Introduction
Technology is evolving everyday, new innovations brings disruption and replace the old one. Technology has transformed humans from an uncivilized state to civilized state. Thanks to a new revolutionary technology called Blockchain. It's immutable, incorruptible and unhackable nature makes it more superior than any other existing technology. Blockchain has the capability to transform every sphere of our society, that's why the world is giving a very special attention to adopt it in every business workflow.
Blockchain the underlying technology of Bitcoin is achieving new technological milestones. Blockchain opens the door for endless social, financial and industrial applications. Today, the is giving special attention to adopting blockchain into every sphere of our society.
But, even being a revolutionary technology the blockchain is having many fundamental challenges which hinder mainstream adoption. The present blockchain ecosystem is too much fragmented and complex in its structures. Currently, projects developing on the blockchain are making heterogeneous progress. But still scalable and smooth blockchain solution is not available for complete adoption. In scalability, creation of complete decentralized nodes takes place where separate consensus chains can do their own calculations to improve security and scalability of the blockchain network.
Thankfully a team of professionals are committed to solve the above mentioned issues with which scalable blockchain solution can be interacted with global society.
About Elrond Network
Elrond Network is aiming to create a complete decentralized scalable and secured blockchain solution which can speed up the Global adoption. It uses unique architecture and structural frameworks which makes it superior than other blockchain projects. Elrond Network effectively utilizes the consensus algorithms and nodes to deploy efficient decentralized applications. Elrond Network added the functionality support to smart contacts compatible with EVM and EWASM blockchain structures.
It is worth noting point that Elrond Network's team is highly active and working hard to make progress. Recently they have rewritten the Go code language and integrated it to reach 3750+ TPS. Elrond Network uses very less storage space to scale up the blockchain network in a very linear way. Thus the blockchain network reaches highest throughput with every efficient way. With the coordinated work of Elrond Network's team the transaction speed will surpass the Visa network.
The Elrond Network uses it's own internal token called ERD. This token will be used to perform every network operations and for rewards distribution.
Conclusion
Elrond Network is committed to make a feasible, efficient and scalable blockchain network which accelerates the growth of blockchain adoption in real world applications. It is worth to note that the Elrond Network team is highly active and making effective progress over the months. It is happy to see such a scalable blockchain solution is committed to transform our life.
Learn more about Elrond Network:
Website: https://elrond.com/
Read Whitepaper: https://elrond.com/files/Elrond_Whitepaper_EN.pdf
Telegram: https://t.me/ElrondNetwork
Facebook: https://facebook.com/elrondnetwork
Twitter: https://twitter.com/ElrondNetwork
Medium: https://medium.com/elrondnetwork
Reddit: https://reddit.com/r/elrondnetwork
YouTube: https://www.youtube.com/channel/UCRLKQHcjuWW_-JOZ-DqQTXw
GitHub: https://github.com/elrondnetwork
About Author:
Bitcointalk username: Abhijeetcg
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ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
