Human history is developing very fast thanks to the intensive work of scientists and the technology they develop. Every new invention found provides great innovations and conveniences in our lives. Our living standards and quality also change positively. Thanks to the Internet, we are able to perform most of our transactions, including banking and finance, in digital form. Like all new inventions, when the internet was first used, no one could think of a world without internet today.
Artificial Intelligence (AI), which is one of the major innovations of technology in recent years, gives us many advantages in developments such as Internet of Things (IoT), Robotics Technology and Blockchain Technology. With our projects and devices developed with these technologies, our lives become easier. Blockchain Technology, which is one of these developments, is used in many sectors thanks to its advantages such as high security, transparent structure, fast and decentralization. Successful projects developed using Blockchain technology provide solutions to many problems. The digital assets of these successful projects, Crypto offers us various alternatives in the financial sector.
Bitcoin, which we met in the financial sector about 10 years ago, and other crypto coins that follow it, have reached a great market value today. It will contribute to the development of a financial system that will reduce the dependence of the financial sector on reserve money. As with other innovations, deficiencies are detected and eliminated in this platform over time. I would like to tell you about a new project that I believe will make a great contribution to this platform, the name of this project is ELROND. More detailed information about the project Elrond Network access the internet address or whitepaper are available from the technical investigation report.
Elrond develops solutions to block problems on blockchain-based platforms and focuses on efforts to significantly increase the speed of the entire ecosystem, such as scalability, efficiency and compatibility. The Ethereum network, which is currently used in the crypto currency infrastructure, no longer meets the demand for blockchain services. Elrond refine everything from scratch to achieve a 1000-fold improvement in production, application speed and process cost. After the test phase, a platform will be developed which will create a Network that will reach bigger goals.
The main advantages of the Elrond blockchain over its competitors are that developers have implemented a new consensus algorithm called Secure Proof of Proof. A reliable proof of ownership, the SPOS system allows you to completely eliminate the mining process and eliminates the need for expensive equipment for mining mathematical calculations, as well as the cost of energy.
Token Information
Beniamin Minku, co-founder and organizer of the project, brought together experts who were ready to actively work in this direction and without protecting themselves. Since all of these people are persistent crypto enthusiasts who have led all their previous experiences and creativity to the creation of the future Elrond platform, they have had no difficulty in solving known problems. Beniamin Minku stressed that their main task is to create a platform that will not bring a gradual or temporary improvement in scaling, but will make a real breakthrough in this area.
Road Map
Nowadays, crypto currency trade has become widespread and new developments in this field have been happening rapidly. Recently, new projects are being developed for crypto coins that we will use in daily life like other Fiat currencies. As the projects increase, problems arise. Functionality, processing speeds and the number of transactions per unit time are constantly increasing. I think that Elrond Network project developed for this and similar problems will contribute to Blockchain infrastructure. I anticipate that the project will help the development of the market successfully. You can find out the answers to all the questions you may have about the project by clicking the links below. After your research, you can decide to participate in the project.
More information on the project Elrond Network please visit their website listed below:
WEBSITE: https://elrond.com/
WHITEPAPER: https://www.elrond.network/files/Elrond_Whitepaper_EN.pdf
ANN: https://t.me/ElrondNetworkAnn
TELEGRAM: https://t.me/ElrondNetwork
TWITTER: https://twitter.com/ElrondNetwork
FACEBOOK: https://facebook.com/ElrondNetwork
MEDIUM: https://medium.com/elrondnetwork
Author
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