Elrond is a distributed network decentralized platform for developing and hosting applications (Dapp) with a focus on scalability and low transaction costs. Thus, Elrond is a competitor to more popular blockchains such as Ethereum as well as Solana.
Well Elrond (EGLD): what is the current price?
Here is Elrond’s live course.
The main thing to know Elrond
Creation of a cryptocurrency EGLD
The Benjamin brothers, Lucian Mincu and Lucian Todea, co-founded Elrond at the end of 2017. Prior to 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.
The Elrond team consists of 27 developers, designers and engineers from Intel, MicrosoftITNT and Soft32 from June 2021. It also includes experts from George Mason University and the University of Illinois, as well as seven advisors from GoogleNASA and Ethereum.
How it works Elrond ?
To verify transactions on its blockchain, Elrond has implemented 2 concepts:
- I’Adaptive State Sharing : This is a subdivision of the Elrond infrastructure to manage additional transactions and applications without slowing down the network.
- SPoS (secure proof of stake) : This is an Elrond exclusive consensus that combines EGLD staking and validator score based eligibility with random node selection.
Elrond’s native cryptocurrency is the EGLD (Electronic Gold) token. It powers the Elrond network and is used to pay transaction fees for using the network. Validators are paid in EGLD.
Some DApps launched on Elrond
- Maiar (exchange platform – D’EX)
- Aerovek (socio-economic network for aviation)
- bh.network (platform for freelancers)
Crypto EGLD : our opinion and forecast for 2022
- Elrond Mirror Mag Global Rating: 8/10
Opinion about the project Elrond
Elrond’s transaction processing speed and collaboration with other protocols make it a competitive blockchain for DApp development.
Price Volatility Notice
The price of EGLD/USD is more or less stable, and the chart patterns allow action.
Price Prediction‘Elrond Average degree
After dropping to August 2021 levels, EGLD is low enough to invest in to take advantage of the next upside potential in the crypto market.
Price Prediction‘Elrond long-term
EGLD has the same upside potential as ETH with a very experienced development team. As with Ethereum, the long-term goal of $4,000 is very realistic.
Conclusion – is it worth investing in Elrond Crypto?
Elrond is far from “killing” Ethereum, but he is one of Ethereum’s most current killers.
Useful resources for investing in Elrond (EGLD)
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