Viastake joins Elrond as 💥 Genesis Launch Partner.

The Viastake team has been a constant presence in the validator community. They have created the first un-official set of noscripts which a lot of our members used to operate nodes. Their numerous tutorials and guides and hours spent on answering questions and making suggestions have helped Elrond become better.

“Our journey with Elrond started very early. The technology made us curious but the work ethics & transparency we recognized in the team made us stay. From its early stages the project has been all about honesty and hard work. We want Elrond to succeed so we rolled up our sleeves to build some infrastructure for it. We are happy and proud to be part of the Genesis of this new blockchain that is beyond state-of-the-art.” said Alwin Haklander, Founder & CEO Viastake.

Read more on our blog: https://medium.com/elrondnetwork/viastake-joins-elrond-as-genesis-launch-partner-staking-provider-326cc4a6a689

RT: https://twitter.com/ElrondNetwork/status/1265295997921644546?s=20

💥 Binance Staking joins Elrond as Genesis Launch Partner

We are thrilled to announce that Binance will be operating dedicated infrastructure to run Validator nodes at the mainnet launch & after, as well as in the preparation phase leading up to the minting of the Genesis Block.

The partnership brings Elrond operational support from a top player in the cryptocurrency space, while Binance supports the expansion of the blockchain ecosystem, and further involves with their long-term investment made via Binance Labs by strengthening the project’s infrastructure layer.

“We’re excited to be a part of the early adoption wave on Elrond’s technology, and our engineers have been pleasantly surprised with the ease of the setup and maintenance process of node infrastructure. Thus, the decision to get involved in Elrond’s infrastructure layer right from the start makes a lot of sense.” said the Binance Staking team.

👉🏻 https://medium.com/elrondnetwork/binance-staking-joins-elrond-as-genesis-launch-partner-b0676e75476a

RT: https://twitter.com/ElrondNetwork/status/1265606943063838724?s=20

Staking Agency joins Elrond as 💥 Genesis Launch Partner

The team behind Staking Agency is led by some of the earliest participants in our public testnets. They have been running nodes, creating noscripts and bots to complement the Elrond tools. Most importantly, the security-focused team contributed immensely to Elrond’s anti-fragility.

The Staking Agency CEO is none other than @DrDelphi, our veteran community lead who created several Telegram 🤖 bots to make our lives easy. More importantly, DrDelphi is the big winner of the two Battle of Nodes incentivized testnet events. He executed a number of attacks on the Elrond network and shared his exploits with the team so we could make Elrond better. He’s been doing that ever since and helping Elrond improve day by day.

“I closely studied all the tech of all the projects that want to build scalable smart contract execution platforms before settling on Elrond. In addition to the tech I found exceptional developers whose ingenuity & execution capabilities are far beyond what I’ve seen in the space. I took it as a personal challenge to help as much as I can, and I still do.” said Mihai “DrDelphi” Barca, CEO Staking Agency

Read all about it on our blog: https://medium.com/elrondnetwork/staking-agency-joins-elrond-as-genesis-launch-partner-staking-provider-926412c7b9a9

RT: https://twitter.com/ElrondNetwork/status/1265921605164830723?s=20

Elrond Staking Derivatives via Stake Capital’s StakeDAO

All staking infrastructure providers charge a fee for this service, which is usually the most important differentiator for customers looking to select a provider to delegate to. Stake Capital adds additional value for customers through its StakeDAO - a revenue sharing framework which enables its customers to capture a portion of Stake Capital’s income and get liquidity for their staked collateral.

