- Category: Smart Contract Platform
- Coin Launched: December, 2017
- Resources: White Paper
- Official Website: Elrond
- Reddit: Elrond
Elrond aims to build a high-throughput block chain that aspires to build the next internet-scale block chain.
Recognizing that most scalability efforts by other projects are not sufficient in that the efforts are merely “kicking the can down the road”,
Elrond set out to create a block chain that is capable of 1000x throughput than most existing block chains. This improvement of transaction throughput allows Elrond to handle even the most aggressive wave of user adoption.
ELROND History / Information / Buying / Staking
Elrond was co-founded in late 2017 by brothers Beniamin and Lucian Mincu alongside Lucian Todea as a solution to the problem of blockchain scalability, which they thought to be the most pressing problem facing the industry.
HOW ELROND WORKS
Elrond is a software that seeks to incentivize a distributed network of computers to run a smart contract platform that aims to prioritize scalability and low transaction fees. In this way, Elrond is designed to compete against major blockchains, such as Ethereum and Zilliqa, aiming to grow an ecosystem of decentralized applications and cryptocurrencies.
BENEFITS OF USING ELROND
Some of the benefits of using Elrond are:
MINIMUM TRANSACTIONS FEES
ADAPTABLE SMART CONTRACTS
CAN YOU STAKE ELROND
Staking on Elrond can be done either as a Validator (running a node + 2,500 eGold stake) or as a Delegator, with a minimum of 1 eGold per delegation. Validator rewards are distributed automatically.
- COINS SIMILAR TO ELROND