Why Elrond Network ?

Elrond is a new blockchain architecture, designed from scratch to bring a 1,000- fold 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 15,000 transactions per second (TPS), with 6-seconds latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

Why build on top of Elrond Network?

Similar to the way that the internet added value by enabling connectivity between local intranets, the Elrond network adds value to individual Blockchains by creating connectivity between them.

The Elrond Network is eco-friendly, first carbon negative, and the internet of Blockchains. Therefore, the Elrond Network will not have to be created by any individual entity, instead, it will automatically operate as the ecosystem as it strives to connect separate Blockchains.