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by zilebune 1978 days ago
TLDR - https://github.com/ElrondNetwork

I've been following Elrond's progress for a few months now, with great interest. Some key core features: - Their blockchain application itself id written in Go

- the Smart Contracts VM can run any language that compiles to WASM

- They have an extensive Smart Contracts Rust framework

- Elrond Standard Digital Token is also live on their Testnet and will also be launched in a few weeks, an equivalent to Etereum's ERC-20

- Also, their mainnet is capable at 16k TPS in current config, but it can scale to at least 263k TPS (figure from their pre-launch public scaling tests) which is waaay more than any other blockchain can do, including estimated throughput figures for ETH2

The two most recent features they plan to introduce in the next few weeks are SC formal verifications as well as meta-transactions:

https://elrond.com/blog/technical/

However, I find most interesting about Elrond is they are planning to launch Maiar on the 31st Jan, a non-custodial wallet to make interraction with cryotos easy for the common folk and enable the onboarding of many millions new users.

https://maiar.com/
1 comments
rkagerer 1977 days ago
Maybe you could shed some light. The landing page says No username, no password, no recovery phrase to backup. Just use your phone number.

Does that mean my wallet can be stolen via SIM swap?

Later it says In the event where your phone is lost or stolen, your private key (recovery phrase) can be safely used to recover your funds.

...which seems to contradict the "no recovery phrase" bit?

link
zilebune 1975 days ago
That's a good question and I've seen it partially answered on their Telegram group: Maiar offers the option to back up your private key to an off-chain location (eg. Google Drive), so if you do choose to back it up it can be used to regain control of the wallet.

However, the app is still in beta, with GA date on 31st Jan via both Google & Apple stores, so I don't know precisely if its linked to the IMEI or if it fingerprints the phone in other ways to allow recovery of said wallet & prevent SIM takeover attacks.

Looking fwd to the official docs/FAQ addressing this topic as well, which I expect the team will publish along with the app release soon...

link