-blockchain-for-fast-inexpensive-busd-stablecoin-transfers-da73d0d5cec3
RT: https://twitter.com/ElrondNetwork/status/1253678185956421637?s=20
Medium
Binance Leverages the Elrond Blockchain for Fast & Inexpensive BUSD Stablecoin Transfers
Binance and Elrond have entered into an agreement which will make the Binance-backed BUSD stable coin available on the Elrond Network. The…
Elrond Weekly Tech Update is here!
⬇️⬇️
https://twitter.com/AdrianDobrita/status/1254063300884811776?s=20
⬇️⬇️
https://twitter.com/AdrianDobrita/status/1254063300884811776?s=20
Twitter
Adrian Dobrita
We work on the issues as if they're the last remaining locks on a vault - a few more careful trials & we’ll crack it open. We're putting order into the complexity on the infrastructure side and calibrating our dev tools with valuable feedback. Check out our…
The $ERD token is now available for swapping via the fiat on/off-ramp processor CryptoCoin.PRO
Elrond Network and CryptoCoin.PRO are pleased to announce a collaboration that enables swapping between fiat and tokens in a compliant manner. The integration makes the conversion of EUR into ERD a simple and safe process, which is already active at https://checkout.cryptocoin.pro/order/elrond
“The first experience when dealing with something new has a lasting effect on our perception. CryptoCoin.PRO offers a familiar e-commerce feeling for stepping into the blockchain space, which can boost adoption.” said Lucian Todea, Elrond COO.
Read all about it here 👇🏻
https://bit.ly/ERD-CryptoCoinPro
Elrond Network and CryptoCoin.PRO are pleased to announce a collaboration that enables swapping between fiat and tokens in a compliant manner. The integration makes the conversion of EUR into ERD a simple and safe process, which is already active at https://checkout.cryptocoin.pro/order/elrond
“The first experience when dealing with something new has a lasting effect on our perception. CryptoCoin.PRO offers a familiar e-commerce feeling for stepping into the blockchain space, which can boost adoption.” said Lucian Todea, Elrond COO.
Read all about it here 👇🏻
https://bit.ly/ERD-CryptoCoinPro
Medium
The $ERD token is now available for swapping via the fiat on/off-ramp processor CryptoCoin.PRO
Elrond Network and CryptoCoin.PRO are pleased to announce a collaboration that enables swapping between fiat and tokens in a compliant…
Last week in summary
🔥 Binance to deploy its $BUSD stablecoin on Elrond
⚡️ 12k TPS tests lead to improvements in our scaling tech
🌴 ThePalmTree SaaS publishes Elrond monitoring guide
🛠 TypeScript & JavaScript Smart Contracts testing
🔥 Binance to deploy its $BUSD stablecoin on Elrond
⚡️ 12k TPS tests lead to improvements in our scaling tech
🌴 ThePalmTree SaaS publishes Elrond monitoring guide
🛠 TypeScript & JavaScript Smart Contracts testing
Transak to include the $ERD ticker in their fiat on/off ramp aggregator app
Elrond Network and Transak are pleased to announce a collaboration that enables the straightforward and compliant swap between fiat and tokens. This integration makes the conversion of EUR, GBP or INR into ERD a simple and safe process that is already running on https://global.transak.com/
"One important obstacle for blockchain adoption is effectively getting into crypto. The process of converting fiat into tokens is often complex, lengthy and expensive. Transak makes it look easy, which we find a big value add in the space." said Beniamin Mincu, Elrond CEO.
More details 👇🏻
https://bit.ly/ERD-transak
Elrond Network and Transak are pleased to announce a collaboration that enables the straightforward and compliant swap between fiat and tokens. This integration makes the conversion of EUR, GBP or INR into ERD a simple and safe process that is already running on https://global.transak.com/
"One important obstacle for blockchain adoption is effectively getting into crypto. The process of converting fiat into tokens is often complex, lengthy and expensive. Transak makes it look easy, which we find a big value add in the space." said Beniamin Mincu, Elrond CEO.
