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Elrond is a blockchain that offers extremely fast transaction speeds by making use of sharding. It aims to provide efficiency, security, scalability, and interoperability.
The system uses the proof of stake consensus mechanism which syncs separate components of a network to a common ledger and adaptive state sharding which splits the Elrond infrastructure in order to support more transactions and programs. The system contains a virtual machine that supports the creation of and execution of decentralized applications.
History
Elrond was founded in...
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