Entities

Elrond Network

Elrond Network

Entity Type
Industry
Founding Date
2017

Elrond Network is a revolutionary blockchain platform ​attempting to become the backbone of a permissionless, borderless, globally accessible internet economy. It is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. Elrond can process upwards of 10,000 transactions per second, with 5-second latency, and negligible cost.

KEY INNOVATIONS


Adaptive State Sharding

Effectively partitioning the chain state into multiple shards, handled in parallel by different participating validators.


Secure Proof of Stake

An improved variation of Proof of Stake that ensures long term security and distributed fairness, while eliminating the need for energy-intensive PoW algorithms.