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Pedro O. Alvino M. photo
Venezuela
5 Level
886 Review
1576.5 Karma

Review on Elrond by Pedro O. Alvino M.

Revainrating 4 out of 5

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.

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