Experience the power of Plasma
Using Plasma sidechains allows Elph to process transactions orders of magnitude faster than traditional blockchains like Ethereum, allowing for highly-scalable applications to run on a blockchain.
The sidechains are built on top of Plasma architecture, which means all assets on the sidechain are backed by the security of Ethereum. Users have the option to safely withdraw their exits from a sidechain at any time using Plasma's primitives.
Transactions are processed with one second block times, providing quick results back to the user. Users can instantly exchange cryptocurrencies, interact in real-time with decentralized applications, and execute smart contracts at low cost and high speed without running into network congestion issues.
As a layer 2 solution, Elph's sidechains can leverage Plasma architecture to interface with any blockchain. This allows Elph to act as a secure bridge between different blockchains, allowing for asset transfer and communication across multiple blockchains.
Elph's sidechains are compatible with Ethereum-based assets (ETH, ERC20, & ERC721) today, making it possible to instantly leverage the vast ecosystem of Ethereum tokens in applications built on top Elph.
Developers building on Elph's sidechains can customize their sidechains across a variety of parameters (e.g., the number of validators securing the blockchain, geographic distribution of validators, desired transaction throughput, and more). It's like Amazon Web Services for your underlying blockchain.
We're a team of seasoned industry researchers and systems engineers with diverse expertise in distributed systems, networking, parallel computing, large-scale deep learning, smart contracts, and cryptocurrency protocols. Our founding team holds degrees from world-renowned institutions such as Stanford, Berkeley, and UIUC and are alumni of Y Combinator and the Thiel Fellowship, the two leading startup incubators in the world. Having sold our last company working on a distributed file system to Box, we have a proven track record of leading the development of cutting-edge, production-ready distributed systems in the industry. Our team brings extensive experience building highly scalable, high-performance, resilient, and secure software systems to the blockchain industry.