Re: 🔥🔥🔥 [ANN] Elrond - Sharded layer one protocol with near instant TX speed
Elrond Network AMA on BitMax.io Official English Channel, 20th August 2019
This article is recorded by Randy Aranta Lika
READ FULL >>>>> HERE
On the 20th August 2019, Elrond Network held an AMA on BitMax.ios official English Channel after Elronds listing announcement on BitMax.io. This AMA highlights Elrond Networks rapid growth, partnerships, vision, and future plans as the projects mainnet launch is closing by.
Heres the AMA conversation on @bitmaxioenglishofficial s Telegram channel :
BitMax Admin : Great to have @beniaminmincu the CEO of Elrond joining us here today. As you all know, ERD was recently listed on the platform and the BitMax team is super excited to establish a synergistic relationship with Elrond as it continues to expand network value.
Ill let Beniamin kick things off with a quick personal introduction before giving us some background on the project before we open things up for Q&A.
Beniamin Mincu : Hey guys. Really great to be here
Thrilled to have Elrond listed on Bitmax and sharing more info with all of you.
Heres a brief version of how it all started.
I stumbled into bitcoin sometime in 2013 and joined the NEM core team in 2014 to lead product, marketing, and community, helping take the project from a Bitcointalk post to a global billion dollar product. I have co-founded Metachain Capital to invest in ambitious founders solving critical blockchain problems and also started ICO Market Data with my brother to streamline investment expertise.
As it became clear that scalability was perhaps the most pressing problem in the blockchain space, I saw no one was really solving it properly and had a clear intuition on how a really compelling solution would look, but needed to test it against the brightest technical minds I knew and see what I was missing.
So, together with my brother we gathered some of our smartest technical friends, and had several in-depth discussions about this. The discussions continued for about a 1.5 months, when it became clear we had a really significant breakthrough. This is how Elrond began, and the point when we started working on formalizing the first fully state sharded proof of stake architecture.
The rest, as they say, is history 🙂
To clarify: Elrond is a new blockchain architecture, designed from scratch to bring a 1000x cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
We have built Elrond with great team of experienced entrepreneurs along with 13 engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA. The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.
Weve come a long way since Oct 2017, and the future of Elrond looks more promising then ever before.
BitMax Admin : Shall we open things up for question?
<> READ FULL >>>>> HERE
This article is recorded by Randy Aranta Lika
READ FULL >>>>> HERE
On the 20th August 2019, Elrond Network held an AMA on BitMax.ios official English Channel after Elronds listing announcement on BitMax.io. This AMA highlights Elrond Networks rapid growth, partnerships, vision, and future plans as the projects mainnet launch is closing by.
Heres the AMA conversation on @bitmaxioenglishofficial s Telegram channel :
BitMax Admin : Great to have @beniaminmincu the CEO of Elrond joining us here today. As you all know, ERD was recently listed on the platform and the BitMax team is super excited to establish a synergistic relationship with Elrond as it continues to expand network value.
Ill let Beniamin kick things off with a quick personal introduction before giving us some background on the project before we open things up for Q&A.
Beniamin Mincu : Hey guys. Really great to be here
Thrilled to have Elrond listed on Bitmax and sharing more info with all of you.
Heres a brief version of how it all started.
I stumbled into bitcoin sometime in 2013 and joined the NEM core team in 2014 to lead product, marketing, and community, helping take the project from a Bitcointalk post to a global billion dollar product. I have co-founded Metachain Capital to invest in ambitious founders solving critical blockchain problems and also started ICO Market Data with my brother to streamline investment expertise.
As it became clear that scalability was perhaps the most pressing problem in the blockchain space, I saw no one was really solving it properly and had a clear intuition on how a really compelling solution would look, but needed to test it against the brightest technical minds I knew and see what I was missing.
So, together with my brother we gathered some of our smartest technical friends, and had several in-depth discussions about this. The discussions continued for about a 1.5 months, when it became clear we had a really significant breakthrough. This is how Elrond began, and the point when we started working on formalizing the first fully state sharded proof of stake architecture.
The rest, as they say, is history 🙂
To clarify: Elrond is a new blockchain architecture, designed from scratch to bring a 1000x cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
We have built Elrond with great team of experienced entrepreneurs along with 13 engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA. The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.
Weve come a long way since Oct 2017, and the future of Elrond looks more promising then ever before.
BitMax Admin : Shall we open things up for question?
<> READ FULL >>>>> HERE
https://ELROND.com - A scalable value transfer protocol for the digital economy (10k tx/sec - minimal latency - negligible fees)
