What is Elrond (EGLD) Coin
Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.
The blockchain has a native token known as eGold, or EGLD, that is used for paying network fees, staking and rewarding validators. Elrond was first announced in August 2019, and its mainnet went live in July 2020.
- Elrond is a high-throughput public blockchain focused on providing security, efficiency, scalability, and interoperability by employing two key elements: Adaptive State Sharding and a new Secure Proof of Stake (“SPoS”) consensus mechanism.
- Elrond’s blockchain protocol for smart contracts & dApps can process over +10k transaction per seconds with low block times (5s), negligible transaction fees, and with fast finality for cross shard transactions in a matter of seconds.
- The Adaptive State Sharding, works via shard merges & splits for unlimited scalability, and uses a fully sharded Architecture, which includes state, transactions, and network. This architecture is deemed highly resilient against malicious attacks due to validators shuffling between shards.
- Elrond features smart-contract royalties, where 30% of the fees can be reallocated to the smart contract author.
- ERD is the native asset of Elrond and is used to pay for transaction fees and the cost of deploying dApps on the network, along with rewards for various contributions to the network.
How To Buy Elrond (EGLD) Coin
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How Much is a Elrond (EGLD) Coin
Elrond (EGLD) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Elrond (EGLD) Coin Review
You can learn more about Elrond (EGLD) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://elrond.com/ Whitepaper https://elrond.com/assets/files/elrond-whitepaper.pdf Github https://github.com/ElrondNetwork Documentation https://docs.elrond.com/ Community https://linktr.ee/elrond Telegram https://t.me/ElrondNetwork Discord https://t.me/ElrondNetwork_tu?ltclid= Youtube https://www.youtube.com/channel/UCRLKQHcjuWW_-JOZ-DqQTXw