6/6 With Elrond we enter the next blockchain era⚡️
Network sharding: subdivise validators!
Transaction sharding: parallelize work!
State sharding: split storage!
Elrond achieves all these 3 sharding mechanisms, and does so in an adaptative way🤯
https://t.co/mGWebrfb0Z
5/6 Adaptative state sharding
Get both scalability and security thanks to @ElrondNetwork adaptative state sharding!
Idea: dynamically adjust the number of shards to cope with network load💪
Therefore the number of validators inside each shard is always sufficiently big.
4/6 Sharded blockchains are great, but:
- with too many shards (like 1 shard per validator node) the network is vulnerable to attacks,
- with too few shards (like 1 shard) the system can't scale to high TPS.
How to pick up the right number of shards?
Scalability vs Security?
3/6 State sharding
Still, in order to validate txs, each node must know about the entire blockchain state (accounts, contracts,..)
With state sharding, validators only store the state of their shard.
This removes the storage bottleneck and makes it easier to be a node!
2/6 Transaction sharding
With transaction sharding, several blocks are processed in parallel by the different groups of validators.
Therefore, the network can validate much more txs at a time!
1/6 Network sharding
In a blockchain like Bitcoin, all nodes in the network try to mine each single block.
This is unnecessary. With network sharding, only a subgroup of nodes is selected to mine the current block.
Other nodes are then free to work on another task!
⚡️Elrond's superpower: Sharding⚡️
@ElrondNetwork is the only blockchain to implement 3 types of sharding simultaneously🔥
Sharding solves the super hard scalability-decentralization-security trilemma, as explained by Ethereum co-founder Vitalik Buterin:
https://t.co/Uw7N1I6BTw
The first #ElrondNFT drop for Drifters takes place on Thurs, January 20th at 18:00 UTC
In celebration, we are teaming up & giving away 20 WL spots.
To enter:
-follow @validatorsNFT + @drifters_nft
-retweet
Winners to be chosen at random. Will end at 1:00 UTC tomorrow, Jan 19
1/10 Hey #ElrondCommunity! Here it is an informative thread on who we are and our unique approach to the #ElrondNFT world. Let’s discover our vision and mission 🦖⚡️
🚨FAST GIVEAWAY🚨
Hey $EGLD fam!
We'll help @drifters_nft reach 3000 subscribers!
Lets show that we are the best crypto community here 💎
✅ Follow Drifters + retweet & tag 2 friends
To win:
1 #NFT from my personal collection + 0.1 $EGLD
⏰ End in 3 hours! ⏰
Our two teams joined forces, and decided to give to 2 of you an amazing gift 🎁 !
1st win : 1 Wolf from High Street Wolf Society 🐺 !
2nd win : 1 Maiar silver from ArtCoiner 🪙 !
To participate :
- Follow @HighStreetWolf and @Art_Coiner
- RT + Like 🔥
Ends 17/01 - 8PM UTC !