More details 👇🏻
https://bit.ly/ERD-transak
Medium
Transak to Include the $ERD Ticker in Their Fiat On-Ramp Aggregator App
Elrond Network and Transak are pleased to announce a collaboration that enables the straightforward and compliant swap between fiat and…
Forwarded from Beniamin Mincu | MultiversX
The Elrond testnet wallet has arrived. Our wallet is the gateway into the Elrond universe. Blockchain is hard but using it shouldn’t be.
Read all about the design philosophy behind our wallet here: https://medium.com/elrondnetwork/the-elrond-wallet-has-arrived-2c4662c59f92
Read all about the design philosophy behind our wallet here: https://medium.com/elrondnetwork/the-elrond-wallet-has-arrived-2c4662c59f92
Medium
The Elrond Wallet Has Arrived
Note: this is a testnet wallet.
Binance adds $ERD Savings for 7 & 14 days with 10% & 12% APR
Binance will open a customizable $ERD Savings product on 30 April at 12:00 UTC. Each user will be capped at 5.000.000 ERD per deposit and will be able to select a 7 days lock with 10% APR or 14 days lock with 12% APR.
There is a total 150.000.000 ERD cap for each of the products, to be allocated on a first come, first served basis. Interest calculation starts 24 hours after the launch of the products, on 01 May at 12:00 UTC.
“Forget about sprints or marathons, building Elrond is like testing your limits in an Iron Man. But the prize is incomparably larger and its impact long lasting. What we’re building is here to stay, so we’re helping you get used to hodling. Great to be able to offer this program with our Binance partners.” said Beniamin Mincu, Elrond CEO.
RT: https://twitter.com/ElrondNetwork/status/1255444096895913984?s=20
Binance will open a customizable $ERD Savings product on 30 April at 12:00 UTC. Each user will be capped at 5.000.000 ERD per deposit and will be able to select a 7 days lock with 10% APR or 14 days lock with 12% APR.
There is a total 150.000.000 ERD cap for each of the products, to be allocated on a first come, first served basis. Interest calculation starts 24 hours after the launch of the products, on 01 May at 12:00 UTC.
“Forget about sprints or marathons, building Elrond is like testing your limits in an Iron Man. But the prize is incomparably larger and its impact long lasting. What we’re building is here to stay, so we’re helping you get used to hodling. Great to be able to offer this program with our Binance partners.” said Beniamin Mincu, Elrond CEO.
RT: https://twitter.com/ElrondNetwork/status/1255444096895913984?s=20
X (formerly Twitter)
Multiversᕽ (@MultiversX) on X
Custom @binance Savings program for $ERD tokens starts 30 April at 12 UTC! 7 & 14 days deposits with 10% and 12% APR, respectively.
#HODL. Earn.
All about it: https://t.co/KAFpgHwKbU
#HODL. Earn.
All about it: https://t.co/KAFpgHwKbU
Dubai Blockchain: Elrond & GDA Corporation Exploring Fast Payments & Smart Contract Frameworks
The Dubai Blockchain Strategy aims to make Dubai the first city fully powered by blockchain. It tackles three strategic pillars of Government Efficiency, Industry Creation and International Leadership. The implementation of the use cases for each of the pillars will be made after a rigorous selection of technologies and implementation partners.
Elrond Ltd. and GDA Corporation are exploring the implementation of fast payments & clearance networks, as well as the definition and implementation of smart contract frameworks, for the Dubai smart city initiative. The partnership is working off of Elrond’s scalable infrastructure and multiple innovations around smart contracts & smart accounts to define a fitting working model for Dubai and deploy it on the Elrond blockchain.
“The blockchain space knows Elrond for its significant performance and scalability, but in addition to this our enterprise partners also recognize the implications of other noteworthy contributions in the areas of smart accounts & contracts. Together, these components make the Elrond blockchain uniquely equipped for real use-cases that go far beyond what we have seen so far.” said Beniamin Mincu, Elrond CEO.
