Thread by @beniaminmincu

1/ Thesis: we are on the verge of entering a new blockchain era - one of simple, global, near instant, and inexpensive value transfer, for anyone, anywhere.

But how, you may ask?

For this we've built Elrond, the internet scale blockchain

2/ The internet serves as the most useful metaphor of how blockchain adoption will likely play out.

Looking back, there are 2 important inflexion points in the early days of the web: 🌎

upgrade100.com/updates/somewh…

3/

(1) the first inflexion point was the browser - which simplified things via point & click, dramatically lowering the barrier to entry, and enabling tens of millions of people to come online (thanks for Netscape @pmarca ).

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(2) the second inflexion point was the transition from dialup to broadband - which significantly increased speed and reduced cost, enabling new and more powerful products to be built on the web.

5/ Blockchain has seen extreme enthusiasm during the last years, but it has been largely stuck in high friction, low bandwidth dialup mode, despite repeated attempts to change that.

Just as with the internet, two important components are needed to enable the next adoption wave:

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(1) a high-bandwidth, low latency, high security, low cost blockchain network to accommodate internet scale performance.

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(2) a beautiful and radically simplified user interface, abstracting private key management and significantly lowering friction, to onboard tens of millions of users by enabling sending money anywhere in the world, just as simple as sending an email.

8/ This is a glimpse of what we've been working on day and night at Elrond, and as we are closer to the Genesis launch, we'll be sharing more.

P.S. Time to take a closer look at @ElrondNetwork $ERD🔥