Topic: 🔥🔥🔥 [ANN] Elrond - Sharded layer one protocol with near instant TX speed - page 10. (Read 5663 times)

something great happening around here let me have a look.. everyone promising near instant tx these days let me see how different this one is

Weekly tech update Elrond Network

As usual, the weekly technical report of Elrond's hard-working team, this week the reporter is Iulian Pascalau (Core Developer)


1/ Compiled VM WASM libraries for Mac and Linux. Further speed and stability improvements. Developers can now deploy smart contracts on 4 engines - IELE-K with GO backend, WABT, Binaryen, WAVM

2/ Scripts created for easy compilation of the smart contracts written in C/C++ into an eWasmified binary, which can be deployed

3/ Smart contracts can be written in RUST and TypeScript using the EWASM API as well

4/ In preparation for real world use case, we've updated the denomination for ERD with 1e18, now every wallet implementation must take this into consideration and boost values with 18 zeros (e.g. to transfer 1ERD, value=1000000000000000000)

5/ Finished TxInterceptor validator engine that filters out improper transactions before reaching the transaction pool

6/ Finished TermUI update with new metrics like estimated time until sync is done

7/ Implemented a pools cleaner, a kind of garbage collector for unexecutable transactions found in pools

8/ Updated a new rest API endpoint that can output the same info displayed in TermUI but in JSON format

9/ General bugfixes and stabilization: fork choices are a hard problem to deal with. When stress testing the system, we are happy to find that most of the special cases are resolved

10/ General bugfixes (continued): But some bugs hide really well and bug hunting gets longer. Final decision being a good old refactorization.

almost every project that got themselves enough hype to get binance etc., looks perfect but what has been the difference for failure after all this year?. Every new project shouldnt be scared to face criticism, I think the team should be thoroughly scrutinized and investigated. The space needs sanctity

Probably not. They already had a successful IEO, Mostly bounty programs run before IEO/ICO. Bug or developer bounty might happen.

The team can't do anything about price like most projects, They'll simply deliver and build partnerships that would increase price I guess.

Elrond has actually had a very successful IEO at Binance and the value is very high compared to the selling price. but recently Elrond has been unable to keep its high prices due to the fact that altcoins are constantly bleeding.
What will Elrond and the team do to improve the price of tokens in the future?

Another summary from ElrondNetwork




1 Elrond’s Journey: Git Visualization - https://www.youtube.com/watch?v=u3w14n24CSg

2 Elrond is now on Messari’s disclosure registry - https://messari.io/asset/elrond#profile

3 World meets Elrond tour  - https://t.me/ElrondNetworkAnn/190

4 Community registrations for the upcoming TestNet version - https://docs.google.com/spreadsheets/d/1D6CEyw6ug8fOK4AtvhWXhFzeb_CPnrVKROjDKvP9g6E/edit?usp=sharing

5 Weekly tech update - https://twitter.com/AdrianDobrita/status/1170005062153904132

6 Elrond-go repository wiki - https://github.com/ElrondNetwork/elrond-go/wiki

+ CryptoBubbles.io flash campaign

#10 This week in Elrond - Report from AdrianDobrita - ELROND team member





It's the end of the week and as usual here is the weekly tech update Elrond #BUIDLs


1. New EVM compatible WASM VM is integrated in Elrond protocol and has been tested with several smart contracts, providing promising preliminary results.
2. Expanded the documentation with information related to the VM, you can check the work in progress here:
3. Block and transaction rewards have been tested, validators and block proposers now get their rewards for the produced blocks and included transactions. This covers the first part of our economic proposal article.
4. Smart contract results & block and transaction rewards are indexed in the elastic search and visible on the blockchain explorer.
5. Validator statistics engine finalized, providing nodes consensus participation information. This data is now cross checked between shards and metachain.
6. First working version of the transaction generation binary has been tested. We can now stress our testnet with a high number of transactions between multiple randomly generated accounts, distributed on all shards.
7. http://Cryptobubbles.io testnet and game upgrade after processing 10 mil smart-contract calls.
8. Optimization of node synchronization mechanism in progress, integration tests with different scenarios are being developed to target the synchronization mechanism.
9. Improved filtering of transactions is in progress and will optimize the node memory, CPU usage and network traffic.
10. Automated testing processes are in place, monitoring & automated bug reporting have been configured for internal testnets.
11. Integration tests added for BLS multi signing and p2p integration tests refactored.
12. Several bugs affecting memory consumption and other bugs have been fixed improving the testnet stability.

