Please, help us get better.
x
Elrond logo
WebsiteBinance Launchpad

Elrond (ELR)

ICO
IEO

Elrond is a solution that implements Adaptive State Sharding as a novel method for scaling permissionless blockchains.

Preliminary tests and simulations show that Elrond brings a three-orders-of-magnitude or 1000x improvement in throughput and processing capacity compared to Bitcoin or Ethereum, effectively out-scaling Visa, as their number one centralized counterpart.

IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Active radiologex Banner Ads 1

Overview

Project industryBlockchain Infrastructure
Product typePlatform
FoundedMalta

Charts

1h24h7d14d30d1y
Price
Market Cap
24h
7d
14d
30d
60d
90d
180d
365d
Max
Unable to load chart data.
Click here to try again

What is Elrond

Abstract - The advent of secure public blockchains through Bitcoin and later Ethereum, has brought forth a notable degree of interest and capital influx, providing the premise for a global wave of permissionless innovation. Despite lofty promises, creating a decentralized, secure and scalable public blockchain has proved to be a strenuous task.

Elrond - a novel architecture which goes beyond state of the art by introducing a genuine state sharding scheme for practical scalability, eliminating energy and computational waste while ensuring distributed fairness through a Secure Proof of Stake (SPoS) consensus. Having a strong focus on security, Elrond’s network is built to ensure resistance to known security problems like Sybil attack, Rogue-key attack, Nothing at Stake attack and others. In an ecosystem that strives for interconnectivity, our solution for smart contracts offers an EVM compliant engine to ensure interoperability by design.

Preliminary simulations reflect that Elrond exceeds Visa’s average throughput and achieves an improvement of three orders of magnitude or 1000x compared to the existing viable approaches, while drastically reducing the costs of bootstrapping and storage to ensure long term sustainability.

Defining the challenges

Several challenges must be addressed properly in the process of creating an innovative public blockchain solution designed to scale:

  • Full decentralization - Eliminating the need for any trusted third party, hence removing any single point of failure;
  • Robust security - Allowing secure transactions and preventing any attacks based on known attack vectors;
  • High scalability - Enabling the network to achieve a performance at least equal to the centralized counterpart, as measured in TPS;
  • Efficiency - Performing all network services with minimal energy and computational requirements;
  • Bootstrapping and storage enhancement - Ensuring a competitive cost for data storage and synchronization;
  • Cross-chain interoperability - Enforced by design, permitting unlimited communication between external services.
  • Starting from the above challenges, we’ve created Elrond as a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable and interoperable. Elrond’s main contribution rests on two cornerstone building blocks:

  • A genuine State Sharding approach: effectively partitioning the blockchain and account state into multiple shards, handled in parallel by different participating validators;
  • Secure Proof of Stake consensus mechanism: an improved variation of Proof of Stake (PoS) that ensures long term security and distributed fairness, while eliminating the need for energy intensive PoW algorithms.
  • Details

    Pre-sales: Mar 25, 2019 - Apr 10, 2019
    Public sales: Jun 22, 2019 - Jul 01, 2019
    IEO (Binance Launchpad): Jul 02, 2019 - Jul 02, 2019
    Total tokens for sale: 20,000,000,000 ELR
    Hard cap: 4,750,000 USD
    Raised: 1,900,000 USD

    Legal

    Blockchain Platform: Ethereum

    Token info

    Ticker: ELR
    Token standard: ERC20
    Token price in USD: 1 ERD = 0.00165 USD
    Accepted currencies: ETH, EUR, BTC, USD

    Elrond Roadmap

    1
    Q2 2018
  • Elrond technical paper
  • 2
    Q3 2018
  • Prototype Launch
  • 3
    Q4 2018
  • Code open source
  • Whitepaper update
  • 4
    Q1 2019
  • Elrond testnet v0.5 initial results
  • 5
    Q2 2019
  • Private testnet launch
  • Consensus & cryptography optimizations
  • Elrond explorer & wallet
  • 6
    Q3 2019
  • Public testnet launch
  • IELE VM integration
  • CryptoBubbles dApp launch
  • 7
    Q4 2019
  • Elrond New Website & Vision
  • Wasm VM, Dev IDE, Debugger, Rust SDK
  • Battle of Nodes & in-depth security audits
  • Elrond Bootstrapping Phase 1
  • 8
    Q1 2020
  • Economic model proposal
  • App in Samsung dApp store
  • Native Elrond wallet
  • Elrond Bootstrapping Phase 2
  • 9
    Q2 2020
  • Governance model proposal
  • Functional payment gateway
  • Elrond Bootstrapping Phase 3
  • 10
    Q3 2020
  • Elrond dApp store
  • Elrond digital identity
  • Elrond name service
  • 11
    Q4 2020
  • DeFi initiatives
  • Privacy research
  • Blockchain Interoperability
  • Project team

