Resources to study for ELROND AMA
How does Elrond’s tech work?
There are three key components to the architecture: (1) adaptive state sharding, (2) secure proof-of-stake, and (3) meta VM build for Elrond.
1)Adaptive state sharding is a scaling technique that partitions transaction processing, storage, and network. So that each shard can process (and store) only a fraction of all transactions. It does this in parallel with other shards.
Elrond can start with one shard and form new shards as more validators join the network. Throughput can significantly increase as the network grows.
2)Secure proof-of-stake is a consensus mechanism. It’s an improved variation of proof-of-stake (PoS) that ensures long-term security and distributed fairness through random sampling of the consensus group. While eliminating the need for energy-intensive PoW algorithms, and ensuring fast finality through pBFT (practical Byzantine fault tolerance).
3)Finally, Elrond Meta VM is a VM generated through K framework. It supports three other VMs at the same time: EVM, IELE, and WASM.
The best introduction to Elrond can be found here:
Token Metrics: https://elrond.com/files/Elrond_Token_Metrics_EN.pdf
One Pager: https://elrond.com/files/Elrond_Onepager_EN.jpg
Binance research report: https://info.binance.com/en/research/ERD-2019-06-20-d893c3.html
http://bit.ly/elrond-resources
^Elrond tech explained through slides, our team, advisors, stats and traction slide.
There is also a document called Resources where we have a summary of all our blog posts.
Two light reads about our mission and what we’re trying to achieve:
https://www.techbullion.com/tech-bullion-exclusive-interview-with-beniamin-mincu-ceo-of-elrond/
https://www.coinspeaker.com/scaling-up-to-better-blockchain/