Thread by @WesleyBKress

1/Before I ever settled on @ElrondNetwork $EGLD I studied the entire space of smart contract Blockchains. Read all white papers multiple times. Trying to understand the trade offs. This was long after I read 100’s of hours on the #ETHOS of Blockchains, the trilemma, & DAO’s $SOL

2/ Organizational structure, leveraging my extensive background in self studied human psychology & behavioral economics along with my more traditional academic background & teaching banking. I knew that because it was a paradigm shift & until I could understand most

3/ projects & technologies, strategies both successful & unsuccessful more importantly recognizing that today’s success was not representative of long term success or survival due to the technological cycle #CrossingTheChasm ie #BinanceSmartChain $BSC Who was building for the now

4/ The other project that I considered quite strongly was $SOL I think their CEO is a brilliant man. The problem I had is the deeper I looked they were incongruent with two of the most important principles of Blockchain #ETHOS equitable opportunity & inclusiveness (they talked it

5/ in their words mission&vision) BUT with their actions & execution not so. I wanted to give a more detailed visual breakdown of these 2 3rd generation High Performance Blockchains. I discuss $EGLD extensively here: I will go into primary reasons for not investing in $SOL👇🏼

https://twitter.com/wesleybkress/status/1416801052360278018

6/ I created 2 visuals (lower down). The reasons not included 📸for choosing @ElrondNetwork is superior economic model $EGLD, demonstration of equitable sharing via 30% royalties to developers best in class, Data efficiency/minimization (Elrond) vs. Data intensive which leads to

7/ centralization (which they are reactively using (ARweave) decentralized storage, also they had multiple down times of the network, & considering they put speed at the forefront on all their decisions this concerned me a lot. Also, Elrond is infinitely scalable essentially

8/ With their 1st principle adaptivity model. 4,294,967,294 maximum shards all able to process ~5,000 TPS (essentially infinitely scalable at (4,294,967,294*5,000TPS).The key core value proposition of the Elrond Network 1st principle design is adaptivity. Instead of starting with

9/ set number of shards which would remain fixed as it would be very difficult to fix in real time, Elrond devised a formula where you have a binary tree model. Initially it starts with 1 shard, which you can split into 2 shards, then you can split into 4 shards etc.

10/ This is adaptivity allowing one to add or subtract shards to maintain efficiency of the network as its needed. Explained here by Elrond CEO Beniamin Mincu. This can’t be implemented retrospectively so while many existing chains may or will add sharding it won’t have this

11/ capacity or adaptivity. With the very complex nature of sharding this needs to be considered from the start so $SOL is limited to hardware improvements or “scaling solutions”. The Fact 1 year has passed officially for Elrond $EGLD with zero downtime. This is #EXECUTION

https://twitter.com/lucianmincu/status/1421517156622159875

12/ With all of that said here are some of the main reasons visually represented along with why I believe that their strategic mistakes are why their AMM’s have trailed even inferior centralized solutions like #BinanceSmartChain $SOL #Solana in terms of #Adoption & #TVL
Visual #1

13/ These are the primary reason I believe @ProjectSerum underperformed expectations & why @RaydiumProtocol has surpassed it in AMM (DEX) on $SOL
Visual #2 #Solana

14/ Solana does have a theoretical limit in terms of scalability as well. With that said, a maximum of 710,000 TPS and 100 millisecond blocktimes at its theoretical limit, is quite substantial. But I would caution everyone to remember that the number of transactions of adoption

15/ does occur will need a backbone that can scale with demand as it will include Smart Contracts not just payments. This is where Elrond’s adaptivity shines & ability to scale with demand due its ingenious first principle design & master ALL 3 types of sharding. This is key.

16/In stark contrast Elrond Network with its superior 1st principle design, scalability is ensured with 4,294,967,294 maximum shards all able to process ~5,000 TPS (essentially infinitely scalable at (4,294,967,294*5,000TPS) due to implementing all three types of sharding

17/ techniques:
1. Network
2.Transaction
3.State
This exemplifies one of the key core value propositions of the Elrond Network 1st principle design, adaptivity. Instead of starting with a set number of shards which would remain fixed as it would be very difficult to fix

18/ in real time, Elrond devised a formula where you have a binary tree model. Initially it starts with 1 shard, which you can split into 2 shards, then you can split into 4 shards etc. This is adaptivity allowing one to add or subtract shards to maintain efficiency of the

19/network as its needed. Explained here by Elrond CEO Beniamin Mincu. This can’t be implemented retrospectively so while many existing chains may or will add sharding it won’t have this capacity of adaptivity. With the very complex nature of sharding this needs to be considered

20/ from start. All elements intersecting together is what led me to choose Elrond $EGLD 2nd largest community in all crypto with over 688,000+ accounts & super simple UX/UI (progressive security) least friction & "social names" (HeroTags) to simplify & enrich social scalability

21/ Most Importantly the best Leadership @beniaminmincu @luciantodea @LucianMincu & TEAM @fixone @radu_chis @iulian_pascalau @Oxsy_Sibiu @SasuRobert @ccorcov @andreimmarinica @SeverMM $EGLD ⚡️ They show it in their actions & execution. How they BUIDL. Implicit in its design.