Elrond Network And Saito Partnership Will Empower Developers To Use eGOLD
Saito is a layer one blockchain that pays nodes in the P2P network instead of miners or stakers, delivering a permission-less and scalable network capable of powering decentralized versions of Twitter, Facebook and Amazon without the need for predatory monopolies in the network layer.
The platform has been partners with Elrond Network for one goal and is that to empower developers to use eGold and other tokens issued on the Elrond Network in web applications and games running on the Saito decentralized peer-to-peer network.
“Elrond’s high throughput makes it the ideal backend for blockchain-enabled applications operating at an internet-scale. Saito addresses the user-facing performance, presenting an attractive option for Elrond developers looking for end-to-end scalability for their web products.” — Beniamin Mincu, Elrond Network CEO.
This collaboration will focus on making the two networks interoperable, so that Saito developers and users can add $eGold and Elrond $ESDT tokens as the currency fueling their applications and games, such as the ones already available for testing with the Saito Arcade.
“There is a great match between our two networks in terms of speed, scalability, and efficiency. Perhaps more importantly, the Elrond community is extremely active and we think that kind of audience will be a strong incentive for our users to integrate eGold and other Elrond assets into their apps.” —Richard Parris, Co-founder at Saito.
Elrond is a complete redesign of blockchain architecture with the aim to achieve global scalability and near instant transaction speed. Elrond’s approach for consensus is called Secure Proof of Stake (SPoS). It innovates in the manner in which validator nodes are selected for consensus out of a shard and also in the steps taken by the validators to complete the consensus process as efficiently as possible.
ABOUT ELROND NETWORK
Elrond is the internet-scale blockchain, 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.
ABOUT SAITO
Saito is an open network layer that delivers web3 to users. Applications on Saito can run without closed plugins, private APIs and non-open infrastructure. Saito runs without an owner while funding the nodes that provide routing and user infrastructure for its own network and other public blockchains. All this is powered by an entirely new blockchain design — Saito consensus.
RESOURCES
Elrond Blog
