Elrond is a high throughput and low latency system. It can execute 1 million transactions per second and operates with an average latency of 0.01s, compared to Ethereum's 10s, Bitcoin's 60s and Ripple's 3k.
A custom framework allows for the execution of various types of smart contracts and dapps on a single platform.
Elrond is quantum computing resistant, as it uses a hybrid proof-of-work and proof-of-stake consensus algorithm.
How does the cryptocurrencies ELROND (EGLD) work? The main goal of Elrond is to connect blockchains, allowing for the combined processing power of all participants in order to run dapps on a single platform. To achieve this, the team has developed their own blockchain framework capable of running applications of various types on any consensus algorithm.
Elrond technology connects different blockchain networks through the Elrond mainnet.
Elrond is a scalable Masternode-based Proof-of-Stake (PoS) Blockchain with Dynamic Governance. It scales horizontally via Sharding, ZK Snarks, and provides a basic smart contract functionality.
Elrond currently runs its own mainnet which can run Smart Contracts over multiple consensus algorithms(including PoW). In Q3 2019 the team will start developing an interoperable protocol with other blockchains so they can integrate their technology onto the Elrond platform, achieving scalability and security via connection with other chains. This means that in addition to running dapps on our own speed and secure blockchain, people will also gain access to multiple other blockchains.
What are the cryptocurrencies ELROND (EGLD) tokens used for? The EGLD token is an Ethereum ERC20 token that will be used to access various features on the platform. It ensures anonymity, security, immutability, traceability, auditability and transparency when users transfer their assets over our network. This means that all rewards generated by staking or forging on the platform with EGLD tokens will only be available to token holders at this time.
The total supply of EGLD tokens is 1.000.000.000 with 50% for sale in this initial coin offering (ICO) round, 15% in the ELROND Reserve, 20% will be used to incentivize participation in Elrond Network and 10% for the community members, partners and team members.
How much are the initial cryptocurrencies ELROND (EGLD) token price? The ICO set its final market value at $008 per token(valid only for non-whitelisted addresses) or at a fixed price of $0.12 per token during the Public Presale with 20% bonus.
The cryptocurrencies ELROND (EGLD) can be bought by using BTC, ETH, USD or fiat currencies via bank transfer(except for citizens of USA). People can also participate in this project’s ICO directly from their crypto wallets.
What are cryptocurrencies ELROND (EGLD)? Elrond Network is a blockchain platform specialized in high-speed transactions that integrate multiple blockchains to create one unified platform. It combines security, scalability and decentralization with an average transaction time of 0.01s, allowing it to handle 1M transactions per second.
The platform runs on a Proof-of-Stake consensus algorithm with Masternode governance, so it’s completely decentralized. Masternodes are required to stake 10 million EGLD tokens, and each masternode receives 45% of the block reward. The remaining 55% is split between stakers and budget proposals. Elrond Network has unique features that enable instant transactions without compromising security or decentralization.
Elrond is a high throughput and low latency system. It can execute 1 million transactions per second and operates with an average latency of 0.01s, compared to Ethereum's 10s, Bitcoin's 60s and Ripple's 3k.
A custom framework allows for the execution of various types of smart contracts and dapps on a single platform.
Elrond is quantum computing resistant, as it uses a hybrid proof-of-work and proof-of-stake consensus algorithm.
How does the cryptocurrencies ELROND (EGLD) work? The main goal of Elrond is to connect blockchains, allowing for the combined processing power of all participants in order to run dapps on a single platform. To achieve this, the team has developed their own blockchain framework capable of running applications of various types on any consensus algorithm.
Elrond technology connects different blockchain networks through the Elrond mainnet.
Elrond is a scalable Masternode-based Proof-of-Stake (PoS) Blockchain with Dynamic Governance. It scales horizontally via Sharding, ZK Snarks, and provides a basic smart contract functionality.
Elrond currently runs its own mainnet which can run Smart Contracts over multiple consensus algorithms(including PoW). In Q3 2019 the team will start developing an interoperable protocol with other blockchains so they can integrate their technology onto the Elrond platform, achieving scalability and security via connection with other chains. This means that in addition to running dapps on our own speed and secure blockchain, people will also gain access to multiple other blockchains.
What are the cryptocurrencies ELROND (EGLD) tokens used for? The EGLD token is an Ethereum ERC20 token that will be used to access various features on the platform. It ensures anonymity, security, immutability, traceability, auditability and transparency when users transfer their assets over our network. This means that all rewards generated by staking or forging on the platform with EGLD tokens will only be available to token holders at this time.
The total supply of EGLD tokens is 1.000.000.000 with 50% for sale in this initial coin offering (ICO) round, 15% in the ELROND Reserve, 20% will be used to incentivize participation in Elrond Network and 10% for the community members, partners and team members.
How much are the initial cryptocurrencies ELROND (EGLD) token price? The ICO set its final market value at $008 per token(valid only for non-whitelisted addresses) or at a fixed price of $0.12 per token during the Public Presale with 20% bonus.
The cryptocurrencies ELROND (EGLD) can be bought by using BTC, ETH, USD or fiat currencies via bank transfer(except for citizens of USA). People can also participate in this project’s ICO directly from their crypto wallets.
What are cryptocurrencies ELROND (EGLD)? Elrond Network is a blockchain platform specialized in high-speed transactions that integrate multiple blockchains to create one unified platform. It combines security, scalability and decentralization with an average transaction time of 0.01s, allowing it to handle 1M transactions per second.
The platform runs on a Proof-of-Stake consensus algorithm with Masternode governance, so it’s completely decentralized. Masternodes are required to stake 10 million EGLD tokens, and each masternode receives 45% of the block reward. The remaining 55% is split between stakers and budget proposals. Elrond Network has unique features that enable instant transactions without compromising security or decentralization.
