With the rapid development of technology, changes occur in the world. These changes create differences in people’s habits. In the past, internet technology promises a completely different world for people and now it is more advanced on the internet and for wifiler people. Therefore, many projects and platforms emerge in this field. Many of them do sloppy operations, damaging people’s trust. This insecurity is reflected in the sector in time. In addition, in some projects, it does its job really well and wants to take part in the change I mentioned above and be the first to respond to people’s wishes. It is necessary to distinguish these projects from the others. The Elrond project is a quality project that does its job well and gives confidence. Elrond’s remarkable contributions are based on two key building blocks: Adaptive State Sharing and Proof of Safe Betting, providing fast and secure decentralized networks. , intuitive and engaging dApps. We are excited to work together to advance Blockchain technology towards mass adoption. Elrond (or “Project”) is a highly efficient public block chain focused on providing security, efficiency, scalability and interoperability using two key elements: Adaptive Status Sharing and a new Secure Proof of Purchase (“SPoS”) consensus mechanism. Elrond’s test network is already live and can handle up to 5 seconds delay time and up to a minimum cost (depending on 5 parts) of up to 10 seconds TPS. The project aims to be a platform for the easy deployment of programmable money and dApps, thus creating the backbone of an open, unauthorized, unlimited, globally accessible internet economy. Elrond’s goal is to be a high-volume, fast processing speed and low transaction cost platform, enabling an effective and competitive user experience in real-world use situations. Elrond believes that high scalability, fast processing speed and low processing cost are suitable for machine-to-machine operations and the IoT economy. The uses of the Elrond token (ERD) include, but are not limited to: payment for transaction fees and payment for the cost of distributing dApps to the network, and rewards for various contributions to the network. During the first few years, the main focus of the Project will be to establish Elrond as a global public tool within the Internet ecosystem, providing a scalable, efficient and interoperable block chain architecture that can only be accessed with ERD tokens. All activities on the network (that is, providing services such as processing, making smart contracts, identifying, or running a validation node) will be fed by the ERD token. Both beginners and large enterprises will be able to build decentralized applications on top of the Elrond network and integrate Elrond as part of infrastructure solutions for products and services. I would like to remind you once again that the ico sales are still continuing for investors who want to invest. I think you will be interested in this project that will make human life easier thanks to its features. You can review the official website and social media tools. You can find the links for this at the end of my article. In order to follow the project more closely, I recommend you to follow the social media tools closely and also read the simple and uncomplicated whitepaper.
Elrond Website: https://elrond.com
Twitter: https://twitter.com/ElrondNetwork
Facebook: https://facebook.com/ElrondNetwork
Subreddit: https://www.reddit.com/r/elrondnetwork/
Medium: https://medium.com/elrondnetwork
Bitcointalk: https://bitcointalk.org/index.php?topic=4430681.0
White paper: https://elrond.network/files/Elrond_Whitepaper_EN.pdf