HELLO people ,
welcome lets talk about elrond again ,
Ethereum is becoming the most favorite
platform for investors and developers but ethereum platform have many "home works"
yet to be done. the problem of transfer , is one of the most issue in
ethereum network
you know ... gas fee , smart contract interactions network clogging etc
the reconfiguration of shards inside epochs and the random choice of validators
inside rounds discourages the introduction
of unfair coalitions, reduces the prospect of DDoS and bribery strikes while preserving
decentralization along with a high trades throughput.
Elrond will function a consensus protocol
which belongs to a category of gossip-based protocols and also can be supported
by a publication Proof of Stake mechanism.
The storage issue becomes addressed by Elrond's staff in that a large throughput system will
cause a dispersed ledger that quickly grows in size and boost bootstrapping prices (period + storage). We move forward, keep delivering and the market will reflect that eventually. Right now everyone is taking a beating. This is bow crypto works short term.
The sooner everyone shifts focus on execution, real progress and measures that, the better it will be.
The prices are dealt with in the Elrond alternative
by using pruning algorithms, which may summarize the blockchain
complete condition in a more hierarchical arrangement.
The pruning mechanism is much like the secure checkpoints
in pBFT and moisturizes the whole ledger state.
The system also takes on to enhance the Omniledger algorithm,
with the elastic approach on condition sharding,
a quicker random choice of the consensus group and
a better security by substituting the validators' setup
after each round
So elrond team sees this problem as a challenge
and they build a platform from a scratch to overcome the biggest problem of cryptocurrency
networks which is transfering issue .but not only that , elrond network will be expand
to match ethereum platform functions
only ofcourse , it will be better faster and reliable
With way way more advance technology than we can imagine before
The team of elrond keep pushing their limit to develop the project to its fullest potential
and target .with outstanding updates report to its community
Elrond has a big vision with breakthrough technology up and running, and great execution! Nothing can beat that in terms of results. We need to keep focus on this and remind ourselves that the market will reflect that at some point.
Price is a function of supply and demand. Once performance is in place and adoption comes, demand should far exceed supply. Staking further reduces supply to secure the network.
Bitcoin was once at 1 cent, and mining was increasing supply each day. Still we know what happend to its price. But it took a lot of time, and work, and real progress.
Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands.
Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).
Max Supply the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.
As a result, Team do not consider tokens that are held by the team, privately allocated to big investors or put away for future use (marketing, bounty programs, ecosystem development etc) as part of circulating supply because they were never technically available to the public. This is regardless of whether the tokens are "unlocked", able to be traded, or will be distributed in the future.
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TESTNET WALLET : https://testnet.elrond.com
WEBSITE : https://elrond.com/
GITHUB : https://github.com/elrondnetwork
Elrond Network - Community : https://t.me/ElrondNetwork
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Author : azisjesika