Review on Elrond by Pedro O. Alvino M.
Scalable platform with secure proof of stake.
Elrond developed to meet the three needs of a cryptocurrency project, has an architecture based on a secure proof of stake protocol, which can be used in basic computers without the need to require high equipment and expensive hardware, in addition to possess a genuine focus on state fragmentation
Unlike other projects, Elrond integrates its own virtual machine, as well as Ethereum, capable of executing smart contracts written in various programming languages that can be compiled to WebAssembly, in addition each smart contract has a fragmented architecture with load balanced in fragments.
The scalability within the Elrond network developed to a degree until the launch of its mainnet in July, in which it offered good results on the network, however, in terms of its currency, it has not generated a good performance in the market.
Pros
- Designed as a dynamically adaptive sharding mechanism that enables shard computation and reorganization based on need and the number of active network nodes.
- Introduces a latency-reducing enhancement that allows each node in the shard to determine the members of the consensus group
- Currently the network has high throughput of up to almost 15,000 transactions per second.
- Does not require specialized hardware to provide high performance on the network.
- Integrate your own virtual machine and Arwen WASM VM
Cons
- Mainnet just launched.
- You have suffered great volatility of your currency after the change of denomination of your currency.
