Here is a detailed explanation of differences between Zilliqa and Elrond:

Elrond does horizontal scaling with State Sharding, while Zilliqa only does network and transaction sharding.

Zilliqa tries to solve scalability by addressing half of the problem, and that is by doing network and transaction sharding - so it improves somewhat the scalability and the network can process about 2500 TPS (2828 TPS with 3600 nodes). The network sharding is not optimal however as all the shards still need to synchronize the entire state of the system leading to communication overhead. It does not solve the hardest part of the problem which is state sharding.

Having no State Sharding basically means for Zilliqa that every node in the network has to store the entire state of the blockchain. In very high throughput blockchains the storage requirements grow very fast. A validator needs some special hardware to keep up with this kind of demand. Elrond solves the storage problems, by also sharding state, so that every node in the network has to store just a part of the entire state, the one corresponding for its shard.

Zilliqa still uses PoW in order to prevent Sybil attacks, while Elrond uses PoS, a much more energy-efficient way to prevent Sybil attacks. Ziliqa PoW validator is required to have special hardware to run a node and it only runs in Ubuntu OS. Elrond validator has low system requirements and runs on Windows, Linux and Mac as well.

Zilliqa stores all the Smart Contracts in a single shard, while Elrond will distribute Smart Contracts among all shards in order to be able to parallelize Smart Contract execution.

More comparisons can be found here:
https://docs.elrond.com/detalied-comparative-analysis/elrond-vs.-zilliqa



Yes, you can check the testnet running live and exceeding 10k TPS with only 5 shards: testnet.elrond.com





Mod note: merged multiple posts in a row into one

To clarify, elrond is a completely new and independent blockchain architecture, it will not run on ethereum or other platforms.

Still, we will likely launch with an erc20 token first and do a token swap once the mainnet is launched.

Sure, please take a look at www.elrond.com

This is the official thread to follow: https://bitcointalk.org/index.php?topic=4430681.20

We will publish some notes on token distribution during December.

Yes, this should be the case. Will probably make some clear announcement in December as we announce the testnet launch.

Be sure to follow our official thread of latest announcements: https://bitcointalk.org/index.php?topic=4430681.20

There are no public and decentralized blockchains that can process 1m TPS. Note we are not speaking of permissioned versions here. Most of the things you read are inflated marketing gimmicks, or outright BS. In fact, we have published a special section in our latest technical update on how to detect BS sold by some blockchain projects: https://medium.com/elrondnetwork/elrond-technical-progress-update-some-talk-about-it-we-build-it-3-2c556355d3ae

"To understand how ridiculous latest performance claims have become, let’s assume that a transaction is 0.3 KB in size and we could process 1 million transactions per second.

Each second we would generate 300MB of transaction data that would need to be synchronized across shards/the network. Additionally, other data like blocks (headers, receipts, signatures, tx hashes), consensus messages, requests/responses for synchronization of new nodes would impose even more overhead on communication.

    Without sharding, every node would have to synchronize all this information (>300MB) each second. Newly added nodes would need to have a bandwidth much greater than 300MB/s in order to catch up to the current state.(!)

An approach where not all sharding types (network, transaction and state) are combined, would have a small improvement on communication and storage requirements. 300 MB/s would translate to 17.58 GB/min, ~ 1054.6 GB/hour and ~ 25312.5 GB/day. This would mean that at least 3Gbps network is required, but for desynchronized nodes definitely more. The huge requirements for network speed, processing power and storage lead to centralization."

Moving beyond this what we have demonstrated is that we can do linear scalability, so 10k TPS is not the upper limit, but rather a significant point at which scalability will be considered solved, and people will be able to focus on building stuff to leverage that kind of speed and infrastructure.

Seems on point. Security is critical and decentralization is a necessity. The challenge lays in creating a platform with high throughput while assuming adversarial behavior and decentralization.

After we have speed for payment transactions, we will have that also for smart contracts.

Hopefully being able to implement some privacy features subsequently.

We've just published our first relevant partnership.

Elrond Initiates Cooperation With Leading Payment Provider NETOPIA Payments: https://medium.com/elrondnetwork/partnership-announcement-elrond-initiates-cooperation-with-leading-payment-provider-netopia-223e7c9217b5

Fair point!

We've just published a new announcement on that front now.

