The Palm Tree Network joins Elrond as Genesis Launch Partner & Staking Provider
Elrond is ready to provide the internet with the layer of trust it needs, at the speed it requires it. Our technology attracted an important ecosystem of partners and the attention of the crypto space. That is because the hard work of the Elrond team was supported by our community.
The capabilities of the Elrond blockchain are constantly demonstrated on the public testnet operated by a network of enthusiast validators. It started with a small group on Riot and has reached hundreds of members. Their constant support and commitment of time, energy and resources have helped Elrond get where it is today.
The Palm Tree Network team has been a constant presence in the validator community, have contributed feedback and suggestions to the team, support to other members and even valuable tutorials for all to use, like their recent monitoring guide.
Elrond is therefore happy to announce that The Palm Tree Network will extend their development and bootstrapping support beyond the Elrond Mainnet.
“Battle of Nodes helps us discover more than just bugs in the code. It is an opportunity for our community to prove their knowledge, commitment and willingness to help us and each other. The Palm Tree Network team were amongst those who stepped up to the challenge in a very good way. We feel confident and proud to entrust them with operating nodes at Genesis.” said Lucian Mincu, Elrond CIO
“We were drawn to the Elrond network by their vision to make blockchain simple to use. We were happy to discover a solid technology core and an exceptional group of people gathered around it. We knew right away that we wanted to join and we’re very excited about the scope of our collaboration.” said Jose F. Aznar, The Palm Tree Network CEO
About The Palm Tree Network
The Palm Tree Network brings secure and high performing nodes to quality Proof of Stake projects. Its priority is to give rewards regularly to its delegators letting them maximize their passive income. The Palm Tree Network works with a total of 10 data centers spread worldwide to ensure reliability and performance for its customers. The firm carefully selects the most innovative blockchains and always contributes to the community, helping create real value in the ecosystem.
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.
