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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:

Transaction speed and network scalability

4/5

Operating mechanism and validators

5/5

Functioning of the economy and distribution

4/5

Scope of the ecosystem and partners

3/5

Team experience and community strength

4/5

Cost of transaction fees (the higher the score is, the lower the fees are)

5/5

Cryptocurrency:

Blockchain Categories:

0
Tags
Platform
Smart Contracts
Payments
Can be Staked ?
Yes
~ 0 %
Annual Interest

Community rating:

0
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0 out of 5 stars (based on 0 reviews)
Excellent 0%
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