The network is now live and their token is trading on Binance, with ROI for private sale investors at 7x.

Elrond Network Review by Midgard Research. The team has included a number of very relevant tasks into the business plan and has been able to already undertake some into reality by establishing a relevant partnership with a payment provider, thus securing a first use case for the platform. He is in the industry since 2014 invested and supported near 30 blockchain projects including Zilliqa, Matrix, ICON, etc. As you can probably guess, global state transactions are slow and not built to scale effectively. Update #2: With the latest iteration of their network that has been completely rewritten in the GO code language, the team has been able to reach 3,750+ TPS in a single shard, which is a significant improvement since their prototype. Update: Elrond has welcomed 4 new advisors to their team, who will help the founding team take the company to the next level. With that said, the main team is promising and based on their network and previous relevant experience, there is a relatively high probability that they will be able to give their competitors at least some things to think about. We definitely bet on Elrond to be one of the most interesting projects this season. We hope that once the marketing efforts kick in, the project will gain more attention and community management efforts will gain more traction. The ERD token is used to power the Elrond Network, and it was the second token launched on the Binance Launchpad. Personally, I had not expected them to list at Binance from the get-go, but it was my own mistake for not seeing how committed the team was and the strength of their community. Update: The team has a new whitepaper, comprised of a 16-page document with the focus on the technical aspects. Key areas that have been improved are in regards to the Related work and Sharding paragraphs, that provides a comparative view of Elrond with other network’s approaches. In an ecosystem that strives for interconnectivity, their solution for smart contracts offers an EVM compliant engine to ensure interoperability by design, thus ensuring that Elrond Network will be relevant in an ever growing blockchains environment. Felix Crisan  (HEAD OF RESEARCH) – Felix has been in the cryptocurrency space since 2012, he is a Bitcoin Lightning contributor.
This might be subjected to regulatory changes if the authorities will change their stance on Proof of Stake mechanism. Update: While the respective timeframes for the different development phases haven’t seen much modification, we can see that the team stayed on track so far with the project progress, and the latest milestone being the testnet. This section is not included in the rating. There is a simple roadmap available, however further information on the team is available on the website. He has many years of experience in international tax law, corporate law, commercial law, and capital market law. From the entire team, Beniamin Mincu has the most extensive blockchain business related experience. I’m still skeptical in the long term though, Bitcoin is a nice decentralized toy, however, it’s not built for large scale use by governments, enterprises and other data-intensive uses. Elrond is the latest player in the race to provide developers and decentralized applications with platforms that can serve thousands of users at the same time whilst maintaining network security in the most efficient way possible. In Elrond there is one shard maintaining the notarization of block hashes from all shards, which looks similar to what the cross-links are doing. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The team has stated that their main focus is on delivering the prototype and addressing the token sale details at a later date when they will have a working product to attract potential investors. There is no information on display regarding the actual business model, on how the project is going to be used, on potential partnerships or any kind of plan to put the network to real world use.

Thus, there are four new major tabs on the website, focusing on the team and detailed roadmap, the technology, the FAQ, and the news and events.

CEO of Metachain Capital. Furthermore, the team have only used funds from their own pocket in order to develop the company up until a few months ago (when they raised money during the seed round). Their latest Advisor, Sunny Aggarwal joined the board of advisors for Elrond, bringing his experience as a core developer for Tendermint/Cosmos projects, and as one of the Co-Founders of the research group Blockchain at Berkeley. Founder and CEO at Vector Watch. Now that the network is about to launch, the real work begins. They have made available on the website a slide deck that details the Elrond architecture and layers of the network, presents their take on business development and adoption, and along with a brief team and advisors presentation and roadmap description. The new version of the whitepaper is more condensed, structured and proposes a broader approach to the presentation of the Elrond ecosystem. After departing the NEM project, he got involved in helping projects like Zilliqa, Polkadot, Icon, Matrix to develop their business efforts. The Elrond team has several notable people with development talent, who have several years of expertise in a number of fields related directly with software development. There is no much info about the public sale metrics available due to the process of obtaining a license that will enable the company to issue the Elrond token, list on exchanges, and publicly raise funds through an ICO. Elrond’s main use of the funds will be towards R&D, with 52.6% focusing solely on this area. The lottery format initial equity offering ended on July 1, with the Elrond Network raising $3.25 million. Decentralized exchanges: DEX is the most obvious use case for high throughput blockchain since it needs to be faster and more secure than centralized competitors. Over the next few months, the test net will launch as the main and the real work begins. V1.0 of the Testnet is up and running successfully, and Elrond’s early Blockchain also has a slick UX which will be available to the public in the next few months. Update: In regards to the documentation, the team has made significant improvements, adding information to key areas that shed a new light on the project. Elrond’s proposition can add considerable value to the blockchain infrastructure space, by utilizing novel protocols and consensus mechanisms, and pushing the limits of Proof of Stake and  Sharding. Update: The team’s approach towards funding of the development process has been aligned with their vision of development and have envisioned multiple scenarios of gathering funds. The current version of the whitepaper does not outline any proposed methods of marketing or actual product usage and adoption. The project that will solve these issues and provide an open and easily interoperable chain will be one that will see massive adoption, therefore there is room for multiple possibilities. My view is one of the reasons that all of the protocol projects interviewed for the podcast are focused on scalability and throughput first. Our content is provided solely for informational and educational purposes. Why stake on Elrond? Elrond steps up the scalability and interoperability game and proposes two new major assets to the blockchain. The tokens are released 33% at TGE, 33% 3 months after TGE and another 34% 6 months after TGE. Elrond implements adaptive state sharding, which reorganizes nodes amongst shards based on the total number of nodes. 5 min read. Out of multiple theoretical use cases, we would like to choose three that will be applied to practice right after the mainnet launch. If this will be the terms of the sale, we can say that the team has made a fair structure for each participant. In this light they took a fresh start on their Telegram channel cleaning it of inactive and bot accounts, keeping a total of 7,000 members and the team aims to further expand their marketing efforts with the community and developer program to gain more traction within the space.

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