🔥🔥🔥 [ANN] Elrond - Sharded layer one protocol with near instant TX speed

[hta]

#9 This week in Elrond
The last week of summer is almost over, but ERD team are still working hard.  Read the thread below for the weekly tech update Elrond #BUIDLs

1. Improved bootstrap from storage and syncing mechanisms in order to eliminate attacks when syncing from malicious nodes or when the database is corrupt.
2. Added security checks in order to prevent smart contracts to modify maliciously the balance or the state of an account into the protocol layer. Gas will be consumed, but the output will be disregarded.
3. Using the metachain peer processor, synchronizing the dynamic validator's data on the shard level. All of the nodes will now have the same view of all the validators' rating, their participation and their contribution to the consensus.
4. New transaction generation binary and improvements made to the node for receiving, validating and propagating transactions in the network.
5. Improvements for the termui console: added new metrics: an estimation of the time required for synchronization, number of transactions processed, etc.
6. Improved error handling on serial level DB: non-blocking. Fixed error that would put reading and writing from/to storage on an infinite loop.
7. Top-down analysis of the Elrond node and insights are being crystallized in the form of a comprehensive document.
8. General bugfixing and stabilization.

https://ELROND.com - Everything changed when the internet transitioned from dialup to broadband. Elrond brings broadband performance to blockchain

Website | WhitePaper | Telegram | Twitter | Facebook | Linkedin | Medium | Community | Github

[deebawriter]

Great to know that Elrond Partners with BEPSwap for Instant Token Swaps..
Do read https://btcmanager.com/elrond-partners-bepswap-instant-token-swaps/?q=/elrond-partners-bepswap-instant-token-swaps/&

[hta]

#10 This week in Elrond - Report from AdrianDobrita - ELROND team member

Adrian Dobrita (Head of Engineering & Core Developer): Engineer Intel, ST-Ericsson, Continental, AI Olympiad champion, MSc CS.

It's the end of the week and as usual here is the weekly tech update Elrond #BUIDLs

1. New EVM compatible WASM VM is integrated in Elrond protocol and has been tested with several smart contracts, providing promising preliminary results.
2. Expanded the documentation with information related to the VM, you can check the work in progress here:
3. Block and transaction rewards have been tested, validators and block proposers now get their rewards for the produced blocks and included transactions. This covers the first part of our economic proposal article.
4. Smart contract results & block and transaction rewards are indexed in the elastic search and visible on the blockchain explorer.
5. Validator statistics engine finalized, providing nodes consensus participation information. This data is now cross checked between shards and metachain.
6. First working version of the transaction generation binary has been tested. We can now stress our testnet with a high number of transactions between multiple randomly generated accounts, distributed on all shards.
7. http://Cryptobubbles.io testnet and game upgrade after processing 10 mil smart-contract calls.
8. Optimization of node synchronization mechanism in progress, integration tests with different scenarios are being developed to target the synchronization mechanism.
9. Improved filtering of transactions is in progress and will optimize the node memory, CPU usage and network traffic.
10. Automated testing processes are in place, monitoring & automated bug reporting have been configured for internal testnets.
11. Integration tests added for BLS multi signing and p2p integration tests refactored.
12. Several bugs affecting memory consumption and other bugs have been fixed improving the testnet stability.

https://ELROND.com - Everything changed when the internet transitioned from dialup to broadband. Elrond brings broadband performance to blockchain

Website | WhitePaper | Telegram | Twitter | Facebook | Linkedin | Medium | Community | Github

[ngthnhien]

Another summary from ElrondNetwork




1 Elrond’s Journey: Git Visualization - https://www.youtube.com/watch?v=u3w14n24CSg

2 Elrond is now on Messari’s disclosure registry - https://messari.io/asset/elrond#profile

3 World meets Elrond tour  - https://t.me/ElrondNetworkAnn/190

4 Community registrations for the upcoming TestNet version - https://docs.google.com/spreadsheets/d/1D6CEyw6ug8fOK4AtvhWXhFzeb_CPnrVKROjDKvP9g6E/edit?usp=sharing

