ELROND - Next Generation Blockchain Architecture

Hello everyone, lor Yuliya and this is the fifth, final article from the series of reviews on the promising blockchain platform-Elrond.

For those who do not know, Elrond is a blockchain platform with the implementation of the sharding Protocol, capable of processing over 10,000 transactions per second, and using the SSC consensus mechanism and a network of distributed validators to confirm transactions and form blocks.

I have already devoted 4 articles to this project, ER ERD, Economics and technology, El elrond. Today I wanted to touch upon, shall we say, the legal side of the issue.

DOE and listing on the Binance exchange

Binance crypto currency exchange is one of the most authoritative and respected in the modern market. And the coins that conduct the DOE on their Binance launch site are certainly more trustworthy than those that conduct the usual ICO or DOE on other exchanges, since in this case Binance acts as an intermediary, and, putting its impeccable reputation at stake, confirms that this project is promising and honest from their point of view.

In addition, personally, the CEO of Binance Changpeng jao in his blog spoke positively about this project, which also inspires confidence.

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Project team

El Elrond immediately say is quite large 18 people + 7 consultants and advisors. However, given the amount of work that they are going to perform-it is quite logical.

Of those employees who immediately attracted my attention, I would like to note:

The General Director of the project is Benjamin Mincu, who until
in 2010 he led the development of the crypto currency platform NEM,
which is now on the 23rd place in the ranking of all crypto currencies.
The technical consultant is Raul Jordan, who is
ethere Ethereum Foundation Ethereum Foundation – this
clearly fumbles the guy behind the technology, and becomes the founder of anyhow
he didn't.
I will also draw your attention to the fact that 19% of ER ERD is allocated to developers. However, this pool of coins is blocked for 3 years and developers will be paid in parts during this period – it is spelled out in the contract, and if these guys were scammers, then navryatli would have gone to such a limit for themselves.

But of course, I do not urge you to run headlong and invest in this project. The realm of crypto currencies is very risky, so always think three times before making any coin purchase or token investment. This review, like all previous ones, is presented for informational purposes only.