Review on Elrond by Robiul Islam

Name: Elrond
Item: Elrond
Rating: 4

September 28, 2019

A Scalable Value Transfer Protocol for the Digital Economy.

Elrond's ability to serve multiple disciplines and deliver interoperability for decentralized applications is much more exciting and, in the long run, more important if we look at decentralized applications to mainstream audiences. Right now the scene in Dapp is fragmented, slow and in the hands of most developers.
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Main factor is why the team behind Elrond goes unique against projects that are so focused on the place. Benjamin Minku (CEO) was previously part of the NEM core team, where he led business, marketing and community efforts for 1,5 years, helping to bootstrap the NEM blockchain from a concept to a global product. Lucian Minku (CIO) is a skilled infrastructure engineer with 8 years of experience in developing end-to-end startup products, including 8 years of experience in designing and applying highly technical yet comprehensive infrastructure and network solutions for large enterprise clients such as the German state.
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Some of the partnerships they have ensure are very captivating. While I’d love to see some decentralized applications running on Elrond.
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This is an incredible long-term hold that can pay off as the project develops further in the future. Stacking (rewards) is available on the network, making it very attractive to long-term holders and recipients of a passive income source in exchange.
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Pros

It is fast mover project in the competition to provide developers and decentralized applications with platforms that can serve tens of thousands of users simultaneously while maintaining network security in the most efficient way. They have arrived at a time where blockchain performance is in dire need of innovation and ready to show what they can do.
They gained a speed of up to 3,750 transactions per second on a single shard in their testnet.
They're so assured in technology that they include a section on their website that positions itself against current solutions such as Ethereum, Zilliqa and Algorand.

Cons