Elrond Network. Technological machine.

The technological advances we have experienced have risen above the shoulders of giants. Companies with significant investments in technology, R & D laboratory setup entrepreneurs, volunteers who are interested in scientific developments are among these giants. The same giants will build tomorrow.

Today I want to study the Elrond project, which is working on fundamental solutions in the blockchain network. When the Blockchain network was first discovered, it was interesting that document, information and data transfer from person to person was possible. These actions without intermediaries were revolutionary. Only then did several volunteers start using the blockchain network. There were not many problems with scaling. Over time, when companies, financial institutions, investors began to use this technology, problems of scaling began to arise. Then began to appear and problems with the system. Various solutions were developed; there were forks. Finally the caravan moves on.

Elrond built everything from the ground up to 1000x the performance, application speed and transaction costs of blockchain-to-Roth. You can think of the construction process as a broadband Internet transition from a switched network. While we are not in this today, we have little understanding of the implications of this transition. But in the future we will experience these practical consequences. Elrond is leading this time. The problem Elrond is trying to solve is this: improving performance by adding more nodes to the network. Enable secure connections at higher speeds.

The most appropriate method of comparing block chains is to evaluate the benefits of release types (network/communication, processing/ processing, state / storage). Because of Elrond's approach to efficiency, communication within parts is increased; memory is reduced when fusion is achieved in a solution that can be linearly scaled. Changing validator nodes dynamically after using ag has a significant impact on efficiency.

Using the safe bet amount, Elrond developed an approach to unanimity in the form of choosing the optimal size for random verifier and selecting Random verifier within each group. The block provider collects transactions in the new block and sends the block to members in the validation consensus group. Each validator validates the operation. When everything is controlled, it is also configured via PBFT. If a consensus group reaches a 2/3+1 Majority, the bloc is considered valid.