🤝 Revenue Sharing offers a stablecoin cash-back mechanism for generated fees & DAO voting privileges
💱 Liquid Staking offers flexibility for delegators to liquidate their collateral before the imposed timelocks

Read more: https://medium.com/elrondnetwork/elrond-staking-derivatives-via-stake-capitals-stakedao-5b30fce5626b

RT: https://twitter.com/ElrondNetwork/status/1266350061635723267?s=20

Last week in $ERD

🤝 Binance Staking partnership
💱 $ERD staking derivatives via Stake DAO
👌 Genesis Staking full. Left out? Fill in the intent form
🎙 @beniaminmincu to join Messari "Mainnet"
🖥 Elrond Validator focus
💥 Genesis Launch partners: Viastake & Staking Agency
🛠 2 testnet releases

🌍 Elrond to Automate Audit Records for BetProtocol

Elrond Network and BetProtocol have joined forces to create an automated audit record for their online gaming operators. By utilizing the Elrond blockchain, BetProtocol aims to achieve an on-chain decentralized backup of relevant betting and transaction history, which will decrease costs with high-availability backups and reduce the duration of business interruptions during audits and compliance checking.

“Online entertainment is one of the areas where blockchain technology can add considerable value today. This collaboration opens the door for Elrond’s performance to be used as an inexpensive backend for conducting & recording betting transactions. BetProtocol has a business model which makes sense and we’re happy to help make it even more efficient.” said Beniamin Mincu, Elrond CEO.

Read all about it: https://medium.com/elrondnetwork/elrond-to-automate-audit-records-for-betprotocol-44551e20ca56

RT: https://twitter.com/ElrondNetwork/status/1267426852081106947?s=20

✅ We are ready. Battle of Nodes: Onchained Starts Thursday 4th of June

The Elrond blockchain is ready to launch. We are submitting it for one last public round of testing to showcase its capabilities ahead of minting the 💥 Genesis Block.

Battle of Nodes: Onchained will demonstrate Elrond’s readiness to fulfil the internet’s need for a layer of trust which scales with needs & expectations.

“Battle of Nodes: Onchained is the final and most important step before the Elrond mainnet. Through it, we will demonstrate a robust and performant network leading to the launch. This is a remarkable milestone, and once 15 days have passed where the network runs without interruptions in a high TPS environment, we will know Elrond is ready to go live.” said Beniamin Mincu, Elrond CEO

The final testnet challenge sets the stage for launching our mainnet as a catalyst for adoption exactly now when market sentiment, consumer attention and enterprise appetite are bursting with interest.

Read the official announcement: https://medium.com/elrondnetwork/we-are-ready-battle-of-nodes-onchained-starts-thursday-4th-of-june-7765a8f871fe

RT: https://twitter.com/ElrondNetwork/status/1267805432493551619?s=20

Battle of Nodes: Onchained is not an invitation for security experts to break our protocol because we think it can’t be done, but because we're serious about the robustness of the $ERD ecosystem. This is why we're trying to get the message out there as much as possible. We're excited by the excellent coverage by Cointelegraph 👇

According to an announcement on June 2, the upcoming Elrond incentivized stress test will include a variety of different attacks on the network. Elrond CEO Beniamin Mincu explained to Cointelegraph:

"Anything that takes the network down is allowed, as long as it's not breaking the law or social privacy of participants. So DDoS-ing, hijacking rewards, stealing coins, double spending, minting new coins & other similar situations - we will reward every successful attempt to do any of those things.”

Read the whole article: https://cointelegraph.com/news/elrond-invites-hackers-to-stress-test-its-blockchain-network

📊 FCAS Rating: Elrond ranks in Top 15 for Development and 50 Overall

Elrond was recently reviewed by analysis firm FlipSide Crypto, which assigned us a rating of 736 overall, which places us in the Top 50 projects out of the +500 projects that got an FCAS rating. Our Developer Behavior rating is an outstanding 911, which places us in the Top 15.

💪 These excellent results are even more impressive for a project that is still before the mainnet stage and therefore can’t score in certain relevant areas.

FlipSide Crypto makes comprehensive analysis for blockchain projects and assigns a Fundamental Crypto Asset Score (FCAS) rating. This rating indicates project health based on User Activity, Developer Behavior and Market Maturity.

CoinMarketCap includes this rating for all the projects it lists, which provides great exposure for those looking to learn more about a project.

Read more: https://medium.com/elrondnetwork/crypto-analysis-firm-flipside-crypto-rates-elrond-as-top-15-development-top-50-overall-bda22c2e980

RT: https://twitter.com/ElrondNetwork/status/1268432978679660544?s=20

💥 Explosive Start for Battle of Nodes: Onchained with +800 community nodes!