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Great to know that Elrond Partners with BEPSwap for Instant Token Swaps..
Do read https://btcmanager.com/elrond-partners-bepswap-instant-token-swaps/?q=/elrond-partners-bepswap-instant-token-swaps/&

#9 This week in Elrond
The last week of summer is almost over, but ERD team are still working hard.  Read the thread below for the weekly tech update Elrond #BUIDLs


1. Improved bootstrap from storage and syncing mechanisms in order to eliminate attacks when syncing from malicious nodes or when the database is corrupt.
2. Added security checks in order to prevent smart contracts to modify maliciously the balance or the state of an account into the protocol layer. Gas will be consumed, but the output will be disregarded.
3. Using the metachain peer processor, synchronizing the dynamic validator's data on the shard level. All of the nodes will now have the same view of all the validators' rating, their participation and their contribution to the consensus.
4. New transaction generation binary and improvements made to the node for receiving, validating and propagating transactions in the network.
5. Improvements for the termui console: added new metrics: an estimation of the time required for synchronization, number of transactions processed, etc.
6. Improved error handling on serial level DB: non-blocking. Fixed error that would put reading and writing from/to storage on an infinite loop.
7. Top-down analysis of the Elrond node and insights are being crystallized in the form of a comprehensive document.
8. General bugfixing and stabilization.

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Elrond (ERD) joins as BEPSwap Launch Partner

Elrond, a scalable value transfer protocol, is joining the BEPSwap Platform to provide liquidity to ERD token holders. >>>> READ FULL HERE


Elrond on BEPSwap

Elrond is powered by the $ERD token which requires deep liquidity in order to be useable across the network. The ERD token is bonded by validators to secure the network and thus must have excellent price discovery.

As such, ERD is listed on Binance DEX to allow a wider market exposure and is an excellent project to join the BEPSwap platform.


Additional benefits include:

    THORChain will acquire off the market ERD tokens between now and the launch in order to bootstrap the Elrond pool.
    THORChain and Elrond will work together to promote the ecosystem.
    Elrond will be able to stake some parts of their treasury into the pool to offer even more liquidity to token holders.
    ERD token holders will be able to stake ERD tokens in order to earn on trade commissions every day.

BEPSwap is scheduled for public beta in 4–6 weeks.

>>>> READ FULL HERE

Last week in Elrond


1️⃣ @maticnetwork  partnership
2️⃣ @Bitmax_Official listing
3️⃣ AMA
4️⃣ BitTreasure event
5️⃣ Community Wave 3
6️⃣ Weekly Tech Update
✅ Over 1000 new https://CryptoBubbles.io players
✅ South Korea highlights

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Cryptobubbles competition on fire!!!

Just few hours after competition lounch some guys already earned millions of testnet ERD!

https://twitter.com/ElrondNetwork/status/1166003383699955712

Elrond Community x CryptoBubbles.io tournament

The wait is over! We are kicking-off the first ever CryptoBubbles.io tournament.

It’s time to put all those hours of practice at good use in an Elrond Style Competition.
Keep in mind that reputation is scarce for wave 3, so winning is a must :boom:

Here’s what you need to know:

Step 1 If you don’t have an account, open one now https://CryptoBubbles.io - If you already own one START PLAYING


(IMPORTANT: make sure to confirm your email, winners will be contacted to confirm their platform username via EMAIL)

Step 2 EAT ALL THE BUBBLES and secure a position on the top 30 leaderboard until http://[Suspicious link removed]/CB-tournament-1

Step 3 Check the ranking on https://cryptobubbles.io/leaderboard -> Tournament tab.

Step 4 Join like minded players on @ElrondNetwork_CB


REWARDS
Rank 1 - 0.3 REP 4000 points
Rank 2 until 15 - 0.2 REP 3500 points
Rank 16 until 30 - 0.1 REP 3000 points

Elrond Network AMA on BitMax.io Official English Channel, 20th August 2019

This article is recorded by Randy Aranta Lika

 READ FULL >>>>> HERE

On the 20th August 2019, Elrond Network held an AMA on BitMax.io’s official English Channel after Elrond’s listing announcement on BitMax.io. This AMA highlights Elrond Network’s rapid growth, partnerships, vision, and future plans as the project’s mainnet launch is closing by.
Here’s the AMA conversation on @bitmaxioenglishofficial ‘s Telegram channel :


BitMax Admin : Great to have @beniaminmincu the CEO of Elrond joining us here today. As you all know, ERD was recently listed on the platform and the BitMax team is super excited to establish a synergistic relationship with Elrond as it continues to expand network value.
I’ll let Beniamin kick things off with a quick personal introduction before giving us some background on the project before we open things up for Q&A.

Beniamin Mincu : Hey guys. Really great to be here
Thrilled to have Elrond listed on Bitmax and sharing more info with all of you.
Here’s a brief version of how it all started.
I stumbled into bitcoin sometime in 2013 and joined the NEM core team in 2014 to lead product, marketing, and community, helping take the project from a Bitcointalk post to a global billion dollar product. I have co-founded Metachain Capital to invest in ambitious founders solving critical blockchain problems and also started ICO Market Data with my brother to streamline investment expertise.
As it became clear that scalability was perhaps the most pressing problem in the blockchain space, I saw no one was really solving it properly and had a clear intuition on how a really compelling solution would look, but needed to test it against the brightest technical minds I knew and see what I was missing.
So, together with my brother we gathered some of our smartest technical friends, and had several in-depth discussions about this. The discussions continued for about a 1.5 months, when it became clear we had a really significant breakthrough. This is how Elrond began, and the point when we started working on formalizing the first fully state sharded proof of stake architecture.
The rest, as they say, is history 🙂
To clarify: Elrond is a new blockchain architecture, designed from scratch to bring a 1000x cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
We have built Elrond with great team of experienced entrepreneurs along with 13 engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA. The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.
We’ve come a long way since Oct 2017, and the future of Elrond looks more promising then ever before.

