1H
0.42%$0.0554
24H
-0.37%$0.0492
7D
-0.08%$0.0106
30D
-12.8%$1.94
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.
Here is a guide provided for our readers to understand all there is to know about Stacks, a Bitcoin-integrated platform which seeks to curtail the scalability issues faced with BTC.
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