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What is Elrond Network?
Elrond introduces a novel blockchain architecture which goes beyond state-of-the-art and is designed for practical scalability via Adaptive State Sharding and Secure Proof of Stake (SPoS). On the one hand our solution offers scalability while preserving security and decentralization; on the other it ensures large scale efficiency and sustainability by eliminating intensive PoW energy and computational waste. Last but not least, we believe interoperability to be instrumental for the future of the blockchain ecosystem, hence we design Elrond to be EVM compliant and cross-chain interoperable.
What are the value drivers behind the token price of ERD?
The main value drivers behind ERD are the underlying technical solutions, such as Secure Proof of Stake and Adaptive State Sharding. The Elrond ecosystem consists of multiple different layers that add value to users of the ecosystem.
What is the value proposition of Elrond Network?
Elrond is a complete rethinking of public blockchain infrastructure with following benefits:
- High Scalability – Comparable or surpassing throughput as to centralized counterparts
- Efficiency – Performing all network services with minimal energy and computational requirements
- Robust Security – Enabling secure transactions and maintaining security in face of attacks
- Cross-chain interoperability – Enforced by design, permitting unlimited communication between external services
Published first on ICO Scroll ICO Scroll : https://icoscroll.com/elrond-network-erd-ico/