Elrond Network ICO Review

Elrond Network

Elrond is a blockchain platform that will use Adaptive State Sharding and Secure Proof of Stake.

Elrond Network Score



Elrond is a blockchain platform that will use Adaptive State Sharding and Secure Proof of Stake. Elrond is aiming to build a public blockchain platform to achieve VISA level TPS by partitioning the chain state into multiple shards, allowing each shard to be handled in parallel by different participating validators. Elrond will use an improved version of Proof of Stake (PoS) called Secured Proof of Stake (sPoS) to achieve consensus and to ensure long term security and distributed fairness.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

TOKEN SALES

METRICS

Green lights

  • Advisors- co-founders of NEX and Ethereum core developer.
  • Combining sharding + secured consensus algorithm solves the current blockchain limitations i.e., performance and security.

red flags

  • TPS in Elrond network increases linearly as more and more nodes joins the network.
  • Unknown metrics.
  • No Testnet but they have a prototype.

Elrond Network
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

High

Advisors are experienced and relevant to the project including good crypto background.

TEAM SCORE

Medium

– Team seem experienced enough, with some good Dev members and experience within Marketing.

HYPE SCORE

Low

Low social media presence and not many influences or news outlets talking about Elrond as it’s still early days.

TOKEN SCORE

Unknown

Unknown at the time of writing – 15th August 2018.

TEAM

Beniamin Mincu

CEO

Lucian Tode

COO

Lucian Mincu

CIO

CONCLUSION

Some of the other main items that Elrond is planning to integrate in the future are, (i) AI validators which can detect malicious behaviours in the network and penalise them, (ii) Cross-chain interoperability and (iii) preserving the privacy of the participants. Elrond claims that they can achieve average VISA TPS with 8 shards and the peak VISA speed with 64 shards which sounds impressive. Elrond sounds to be on the right track to solve the current blockchain issues and achieve peak VISA level TPS in a secured way but for now, it is all only in the papers.

8

ADVISOR

7.2

TEAM

2

HYPE

3.2

TOKEN

highspeed

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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