Read more on our blog: https://medium.com/elrondnetwork/dubai-blockchain-elrond-gda-corporation-exploring-fast-payments-smart-contract-frameworks-599952c45e35
RT: https://twitter.com/ElrondNetwork/status/1256143048829997062?s=20
The Dubai Blockchain Strategy aims to make Dubai the first city fully powered by blockchain. It tackles three strategic pillars of Government Efficiency, Industry Creation and International Leadership. The implementation of the use cases for each of the pillars will be made after a rigorous selection of technologies and implementation partners.
Elrond Ltd. and GDA Corporation are exploring the implementation of fast payments & clearance networks, as well as the definition and implementation of smart contract frameworks, for the Dubai smart city initiative. The partnership is working off of Elrond’s scalable infrastructure and multiple innovations around smart contracts & smart accounts to define a fitting working model for Dubai and deploy it on the Elrond blockchain.
“The blockchain space knows Elrond for its significant performance and scalability, but in addition to this our enterprise partners also recognize the implications of other noteworthy contributions in the areas of smart accounts & contracts. Together, these components make the Elrond blockchain uniquely equipped for real use-cases that go far beyond what we have seen so far.” said Beniamin Mincu, Elrond CEO.
Read more on our blog: https://medium.com/elrondnetwork/dubai-blockchain-elrond-gda-corporation-exploring-fast-payments-smart-contract-frameworks-599952c45e35
RT: https://twitter.com/ElrondNetwork/status/1256143048829997062?s=20
Medium
Dubai Blockchain: Elrond & GDA Corporation Exploring Fast Payments & Smart Contract Frameworks
Elrond Network, the European startup building the internet-scale blockchain which brings 1.000x improvements over existing similar…
Elrond Weekly Tech Update is here!
⬇️⬇️
https://twitter.com/sasurobert/status/1256265242771894272?s=21
⬇️⬇️
https://twitter.com/sasurobert/status/1256265242771894272?s=21
Twitter
Robert Sasu
The Elrond wallet was enthusiastically received by our community, most bugs have been solved & network stability has been steadily improving. We put a lot of ❤️ into building these products for users, validators & developers. Here is the #elrondtech for this…
🚀 +15.000 TPS on Testnet with 100% Cross-Shard TXs
We tested the speed of our latest release and reached a whopping 15.133 TPS
We reached 65.000 TPS in our internal testnet, but this number is more important, because the protocol is now feature complete and has all the security features baked in. Even more important, it’s running on community nodes in an open environment.
🙏 Thank you, Nodes team!
Other relevant network stats:
• Network configuration: Metachain + 5 shards
• Validator nodes: 500+ (11 Countries and 41 Cities)
• Average consensus hit-rate: ~98%
• Average network height: ~10k
• Peak TPS: 15k+ (100% cross-shard txs)
• Network Sharding Enabled @ 24 target peer connections for each validator node. (500+ total validator nodes)
• Storage Prunning Enabled (2 Epochs)
• Start-in-Epoch Enabled
• Validator Rating Enabled
🧐 See for yourself on https://explorer.elrond.com
RT: https://twitter.com/LucianMincu/status/1256962894400557062?s=20
We tested the speed of our latest release and reached a whopping 15.133 TPS
We reached 65.000 TPS in our internal testnet, but this number is more important, because the protocol is now feature complete and has all the security features baked in. Even more important, it’s running on community nodes in an open environment.
🙏 Thank you, Nodes team!
