Dubai, United Arab Emirates:  Elrond, a user-friendly blockchain for deploying programmable money and unstoppable applications is all set to host it’s Blockchain C-Level Industry briefing event in Dubai, tomorrow, 9th September. A one-day event organized by Agora & Woodstock Fund aims to bring forth the path breaking technology that solves the trilemma of Scalability, Decentralization and Security.

After a successful series of top enterprise engagement in South Korea last month, Elrond looks forward for this private gathering of Enterprises, Service Providers & Institutional Investors, since Dubai is a global leader in Blockchain innovation, adoption and investment as well as the city which is known for its infrastructure and attractiveness for business.

Elrond is built by a team of experienced entrepreneurs along with 13 engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA. The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.

Mr. Beniamin Mincu, Co-founder & CEO of Elrond says “We are extremely delighted to begin our Dubai chapter. Blockchain is the most foundational technology to appear on world stage and Dubai has already made remarkable strides as a pioneer.  We are excited to host more than 30 Senior Level Leaders from Government and Private organisations as well as selected investors at the event and are looking forward to see active participation on a complete new Blockchain infrastructure that we are building up on”.

Elrond brings a 1000x improvement in throughput, execution speed, and transaction cost-efficiency. With improved user experience and lower barriers to entry of network participation through low staking cost and low computational requirements, the company has published a technical paper, validated the core hypothesis through a prototype, and is close to mainnet launch.

-Ends-

About Elrond

Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permission less, borderless, globally accessible internet economy.

For more details, please visit - https://elrond.com/  & contact lucian.todea@elrond.com 

For more information, high-res images or interviews, contact:
Sameer Joshi
sameer@yardstick-marketing.com
Tel: +971 52 227 4859

Dimple Menezes
dimple@yardstick-marketing.com
Tel: +971 586446608

Yardstick Public Relations
PO Box - 116125, Dubai, United Arab Emirates                                                         
Tel: +971 4 351 8584

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