Elrond developers work for the future and think at least ten years ahead…
The idea of creating the Elrond project appeared at a time when the cryptocurrency market saw a significant increase in the popularity of the Ethereum blockchain. This happened in the fourth quarter of 2017. After reviewing the technology of various blockchains, Elrond developers decided not to look for easy ways, but to create their own blockchain from scratch, which will significantly increase the speed and scalability of the entire ecosystem in the future. It was a super-task set by the creators of the project. The main inspirer and organizer of the project, Beniamin Minku, gathered around him specialists who were ready to work actively in this direction without sparing themselves. All these people were insistent crypto enthusiasts who directed all their previous experience and creativity to the creation of the future Elrond platform. In his remarks, Beniamin Minku stressed that their main task was to create a platform that would not bring a gradual or temporary improvement in scaling, but would make a real breakthrough in this area. He compared this to the evolution of the Internet in his time. He was referring to the key moment in history when the Internet moved from a system of remote access to broadband. It was after this transition that it became possible to create tens of thousands of applications on the network, which are now used by every inhabitant of the planet. This revolutionary improvement is clearly needed for the entire crypto community today.According to Beniamin Minku, Bitcoin and Etherium are trying to improve their existing platforms, but this tactic is wrong. It is aimed at the short term and can improve the situation only for the next year or two. However, the world of technology is developing at such a crazy rate that this tactics of patching holes will not help the industry as a whole, but only slow down the process of stagnation. Elrond developers work for the future and think at least ten years ahead. They are not satisfied with the short-term immediate result and they want to look far into the future.
Today, the Elrond network is much more advanced than any other blockchain. Time will tell what will happen next. On the test Network Elrond, which took place live, a good question was asked from users and it sounded like this: “Why did you choose the name Elrond? The answer that we heard from the developers, in my subjective opinion, contains a philosophy and strategy for the further development of the project. The answer was something like this: Elrond is an elf who seeks to change the world for the better. Based on his wisdom and strength, he comes to the aid of those who are in trouble and always comes out the winner of difficult situations. This answer says a lot.
Elrond Website: https://elrond.com
White paper: https://elrond.network/files/Elrond_Whitepaper_EN.pdf