Elrond Explained

What’s Elrond and how does it work

Being able to handle a massive amount of transactions in the crypto world, has seemed like a big problem. Investors and traders deal with these really slow transaction speeds and insane gas fees.

Elrond is a public blockchain that offers all the good things blockchain needs and tries to solve this problem, mainly with two key components:

The adaptive state sharding

When it comes to scaling, Elrond has taken a different approach to sharding technology, which is pretty unique. As a result, they created a database optimization method that establishes itself as being one of the leading blockchain-driven solutions.

Most blockchains that have sharding, simply break up their network into a bunch of different pieces, each of which is mini versions of the whole network that check in with a master shard now and then, The adaptive state sharding is similar to Harmony’s effective proof of stake, in which Elrond’s network is broken up into many different shards, and each shard gets a randomized set of validators to produce each block.

The network’s chronology is organized based on a timeline, divided into rounds and epochs.

Rounds are designed to exist within a specific time frame, and in every round, the network selects a new consensus group for a particular shard, then tasks it with making a new block for that shard.