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Elrond
1 ElrondA Highly Scalable Public Blockchain via Adaptive State Shardingand Secure Proof of Stake[Technical whitepaper release 2 revision 1]Updated chapters: [5 - 13]June 19, 2019 - The Elrond The advent of secure public blockchains throughBitcoin and later Ethereum, has brought forth a notable degreeof interest and capital influx, providing the premise for aglobal wave of permissionless innovation. Despite lofty promises,creating a decentralized, secure and scalable public blockchainhas proved to be a strenuous paper proposes Elrond , a novel architecture which goesbeyond state of the art by introducing a genuine state shardingscheme for practical scalability, eliminating energy and com-putational waste while ensuring distributed fairness through aSecure Proof of Stake (SPoS) consensus.
2 Elrond proposes a solution for this problem below, but first some notions have to be defined: users and nodes. Users are external actors and can be identified by an unique account
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