A scalable value transfer protocol for the digital economy
Elrond is the first highly scalable public blockchain that uses the newly proposed Secure Proof of Stake algorithm in a genuine state-sharded architecture to achieve VISA level throughput and confirmation times of seconds. Elrond’s novel approach on adaptive state sharding improves on Omniledger’s proposal increasing security and throughput, while the built-in automatic transaction routing and state redundancy mechanisms considerably reduce latencies. By using a shard pruning technique the bootstrapping and storage costs are also considerably reduced compared to other approaches.
|Category||Public Chain Infrastructure|
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