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.
Last Page Update
October 2, 2021
Founder(s)
Beniamin Mincu and Lucian Mincu
Mainnet Launch
July 2020
Consensus
Secure Proof of Stake (SPoS)
Architecture
Multi-chain (Shards)
Security
Shared
Validators
~3500
Type
Layer 1
VM/Dev
WASM
TPS
15000
Economics
Fixed Tx Fees by Type
Avg Tx Fee
~$0.001
Rating:
- Performance
Transaction speed and network scalability
4/5
- Security
Operating mechanism and validators
5/5
- Economics
Functioning of the economy and distribution
4/5
- Ecosystem
Scope of the ecosystem and partners
3/5
- Team & Community
Team experience and community strength
4/5
- Fees
Cost of transaction fees (the higher the score is, the lower the fees are)
5/5
Blockchain Categories:
0
Tags
Platform
Smart Contracts
Payments
Can be Staked ?
Yes
~
0
%
Annual Interest
Community rating:
0 out of 5 stars (based on 0 reviews)
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