A highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy.
Recognizing that most scalability efforts by other projects are not sufficient in that the efforts are merely “kicking the can down the road”, Elrond set out to create a blockchain that is capable of 1000x throughput than most existing blockchains. This improvement of transaction throughput allows Elrond to handle even the most aggressive wave of user adoption. This has led to an increase in EGLD price.
The optimal approach to blockchain sharding needs to take into consideration advantages from all three sharding types: State, Transactions & Network. Elrond’s approach to increased throughput, called “Adaptive State Sharding”, combines all three sharding types into a solution that improves communication inside the shards and dramatically increases performance through parallel processing.
Elrond has proposed a novel approach to consensus called “Secure Proof of Stake” which eliminates PoW computational waste, and combines eligibility through stake and rating with random validator selection, and an optimal dimension for the consensus group. The BFT-like consensus protocol maintains a high security level through random sampling of the consensus group, and random reshuffling of nodes into other shards. The consensus uses an unbiasable randomness source generated by the block proposer via signing the previous random source.
The Elrond Virtual Machine is a dedicated smart contract execution engine built on WASM. It expands the family of languages available to smart contract developers to include Rust, C/C++, C#, Typescript. This means you can write smart contracts in whichever language you’re familiar with, compile it of WASM and easily debug its WAT human readable format.
Let us review ELGD price
EGLD Price Prediction
EGLD is trading just below the resistance of $92.12. If it can break this resistance, we can start seeing a move towards $113.60, $130.95, $148.31, $173.03, $204.50 and $295.41. Failure to break the resistance at $92.12 could lead to a drop towards $74.40, $65.56 and $56.73.
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