Elrond rate

-4.78%for last 24 hours

What is Elrond

Elrond (EGLD) describes itself as a blockchain platform for the new internet economy, decentralized applications (Dapps) and enterprise use. Its main selling point is its high scalability, stating that it is the first blockchain network in which state, network and transaction sharding have all been implemented. According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset. Their blockchain protocol seeks to offer extremely fast transactions. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and about $0.001 transaction cost. The Elrond blockchain its native token, known as EGLD, is used for paying network fees, staking and rewarding validators. You can safely and reliably buy and sell EGLD on LiteBit.

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