5 Weekly tech update - https://twitter.com/AdrianDobrita/status/1170005062153904132

6 Elrond-go repository wiki - https://github.com/ElrondNetwork/elrond-go/wiki

+ CryptoBubbles.io flash campaign

https://Elrond.com - Blazing fast, highly scalable blockchain

[tadpole_bitfrog]

Elrond has actually had a very successful IEO at Binance and the value is very high compared to the selling price. but recently Elrond has been unable to keep its high prices due to the fact that altcoins are constantly bleeding.
What will Elrond and the team do to improve the price of tokens in the future?

[LuckyBtc]

will there be a bounty program or something similar ?

Probably not. They already had a successful IEO, Mostly bounty programs run before IEO/ICO. Bug or developer bounty might happen.

Elrond has actually had a very successful IEO at Binance and the value is very high compared to the selling price. but recently Elrond has been unable to keep its high prices due to the fact that altcoins are constantly bleeding.
What will Elrond and the team do to improve the price of tokens in the future?

The team can't do anything about price like most projects, They'll simply deliver and build partnerships that would increase price I guess.

[royalfestus]

almost every project that got themselves enough hype to get binance etc., looks perfect but what has been the difference for failure after all this year?. Every new project shouldnt be scared to face criticism, I think the team should be thoroughly scrutinized and investigated. The space needs sanctity

[ngthnhien]

Weekly tech update Elrond Network

As usual, the weekly technical report of Elrond's hard-working team, this week the reporter is Iulian Pascalau (Core Developer)

1/ Compiled VM WASM libraries for Mac and Linux. Further speed and stability improvements. Developers can now deploy smart contracts on 4 engines - IELE-K with GO backend, WABT, Binaryen, WAVM

2/ Scripts created for easy compilation of the smart contracts written in C/C++ into an eWasmified binary, which can be deployed

3/ Smart contracts can be written in RUST and TypeScript using the EWASM API as well

4/ In preparation for real world use case, we've updated the denomination for ERD with 1e18, now every wallet implementation must take this into consideration and boost values with 18 zeros (e.g. to transfer 1ERD, value=1000000000000000000)

5/ Finished TxInterceptor validator engine that filters out improper transactions before reaching the transaction pool

6/ Finished TermUI update with new metrics like estimated time until sync is done

7/ Implemented a pools cleaner, a kind of garbage collector for unexecutable transactions found in pools

8/ Updated a new rest API endpoint that can output the same info displayed in TermUI but in JSON format

9/ General bugfixes and stabilization: fork choices are a hard problem to deal with. When stress testing the system, we are happy to find that most of the special cases are resolved

10/ General bugfixes (continued): But some bugs hide really well and bug hunting gets longer. Final decision being a good old refactorization.

https://Elrond.com - Blazing fast, highly scalable blockchain

[blockchain master]

something great happening around here let me have a look.. everyone promising near instant tx these days let me see how different this one is

[CryptTech]

How long ago did the project Elrond appear ?

[Boardmangetpaid]

Is there a recording of your AMA last August 20? I'm interested to see what the community asked about the near instant TX speed that makes Elrond unique. Wasn't able to attend.

[jc12345]

I notice in your roadmap that you will be creating an Elrond DEX. Since Elrond is BEP2 will this be a DEX on the Binance chain or do you foresee Elrond becoming its own chain independent from Binance chain? Also, on your roadmap there is mention of a payment gateway. Will this be to facilitate normal retail transactions by humans as you focus in your documentation on inter machine IoT transactions?

[ngthnhien]

The weekly report: Elrondnetwork Technology - By: Robert Sasu

It was a busy and productive week ElrondNetwork.  Read all about our technical  highlights in the thread bellow.