Elrond Initiates Cooperation With Leading Payment Provider NETOPIA Payments: https://medium.com/elrondnetwork/partnership-announcement-elrond-initiates-cooperation-with-leading-payment-provider-netopia-223e7c9217b5

Utility is key for us, but without an efficient technical architecture, you can add too little of it.

With Elrond, we've built a very compelling architecture and will continue to make some important announcements during adding to its utility in the next couple of weeks.

Thank you for your effort!

Elrond is a complete rethinking of public blockchain architecture, solving scalability through adaptive state sharding, efficiency through secure proof of stake, and will enable EVM compliance by design. Elrond attempts to bring a 1000x improvement compared to the current status quo, aiming for 10,000 TPS, low latency, and minimal fees.
 
Abstract: The advent of secure public blockchains through Bitcoin and later Ethereum, has brought forth a notable degree of interest and capital influx, providing the premise for a global wave of permissionless innovation. Despite lofty promises, creating a decentralized, secure and scalable public blockchain has proved to be a strenuous task. This paper proposes Elrond, a novel architecture which goes beyond state of the art by introducing a genuine state sharding scheme for practical scalability, eliminating energy and computational waste while ensuring distributed fairness through a Secure Proof of Stake (SPoS) consensus. Having a strong focus on security, Elrond’s network is built to ensure resistance to known security problems like Sybil attack, Rogue-key attack, Nothing at Stake attack and others. In an ecosystem that strives for interconnectivity, our solution for smart contracts offers an EVM compliant engine to ensure interoperability by design. Preliminary simulations reflect that Elrond exceeds Visa’s average throughput and achieves an improvement of three orders of magnitude or 1000x compared to the existing viable approaches, while drastically reducing the costs of bootstrapping and storage to ensure long-term sustainability. - https://elrond.com/files/Elrond_Whitepaper_EN.pdf

We've just published our latest version of the paper and are curious to hear some feedback. More info here: https://bitcointalk.org/index.php?topic=4430681.msg48270875#msg48270875

Hey guys, we've just updated everything regarding Elrond. https://bitcointalk.org/index.php?topic=4430681.msg39548730#msg39548730

New whitepaper, open source prototype, new website - and everything rewritten from scratch.

I would be very curious to get some feedback from bloodierookie, jaguar or gimre on Elrond's paper as I think there are lots of things there that could be useful to NEM there.

Technical paper: https://elrond.com/files/Elrond_Whitepaper_EN.pdf

Yes, lots of new updates available. We'll keep them coming on bitcointalk as well.

By the way here's our latest newsletter: bit.ly/2FGTcoZ

Hey guys.

Here is a very long and substantive update on what we've been working on with Elrond: https://medium.com/elrondnetwork/elrond-technical-progress-update-some-talk-about-it-we-build-it-3-2c556355d3ae

In it you'll find:

• - our new whitepaper update: https://elrond.com/files/Elrond_Whitepaper_EN.pdf
• a more detailed architecture highlight and evolution
• first release of our initial prototype which is now open source: https://github.com/elrondnetwork
• new website rebranding and migration to www.elrond.com

Curious to hear thoughts and feedback!

Indeed, we are progressing quite well and will likely have a working testnet in about one month or so.

Will keep things posted here.

Hey Rigel, how's it going?

You can take a look at our team here: www.elrond.network - we are currently 11 people and will add another 2-3 people pretty soon.

Though right now our focus is on launching our prototype.

Hello Nemsters,

As one who has been with NEM from the very beginning and has helped bootstrap this ecosystem and community, I am quite glad to see things continuously improved and taken thus far. I am particularly impressed with the work and determination of Jaguar, Gimre and Bloodie Rookie. Keep it up guys!

Just wanted to mention that we've emerged from stealth mode with Elrond: world’s first high throughput blockchain platform implementing Adaptive State Sharding and Secure Proof of Stake.

You can take a closer look at our new thread here: https://bitcointalk.org/index.php?topic=4430681.msg39548730#msg39548730

Nemsters are always welcome there and feedback is well appreciated.

Hey there. No bounties for now.

Thanks for the note. Advisers will be added quite soon.

Hey ParideDannio. What do you mean by departure? Official mainnet launch? If so, then yes, but the current timeline is very preliminary and will be updated as soon as we release our prototype.

Coins will be distributed through an ICO, but no details about this are available yet. Right now our whole focus is on releasing Elrond's prototype.