Source. Crypto info.com
What is Elrond?
Elrond is designed to be a scalable, fast and secure blockchain platform aimed at the efficient use of distributed Apps, as well as enterprise use cases and the development of the new internet economy. Elrond boasts a 1000-fold cumulative improvement in throughput and execution speed compared to older blockchain technologies.
Developers, validators and businesses can use Elrond to build a new internet economy by harnessing two new technologies: an Adaptive State Sharding mechanism, and a Proof of Stake (PoS) algorithm, which both enable linear scalability with a fast, efficient and secure consensus mechanism. This means that Elrond can process up to 10,000 transactions per second with a 5-second latency at an extremely low cost.
Elrond has investors such as Binance, Electric Capital, NGC, Mavel11 Capital and Woodstock.