Other relevant network stats:
• Network configuration: Metachain + 5 shards
• Validator nodes: 500+ (11 Countries and 41 Cities)
• Average consensus hit-rate: ~98%
• Average network height: ~10k
• Peak TPS: 15k+ (100% cross-shard txs)
• Network Sharding Enabled @ 24 target peer connections for each validator node. (500+ total validator nodes)
• Storage Prunning Enabled (2 Epochs)
• Start-in-Epoch Enabled
• Validator Rating Enabled
🧐 See for yourself on https://explorer.elrond.com
RT: https://twitter.com/LucianMincu/status/1256962894400557062?s=20
Last week in summary
📺 Beniamin Mincu @ Buhnici - blogger /w 1M subs 🇷🇴RO
🚀 15.000 TPS /w 100% cross-shard TXs on public testnet
🌇 Dubai Blockchain: Fast Payments & SC Frameworks
💹 Binance Savings: "14 days" gone in 7 minutes
🔏 Wallet launched, test with free xERD
💱 Fiat onramp Transak & CryptoCoin.pro
📺 Beniamin Mincu @ Buhnici - blogger /w 1M subs 🇷🇴RO
🚀 15.000 TPS /w 100% cross-shard TXs on public testnet
🌇 Dubai Blockchain: Fast Payments & SC Frameworks
💹 Binance Savings: "14 days" gone in 7 minutes
🔏 Wallet launched, test with free xERD
💱 Fiat onramp Transak & CryptoCoin.pro
📻 Listen to Beniamin on the Coingecko podcast
Our CEO was a guest on the Coingecko podcast, where he answered questions about Elrond’s economics, the staking ecosystem, partners and plans in a very detailed manner.
By far the most interesting answer was about Elrond’s competitors, which we will not spoil for you here, give it a listen here (link) on your favorite podcast platform
RT: https://twitter.com/ElrondNetwork/status/1257270185263796230?s=20
Our CEO was a guest on the Coingecko podcast, where he answered questions about Elrond’s economics, the staking ecosystem, partners and plans in a very detailed manner.
By far the most interesting answer was about Elrond’s competitors, which we will not spoil for you here, give it a listen here (link) on your favorite podcast platform
RT: https://twitter.com/ElrondNetwork/status/1257270185263796230?s=20
Buzzsprout
Building a Highly Scalable Blockchain with Beniamin Mincu, CEO of Elrond - Ep. 11 - CoinGecko Podcast - Bitcoin & Cryptocurrency…
In this episode, Bobby Ong, co-founder of CoinGecko is joined by Beniamin Mincu, CEO of Elrond. Bobby interviewed Beniamin on what Elrond is, why it is important, its token model, as well as its plan for the future.[00:00:02] Intro[00:01:20] What is Elrond…
🌍 The Elrond World Tour
We’re building a 🗺 of our supporters. It’s anonymous, private and fun. It also demonstrates how fast our blockchain is and how our integration with our TailPath supply chain partner works.
For every QR code scanned, the TailPath app sends a TX to the Elrond blockchain. It can be checked in the app’s “History” - if you click the ♾ symbol, the Elrond blockchain explorer opens and you can see the actual transaction. This is very useful for supply chains in general & fun for us to do now.
Follow these steps and join 👇
📲 Get TailPath App - iOS , Android
🌐 Go to https://tailpath.com/elrond.html
📸 Scan the code using the app
🐥 Tweet this link https://tailpath.com/elrond.html with the #elrondworldtour hashtag and a personal message
👌 Privacy: there is only one QR code, which can't be traced to you individually in any way. Scans place a location on the map in a 1 square km area, so your city or general area will be well represented while your location will be protected. 🔐
We’re building a 🗺 of our supporters. It’s anonymous, private and fun. It also demonstrates how fast our blockchain is and how our integration with our TailPath supply chain partner works.
For every QR code scanned, the TailPath app sends a TX to the Elrond blockchain. It can be checked in the app’s “History” - if you click the ♾ symbol, the Elrond blockchain explorer opens and you can see the actual transaction. This is very useful for supply chains in general & fun for us to do now.
Follow these steps and join 👇
📲 Get TailPath App - iOS , Android
🌐 Go to https://tailpath.com/elrond.html
📸 Scan the code using the app
🐥 Tweet this link https://tailpath.com/elrond.html with the #elrondworldtour hashtag and a personal message
👌 Privacy: there is only one QR code, which can't be traced to you individually in any way. Scans place a location on the map in a 1 square km area, so your city or general area will be well represented while your location will be protected. 🔐