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Lucian Todea Co-Founder And COO Of Elrond And Maiar -The Serial Entrepreneur And Humanitarian

Lucian Todea Co-Founder And COO Of Elrond And Maiar – The Serial Entrepreneur And Humanitarian

The Serial Entrepreneur And Humanitarian Improving And Enriching People’s Lives.

Completing the trinity of co-founders at Elrond is Lucian Todea, bringing his skill set to the table serving as Chief Operating Officer (COO). He is the epitome of entrepreneurship and an active investor in startups and the Blockchain space, with more than 15 years of experience in technology-related businesses. This article will highlight Lucian Todea’s achievements and essential role at Elrond.

Who Is Lucian Todea?

Lucian Todea is an entrepreneur, angel investor, and technology industry executive with significant experience spanning operational practice, business development, general management, and leadership. With his international savoir-faire, he has many accolades to his name.

Working alongside Beniamin Mincu and Lucian Mincu, he complements the humanitarian ethos embedded in the Elrond culture and narrative.

Passionately cited by Lucian Todea,

“Technology was never about technology, but about improving and enriching people’s lives.” 


Image source: oradesibiu.ro

Lucian Todea’s Background And Career

Lucian Todea is from Sibiu, Romania, and attended The Bucharest University of Economic Studies for three years from 1999, specializing in Finance, Insurance, Banking, and Stock Exchange. In 2001, at the age of 21, Lucian launched his first website as a student, initially called softrom.ro, and was addressed exclusively to the online market in Romania. 

"I created Soft32.com out of passion and just to ensure an extra income during my student days, the initial investment being only $ 3 a month, which is the Internet connection subscription. I started with 200 programs, and now the number theirs is 100 times bigger ", stated Lucian Todea.

The portal was later renamed Soft32.com, and the English version was created to attract users globally. In 2002, Lucian decided to drop University to build and expand the Soft32 distribution platform. 

It consists of many software applications (freeware, trial, or shareware) for Windows PC and Linux, Unix, Mac, or Apple users. It is one of the most popular download platforms in the world. It has since become internationally renowned, and at its high point, Soft32 listed more than 150,000 apps and was visited by more than 10,000,000 users each month. 

As a result, Lucian took the first step towards entrepreneurship in 2003, launching the company ITNT, and is the company behind Soft32. After only three years of existence, ITNT has become one of the leading companies of its kind in the region. 

According to the Business Directory of Romania (2006, 2007, 2008, 2009, 2010, 2011, 2012), it is “a big player in the economy.” In 2014, and 2016, it was acknowledged by Deloitte Technology Fast 50 as one of the fastest-growing technology startups in the Middle East, Africa, and Europe, respectively. 

Lucian Todea- The Serial Entrepreneur and Angel Investor

Lucian is a serial tech entrepreneur and is actively involved in various other technology and blockchain projects. He is either a founder or partner in technology startups such as mobile payments (Mobilpay), travel (Travelgator), and mobile advertising (Mobaba).

As an angel investor, he invested in several companies, including;

  • Smartbill – The most used Romanian invoicing and accounting SaaS platform.
  • TypingDNA – (Techstars NYC'18 Company) offering typing biometrics and 2FA solutions for securing devices and web applications. 
  • Homefresh – The pioneer meal kit delivery service.
  • MPV Fund – A micro-financing business angel fund that targets the best tech startups in Romania. 

He is also a mentor, advisor, and member of MVP Academy, MVP Angels, TechAngels, VentureConnect, How to Web/Startup Spotlight, InnovationLabs, etc., and states on ICO Bench, “On my way to unlock the best version of myself.”

 


Image source: Turnul Sfatulu News

Lucian Todea – The Ironman

As Lucian was wholeheartedly focused on his career for many years, there was little time or inclination for exercise or sports. Twenty years prior, he was adept at swimming and athletics, but being sedentary for an extended period brought about a fundamental change, and in 2015, he decided to participate in marathons. 

Lucian became addicted to exercise again after successfully finishing a half marathon in 2015. He then competed and finished in the Half-Ironman in Barcelona in 2016 and went to the full Ironman in 2017 in Austria. 

