We have started a collaboration with Saito 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.
Saito is an open network that runs cryptocurrency applications in browsers without plugins, private APIs, and non-open infrastructure.
Our 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.
“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.” said Beniamin Mincu, Elrond Network CEO.
“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.” said Richard Parris, Co-founder at Saito.
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.
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.