Elrond network recently announced entering a partnership with Saito, the open network used to deliver web3 globally. The partnership will help developers use tokens acceptable on Elrond (like eGold) in web games and apps running on Saito’s P2P network.
With the collaboration, both ventures will make each other interoperable. It will lead Saito users and developers to use Elrond and eGold tokens as the crypto within their web games and apps. Users can check out games on Saito Arcade to get an idea of the games the network will support in the future. After the announcement, developers and traders quickly did searches like Elrond forecast to understand its implications.
What do the companies think about the partnership?
Both platforms released official statements regarding the collaboration. Beniamin Mincu (CEO of the Elrond Network) stated that any blockchain-based app running on internet-scale sees Elrond as the ideal backend due to its high throughput. With Saito’s help in addressing the user performance and an attractive UI, Elrond developers will get P2P scalability for their upcoming web games and apps.
Richard Parris (Saito’s co-founder) stated that the networks highly complement each other regarding efficiency, scalability, and speed. In addition, Elrond possesses an active community, and Saito deems the audience a great incentive to use eGold and additional tokens in the apps. The DeFi community has high hopes for the integration. Considering the stature of the parties involved, it will deliver esteemed results.
Saito, the open network used to deliver web3, recently joined hands with Elrond. The integration will allow developers to use eGold and additional tokens to back web games and apps running on the Saito network. Both companies shared their delight regarding the development, and the community is welcoming it as well.
Elrond is an internet-scale blockchain network designed to provide appreciated speed and throughput. Elrond achieves it using a PoS and Adaptive State Sharding mechanism. Thus, it serves a quick, secure, and efficient consensus ecosystem. Elrond is capable of processing 15,000 TPS with a mere 6-second latency and minimal cost. This makes the network the cornerstone of a borderless, worldwide accessible, decentralized internet circuit.
Saito is known as an open layer network that serves web3. It allows apps to operate without any private APIs, closed infrastructure, and closed plugins. It operates without any owner and funds the nodes that offer user and routing infrastructure for Saito and other blockchains. The entire ecosystem is backed by its new blockchain approach called Saito consensus.