The Elrond project aims to create a platform to meet all transactions worldwide. The network can process up to 15,000 transactions per second (only 7 for Bitcoin and 15 for the current version of Ethereum). Beniamin Mincu launched the Elrond project in 2017 in Sibiu, Romania. The mainnet was launched in July 2020, the token was initially named ERD, which later migrated to EGLD. EGold (EGLD) refers to the desire to reinvent gold digitaly. Maiar application makes it possible to democratize the project, and opens the doors to a global adoption.
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