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Coin: ELROND (EGLD)
Elrond is a decentralised finance focussed blockchain project that is attempting to be the internet of all blockchains.
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Security
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Scalability
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Decentralisation
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Applications
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Team & Developers
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Usage & Adoption
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Community Strength
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Investors:
AU21 Capital , Authorito, Binance Labs, Electric Capital, Maven 11 Capital, Netherlands ,NEO Global Capital, NGC Ventures, Woodstock Fund
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Disclaimer: Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
Elrond was founded in 2017 Benjamin Mincu and launched its Mainnet in 2020. Elrond is a decentralised blockchain protocol with Dapp and smart contract compatibility touting itself as the “new internet economy”. The protocol achieves greater speed, interoperability, and security than traditional Decentralised Finance or De-Fi projects through its Adaptive State Sharding, Secure Proof of Sake consensus mechanism and Elrond Virtual Machine. Together these allow Elrond to process 5,000 transactions per second per shard, making it highly scalable allowing the efficient operating decentralised applications on its network.
The native currency to Elrond is the EGLD token which acts as both a unit of account and medium of exchange on the network. The token is used for Governance, Staking, Transaction Fee’s, Smart contracts and rewarding validators and has a maximum supply of 31.4 million tokens with only a portion of which currently in circulation.
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Articles related to ELROND (EGLD)
Elrond Partners With Web3 Crypto Browser Opera
Increasing Scalability While Preserving Accessibility | Upgrading Software After $1.65 mil Attack