1. Added gas metering directly inside WABT engine, instantiated at the constructor, called only once at the node start-up. WAVM is the next in line.

2. First pre-release of Arwen WASM VM is ready. In order to further enhance the VM capabilities, an adapter on top of wasmer. This enables us to create a more general purpose adapter and to use package managers for WASM libraries.

3. Furthermore, the speed of Arwen is extraordinary, in case of fibonacci32 it matches the performance of WAVM, and it is 2x faster on string concat and cpu calculate benchmarks.

4. Started working on Elrond Environment Interface: functions and libraries for smart contracts, making it easy to develop the new dApps. The blockchain is abstracted, so the SC interacts with a key-value data and common functionalities provider.

5. Fixed bug in seednode that prevented new peers to connect to the network, as it did not advertise the public addresses.

6. Improved fork detector mechanism to prevent double sign attack and created an integration test for it, as found in testnet v1.0.16.

7. Added all the starting parameters into the session_info files, in order to easily debug wrong initial configuration scenarios.

8. Metachain nodes can now receive protocol rewards for every block created and added to the blockchain, making it worthwhile to act as a validator in metachain as well. Shards are obliged to process metachain rewards when they include a metaheader in their block.

9. Added multiple integration tests to verify if protocol rewards and transaction fees are processed in a multi-shard scenario as expected.

10. Created an eviction waiting list that will be used to remove older hashes and data from the trie database, thus decreasing the storage requirements.

11. Transaction pool needed a cleaner to eliminate all the data which is not valid anymore (old transactions). We implemented a small independent component to do the work in the background, when the node is not processing heavily.

12. Managed to have a debugging session in VS Code, using the Rust programming language and a WASM backend. IDE and tools will be developed to enhance the smart contract development experience.

https://Elrond.com - Blazing fast, highly scalable blockchain

[Lauda]

I notice in your roadmap that you will be creating an Elrond DEX. Since Elrond is BEP2 will this be a DEX on the Binance chain or do you foresee Elrond becoming its own chain independent from Binance chain?

I believe the plan is a DEX on the ERD chain, which would make much more sense to begin with.

[ngthnhien]

Last week in summary

1- Dubai event PR - https://www.asiablockchainreview.com/elrond-hosts-one-day-blockchain-event-in-dubai/

2- Elrond Network’s Golang implementation has exceeded 1,000,000,000 transactions - https://t.me/ElrondNetworkAnn/197


3- Elrond Staking Calculator - https://stakingelrond.com

4- First lessons on double-signing in a sharded architecture — Testnet v1016 - https://medium.com/elrondnetwork/first-lessons-on-double-signing-in-a-sharded-architecture-testnet-v1016-ba6ea7c226cb

5- Weekly Tech Update - https://t.me/ElrondNetworkAnn/199

=> Elrond wins G.Crypto community voting - https://t.me/Generation_Crypto/719

https://Elrond.com - Blazing fast, highly scalable blockchain

[ngthnhien]

Announcing the Battle of Nodes

Battle of Nodes Phase 1 Round 2 registration is now open!


    + Fill in this form (add up to 6 nodes per account): https://docs.google.com/forms/d/e/1FAIpQLSdb1ldR_nzfAxGNO3JVccnqjNQUtPZx9EFQ_53ojczCfK6Xqg/viewform
    + Remember to do KYC: https://www.westart.co/project/elrond-battle-of-nodes

$50,000 reward pool

https://Elrond.com - Blazing fast, highly scalable blockchain

[ngthnhien]

Another week of hard work brings great results from Elrond team, here's the report this week.

https://twitter.com/iulian_pascalau/status/1182697654859509761

1/ Meanwhile, @Ethereum Devcon V we were waiting for the genesis block

2/ During the first phase of BoN we released a patch for minor issues affecting a subset of our validators. In less than 24h ~95% of our online validators updated their nodes.

