Kadena claim’s they are the first scalable private blockchain ,what about Elrond ?
kadena can be first, but they are not on track and not up to the mark. Elrond is new to the industry, but they are on right track
ELROND
It’s the latest scalable, high performance block chain technology with negligible fees
Elrond has a team where every startup would like to have (Ideal)
As we all know the profitable business find solutions for problems
Lets know what problems elrond will solve
The Problem team erd is going to solve
Censorship resistant protocols are indispensable
After few decades after its invention, the internet has brought compounding improvements in speed and bandwidth of communication, instant access to the world’s knowledge, inovation are booming technology are on the way to moon , and hence, a growing global economic output.
But with the near omnipresent surveillance tools, increasingly potent behavioral impact of technology, and worrying concentration of power in the hands of a few tech giants, the crucial necessity for a new layer of the internet becomes evident. One preserving the instrumental benefits enabled by technology, yet limiting its potentially restrictive inclination by means of decentralization.
Elrond is at the forefront of this major shift in core internet infrastructure, empowering a higher level of social scalability through sovereign digital ownership, data privacy, unstoppable censorship-resistant applications, novel digital economies and governance models.
Solutions for the problems
Innovating technology with applied scale
Elrond is a complete rethinking of public blockchain architecture, especially designed to bring a 1000 x overall improvement by being scalable, efficient and secure while maintaining a sufficiently decentralized setting.
To achieve this we introduce a novel Adaptive State Sharding mechanism, enabling linear scalability as more nodes join the network by parallelizing transaction processing.
On a consensus level we propose a novel mechanism called Secure Proof of Stake, introducing a random selection of the consensus group, stake plus rating as a fitness function for sybil attack prevention, and near-instant finality based on pBFT.
To enable decentralized applications we design Elrond to be EVM and Ewasm compliant, supporting multiple smart contract languages and formal verification.
Kadena
As per kadena’s white paper
The first scalable, high performance private blockchain
they are claiming they are since 2016 august
Scalable Blockchain/Smarter Contracts
Kadena is creating a public blockchain using a new consensus mechanism called Chainweb which offers a scaling solution for a Proof of Work consensus based chain system
Problems kadena felt at the time they started working
*The blockchain space is moving at an incredibly rapid pace. With the constant development of second layers and dApps, the platforms suffer congestion and long transaction delays due to issues with scalability.
*Moreover, efforts that seek to replace PoW with new consensus models like Proof-of-Stake (PoS) or integrate the protocol with off-chain networks and processes (payment channels, side chains) degrade the assurance, censorship resistance, and trustless nature of the original PoW design.
*Therefore the space is currently at a state of uncertainty in terms of where to balance mass volume usage (necessary for mass public adoption) and security.
Solution they are finding
*To resolve these current limitations of PoW we they presented Chainweb, a parallel chain PoW architecture that combines hundreds or thousands of individually mined peer chains into a single network, capable of achieving throughput in excess of 10,000 transactions per second 10K TPS
*Proof-of-Stake (PoS) or integrate the protocol with off-chain networks and processes (payment channels, side chains) trustless nature of the original PoW design
*Unlike other platforms proposed form of consensus, , which intends to produce roughly 1,000 different chains eventually for public use.
*With multiple parallel chains working simultaneously, if specific chains are congested by a dApp.
*Kadena’s solution gives every chain the primary chain functions, thus not a side-chain approach to solving scalability.
The team has many goals, but they are not achieving them, they may be first with technology , but they are not on track they are moving like a snail I hope
