Guys i have a question. No intetion to FUD or something, just a curiosity. I see everywhere that in this bear market a lot of projects will dissapear because they won’t have the funds to continue development. Will Elrond have the funds to stay on track if the bear market gets even worse?
Of course, Elrond bootstrapped the network and grew it from Just 5 million, there are funds available now for development and team wages etc, they will continue building regardless of market conditions
Most will go down because their project solves nothing and is based on hype. Elrond is coming along trying to solve financial issues like cost vs speed .Elrond is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable and interoperable. Elrond’s main contribution rests on two cornerstone building blocks:
A genuine State Sharding approach and an improved variation of Proof of Stake (PoS) that ensures long term security and distributed fairness, while eliminating the need for energy intensive PoW algorithms. That is why you should invest Only on projects with a future need like Elrond.
Of course, Elrond bootstrapped the network and grew it from Just 5 million, there are funds available now for development and team wages etc, they will continue building regardless of market conditions
Most will go down because their project solves nothing and is based on hype. Elrond is coming along trying to solve financial issues like cost vs speed .Elrond is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable and interoperable. Elrond’s main contribution rests on two cornerstone building blocks: A genuine State Sharding approach and an improved variation of Proof of Stake (PoS) that ensures long term security and distributed fairness, while eliminating the need for energy intensive PoW algorithms. That is why you should invest Only on projects with a future need like Elrond.