Skip to main content

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.


  1. Very well written article. It was an awesome article to read. Complete rich content and fully informative. I totally Loved it.Digital Marketing Service Provider

  2. You have given great content here.NFT Digital Art USA I am glad to discover this post as I found lots of valuable data in your article. Thanks for sharing an article like this.

  3. You wrote this post very carefully.Healthcare Blockchain Infographics for Sale in USA The amount of information is stunning and also a gainful article for us. Keep sharing this kind of articles, Thank you.

  4. Very elegantly composed article. It was a wonderful article to peruse. Complete rich substance and completely educational. I completely Loved it.Digital Marketing Service Provider


Post a Comment

Popular posts from this blog

Unveiling the Cryptex Staking Program: A Potential Passive Income Gateway?

  Cryptex Staking Program Review In the dynamic realm of cryptocurrency, new opportunities to generate passive income seem to emerge constantly. Amidst this landscape, Cryptex, a crypto staking platform , has garnered attention with its promise of high returns. But before you delve into this potential venture, it's crucial to conduct thorough research and understand the intricacies of the program. Cryptex: A Brief Overview Cryptex is a crypto staking platform that aims to provide users with guaranteed passive income. The platform utilizes a hybrid staking approach, combining both traditional staking and DeFi (Decentralized Finance) strategies to maximize returns. Users can participate in various staking plans, each offering different reward structures and terms. Highlighting Cryptex's Staking Program Cryptex's offering a staking program, which promises remarkable returns. The platform offers two main plans: 3-year and 5-year Smart Contracts . Under these plans, users depos

How to Start investing in Reliable Startups on Republic?

  Follow this guide in order to start investing online. Investing on Republic involves creating an account, completing identity verification, connecting a payment method, and calculating your investment limits. Here's a step-by-step guide. Create an account Visit Republic's website and click on the " Sign Up " button. Enter your email address, choose a password, and agree to the terms of service. You can also sign up using your LinkedIn or Google account. Complete identity verification To comply with regulations and protect your identity, Republic requires you to verify your identity. This process typically involves providing your full name, address, Social Security number, and a copy of your ID. Connect a payment method To make investments, you'll need to connect a payment method. Republic accepts credit cards, U.S. bank accounts, and IRA accounts. Once you've selected your payment method, enter your payment information and verify it. Calculate your investme

What is The Rayn Finance App?

Introducing The Rayn Finance App Rayn is a financial platform that integrates traditional banking services with innovative digital asset features. It offers a comprehensive suite of products for managing your finances, including savings accounts, automated investing, and crypto trading. Key Features of Rayn High-Yield Savings Accounts: Earn up to 6.5% annual percentage yield (APY) on your savings, significantly higher than traditional bank savings accounts. Automated Investing Create personalized investment portfolios based on your risk tolerance and goals. Rayn's AI-powered algorithms will automatically rebalance your portfolio to maintain your desired risk-return profile. Crypto Trading Buy, sell, and trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Rayn provides a secure and user-friendly platform for crypto transactions. Integrated Banking Manage your fiat currency and cryptocurrency holdings in a single account. Make payments using your Rayn car