Elrond (EGLD)

Last updated 05/06/2021

What is Elrond?

Created as a blockchain protocol, Elrond seeks to offer exceptionally fast transaction speeds through the use of sharding. Described as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart cEGLDracts execution platform is supposedly able to process 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

The native token of the blockchain is Gold, or EGLD. The token is employed to pay network fees, staking and rewarding validators. Elrond was originally revealed in August 2019, and its mainnet was launched in July 2020.

Elrond has been hailed as blockchain platform for the modern internet economy, decentralized applications and for use within enterprise. One of its biggest selling points that sets it apart from competition is its high scalability. Elrond has stated that it is the first blockchain network in which state, network and transaction sharding have all been applied.

Team

Elrond was helped to establish in late 2017 by siblings Beniamin and Lucian Mincu alongside Lucian Todea as an answer for the issue of blockchain versatility, which they thought to be the most squeezing issue confronting the business.
Preceding Elrond, Beniamin and Lucian Mincu helped to establish MetaChain Capital, a computerized resource speculation store, with Beniamin Mincu filling in as CEO and Lucian Mincu as boss innovation official. The two likewise helped to establish ICO Market Data, an aggregator of data around starting coin contributions.

Beniamin Mincu was likewise liable for product, marketing and community for blockchain platform NEM from 2014 to 2015,, notwithstanding being an early financial specialist in tasks, for example, Zilliqa (ZIL), Tezos (XTZ), Brave and Binance. Lucian Mincu has extra insight as a data innovation designer and security subject matter expert, having worked with Uhrenwerk 24, Cetto and Liebl Systems.

Roadmap

Q1 2020

• Economic & Governance Model
• App in Samsung dApp store

Q2 2020

•   Elrond Bootstrapping Phase 2:
•   Genesis block
•   Select validator program
•   Native Elrond Wallet

Q3 2020

•   Elrond Bootstrapping Phase 3:
•   Progressive feature activation
•   DeFi initiatives
•   Economics v2

Q4 2020

•   Elrond Bootstrapping Phase 3:
•   Smart CEGLDracts
•   ESDT token
•   Staking: direct & delegation
•   Elrond Governance: Voting system
•   Development Toolkit

Q1 2021

•   Maiar launch
•   Maiar: staking, DeFi
•   Decentralized Exchange
•   DeFi 2.0 module
•   Name Service

Q2 2021

• DeFiDigital identity
• DeFiInteroperability

Where to Store Elrond (EGLD)

Trust wallet is a wallet that can hold a wide variety of cryptocurrencies such as Elrond making it highly desirable for users who wish to have a varied portfolio. Being owned Binance, it also a very trusted wallet in the crypto community.

Leading hardware wallet providers such as Ledger are integrated with Elrond and EGLD wallets will come as standard on their devices. 

Where to Buy and Sell Elrond (EGLD)

You can Buy & Sell Elrond (EGLD) by heading over to the Buy Coins page of our website. Elrond (EGLD) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying Elrond has never been easier, simply place your order and provide your wallet address.

Once your payment arrives Elrond will be sent directly to your wallet. If you choose to Sell Elrond (EGLD) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the ‘Sell Coins’ page.

Elrond (EGLD) Resources

Website: https://elrond.com/
Block Explorer: https://explorer.elrond.com/
Twitter: https://twitter.com/elrondnetwork
GitHub: https://github.com/ElrondNetwork

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.