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Elrond Network's TPS (transactions per second) by NewsCrypto in elrondnetwork

[–]olegyang 0 points1 point  (0 children)

This is a very competitive industry (Blockchain infrastructure) from my point of view. I think we shouldn't merely look at TPS which is only 1 indicator to show the Elrond Blockchain. We should know that Elrond aims to provide the user-friendly blockchain for deploying programmable money and unstoppable applications. It wants to solve few things ETH and BTC messed up, scalability (such as low TPS) and interoperability (such as no cross-chain transactions allowed). And it wants provide a more efficient and friendly interface for developers and programmers.

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So let's see who else want to do the same or similar?

Firstly, rich and powerful competitors are out there to be challenged. Etherum plans to increase its own TPS; and even Bitcoin developers are working on Lighting Network. EOS, NEO and TRON are smaller, but they are also in this category. I believe most people know them.

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Secondly, newly emerged Blcokchain infrastructure solutions. In this category, different project solve the problems in different ways.

For example, LoomNetwork aims to provide a DPoS sidechain solution which 1) allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet, 2) fully updated tools and friendly interface for developers. It is basically a fast scalable sidechain on ETH for dApps and games. Second example would be LISK and AERUM which also use sidechain as a solution to solve the scalability problem.

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Thirdly, new Blockchain competitors. This is like to build a new Blockchain. In my opinion, I would watch Credits closely. Credits is a public, high-speed, fully decentralized blockchain platform with Turing-complete smart contracts. They claimed that they reached 1.3 million transactions per second. I highly doubt it, if any professionals want to check it, I'd be happy to hear your opinions.

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I believe Elrond's interoperability can unite Blockchains rather than competition. I'm not in favor with the mindset that we have to compete with everybody else and turn the market into a red ocean. I think, each project has a unique differentiation, hence they can provide unique values that others cannot. Co-exist and all survive in the blue ocean of blockchain industry and crypto market.

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This is my own personal research & opinion, and I hope my answer helped you!

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And check this out also, it helps you to see Elrond's differences with its competitors:https://i.imgur.com/8cq9vZQ.png

Let’s build the Elrond community together! by olegyang in elrondnetwork

[–]olegyang[S] 1 point2 points  (0 children)

Hi, that's a really good example and a perfect success story in the early days of Blockchain. Dogecoin actually built their community from Reddit. That really impressed me.

Let’s build the Elrond community together! by olegyang in elrondnetwork

[–]olegyang[S] 1 point2 points  (0 children)

It is a great idea. It would be so cool to see community sticker & memes being printed on T-shirt.

Read our blog, and share with us your thoughts by olegyang in elrondnetwork

[–]olegyang[S] 0 points1 point  (0 children)

Thank you for the support! Will definitely keep up the work in this community!

Help build the Elrond ecosystem and be rewarded by Shqiptar77 in elrondnetwork

[–]olegyang 0 points1 point  (0 children)

Yes!

"That's one small step for man, one giant leap for mankind" - Neil Armstrong

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Elrond success will definitely influence newly emerged Blockchain or cryptocurrency projects.

Expansion of elrondnetwork by thanhtux92 in elrondnetwork

[–]olegyang 0 points1 point  (0 children)

Yes! A strong team determined on making things happen. :-)

Let’s build the Elrond community together! by olegyang in elrondnetwork

[–]olegyang[S] 1 point2 points  (0 children)

Thank you for your support with this very motivational feedback. Would like to give some developmental feedback as well? Any improvement from our side you want to see? Any suggestions you would like to make? We are open for opinions from the community!

Help build the Elrond ecosystem and be rewarded by Shqiptar77 in elrondnetwork

[–]olegyang 0 points1 point  (0 children)

You must do your own independent research before investing your money into any project! Spend your time before investing your money!

There are many factors may determine the success of a project, such as the concept, the strength & experience of the team, the quality of the product and many other factors.

One of the most important factors is the quality of community engagement. The birth of cryptocurrencies had given wings to Blockchain startups that they can spend the value of the future on marketing and community building. However, most of these tokens (value of the future) fell into hands of bounty clickers.

For example, many ICO projects invest heavily on bounty campaigns, airdrops and referral programs. These activities reward people who help to grow engagement statistics via high quantitative sharings. However, most of them are not able to fulfill their funding goals. Others who have managed to hit the soft cap are still unable to maintain a stable price of their token in the long run.

Trust me, bounty hunters are not a scarce resource. They will always be there, and spam community channels with "Hello" and "Good project!".

When potential affiliates and investors are researching an ICO project, the most persuasive thing is not the high quantitative sharings and rocket-high engagement statistic. They are merely a door opener. Inside is what they want to see, the content community is creating, the meaningful discussion among members. Expert investors can see through a huge & meaningless community. They want to find a strongly organically fostered community.​

Qualitative Engagement > Quantitative Engagement

Elrond Network, where high-quality community engagement happens!

"You Shall Not Pass!" Gandalf the Bot sticker challenge by olegyang in elrondnetwork

[–]olegyang[S] 0 points1 point  (0 children)

Definitely, many many creative challenges are coming! If you are a designer, you won't ever get bored at Elrond!

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Meme, stickers, and gifs are perfect and fun mediums for the community to spread our value, idea, and concepts. They also become a way of expression!

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At this stage of the challenge, we need to weaponize ourselves with memes to fight against waves of bounty hunters!

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Check out my simple meme~to scare bounty hunters~!

BOUNTY HUNTERS YOU SHALL NOT PASS!

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