The key attributes of installed blockchains are scalability, security, and unfortunately, the lack of scalability. To date, the focus of the networks, the blockchain was secure and decentralized monetary system that gives the masses the opportunity to be your own Bank. The main solution to achieve this goal was the use of consensus Proof of Work (PoW), in which each node is approve each transaction. These networks really decentralized and safe, but they are not scalable.
Because the technology of the blockchain grew rapidly, it became apparent that decentralized networks can provide incredible added value in addition to creating new monetary systems. However, the use of blockchain technology for mass usage requires that the needs in a scalable network, which is not achievable using the traditional mechanism of consensus is Proof of Work. Recent research and development in the industry revealed the potential of segmentation, which is the means of allocating requirements to network resources between segments. Zilliqa, the first public blockchain, using segmentation, managed to create a living network that uses split transactions, the infrastructure in which the network of the subgroup process transactions in parallel to each other. Zilliqa approach to sharding allows the network to achieve greater bandwidth than the network such as Ethereum, but it is not sufficiently scalable for massive utility and can not adjust the network bandwidth depending on the usage requirements
Modern business and consumer technology has entered a new era when the basic technological resources naturally adapted to the performance requirements. Cloud computing, which is the basis of the modern network automatically configure resources to support data traffic in accordance with the requirements of the client, whether it’s an app, dApp or SaaS. If the technology of the blockchain needs to achieve their full potential, decentralized networks must be able to compete with the capabilities of centralized databases, which requires providing both scalability and incredible bandwidth. Elrond Network is the first blockchain that has ever reached this milestone and is able to support more than 3,750 transactions per second on the shard, and the blockchain can scale almost linearly, by activating a new shard with the growth of network requirements.
Why Elrond Network is the only Blockchain that is both scalable and adaptive?
Elrond Network is the first blockchain that provides a network that uses adaptive separation of States. Unlike Zilliqa who can share only transactional throughput, Elrond Network may share data storage, networking and transactional throughput.
The division of the state / vaults: Elrond Network divides all network data between segments.
Division of communications: all network communication is divided into smaller parts.
The distribution of transactions: the network is divided into subgroups, each of which handles different transactions simultaneously.
The blockchain includes more than just transaction and hence, in a truly scalable network must be used more than just the separation transactions. The use of sections Adaptive Sharding State for each network resource, necessary for all segments; hence, all the possible bottlenecks of bandwidth are overcome. In addition to scalability, Sharding Adaptive State can provide the most decentralized blockchain to date, because the network requirements are low enough to allow even your home computer to become the active node. This leads to the adaptive network. The growth of network usage, the node will be rewarded; more incentive to handle the bandwidth, the more nodes will join the network. These nodes will be grouped into segments can increase throughput.
The block chain is lacking of scalability due to bottlenecks in throughput.
Elrond Network is the first blockchain that allows you to avoid any bottlenecks in the network and provides a working blockchain that can handle more than 3,750 transactions per second to the shard, which was made possible due to the adaptive division of the state.
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