ELROND is an ETHEREUM killer? A highly scalable, fast and secure
Source Twitter Beniamin Mincu ⚡
@beniaminmincu : "
Elrond has come far, we’ve reached milestones which set Elrond on a unique, challenging and revolutionary trajectory.
But what are we really aiming for?
What’s next for Elrond network, Maiar and eGold?
Important context thread below
CONTEXT
The level of complexity in building one of the most advanced blockchain architectures to date, and improving everything 1000x in throughput, execution speed, and transaction cost, compared to iterations like BTC or ETH, is painfully challenging yet immensely gratifying.
Attempting to simultaneously build an innovative, simple and delightful user interface, that seamlessly integrates with this architecture to offer global near-instant transfer of value at negligible cost, amplifies the difficulty level considerably.
Now, designing a new economic model on top, that elegantly connects the two, offering a superior and complementary digital economy to the current world economy, is a remarkable challenge in itself. Doing all 3 at once, is something only a ferociously resourceful team would attmpt
But Elrond would not be here today without the heroic contribution and support from our community. In fact, all progress we've made is a close collaboration between super passionate people aiming for the same goal. Thank you for being here every step of the way.
ZOOMING OUT
It's easy to get distracted and lose sight of the big picture with all the noise and impulsiveness in the crypto space. It's also hard to communicate in simple terms & deadlines when all pieces are interconnected moving parts that necessarily change on a daily basis
The best we can do is push as hard as we can, adapt as fast as needed, and take time to constantly communicate and update our community as we make progress.
So today is a great day to zoom out, look at the big picture, see where we are, and clarify the immediate next steps.
Elrond's mission is to (1) create a global, transparent, near-instant, non-inflationary financial system, and (2) give anyone, anywhere, easy access to it.
For 3 years we've been building a powerful solution to address the first part of the mission. The solution is a high bandwidth, low latency, high security, low-cost blockchain network, that can accommodate transactions and value exchange at the internet scale.
The solution is LIVE NOW, and can process above 15.000 transactions per second, with 6-second latency, and $0.001 transaction cost. This will radically transform the way we exchange value, just as broadband internet transformed the way we communicate.
Adding value to that, we have announced more than 60 collaborations and partnerships to aggressively expand the Elrond ecosystem, adding significant utility, increasing outreach, and enabling applications to leverage the Elrond technology.
WHAT'S NEXT FOR ELROND NETWORK
1. With all security parameters met, the Elrond wallets will be enabled next week and everyone will be able to start exchanging value, near-instantly and at a negligible cost, on the native Elrond mainnet.
MAIAR VISION
For more than one year, we've been working on Maiar: the simplest and most powerful financial app, enabling easy, global, and inexpensive crypto & money transfers, to anyone with a mobile phone. With Maiar, we aim to open the digital economy to 1 Billion people.
(...))"
GO ELROND
An Elrond fan
@beniaminmincu : "
Elrond has come far, we’ve reached milestones which set Elrond on a unique, challenging and revolutionary trajectory.
But what are we really aiming for?
What’s next for Elrond network, Maiar and eGold?
Important context thread below
CONTEXT
The level of complexity in building one of the most advanced blockchain architectures to date, and improving everything 1000x in throughput, execution speed, and transaction cost, compared to iterations like BTC or ETH, is painfully challenging yet immensely gratifying.
Attempting to simultaneously build an innovative, simple and delightful user interface, that seamlessly integrates with this architecture to offer global near-instant transfer of value at negligible cost, amplifies the difficulty level considerably.
Now, designing a new economic model on top, that elegantly connects the two, offering a superior and complementary digital economy to the current world economy, is a remarkable challenge in itself. Doing all 3 at once, is something only a ferociously resourceful team would attmpt
But Elrond would not be here today without the heroic contribution and support from our community. In fact, all progress we've made is a close collaboration between super passionate people aiming for the same goal. Thank you for being here every step of the way.
ZOOMING OUT
It's easy to get distracted and lose sight of the big picture with all the noise and impulsiveness in the crypto space. It's also hard to communicate in simple terms & deadlines when all pieces are interconnected moving parts that necessarily change on a daily basis
The best we can do is push as hard as we can, adapt as fast as needed, and take time to constantly communicate and update our community as we make progress.
So today is a great day to zoom out, look at the big picture, see where we are, and clarify the immediate next steps.
Elrond's mission is to (1) create a global, transparent, near-instant, non-inflationary financial system, and (2) give anyone, anywhere, easy access to it.
For 3 years we've been building a powerful solution to address the first part of the mission. The solution is a high bandwidth, low latency, high security, low-cost blockchain network, that can accommodate transactions and value exchange at the internet scale.
The solution is LIVE NOW, and can process above 15.000 transactions per second, with 6-second latency, and $0.001 transaction cost. This will radically transform the way we exchange value, just as broadband internet transformed the way we communicate.
Adding value to that, we have announced more than 60 collaborations and partnerships to aggressively expand the Elrond ecosystem, adding significant utility, increasing outreach, and enabling applications to leverage the Elrond technology.
WHAT'S NEXT FOR ELROND NETWORK
1. With all security parameters met, the Elrond wallets will be enabled next week and everyone will be able to start exchanging value, near-instantly and at a negligible cost, on the native Elrond mainnet.
MAIAR VISION
For more than one year, we've been working on Maiar: the simplest and most powerful financial app, enabling easy, global, and inexpensive crypto & money transfers, to anyone with a mobile phone. With Maiar, we aim to open the digital economy to 1 Billion people.
(...))"
GO ELROND
An Elrond fan
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