Topic: Elrond - 1000x improvement in scalability - page 2. (Read 402 times)

Fair point!

We've just published a new announcement on that front now.

Elrond Initiates Cooperation With Leading Payment Provider NETOPIA Payments: https://medium.com/elrondnetwork/partnership-announcement-elrond-initiates-cooperation-with-leading-payment-provider-netopia-223e7c9217b5

Utility is key for us, but without an efficient technical architecture, you can add too little of it.

With Elrond, we've built a very compelling architecture and will continue to make some important announcements during adding to its utility in the next couple of weeks.

I'm not even interesting with how fast your platform that being implemented a big improvement on its scalability. But the main problem is it having utility usage? i mean let's focus on the utility rather than scalability. A lot of tokens and platforms are focusing on the scalability rather than make it being compliance with the regulations.

Elrond is a complete rethinking of public blockchain architecture, solving scalability through adaptive state sharding, efficiency through secure proof of stake, and will enable EVM compliance by design. Elrond attempts to bring a 1000x improvement compared to the current status quo, aiming for 10,000 TPS, low latency, and minimal fees.
 
Abstract: The advent of secure public blockchains through Bitcoin and later Ethereum, has brought forth a notable degree of interest and capital influx, providing the premise for a global wave of permissionless innovation. Despite lofty promises, creating a decentralized, secure and scalable public blockchain has proved to be a strenuous task. This paper proposes Elrond, a novel architecture which goes beyond state of the art by introducing a genuine state sharding scheme for practical scalability, eliminating energy and computational waste while ensuring distributed fairness through a Secure Proof of Stake (SPoS) consensus. Having a strong focus on security, Elrond’s network is built to ensure resistance to known security problems like Sybil attack, Rogue-key attack, Nothing at Stake attack and others. In an ecosystem that strives for interconnectivity, our solution for smart contracts offers an EVM compliant engine to ensure interoperability by design. Preliminary simulations reflect that Elrond exceeds Visa’s average throughput and achieves an improvement of three orders of magnitude or 1000x compared to the existing viable approaches, while drastically reducing the costs of bootstrapping and storage to ensure long-term sustainability. - https://elrond.com/files/Elrond_Whitepaper_EN.pdf

We've just published our latest version of the paper and are curious to hear some feedback. More info here: https://bitcointalksearch.org/topic/m.48270875