Elrond is a decentralized distributed network-based application development and hosting (Dapp) platform with an emphasis on scalability and low transaction costs. Elrond is therefore a competitor to more popular blockchains such as Ethereum And Solana.
Course by Elrond (EGLD): what is the current price?
Here is Elrond’s live course.
Brothers Benjamin, Lucian Mincu and Lucian Todea, co-founded Elrond in late 2017. Before 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.
Elrond’s team consists of 27 Intel developers, designers and engineers, MicrosoftITNT and Soft32 since June 2021. Also includes specialists from George Mason University and the University of Illinois, as well as seven consultants from GoogleNASA and Ethereum.
How does it work Elrond ?
For the validation of transactions on its blockchain, Elrond has implemented 2 concepts:
- L’State Adaptive Sharding : is a division of the Elrond infrastructure to manage transactions and additional applications without slowing down the network.
- SPoS (Safe Proof-of-Stake) : This is an Elrond exclusive consensus that combines EGLD-based eligibility in staking 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 the transaction fees for using the network. Validators are paid in EGLD.
- Maiar (exchange platform – D’EX)
- Aerovek (social and economic network for aviation)
- Bh.rete (freelance platform)
Crypto EGLD : our opinion and forecast for 2022
- Elrond Mirror Mag overall rating: 8/10
The speed of transaction processing on Elrond and the collaboration with other protocols make it a competitive blockchain for DApp development.
The EGLD / USD price is more or less stable with usable chart patterns.
After returning to the levels of August 2021, the EGLD has become low enough for investments to take advantage of the impending rally in the cryptocurrency market.
EGLD has the same growth potential as ETH with a very experienced development team. Just like in the case of Ethereum, the long-term goal of $ 4000 is quite realistic.
Elrond is still a long way from “killing” Ethereum, but it is one of them killers of ethereum the most relevant.
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