From the time he ran his first marathon, it rekindled his love for sports, and it became clear to him he needed to keep moving and take on new challenges, more extensive and harder to reach. 

In a 2017 interview, Lucian said that the idea of preparing for something that seemed impossible was enough to motivate him to start training for Half-Ironman, then for Ironman. 

When asked how does he find the time, Lucian replied,

“Once exercise and sports are part of your daily routine, and you get to enjoy what you do, finding time is not such a big deal. Priorities change much easier if we really want to find the time.”


Image Source: Twitter 

Lucian is very active on Twitter and LinkedIn, keeping his followers updated with the latest acquisitions and partners to the Elrond Network, with a strong focus on The Maiar DEX and Maiar digital wallet and global payments app. 

Lucian Todea – The Empath

Although he is a lover and architect of emerging technology, his empathy towards the human factor drives him to create a human-centered system of self-sovereignty, data, and privacy protection. – A simple design and protocol for the regular person to understand and easy to use: the fewer steps one needs to perform, the better. 

Today, in our techno world, the internet and smartphones have become an essential part of living, but cyber security is an escalating problem that is alarming and overwhelming for most. Plus, the data giants relentlessly mine, harvest, and track users throughout their entire online experience and their movements in the physical world through the use of their mobile devices.

Free to use social media companies are renowned data-giants that control immense monopolized silos of user data valued at trillions of dollars of market capitalization of which is auctioned off to the highest bidder with little concern of how the information could be ultimately used to commit identity theft, stalking, or industrial espionage.  

Lucian believes the problem with the current status quo is that so few of the general populace understand the technology they are using. He believes education is key to expanding the technical literacy of the general public, so citizens can have a basic understanding of how the technologies around them operate. Not just so that they can use these tools to their full advantage but also so that others cannot take advantage of their technological ignorance and harm them. 

Lucian cited in his article,

“We have a literacy problem around the world, and it’s not the one most think of. It is the problem of technical literacy. In a world replete with gadgets, algorithms, computers, wearables, RFID chips, and smartphones, only a minute portion of the general population has any idea how these objects actually work.

Those who know how to code will hold power over those who don’t in the same way that those who could not read and write in the last centuries found their opportunities limited.” 

Elrond and Maiar address the issue designers of security products and systems have when communicating with their users. It’s a matter of having an intrinsic understanding of how people interact with computers and smartphones.  Lucian opines that new opportunities for innovation open up when you start the creative problem-solving process with empathy toward your target audience.

In the video below, Lucian Todea introduces the Maiar smartphone app designed to be simple and a completely reimagined way to interact with money. 

Lucian emphasizes, 

“We, at Maiar and Elrond, envision a future where your login is your wallet, that encapsulates your digital identity (and aliases), protecting your privacy by default and by design through a combination of multifactor authentication and biometrics and blockchain security and crypto-economics mechanisms.” 

Transitioning To A More Sovereign Web 3.0

Blockchain technology is the underlying infrastructure of cryptocurrencies and distributed data systems. The technology makes it possible to achieve a sovereign and autonomous landscape, and decentralized identity, not controlled by a centralized authority rampant with surveillance techniques, data harvesting, and tyrannical censorship. 

Lucian Todea and his team at Elrond and Maiar are committed to bringing an uncomplicated user interface, economic incentives, and a new wave of applications built focusing on empowering privacy and agency by default for every individual. Maiar and Elrond stand as foundational layers to accelerate the transition and be an active part of the solution. 

To transition to a new web era and solve the fundamental issues currently plaguing existing platforms, there needs to be a change in the basic structures we have in place, enabling a shift to more human-centric computing and the rise of the sovereign individual.

Lucian states,

“The rise of the sovereign individual can be achieved through a decentralized identity, the general idea being that users could store identity information on the blockchain, and their permission would be required for third parties to access it. This stands in contrast to the status quo, where data is held at countless third parties and regularly obtained without the user’s knowledge, much less consent. 

Permission-less programmability, compounding programmable and economic incentives, and strong underlying network effects governing blockchain architectures are the key elements that can be the building blocks of a new, better, and safer web. While it may be impossible to “live off the grid” in today’s modern world, we can, by all means, design a system that is much more protective.”