    Beniamin Mincu
    Beniamin Mincu
    CEO
    Beniamin Mincu linkedin
    Lucian Todea
    Lucian Todea
    COO
    Lucian Todea linkedin
    Lucian Mincu
    Lucian Mincu
    CIO
    Lucian Mincu linkedin
    Felix Crisan
    Felix Crisan
    HEAD OF RESEARCH
    Felix Crisan linkedin
    Radu Chis
    Radu Chis
    HEAD OF TECHNOLOGY
    Radu Chis linkedin
    Adrian Dobrita
    Adrian Dobrita
    HEAD OF ENGINEERING
    Adrian Dobrita linkedin
    Iulian Pascalau
    Iulian Pascalau
    CORE DEVELOPER
    Iulian Pascalau linkedin
    Sebastian Marian
    Sebastian Marian
    CORE DEVELOPER
    Sebastian Marian linkedin
    Robert Sasu
    Robert Sasu
    CORE DEVELOPER
    Robert Sasu linkedin
    Cristian Corcoveanu
    Cristian Corcoveanu
    CORE DEVELOPER
    Cristian Corcoveanu linkedin
    Andrei Marinica
    Andrei Marinica
    SENIOR SOFTWARE ENGINEER
    Andrei Marinica linkedin
    Camil Ioan Bancioiu
    Camil Ioan Bancioiu
    RESEARCH ENGINEER
    Camil Ioan Bancioiu linkedin
    Andrei Bancioiu
    Andrei Bancioiu
    SENIOR SOFTWARE ENGINEER
    Andrei Bancioiu linkedin
    Beniamin Drasovean
    Beniamin Drasovean
    SOFTWARE ENGINEER
    Beniamin Drasovean linkedin
    Bogdan Rosianu
    Bogdan Rosianu
    SOFTWARE ENGINEER
    Bogdan Rosianu linkedin
    Mihai Iuga
    Mihai Iuga
    SOFTWARE ENGINEER
    Mihai Iuga linkedin
    Radu Paun
    Radu Paun
    SENIOR SOFTWARE ENGINEER
    Radu Paun linkedin
    Adrian Scanteie
    Adrian Scanteie
    SENIOR SOFTWARE ENGINEER
    Adrian Scanteie linkedin
    Constantin Tovisi
    Constantin Tovisi
    SENIOR UX DESIGNER
    Constantin Tovisi linkedin
    Dan Voicu
    Dan Voicu
    HEAD OF COMMUNICATIONS
    Dan Voicu linkedin
    Daniel Serb
    Daniel Serb
    HEAD OF BUSINESS DEVELOPMENT
    Daniel Serb linkedin
    Sever Moldovean
    Sever Moldovean
    PROJECT MANAGER
    Sever Moldovean linkedin
    Andrei Adam
    Andrei Adam
    HEAD OF OPERATIONS
    Andrei Adam linkedin
    Valentin Lup
    Valentin Lup
    SENIOR SYSTEM ADMINISTRATOR
    Valentin Lup linkedin

    Advisors

    Alex Iskold
    Alex Iskold
    BUSINESS ADVISOR
    Alex Iskold linkedin
    Alex Tabarrok
    Alex Tabarrok
    ECONOMICS ADVISOR
    Alex Tabarrok twitter
    Grigore Rosu
    Grigore Rosu
    TECHNICAL ADVISOR
    Grigore Rosu linkedin
    Andrei Pitis
    Andrei Pitis
    BUSINESS ADVISOR
    Andrei Pitis linkedin
    Fabio C. Canesin
    Fabio C. Canesin
    TECHNICAL ADVISOR
    Fabio C. Canesin linkedin
    Ethan Fast
    Ethan Fast
    TECHNICAL ADVISOR
    Ethan Fast linkedin
    Raul Jordan
    Raul Jordan
    TECHNICAL ADVISOR
    Raul Jordan linkedin

    Social media

    Elrond web-siteElrond RedditElrond MediumElrondYouTubeElrond TelegramElrond BTCTalkElrond TwitterElrond FacebookElrond SlackElrond Github

    User rating:

    5/5 ( 1 )
    15

    How To get a verified Project status

    To pass the verification you need to place our logo on the main page of your website and make an announcement of the listing in your social network accounts. Send us the email in reply with confirmation of the link placement.

    Horizontal
    Square
    Light
    Dark
    Height: 50 px
    Width: 160 px

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Top-Rated Crypto Projects