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Elrond Joins the Flipside Data Cooperative

flipsidecrypto Oct 16, 2020

Elrond is the latest in a series of blockchain projects to join the Flipside Data Cooperative – a transparency initiative for partner networks to showcase their on-chain activity publicly. 

The Flipside Data Co-Op does a great job of immediately conveying the effervescence of the Elrond on-chain activity. It has become an important addition to our growth tracking and decision making toolset” – Beniamin Mincu, CEO at Elrond

The public release provides unparalleled insights and data into Elrond’s health as a project. 

Community members can now watch all EGLD token flows in real time, and view any deposit and withdrawal made to centralized exchanges. The on-chain activity of validators, top movers (asset flows for accounts involved in transfers of over 1,000 EGLD), and less active wallets can be discerned separately. 

Benchmarks are also provided to compare Elrond’s median on-chain volume, transactions, and unique addresses among more than 40 blockchain networks that are monitored by Flipside. Despite the fact that Elrond only recently launched on its mainnet, its median number of daily unique addresses already stands above average. 

“We started the Flipside Data Cooperative as an initiative to bring more transparency to the crypto space, and Elrond was one of the first projects to jump on board. From the very beginning, their team has been dedicated to using our insights to increase decentralization and community leadership. We are thrilled to be partnering with them to further their efforts in fostering trust and collaboration with their users.” – Dave Balter, CEO at Flipside Crypto. 

About Elrond (EGLD): 

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. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

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