 

Claiming Back Our Privacy And Sovereignty

Both Elrond, as an internet-scale Blockchain and Markethive, the blockchain-driven social media, marketing, and broadcasting network for entrepreneurs, is concerned for those who suffer the economic and social harms from leaked data and lack of ownership of proprietary content. 

The massive amounts of data and information garnered by the tech giants have enormous consequences for the user. Information is being used in ways not disclosed initially or even worse to control our behavior and decisions. 

They say it’s to give us a better user experience. In fact, Facebook, Google, et al. are incentivized to gather an escalating amount of personally identifiable data and sell to thousands of data brokers globally at a profit. That is their business model, which is totally incongruent with public safety and security.

The immense amount of data they collect is worth much more than any advertising revenue and predominantly why engaging on their social media platforms is free to the user. A huge but precarious tradeoff, and for the tech giant, it’s all about the money and control. 

The interesting thing is that it’s estimated that each Facebook user worldwide only generates about $32 in ad revenue for the company per year. Why not send Facebook $32 in ad revenue? Then they could leave us alone. We could just as easily support internet companies or platforms with the goal to store as little personal data of ours as possible in exchange for small sums of cash or crypto. 

There is a fundamental mismatch between the fact that a central entity captures almost the entire value created by the community of users and that these users don’t receive any financial upside in return.

The risk of emerging digital dictatorships in which all power is concentrated in the hands of a few central entities is higher than ever. The critical thinkers want to prevent a dystopian future of surveillance capitalism and politics capable of knowing us better than ourselves and influencing our decisions. Plus, the centralized servers may withdraw their internet access to any company or individual that doesn’t maintain their narrative. 

The solution and key are to bypass the centralized entities with a blockchain-driven distributed database capable of minting cryptocurrency, thereby creating an ecosystem for the community. Empowering users with their own data and ways to earn crypto with applications built upon decentralized data networks will increase trust between the individual and the platform.  

This is precisely what Lucian Todea is working towards, along with the team at Elrond. Thanks to technology and humanitarian-centered architects creating a more sovereign and straightforward system for the people, platforms like Markethive and its community can exist and thrive, empowering the individual and keeping the entrepreneurial spirit alive, which is being eradicated by the ever-increasing dictatorship of the centralized overlords. 

 

References;
LinkedIn
Twitter
Maiar
Everipedia
Turnul Sfatului

 

 

Thomas Prendergast

Lucian Mincu Co-Founder And CIO Of Elrond – The Architect Scholar Creating The Next Wave Of The Internet Economy

Lucian Mincu Co-Founder And CIO Of Elrond – The Architect Scholar Creating The Next Wave Of The Internet Economy

Elrond has a distinct advantage of having a team of professionals with both technical and entrepreneurial backgrounds. Beniamin Mincu had the spotlight in my previous article covering Elrond, highlighting his entrepreneurial skills by working with Blockchain start-ups and leading the marketing, business, and community-building efforts in his career. Today we’ll give center stage to his brother Lucian Mincu, the man and hardcore engineer behind the complex infrastructure of Elrond.  

 
Who Is Lucian Mincu?

Lucian Mincu is a Co-founder and Chief Information Officer (CIO) at Elrond. He is an infrastructure engineer with experience designing and implementing complex infrastructure and network architecture. He has been developing integrated products and network solutions for major corporate clients, including the German government, for over eight years. 

Lucian is a strong advocate of breakthrough technologies and believes that Blockchain integration should only happen if it creates real value, giving anyone anywhere easy access to the digital economy by bringing a 1000x improvement in blockchain speed, scale, cost, and user experience.  

 

Lucian Mincu’s Background And Career

Lucian studied Computer Science at Industrie- und Handleskammer (Chamber of Commerce and Industry). He started his career working as an IT consultant in Sibiu, Romania, in 2010, where he assisted a broad customer base in solving issues related to PCs, Laptops, Workstations, Mobile devices, and Printing Devices. He also provided Web Administration and Web Mastering solutions using Python, HTML, PHP, XML, CSS, and JavaScript.

