Sense4FIT White Paper
  • Introduction
  • πŸ“‰Market overview
    • πŸ“±Fitness apps
    • πŸ’ΈMove2Earn model
    • πŸ‘₯Competitors
      • πŸ—οΈSolution
  • πŸ™ŠNFT Concept
  • πŸ‘ΎExperience, Energy, Power-ups & Mystery Boxes
    • πŸ€“Experience
    • πŸ‹οΈβ€β™‚οΈEnergy
    • πŸ’ŽPower-Ups
    • 🎁Mystery Boxes
  • 🏁Start earning now
    • πŸ…Workout rewards
    • πŸ‘†Single Mode
    • πŸ–οΈGroup challenges
    • 🀝Team challenges
  • βš–οΈNutrition & Mindfulness
    • 🍭Nutrition
    • πŸ§˜β€β™‚οΈMindfulness
  • πŸ›οΈSocial challenges
  • πŸ’‘Referral system
  • ⛓️Blockchain
    • ✳️Elrond: The optimal partner
    • βš’οΈAdaptive State Sharding
    • πŸ”Secured Proof of Stake
    • πŸ’³The Maiar wallet
    • πŸ…ΎοΈToken
    • βš™οΈToken Utility
    • πŸ“ˆTokenomics
  • πŸŽ‡Resources
    • πŸ“²Sense4FIT App
    • πŸ“½οΈProof-of-Activity
    • The fitness tracker
    • πŸ”°Anti-cheating system
  • πŸ“³Business model and revenue streams
  • πŸ›£οΈRoadmap
  • ❕Legal notice
    • 🏷️No Liability Disclaimer
    • πŸ’ŸHealth and Safety Disclaimer
    • πŸ“–Token Disclaimer
    • 🧱Token Risks
    • πŸ’ΎRisk of Software Weaknesses and Smart Contract Risk
    • 🏺Regulatory Risk
    • πŸ’ΏOracle Risk
    • 😬Risk of No Success
    • πŸ“‰Risk of Depreciation
    • *️Risk of Abandonment
    • 😨Risk of Hacks
    • ⛩️Risk of Blockchain failure
    • πŸ’₯Conclusion
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  1. Blockchain

Elrond: The optimal partner

Sense4FIT has chosen Elrond as being the most suitable and exemplary blockchain to build its project on for a number of reasons. Primarily, because it surpasses the role of being solely a blockchain protocol that facilitates high transaction throughput and is a complete ecosystem that offers a scalable and secure platform on which Sense4FIT can grow and thrive.

The Elrond blockchain is perfectly designed to provide decentralization, security, and scalability for Sense4FIT, the distributed transactional computation protocol offers features such as sharded state architecture and a secure Proof of Stake consensus mechanism, as well as functionality on average computers as opposed to other high energy-consuming networks. This makes it low cost, high speed and extremely efficient, it is built to provide utility across the spectrum of use cases.

The fact that it is a carbon-negative blockchain, resonates with the Sense4FIT social goal, Elrond is committed to ensuring that its technology is making a positive contribution to the planet and leads the way for sustainable innovation in line with the European Climate Policy. It has a strong blockchain network and regularly invites hackers to stress test it and try to penetrate it, thus providing Sense4FIT with a safeguard.

Two of the innovative, unique features that Elrond leverages are Adaptive State Sharding and a Secured Proof of Stake consensus mechanism, which together offer industry-leading scalability and remarkable network efficiency.

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Last updated 2 years ago

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