It is a pleasure to welcome Elrond Network CEO, Beniamin Mincu, in a captivating episode of Cryptonites! In this episode, we discuss:
Elrond is a distributed transactional computation protocol which relies on a sharded state architecture and a secure Proof of Stake consensus mechanism. While most other blockchain networks require custom hardware and high energy consumption, Elrond runs on average computers.
By employing sharding, a method of parallelizing data & transactions processing, Elrond’s performance will scale up with the number of computers joining the network, reaching more than 100,000 transactions per second while growing increasingly decentralized.
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