BitMax Admin : Shall we open things up for question?

<> READ FULL >>>>> HERE

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#8 This week in Elrond : Read the thread below for the weekly tech update


1. -> WASM integration into Elrond protocol is almost ready, ~90%. We choose to use ewasm / hera as the base and changed the whole implementation and logic of linking the actual engine to the protocol.
2. The next things are defining and limiting non-deterministic behaviour of WASM linking crypto hooks into the Engine, as we want to get rid of sentinel contract. Further steps is to create libraries for smart contract developers to use and deploy them.
3. -> Optimization for our formally verified VM with GO backend never stops: improvements on collections, especially maps.
-> Heartbeat improvements: checking the validity/integrity of the information about the node - ShardID
4. -> Completely refactored of the interceptors component. Interceptors do the hard work of prevalidating any data coming from the network. They unmarshal the data, verify the integrity and validity of all data fields, caches and validating the data.
5. -> As we work mostly with interfaces and go's nil check does not verify if the underlying object is nil, it may have adverse effects such as nil pointer exception. All nil check on the protocol got updated with interface nil checks as well.
6. -> Transactions generator binary: working on a new binary which will generate transactions used for stress-testing on the testnet. It will send a given number of intra-shard or cross-shard transactions to the network, optimising the test transactions generation from the node.
7. -> We finally have a peer processor which writes into the peer state trie, it updates data such as uptime, rating, number of signed and missed blocks and so forth.
8. Metachain gathers all the peer data through the shard headers and updates the trie. As all the nodes process the meta-headers they also update their peer state. So all the peers have the same global view of how the others behave.
9. -> Handling of summing all the transaction fees and creating special transactions to the leader, to a burn address and to the community is finished. Implementing rewards is in the final meters, in the weekend will be finished.
10. -> Validator Dashboard improvement on termui console, added new metric for block info and change CPU load and Memory load to display how many CPU and Memory node use.
-> More features added to the testnet validator lists on https://testnet.elrond.com/#/validators

11. Oh, cryptobubbles got some new, better AI bots, just to make a little bit harder/funnier the game. Have not described what is happening behind the gameplay but will follow up on this soon. Give it a try and share it with your friends -> https://cryptobubbles.io

12. From my point of view, I guess this is the best testnet version released after the official public release, and I am really happy to see all these devs / validators getting involved running the chain, upgrading and maintaining a overall uptime of 99% of most validators.
13. Join our validator / dev call next week https://twitter.com/LucianMincu/status/1164492824445902848?s=20

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MessariCrypto https://twitter.com/MessariCrypto/status/1163816616146001924?s=20

MessariCrypto announce the sixth batch of Messari Disclosures Registry participants.  Newest members include  @akropolisio, @beamprivacy @CardanoStiftung @ElrondNetwork @FUSIONProtocol @FoundationHelix @keep_project @LiskHQ @orbs_network @PermissionIO @VSYSCoin

BitMax.io Listing of Elrond (ERD) - Upcoming Airdrop & BitTreasure

Event 1⚡️: ERD Airdrop to Newly-registered Users & Event 2⚡️: ERD BitTreasure

Full terms and conditions here: https://bitmaxhelp.zendesk.com/hc/en-us/articles/360034680073

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ERD has been listed on the bitmax platform

This is the announcement:  https://bitmaxhelp.zendesk.com/hc/en-us/articles/360034016094-New-Listing-Announcement-of-Elrond-ERD-on-BitMax

Personally, now I only use Binance and bitmax to trade ERD. I did not use any other platforms

This is exactly what I thought.

Mainnet launch is always a milestone for every project. I hope that would be delivered on time.

I am completely new to ERD could you please tell me how the development progress looks so far? Any delays or problems?

ERD is in the process of building, they are running testnet, by the end of this year there will be mainet. Be patient, ERD will be in the top 10 of CMC in 2-3 years, if they follow the right roadmap, I think

There are posts on the first page of this thread where you will find comparisons to other projects and not only Zilliqa.

I can understand to miss a few pages when a thread is long but this one has only a few comments so far.

I would suggest developing a habit to read first at least 70% of the thread before posting.

Not only this saves you from many mistakes but there is a big chance that you will find something interesting and write a high-quality post because of it.

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Back to the topic.

Elrond is a very interesting project and I ask myself why this thread caught almost no attention from reputable members?

Already a few months on the market and looks very professional. If roadmap would be delivered without delays we can find Elrond in top 10 on CMC very fast but still no attention from Bitcointalk community.