The implementation of the Ad-Astra portal has elevated the Elrond blockchain (EGLD) to the next level. Lucian Mincu, co-founder and CIO at Elrond Network, has already announced the commissioning of this cross-chain bridge in May. Today, the portal is being tested with new EVM (Ethereum Virtual Machine) compatible chains.
Binance Smart Chain, the first to be integrated
The Elrond protocol is constantly working to take its blockchain to the next level. It aims to be highly scalable, fast and secure. Ad-Astra Portal implementation is among the latest upgrades made by Elrond. In service since May, this bridge is currently available to integrate EVM compatible chains. Binance Smart Chain is the first to be integrated.
BSC already provides compatibility with the current Ethereum mainnet. It’s time to test it with the Elrond blockchain. The test involves obtaining funds from the BSC testnet before linking them to Elrond’s public testnet. They would then have to be reconnected. Participants will provide feedback on transactions, possible bugs, etc. The data obtained will make it possible to optimize the performance of the portal.
Ad-Astra, an interoperability guarantor for Elrond
Users can very well move digital assets from one blockchain to another without a blockchain bridge. In this case, it would be necessary to go through many steps which generate costs. The user must first convert the crypto to fiat currency before exchanging the resulting sum into another token. This process is expensive and time consuming.
This is the whole point of an interoperability portal. The latter is even essential in the face of a constantly rising demand for Web3 services. With Elrond’s Ad-Astra portal, users can easily manage multiple currencies. And this, even between blockchains with different protocols, rules and governance models. Concretely, this portal allows an exchange of information, smart contracts, cryptocurrencies or NFT from one blockchain network to another.
The Elrond blockchain and its quest for scalability
The establishment of the Ad-Astra portal is part of Elrond’s ongoing quest to evolve its blockchain. The network wants to take the digital financial system to the next level. He wants to be one of the cornerstones of the Internet economy and wants to be one step ahead in this new financial era.
Elrond is a blockchain platform with a fragmented architecture. It uses the Secure Proof of Stake (SPoS) consensus algorithm. Development of the blockchain platform started in 2017. Elrond’s mainnet went live in July 2020. Its blockchain structure design enables high performance under high load conditions.
From the start, the team ofElrond saw big. And the least we can say is that he lived up to his goals. Blockchain has never stopped evolving. And with the Ad-Astra portal, it was able to put in place a robust, secure and resilient bridge. Through all these successful designs, Elrond is well on its way to accelerating the adoption of Web3 technologies.
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