Elrond

What is Elrond?

Elrond is a high-througput public blockchain focused on providing security, efficiency, scalability, and interoperability by employing two key elements. Adaptive State Sharding and a new (SPOS) Secure Proof of Stake consensus mechanism. (explain further on their whitepaper) https://elrond.com/files/Elrond_Whitepaper_EN.pdf

Elrond focuses on combining 3 key innovations

1. Adaptive State Sharding — transaction, data & network sharding +shard merges and shard splits in real time
2. Secure Proof of Stake — stake for sybill prevention + random reshuffling of the consensus group + fast BFT like consensus
3. Formally verified VM & Smart Contracts on sharded architecture with balance nodes on shards

Other Features

• Security with 99% malicious actors using fisherman challenge
• Consensus in two communication rounds with modified BLS multi-signatures
• Low system requirements
• Testnet live, exceeding 12k+ TPS with just 5 shards
• Secure randomness beacon with BLS signing

Token Sale Details Held on Binance

• Token Name: Elrond (ERD)
• Hard Cap: 3,250,000 USD
• Total Token Supply: 20,000,000,000 ERD
• Total Tokens Allocated to Binance Launchpad: 5,000,000,000 ERD (25% of Total Token Supply)
• Public Sale Token Price: 1 ERD = 0.00065 USD (price in BNB will be determined prior to the lottery draw date)
• Token Sale Format: Lottery
• Max Number of Winning Lottery Tickets: 10,833
• Allocation Per Winning Ticket: 300 USD (461,538.46 ERD)
• Supported Sessions: BNB only
• Elrond (ERD) will be issued on Binance Chain as a BEP2 asset.

Team background

Elrond is built by a team experienced entreprenuers, engineers and researchers with significant technical experience at Microsoft, Google, Intel, NTT. a PhD in CS, and blockchain backgrounds, including being previously part of the NEM core team.

Partners

Exchanges

Elrond (ERD) price, charts, market cap, and other metrics | CoinMarketCap