In June 2012, he joined Unhrenwerk24 UG, Ingolstadt, Germany, as a CTO, where he was responsible for creating and implementing sales strategies on end-to-end business solutions. He also worked closely with the management team on important subjects.

Lucian then worked as an IT System Engineer at Cetto Services GmBhIn in March 2014. His primary focus was on designing complete bottom-up infrastructures for optimized customer solutions. He was also in charge of the entire infrastructure for more than 20 education institutions.

Lucian Mincu joined LIEBL SYSTEMS GmbH in December 2016 as a Senior IT Security Consultant and Project Management. He was in charge of the infrastructure of several big institutions across the German State. 

Lucian entered the blockchain space in 2016, where he and his brother Beniamin Mincu founded Metachain Capital and ICO Market Data and served as Chief technology officer till December 2017. He is currently a Co-Founder at Elrond Network, along with his brother, Beniamin Mincu and Lucian Todea. 

Lucian says,

“Great products are built by exceptional teams & communities.
Exceptional does not only mean great tech but, more importantly, the ability to remain resolute under significant pressure, putting in all efforts needed to overcome challenges.
Onwards & upwards.”

Lucian is not one for producing videos; he leaves that to the entrepreneurs of the company. However, he is very active on Twitter with 64.7K followers. He constantly updates the community with Elrond’s progress and up-to-the-minute integrations and tech as it happens. 

He is loved for his timely updates and ability to communicate all things Elrond transparently. He indeed excels at his role of Chief Information Officer, resulting in an exciting, face-paced unprecedented Blockchain project and community growing exponentially. 


Image source: Twitter

Furthermore, the Elrond Network has a very active community on GitHub. GitHub is where millions of developers and companies build, ship, and maintain their software and is considered the largest and most advanced development platform globally.

 

Elrond Community

The size and enthusiasm of a community can directly impact the awareness and adoption of a cryptocurrency project, affecting marketing and general trading volumes. Elrond’s Telegram Community has over 53K members and is highly engaged. Elrond’s communication abilities and transparency are exceptional and are good reasons why it generates so much interest.

Mainstream is becoming much more aware of cryptocurrency and the future impact on society, but the majority find it difficult to comprehend or utilize the complex technology. The Elrond team saw this obstacle to massive global adoption and designed the tokenomics and utility to help the average person grasp the concept. 

One of Elrond’s primary goals is to make the interface clean and easy to understand, making it as stress-free as possible for new user adoption. They have succeeded with the Maiar mobile dApp, which, unlike many new dApps, was fully developed at launch with very few bugs and has been positively received from the start. 

It is also called the “gateway to the unbanked,” noting that “A large population of the world is unbanked, without access to the existing financial infrastructure, and so their opportunities to participate in wealth creation are extremely limited.”

 

What Fuels The Elrond Economy?

eGold, (ELGD) is the native token created by the Elrond team and is the core of all internal usage in the Elrond ecosystem. They went further by designing it to create a substantial store of value, similar to physical gold, but with functionality that could make it superior to gold in the long run.

Creating the ticker symbol beginning with the ‘e’ prefix makes cryptocurrency more intuitive and easier to understand. Plus, it creates a logical and consistent foundation for future digital assets and currencies.

Inherent in the design of EGLD is the preface for the Elrond network to be compatible with other cryptocurrencies and with fiat currencies issued by governments. Eventually, all will be able to tap into Elrond’s immense bandwidth capabilities and offer ways to transfer value electronically.

 

Elrond And NFTs

Not surprisingly, Lucian Mincu was the first of the Elrond Team to become an NFT. Thanks to a gifted NFT sketch artist, Elrond Memer, with a love for the Elrond Network, created a life-like sketch of Lucian. It was minted on the Elrond Blockchain with the highest bidder to receive the original piece of artwork as well.  


Image courtesy of Elrond Memer & emoon.space

 

Conclusion

The Elrond Network has continuously progressed for four years and has joined the mainstream blockchain projects. The fact that Binance Launchpad backed the project indicates Elrond was thoroughly vetted by Binance and found to be a solid project. 

With the unique Adaptive State Sharding and Secure Proof of Stake, the project delivers the speed and scalability that hasn’t been seen in many projects. Also, the support for multiple smart contract languages is integral for Elrond’s move into the decentralized application space.

