The score reflects the overall worthiness of the blockchain's ecosystem, as determined by regular monitoring and collective reviewing of the ecosystem.
Major outage of Testnet resolved
Major outage of Testnet was on Aug 2,2022
Third party services increases by oracle integration and cloud provider
Add-Ons are decreases by security auditing tool
Foundation tools increases by essential tools, programming languages and sdks
Documentation score is increased as API documentation are added
The score depicts the network's performance rating based on metrics like avg TPS, nodes, gas fees, and uptime.
1,000,000,000 atoms of egld
|PERFORMANCE MATRIX||VALUE||MONITORED AT|
|Read Speed||735 ms|
|Write Speed||27,097 ms|
|Gas Fee||1,000,000,000 atoms of egld|
|Node Count||3,200 nodes|
|Reddit Total Members Online||441 members|
|Reddit Total Members||16,300 members|
|Discord Total Subscribers Online||409 subscribers|
|Discord Total Subscribers||4,426 subscribers|
|Telegram Err||27 err|
|Telegram Ppm||22 ppm|
|Telegram Views Per Post||6,714 views|
|Telegram Total Subscribers Online||2,444 subscribers|
|Telegram Total Subscribers||58,185 subscribers|
The score represents the development support the protocol offers to developers in terms of tools and resources.
he score is derived by considering the documentation support offered by the protocol to help developers better understand the protocol's ecosystem.
The score reflects the protocol's progressiveness in allocating funds to support the developers who are building on top of the blockchain.
The score reflects how equipped is the protocol's ecosystem with add-on tools like code editors, IDEs and security
THIRD PARTY SERVICES
THIRD PARTY SERVICES
The score reflects the protocol's ability to provide third-party services such as Oracle integration, API management, and cloud services.
THIRD PARTY SERVICES
It reflects how well the protocol's support system works in terms of communication tools, DAO rating, development community size, and stack exchange, among other things.
It indicates how widely the protocol has been adopted in the industry, taking into account aspects such as the
number of developers that are using it and the number of transactional values.
The score depicts the protocol's overall responsiveness toward its members in online communities like Discord,
Telegram, Slack, Linkedin, etc.
Scalability is a common concern with many legacy blockchains. To address this problem and other common concerns such as lack of security, Lucian Todea, Beniamin Mincu, and Lucian Mincu launched Elrond in 2017. Elrond protocol exhibits great speed, security and scalability and is ideal for hosting dApps and other enterprise-grade use cases.
Elrond has a unique sharded design that allows it to overcome many major blockchain limitations and achieve high throughput. Elrond significantly reduces storage and bootstrapping costs for long-term sustainability.
Elrond is a blockchain protocol designed for security, speed and scalability. Its network is powerful enough to function at an "internet scale." The protocol uses adaptive sharding and Secure Proof of Stake for increased throughput and to solve the blockchain trilemma. According to the blockchain trilemma, it's impossible to achieve security, scalability, and decentralization simultaneously with our current state of technology. However, Elrond stands to solve this trilemma with its unique modus operandi.
Elrond reaches consensus on transactions through a mechanism called Secure Proof of Stake (SPoS), which is a upgraded version of Proof of Stake that ensures distributed fairness and long-term security.
It involves random consensus group selection for high security and eliminates computational waste.
- Elrond works on the principle of adaptive sharding for increased throughput and efficiency.
- The protocol uses Elrond VM (Elrond Virtual Machine) as its smart contract execution engine. It is one of the fastest virtual machines in the blockchain space.
- Elrond maximizes security with the Secure Proof of Stake consensus mechanism.
- Elrond's built-in automatic transaction routing and state redundancy mechanisms significantly reduce latencies.
- Transaction costs are negligible, ranging at around $0.001 per transaction.
Lucian Todea, Beniamin Mincu, and Lucian Mincu launched Elrond in 2017. While Lucian Todea is currently the COO, Beniamin Mincu is the CEO, and Lucian Mincu is the CIO of the company.
Popular Use Cases
- Maiar exchange is a DEX automated market maker.
- CryptoBubbles is an engaging, Elrond-based game.
- Maiar wallet is a wallet you can create with your phone number in seconds.