What is Elrond?
Elrond aims to build a high-throughput blockchain that aspires to build the next internet-scale blockchain.
Recognizing that most scalability efforts by other projects are not sufficient in that the efforts are merely “kicking the can down the road”, Elrond set out to create a blockchain that is capable of 1000x throughput than most existing blockchains. This improvement of transaction throughput allows Elrond to handle even the most aggressive wave of user adoption.
What are Elrond’s Key Features?
Adaptive State Sharding - Real-time splitting and merging of shards as the demand for network capacity changes. At any time, the Elrond blockchain will juggle between network sharding, transaction sharding and state sharding, making the network capacity highly malleable as user demand requires.
Secure Proof of Stake ("SPoS") consensus mechanism - In line with Sharding, the Elrond Blockchain elects different validators within each shards in every validation round.
Elrond VM - The Elrond Virtual Machine (EVM) is a dedicated smart contract execution engine built on WASM. Developers can build on The EVM in whichever language they’re familiar with to be compiled in WASM.
How to Stake on Elrond?
Even prior to Mainnet launch, holders of ERD tokens can pre-stake to support the Elrond network and mainnet launch by delegating or running a validator node. Holders can stake anywhere from 10,000 to 100m ERD for a period of 30 days up to 90 days.Pre-staking of ERD can be done on https://genesis.elrond.com/ and connecting your Web 3.0 wallet. Currently, there is a total cap of 5 Billion ERD that can be pre-staked on the network prior to Mainnet launch.