Elrond Initiates Cooperation With Holo — A Scalable, Agent-Centric Distributed Computing Platform
June, 2019 — Elrond — the sharding-based public blockchain network is proud to announce a cooperation agreement with Holo, a scalable, agent-centric distributed computing platform utilizing Holochain to run distributed apps with data integrity.
Holo enables a distributed web with user autonomy built directly into its architecture and protocols. Data is about remembering our lived and shared experiences. Distributing the storage and processing of that data can change how we coordinate and interact. With digital integration under user control, Holochain liberates our online lives from corporate control over our choices and information.
Elrond and Holo, aim to explore the potential integration of the two technologies to provide more flexibility and performance to developers and dApps within each ecosystem. Furthermore, Elrond and Holo are also exploring other potential use cases, like providing fast and secure finality via Elrond to payment applications requiring it on Holo.
“We are very impressed with the ingenuity and quality of the Elrond team. We look forward to exploring opportunities to partner through technology, use cases and other opportunities”. David Atkinson, Commercial Director, Holo.
“Elrond is leading the way of public blockchain performance by bringing a radical improvement in throughput capacity and transaction finality. Like Elrond, Holo is creating new tools which complement blockchains and enable new ways of building and running distributed applications. We are happy to partner with the Holo team, and explore synergies between our platforms.” Beniamin Mincu, Co-founder & CEO, Elrond.
About Elrond:
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Elrond is built by a team of experienced entrepreneurs along with 13 engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA. The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team. For more information, visit: https://elrond.com
About Holo and Holochain:
Holochain enables a group of people to run an application with whatever rules they want. The users themselves pick the rules. Want to play by different rules? You can. And anyone else who opts to play by those rules as well can join you. Holochain doesn’t set the rules. Holochain just provides the pattern of enforcement. Using that pattern, the devices of app users perform the actual enforcement of those rules, as well as the storage and serving of content. This is how an application community can experience both freedom and security. This is very different from today’s web, where there is almost always a webserver or a corporation in the middle of every interaction. With Holochain, no one, not even the creators of Holochain, need to be relied upon in order for people to collaboratively run an application. Yet the pattern is able to be used by anyone. It is actually quite simple. And that simplicity is what makes it so powerful.
Holochain is a community of passionate humans building a distributed generalized compute platform. As an open source project, Holochain is built by the collaborative work of many people in ways both large and small. However, in its current nascent phase, most of the support comes from Holo, a company building out the first large-scale use of Holochain: a network for distributed hosting of Holochain applications. For more information, visit: https://holochain.org/
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