This article is about the recent technical progress of Elrondnetwork. With Elrond's truly remarkable technology, I believe this project will be very successful in the future, if there are more heavy partners, this marketcap project will surpass ETH.
This article is from Lucian Mincu - CIO (Engineer LIEBL SYSTEMS, co-founder & CTO at ICO Market Data and Metachain Capital, investor in 30+ startups.
1/ Up until now #Bitcoin has a total number of ~455,400,000 transactions processed since 2008 (10+ years)
But what I am most excited about today is that @ElrondNetwork
#golang implementation has exceeded 1,000,000,000 transactions in ~96 hours.
2/ Notes on 1B claim **
-> 1B Cross-Shard transaction processed
-> Network Setup: 5 shards + Metachain
-> 1 consensus round missed on 96+ hours uptime (5s consensus round time)
-> no single crash reported
-> ~60% (dual core) CPU load and ~1GB RAM used on t3.medium instances
3/ Also, about 48 hours ago we released Testnet-1016
** first double sign shard attack **
YES! First official double sign attack managed to halt the entire shardID 4 when of the validators tried to move his docker image to another host just about 10 minutes after genesis.
4/ I remember this happened in one of the first @cosmos
GoS versions, when one of the validators has double signed (two machines with same key have signed two different blocks at same height), and yes, GoS halted too!
Yesterday was our turn, and we learned our lesson too.
5/ Besides that here’s some insights:
-> 211 validator nodes participating in this testnet release
-> deployed a hot-fix patch with the community to unfreeze the halted shard 4 after double sign incident
-> 20,000,000 txs executed and around 22,266 blocks proposed on each shard.
6/ The dedication @ElrondNetwork’s team is beyond imagination.
ps. @ElrondNetwork
does not require 5-10k $ machines for a PoS*-called protocol, you’re cool with your dual-core CPU too.
Join us here https://t.co/OAbhiwtvZ0?amp=1
Website: https://elrond.com/
Elrond Github: https://github.com/elrondnetwork
Whitepaper: https://elrond.com/files/Elrond_Whitepaper_EN.pdf
Twitter: https://twitter.com/ElrondNetwork