Elrond – Infrastructure for the New Digital Economy8.4

It’s well established now that decentralized cryptocurrencies and smart contracts provide dependable, secure solutions for sending money and receiving electronic payments. They can be used for creating decentralized applications (dApps) and also ultimately as digital store of value. However, when decentralized platforms are compared to their centralized counterparts, the present-day solutions show various problems that hinder widespread adoption. Elrond – Addressing Challenges the Right Way Elrond aims to address scalability issues associated with decentralized cryptocurrency platforms and improve efficiency overall. To achieve this Elrond’s team of engineers have developed a state sharding scheme that offers practical scalability, whilst reducing energy

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