Elrond’s one-day Blockchain event concludes in Dubai aiming to solve the trilemma of Scalability, Decentralization and Security
Dubai hosts Blockchain C-Level Industry briefing event at Hotel Shangri-La today
9th September, 2019, Dubai, United Arab Emirates: Elrond, a user-friendly blockchain for deploying programmable money and unstoppable applications hosts it’s Blockchain C-Level Industry briefing event in Dubai. The event was organized by Agora & Woodstock Fund aiming to bring forth the path breaking technology that solves the trilemma of Scalability, Decentralization and Security.
After a successful series of top enterprise engagement in South Korea last month, Elrond was excited for this private gathering of Enterprises, Service Providers & Institutional Investors, since Dubai is a global leader in Blockchain innovation, adoption and investment as well as the city is known for its infrastructure and attractiveness for business.
Elrond is built by a team of experienced entrepreneurs along with 13 engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA. The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.
Mr. Beniamin Mincu, Co-founder & CEO of Elrond says “We were extremely delighted for our Dubai chapter. Blockchain is the most foundational technology to appear on world stage and Dubai has already made remarkable strides as a pioneer. We were excited to host more than 30 Senior Level Leaders from Government and Private organisations as well as selected investors at the event and are looking forward to see active participation on a complete new Blockchain infrastructure that we are building up on”.
Elrond brings a 1000x improvement in throughput, execution speed, and transaction cost-efficiency. With improved user experience and lower barriers to entry of network participation through low staking cost and low computational requirements, the company has published a technical paper, validated the core hypothesis through a prototype, and is close to mainnet launch.
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permission less, borderless, globally accessible internet economy.
For more details, please visit – https://elrond.com/ & contact firstname.lastname@example.org