The Beginner's Handbook Elrond is a piece of software that intends to motivate a distributed network of computers to run a smart contract platform with a focus on scalability and low transaction fees. Elrond is thus intended to compete with major blockchains such as Ethereum and Zilliqa, to grow an ecosystem of decentralized applications and coins. Elrond does this through the use of two distinct features: Adaptive State Sharding The process of dividing the Elrond infrastructure to accommodate more transactions and programs. SPoS (Secure Proof-of-Stake) – The mechanism designed to sync disparate network components to a shared ledger.