Review on Elrond by Özgün A
A project that stands out with its innovative technologies
Elrond is a crypto money project created with blockchain technology that is easily accessible to both small and large investors.
The Elrond project stands out with three features:
- To realize smart contracts faster, more efficiently and in a way that solved the scalability problem.
With Elrond, investors, validators, entrepreneurs and users access the digital economy created on the blockchain faster.
Some of Elrond's features are;
1) Adaptive state splitting: Thanks to this algorithm, parallel operations can be performed on the chain. It is 1000 times more efficient than a normal process.
2) Secure proof of guarantee: A common security area is created by running PoW and PoS algorithms simultaneously.
3) Multiple virtual machine engines: Smart matches are automatically created between these virtual machines, enabling transactions to be performed very quickly. An abstraction layer is available on these machines.
Elrond is seen as a promising project. That's why many big investors signed business partnerships. The transaction volume on GitHub is quite high.
Pros
- The project is very clear and straightforward
- The road maps are clear and you can see their plans for the future
- They use new generation technologies. The harmonious operation of PoS and PoW algorithms is a great success
- Has achieved a very rapid growth
Cons
- -
