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What is Elrond Blockchain technology?

elrond blockchain

Introducing Elrond Blockchain technology

Announced in 2019, Elrond describes itself as a scalable, fast, and secure blockchain platform for distributed apps, enterprise use cases, and the new internet economy. 

Elrond claims to solve the scalability trilemma with a 1000x improvement in blockchain speed, scale, cost, and user experience.

An internet-scale blockchain, Elrond is fast, cheap, and efficient, and built to provide utility across the spectrum of use cases. Elrond Network leverages Adaptive State Sharding and its unique Secure Proof-of-Stake (SPoS) consensus mechanism to offer industry-leading scalability.

“Elrond stands out for being a project with a soul. One which has united forces of an incredibly vibrant community of 190,000 people, spanning 18 languages and and almost 30 countries. It’s time to build. It’s time to grow. And perhaps the greatest time to be alive. Our aim is to onboard the next billion people”. - Beniamin Minchu CEO of Elrond.

What is the EGLD Coin?

The EGLD (“Electronic Gold”) token is Elrond’s native currency. It powers Elrond’s network by serving as a medium of exchange between users and developers – who pay transaction fees to use the network, and validators – who take those fees as payment for the services they provide. 

The Elrond network provides a platform to deploy smart contracts, decentralized applications (or dApps), and even entire blockchain protocols. However, the EGLD coin is the unit of value that enables these activities. EGLD governs the network through staking and validator rewards and as payment for transactions and smart contracts.

What is Elrond Wallet?

A simple and beautiful crypto wallet where you can securely transfer, receive and store your Elrond tokens, while interacting with Elrond dapps. When you buy Elrond eGold (EGLD Coin) you can stake. Elrond Staking has a 10 days unbonding period. Staking on Elrond is a very safe process.

elrond utrust

Elrond acquires Utrust Web3 payment technology

Elrond bets big on Web3 payments in 2022 with the acquisition of leading Crypto Payments service provider Utrust. This company provides radically better way to pay and get paid globally. More info here.

Markethive Wallet on the Elrond blockchain

Markethive is a blockchain, a real ecosystem with their own coin ( MHV Coin). Their coin is listed on the exchanges and it's value is growing.

Meanwhile Markethive pursuing building Markethive Wallet on the Elrond blockchain. Elrond blockchain platform capable of processing 15,000 transactions per second at $0.001 per transaction, and able to scale to hundreds of thousands with demand.

Elrond will significantly profit Markethive's members but Markethive will reciprocate an even greater benefit for Elrond reaching their goal! If you want to join Markethive, please click here.

Is Elrond crypto a good investment? 

According to coinmarketcap data The live Elrond price today is $139,40 USD with a 24-hour trading volume of $121 297 653 USD. The current CoinMarketCap ranking is #43, with a live market cap of $2 882 487 047 USD. It has a circulating supply of 20 678 371 EGLD coins and a max. supply of 31 415 926 EGLD coins.

Current EGLD coin price is: $139.29 USD.

elrond coin

The question is: Will Elrond price go up?

According to walletinvestor Yes. The Elrond price can go up from 139.29 USD to 343.029 USD in one year. 

If you would like to purchase EGLD Crypto ( EGLD Coin ) go to Binance.

My previous article: Cosmos Atom price prediction 2022.


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