Only 2 days after the initial announcement, the dry-run for Battle of Nodes: Unchained already lined up 868 community nodes from 190 unique participants, with more arriving every hour. With our own Nodes in the mix, our testnet is now over 1.000 nodes, which is an amazing achievement for any blockchain, more so a testnet.

Newcomers can still register to the event until Monday 08 June 08:00 UTC - in the grand scheme of things, it would be like starting the marathon a couple of minutes late. So fire up your nodes and let’s see what they’re made of!

Read more: https://medium.com/elrondnetwork/battle-of-nodes-unchained-is-off-to-an-explosive-start-with-800-community-nodes-fc25c6ed2c56

RT: https://twitter.com/ElrondNetwork/status/1268543224894951426?s=20

Ankr to provide 1-Click deployment nodes for selected Battle of Nodes participants

Elrond and Ankr have entered into an agreement which enables Elrond Nodes to be easily deployed and hosted on the blockchain cloud infrastructure provider’s platform. The collaboration aims to synchronize the capabilities of the Ankr platform with the specific needs of operating Elrond infrastructure.

"The drive to be a part of the new economy, and contribute to the internet-scale blockchain's security & efficiency should not be met with technical obstacles. We are happy to soon be able to offer our supporters the means to set up & run an Elrond node with Ankr's intuitive platform." said Beniamin Mincu, Elrond CEO

To demonstrate the out of the box capabilities of Ankr and the remarkable progress already done to accommodate specific Elrond Validator needs, several Ankr-powered nodes will enter the fray in our incentivized testnet event.

Read more: https://medium.com/elrondnetwork/elrond-partners-with-ankr-and-enables-one-click-deployment-for-selected-battle-of-nodes-validators-fe1c563fc382

RT: https://twitter.com/ElrondNetwork/status/1268845190569132032?s=20

Last week in Elrond

⚔️ Battle of Nodes: Onchained launched
🔥 +250 registrations & +1500 nodes
🛠 4 new releases - latest v1.0.126
🔝 FCAS rating Top 15 Dev & 50 overall
🎙 Beniamin speaks at Messari Mainnet2020
⚓️ Ankr nodes for select BoN participants
💾 BetProtocol stamps audit records on Elrond
🏆 $ERD is DAO Maker’s official pick
🥇 1st rank on LunarCrush

Battle of Nodes: Onchained Prize Pool Increased to $60.000

Our announcement of the incentivized testnet event has brought 1700 nodes to the network in only 6 days. We are therefore increasing our prize pool to $60k to keep the stakes high throughout the competition. There remains high interest which is yet to materialize into online nodes. As such, we are extending the registration period until Friday 12 June.

🏆 20.000 USD added to the prize pool
📆 Registration open until Friday 12 June 23:59 UTC
🌎 1700 nodes connected to our network
🛡 3 Attacks foiled by our protocol
⚡️ 6.689 peak TPS
✅ 1M transactions in dry-run test
🦾 The latest patch is a Mainnet Release Candidate

Read the full announcement: https://medium.com/elrondnetwork/battle-of-nodes-onchained-prize-pool-increased-to-60k-registration-extended-194fa5c95683

RT: https://twitter.com/ElrondNetwork/status/1270269301497438208?s=20

👉 Join the battle at https://battleofnodes.com

⚔️ See you on the battle #fiedl 🛡

The $60k Battle of Nodes: Onchained challenge draws +1700 nodes & attention

Beniamin sat down with Coindesk to discuss the implications of running an incentivized testnet with the explicit purpose of breaking it. The significant prize pool & open security challenge have already drawn more than 1700 nodes to our network, with more coming each day.

“When we have 15 days without interruption of the network despite this kind of attacks and stress testing, at that point we know Elrond is finally prepared and good – robust enough to go live,” Beniamin Mincu told CoinDesk.

Elrond’s 15-day clock resets when the “interrupters” manage to take the network down. Nobody has yet: Elrond’s protocol has foiled three attacks so far. Underminers have nevertheless uncovered plenty of lower-level bugs worth fixing, and that’s enough to keep nodes in contention for a slice of the $60,000 plunder, paid out in the $ERD token.

