Elrond eliminates the need for intensive PoW consensus algorithms and proposes a novel and more robust Secure Proof of Stake consensus...
The optimal approach for blockchain sharding, needs to take into consideration advantages from all three sharding types (network-communication, transaction-processing, state-storage). Elrond’s approach to scalability and increased throughput, called “Adaptive State Sharding”, combines all three sharding types into a solution that will improve communication inside the shards, increase performance through parallel processing, reduce storage and scale almost linearly.
Allowing the number of shards to change dynamically according to the available resources (validator nodes) and network usage has a huge impact not only on the throughput, but also on efficiency. Our adaptive state sharding mechanism is based on a binary tree structure, once the number of shards has been computed; this number is used for a deterministic mapping of account addresses to shards. Transaction dispatching in shards is done also deterministically through the mapping of the sender and receiver account addresses to the designated shards. The almost linear scalability of our solution provides the backbone for surpassing the throughput of centralized counterparts...
Website : https://elrond.com/
Whitepaper : https://elrond.com/files/Elrond_Whitepaper_EN.pdf
Telegram : https://t.me/ElrondNetwork
Elrond ID: sakaleyn
