How Is the Elrond Network Secured?
- Elrond uses what it calls a secure proof-of-stake consensus algorithm in which nodes must stake their EGLD tokens to participate in the validation process, and each validator is assigned a rating score based on past activity.
- Validators are randomly selected in a way that can be neither predicted nor modified based on the previous round of validations.
- Nodes communicate among one another using modified Boneh-Lynn-Shacham, or BLS, multi-signatures for strong cryptographic protection.
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