👉🏻 Read the full article here: https://www.coindesk.com/elrond-will-pay-you-60000-to-break-its-blockchain

RT: https://twitter.com/ElrondNetwork/status/1270685554091397120?s=20

Elrond Gets Access to Privacy-preserving Smart Contracts via ARPA

Elrond and ARPA have entered into a partnership that will achieve interoperability between the two blockchains, giving applications which use the Elrond blockchain in their technology stack access to secure multi-party computations on ARPA.

“Achieving privacy for Elrond transactions is an important milestone in our project’s roadmap, so we are excited to see ARPA’s work on privacy-preserving multiparty computations, and the opportunities created by this partnership for the Elrond ecosystem.” said Beniamin Mincu, Elrond CEO.

The secure multi-Party computation which ARPA implements in a decentralized and trustless network enables applications using Elrond’s highly scalable blockchain to have privacy features which are critical for e-health implementations, data renting, information marketplaces and fintech scenarios, just to name a few.

👉🏻 Read all about it on our blog: https://medium.com/elrondnetwork/elrond-gets-access-to-privacy-preserving-smart-contracts-via-arpa-7e31c0dbfc10

RT: https://twitter.com/ElrondNetwork/status/1270988991538569216?s=20

Beniamin to speak on the “Scalability & Interoperability” panel at #VBS2020

The Virtual Blockchain Summit is a 2-days event packed with industry leaders who come together to advance the blockchain space by sharing their experiences in recent times and vision for a decentralized future.

Beniamin will join a panel with representatives from Wanchain, Kyber Network, and Modex to discuss the challenges & opportunities that scalability & interoperability technologies represent for blockchain adoption as an indispensable technology of the internet stack.

Show your support for our CEO & project by joining the live discussion 👇🏻

📆 Thursday 11 June 17:30 UTC
🌐 https://vbs.live

RT: https://twitter.com/ElrondNetwork/status/1271044568843276295?s=20

💱 Binance Savings for ERD starts in 2 hours

A Binance Savings product specially customized for $ERD will be available in 2 hours from now. It offers token holders the chance to earn 10% & 12% APR on deposits for 7 & 14 days. The total available amount is 150 million tokens per product, served on a first-come, first-served basis, with a 5 million individual cap.

These go fast 👇🏻
https://www.binance.com/en/support/articles/d8e8c6baa0fb4fb1aa50942bdf2d50e4

RT: https://twitter.com/ElrondNetwork/status/1271384923140653057?s=20

⚔️ Battle of Nodes: Onchained - Week #1 report

• Anti-flood mechanism prevented consensus in high TPS
• Redundant validator setup caused double-signing edge-case & fork

🌎 1609 validators & 1838 nodes
⚡️ 13000 max TPS
🛡 3 attacks foiled by the protocol
🆕 6 releases in 7 days
🛠 14 improvements & 16 bug fixes

Learning 1: High TPS is not flood

Our anti-flood mechanism was configured too tightly and flagged valid consensus messages as spam due to the high TPS environment in a geographically dispersed setting. As a result, we raised the peerMaxMessagesPerSec to 5 in order to avoid the consensus topic being blocked by the topic flood preventer component.

Learning 2: Redundant setups can do more harm than good

A node operator deployed two nodes with the same key and triggered a specific double-signing scenario that caused a fork. We have addressed this by improving our ForkDetector component.

"We are convinced there are many other possible situations that can hinder the proper functioning of a blockchain. As we are deploying the first truly sharded architecture proof of stake architecture, we are the first ever to face certain specific problems, and thus the first to solve them. We are thankful to our community for their valuble contributions, and will remain vigilant for any other issues that might be discovered." Lucian Mincu, Elrond CIO

Read the full report: https://medium.com/elrondnetwork/battle-report-7-days-2-major-issues-2-fixes-improved-resilience-7c582aa5ecb0

RT: https://twitter.com/LucianMincu/status/1271438869771292675?s=20