The team is highly-motivated, energetic, and very competent, with a deep skillset. They have outperformed, hitting deadlines and delivering as promised, and this alone is valuable in the blockchain space. 

Lucian Mincu communicating with the Elrond community about the inner workings and keeping them updated is paramount and evokes enthusiasm leading to massive adoption and scalability, all of which Elrond is equipped to handle. 

Stay tuned for more news about the team and the Elrond network as it makes headway as a highly scalable, fast, and secure blockchain platform for distributed apps, enterprise use cases like Markethive, and the new internet economy.

 

 

References: 
Elrond.com
Twitter
LinkedIn
Everipedia
CoinBureau

 

Thomas Prendergast

Beniamin Mincu Of Elrond – Bio And Vision For The Future Of Money

Beniamin Mincu Of Elrond – Bio And Vision For The Future Of Money

A Visionary That Will Define The Next Wave Of The Internet Economy

Who Is Beniamin Mincu?

Beniamin Mincu is an entrepreneur, investor, and Blockchain pioneer born in Romania with a vision to reshape economies, opening an era of unparalleled opportunity on a global scale. Beniamin (also pronounced Benjamin) is a humanitarian with his heart in the right place and the Co-founder and CEO of the Elrond Network

Beniamin undertakes to accelerate the onset of a high-bandwidth, open, permissionless, globally accessible financial system. The dedication of Elrond’s diverse team of engineers and researchers that have a wide range of technical experience and significant Blockchain expertise is bringing this vision to life. 

 

Beniamin Mincu’s Background

Beniamin is from Sibiu County in Romania, where he attended the German University of Sibiu, Romania. He studied at the Faculty of Economic Sciences and graduated with a Bachelor's degree in Economics and Management in 2011. He was certified by the University of Toronto in the Learn to Program: The Fundamentals in 2013.

His accomplishments include courses in Business ethics, Finance, Logistics, Macroeconomics, Management, Marketing, Microeconomics, Production Management, Project Management, Quality Management, Statistics, Strategic Management. 

Beniamin is fluent in three languages – English, German, and Romanian. He is celebrated for his critical thinking skills, creativity, leadership, pleasant disposition, and ability to deliver on his commitments. His passion for economic empowerment, education, poverty alleviation, science, and technology drives him to continue his project to reshape the economy gradually. 

 
Beniamin’s First Encounter And Inspiration With Crypto 

What inspired Beniamin Mincu to become involved in the cryptocurrency space?  In 2012 he initially stumbled across Bitcoin. By 2013, he found the whole concept of Cryptocurrency extremely intriguing as he saw the economic aspect. 

He started researching technologies he thought were capable of changing the dynamics of the economy and entire society. Once he understood the economics of Bitcoin, he could clearly see that it would reshape the economy.

 

Career And Noble Endeavors  

In 2014, Beniamin joined the NEM.io core team to help solve the issues he saw in Bitcoin. Since then, he recognized ongoing problems with Bitcoin, specifically scalability, and set out to remedy these obstacles that would stifle any meaningful mainstream adoption. 

Beniamin studied many different technologies that he thought would have a high impact on the future of humanity. He has been involved in several aspects of the Blockchain space building, supporting and investing in around 30 different startups, including Icon, Matrix, and Zilliqa.

In 2016, Beniamin founded MetaChain Capital along with his brother Lucian Mincu and took on the role of CEO. MetaChain Capital was an investment firm that supported several Blockchain projects, including Binance, BAT, Tezos, and Polkadot, when they were in the startup phase. They became very successful and are placed in the top 100 projects on coinmarketcap.

In 2017, his sole focus was Elrond, building a hard-core team who he says can “literally build rockets.” Elrond, an ambitious project that aims to solve some of the most pressing challenges in the Blockchain and crypto space. 

Notably, the name of the company, Elrond, was inspired by the character in the book and movie, Lord Of The Rings, who is portrayed to be immortal, superpowerful, with a purpose to do good in the world, and was considered a great aspiration by the founders of Elrond to aim for and bring light into the Blockchain and crypto industry.


