Elrond Network – ALT SCOPE

Elrond Network

A Highly Scalable Public Blockchain

Elrond contribution proposal:? Adaptive State Sharding - Elrond proposes a dynamically adaptive sharding mechanism that ena-bles shard computation and reorganizing based on necessity and the number of active network nodes. The reassignment of nodes in the shards at the beginning of each epoch is progressive and nondeter-ministic, inducing no temporary liveness penalties. Adaptive state sharding comes with additional chal-lenges compared to the static model. One of the key-points resides in how shard-splitting and shard-merging is done to prevent overall latency penalties. Elrond solves this challenge by:? Secure Proof of Stake? - As an improved variation of Proof of Stake (PoS) that ensures long term security and distributed fairness, while eliminating the need for energy intensive PoW algorithms. Elrond introduces an improvement which reduces the latency allowing each node in the shard to deter-mine the members of the consensus group (block proposer and validators) at the beginning of a round. This is possible because the last block's aggregated signature is used as the randomization factor. In addition to the stake factor generally used in PoS architectures as a sole decision input, Elrond refines its consensus mechanism by adding an additional weight factor called rating.? Main problems tackled:? Elrond innovation:


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