3/ Work on a rating calculator: increase the rating for good behavior (proposing, signing blocks etc.) and decrease the rating for bad behavior (offline).

4/ Moved the Node display name to a separate file because it doesn't have to be changed between patches.

5/ Updated our test transactions generator in order to keep up with the latest changes on the protocol.

6/ Work on signaling that new version of the protocol is available.

7/ Improved sync times by refactoring and updating a portion of the miniblock request mechanism.

8/ Work on miniblock compaction to remove excess miniblocks generated for the transactions nonce gaps.

9/ Continued the work on VS code extension to provide useful tools for Smart Contract developers.

10/ We never stop bugfixing, refactoring and polishing our code. Not during the night, lunch or holidays.

https://Elrond.com - Blazing fast, highly scalable blockchain

[JanpriX]

A quick update from the CEO few days ago. I think this should be posted here for other people to see it. Here are the details.

Elrond to be Integrated into Samsung’s Blockchain Ecosystem

Summary

• Samsung has integrated Elrond (ERD) token on its blockchain wallet.
• Elrond will be an integrated component of Samsung’s Blockchain Ecosystem, allowing Samsung users to get secure & easy access to the Elrond token and dApps powered by the Elrond network.
• In addition, a first consumer app integrated with Elrond will be announced and offered via the Samsung dApp Store soon.

Code: (SOURCE)

https://blog.blockfolio.com/this-week-in-blockfolio-signal-major-moves-from-tezos-factom-nexus-aion-and-elrond-d791cac6fb48
https://www.youtube.com/watch?v=vgI1DbH1gFc&feature=youtu.be

[rendravolt]

A quick update from the CEO few days ago. I think this should be posted here for other people to see it. Here are the details.

Elrond to be Integrated into Samsung’s Blockchain Ecosystem

Summary

• Samsung has integrated Elrond (ERD) token on its blockchain wallet.
• Elrond will be an integrated component of Samsung’s Blockchain Ecosystem, allowing Samsung users to get secure & easy access to the Elrond token and dApps powered by the Elrond network.
• In addition, a first consumer app integrated with Elrond will be announced and offered via the Samsung dApp Store soon.

Code: (SOURCE)

https://blog.blockfolio.com/this-week-in-blockfolio-signal-major-moves-from-tezos-factom-nexus-aion-and-elrond-d791cac6fb48
https://www.youtube.com/watch?v=vgI1DbH1gFc&feature=youtu.be

Really cool, ERD can go into the Samsung Blockchain wallet list. There are of course there are BTC and ETH, I haven't checked the application in PlayStore, after I traced it turned out to only support for Samsung S10 only.

[DrDelphi]

Super excited to announce our Samsung blockchain app - Battle of Elrond!

A mobile multiplayer game where you fight your enemies to capture their crypto treasure.

https://www.theblockcrypto.com/post/52590/samsung-blockchain-phones-set-to-feature-elrond-projects-gaming-app

Building useful mobile apps with just a hint of blockchain technology in the background should be the norm. This allows any consumer to enjoy cost reduction and privacy without the intricate blockchain-specific hassle.

Elrond & Samsung have entered into a partnership which will allow all Samsung users direct access to the Elrond blockchain. To demonstrate the seamless integration of blockchains into a consumer app, we’re building a mobile game with crypto microeconomics.

Up to 30% of the estimated $76bn mobile gaming market in 2020 will go to app store fees - that’s $20bn! The fast Elrond blockchain collects negligible fees and will be natively integrated with a massive consumer devices producer.

This can decrease prices, increase developer revenue and let players cash out their in-game earnings. Battle of Elrond is a promising example of how blockchain technology could help create and retain more value for gamers and developers.

Gems and stars are nice but $ERD is real.

With every game you win, you capture more $ERD.

Check out a video teaser for Battle of Elrond: https://youtu.be/sC0pnYFWBeQ

RT: https://twitter.com/beniaminmincu/status/1215559547923894272?s=20