Elrond Network Ico Review

What is Elrond Network?

Elrond introduces a novel blockchain architecture which goes beyond state-of-the-art and is designed for practical scalability via Adaptive State Sharding and Secure Proof of Stake (SPoS). On the one hand our solution offers scalability while preserving security and decentralization; on the other it ensures large scale efficiency and sustainability by eliminating intensive PoW energy and computational waste. Last but not least, we believe interoperability to be instrumental for the future of the blockchain ecosystem, hence we design Elrond to be EVM compliant and cross-chain interoperable.

What are the value drivers behind the token price of ERD?
The main value drivers behind ERD are the underlying technical solutions, such as Secure Proof of Stake and Adaptive State Sharding. The Elrond ecosystem consists of multiple different layers that add value to users of the ecosystem.

Intent Forms for Developers
opened two intent forms for any developer that wants to have early access to our testnet [ https://elrond.com/testnet ] and an intent form for presale participants [ https://elrond.com/presale ].

What is the value proposition of Elrond Network?

Elrond is a complete rethinking of public blockchain infrastructure with following benefits:

High Scalability – Comparable or surpassing throughput as to centralized counterparts
Efficiency – Performing all network services with minimal energy and computational requirements
Robust Security – Enabling secure transactions and maintaining security in face of attacks
Cross-chain interoperability – Enforced by design, permitting unlimited communication between external services.

MVP
Elrond team has already showcased its prototype and opened their GitHub in November (the prototype was actually finished in July 2018), but because of serious limitations of Java team has made a decision to re-write everything from scratch in GO for the testnet. Testnet is yet to be open to the public, the team states that they have achieved a 30x performance improvement. As per words of Elrond`s team, their goal is to make such user interface that the average user will be able to set up a node in a few clicks. What we want to highlight here is that the whole development was self-funded by the team for more than one and a half years. They literally did not open any funding rounds until they had concept validated and tested.
https://elrond.com