1H
0.16%$0.0120
24H
2.58%$0.1884
7D
-10.2%$0.8526
30D
-23.1%$2.24
Elrond describes itself as a new blockchain architecture, designed to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two features: Adaptive State Sharding mechanism, and a Proof of Stake (PoS) algorithm, enabling linear scalability with a reportedly fast, efficient, and secure consensus mechanism. Thus, Elrond can reportedly process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost. It aims to become the backbone of a permissionless, borderless, globally accessible internet economy.
There are so many consensus mechanisms enabled on the blockchain. This guide is based on the one called Proof of Replication (PoRep). It will explain the nitty-gritty of this mechanism, covering its definition, developments, features, uses, benefits, and more.
The Ethereum Pectra Upgrade marks a major evolution for the network, combining proposals like EIP-7251 and EIP-7702 to streamline staking, unlock smart account functionality, and enhance client coordination.