Image Source: Twitter 

 

Elrond – The Next Wave Of The Internet

Beniamin’s diverse background in state-of-the-art technology, applied philosophy, engineering, and Blockchain has culminated in creating a company that could very well define the next wave of the internet.

The elegant and sophisticated technology developed by the Elrond team is targeted at developers, the broader public, and enterprises. Developers can create decentralized applications and run smart contracts on the Elrond blockchain network, and the wider public can use Elrond as a user-friendly gateway to the digital economy. 

Also, businesses seeking an enterprise solution that can lower transactional costs with benefits such as speed, security, and scalability will find Elrond Blockchain particularly useful. Such as emerging Web 3 companies building ecosystems with their cryptocurrency in the social media and digital marketing sphere that need an internet-scale blockchain to accommodate its massive user-base and ecommerce.  


Image source: https://elrond.com/

The whole basis of the Elrond Network is to build a global, transparent, non-inflationary financial system giving anyone, anywhere, easy access to this new economic system. In July 2020, we saw the launch of Elrond’s Mainnet, with Beniamin Mincu announcing;

“Years from now, we will look back at this moment, as the instrumental transition from a promising but experimental technology, to one of the most important technologies of the decades that followed.”

More recently, we had the release of Elrond’s Maiar DEX. “This represents a massive step toward pushing DeFi adoption beyond the current boundaries of the crypto space, into the mainstream,” said Beniamin. 

With Elrond’s Adaptive Sharding, a method of parallelizing data and transactions processing, Elrond’s performance will scale up with the number of computers joining the network, reaching more than 100,000 transactions per second while growing increasingly decentralized.

Paraphrasing Beniamin’s comments in the video posted below, these performance measures and protocols are not promises for the future, like so many other projects. They are already processing 15,000 transactions per second, with 6 seconds block time at a transaction cost of $0.001. They can scale beyond 100,000 and have achieved 260,000 TPS in the testnet phase. 

He explains that after ten years, the approximate average TPS of the Bitcoin blockchain is still about 5, while Ethereum can handle about 15. We need to move beyond this to change the course of humanity and the future of money. 

Elrond, as described by Coingecko

“Elrond aims to build a high-throughput blockchain that aspires to build the next internet-scale blockchain. Recognizing that most scalability efforts by other projects are not sufficient in that the efforts are merely “kicking the can down the road,” Elrond set out to create a blockchain that is capable of 1000x throughput than most existing blockchains. This improvement of transaction throughput allows Elrond to handle even the most aggressive wave of user adoption.”

 

Beniamin Mincu, CEO of Elrond on the Future of Money and Reinventing the Internet

Courtesy of Blockworks

 

Romanian Roots And Ethos 

According to the Romanian Business Review, diversity, innovation, and enthusiasm are the most common ingredients of the Romanian entrepreneur and start-ups. Many businesses impressed the BR team, mainly because of their founders’ entrepreneurial behavior, vision, and strategy.

“Romanians are smart,” a caption made famous by an advertising agency and was a gift celebrating Romania’s National Day in 2011. Their contribution was awarded a Cannes Lion Trophy for the campaign in 2016.

The Romanians have a lot to be proud of and are renowned for their sports athletes, creativity, and hospitality. Adding to that, their presence in the technology space with a philosophical approach to go beyond and make a real impact on humanity. 

Markethive has a robust presence in Romania and shares the same ethos. Markethive’s team of engineers is situated there, working tirelessly to bring Markethive’s vision to fruition. It is a vision that brings freedom, liberty, and financial sovereignty to all and transcends the evil that is overwhelming social media with its technocracy.     

Beniamin Mincu and his team at Elrond, with their innovative, evolving technology, will make it possible for the Markethive community to thrive in this stagnant, if not devolving world. God speed to Beniamin Mincu, Elrond, and Markethive. 

 

 

References: 
elrond.com
LinkedIn
Everipedia
Brandminds
Messari

 

Also published @ Before It’s News https://beforeitsnews.com/science-and-technology/2021/12/beniamin-mincu-of-elrond-bio-and-vision-for-the-future-of-money-3003471.html

 

Thomas Prendergast