The sharding project Elrond main network has been officially launched

Rhythmed BlockBeats message, slice project & NBSP; Elrond  Official news, the main network has been launched on the evening of July 30. & have spent

It is understood that Elrond is a new blockchain architecture and the first SPoS common chain capable of running intelligent contracts. It innovates to combine adaptive state sharding technology to enhance scalability, aiming to provide underlying value transfer protocol for the digital economy. Test network TPS over ten thousand, with high throughput, low cost characteristics. Elrond introduces two key innovations: a new adaptive state sharding mechanism and a secure Stake (PoS) proof algorithm that achieves linear extensibility through a fast, efficient, and secure consensus mechanism. The Elrond can handle more than 10,000 transactions per second (TPS), has a 5-second delay and negligible cost, and seeks to become the backbone of a permissibler-free, borderless, and globally accessible Internet economy.

Elrond was founded in 2017 and made its public debut in early 2018 as coin safe 2019 & NBSP; Launchpad project: The initial two rounds of financing, in which the number of private scrip accounts for 19%, the price is 0.0005 RMB, the financing is 1.9 million USD, and the private placement has the segway unlocking mechanism; In addition, the IEO round was priced at 0.00065 US dollars, raising a total of 3.25 million US dollars and raising a total of 5.15 million US dollars in two rounds. & have spent

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