Elrond is a distributed network-based decentralized application development and hosting (Dapp) platform with an emphasis on scalability and low transaction costs. Elrond is therefore a competitor of more popular blockchains like Ethereum and Solana.
Course of Elrond (EGLD): what is the current price?
Here is Elrond’s live course.
Benjamin brothers, Lucian Mincu and Lucian Todea, co-founded Elrond in late 2017. Prior to founding Elrond, they co-founded MetaChain Capital, a digital asset investment firm, and ICO Market Data, an ICO data aggregator. Todea is the founder and CEO of Soft32, a software review and download site.
The Elrond team consists of 27 developers, designers and engineers from Intel, MicrosoftITNT and Soft32 since June 2021. It also includes specialists from George Mason University and the University of Illinois, as well as seven advisers from GoogleNASA and Ethereum.
How it works Elrond ?
For the validation of transactions on its blockchain, Elrond has implemented 2 concepts:
- I’Adaptive State Sharding : it is a division of the Elrond infrastructure in order to manage additional transactions and applications without slowing down the network.
- SPoS (Secure Proof-of-Stake) : This is an Elrond-exclusive consensus that combines eligibility based on staked EGLDs and validator scoring with random node selection.
Elrond’s native cryptocurrency is the EGLD (Electronic Gold) token. It powers the Elrond network and is used to pay transaction fees for using the network. Validators are paid in EGLD.
- Maiar (exchange platform – D’EX)
- Aerovek (social and economic network for aviation)
- Bh.network (freelancing platform)
Crypto EGLD : our opinion and prediction for 2022
- Elrond Mirror Mag Global Rating: 8/10
The speed of transaction processing on Elrond and the collaboration with other protocols make it a competitive blockchain for DApp development.
EGLD/USD price is more or less stable with actionable chart patterns.
After falling back to August 2021 levels, the EGLD has become low enough for investment to take advantage of the upcoming cryptocurrency market rally.
EGLD has the same growth potential as ETH with a very experienced development team. Just as was the case with Ethereum, the long-term goal of $4000 is quite realistic.
Elrond is still a long way from “killing” Ethereum, but it is one of ethereum killers the most relevant.
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