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EGLD

Elrond (EGLD)

Buy Elrond

Exchange rate Elrond:

929.45zł

3.64%

Market capitalization

17581054893 PLN

Volume (24h)

340981264 PLN

Supply in circulation

19611848 EGLD

All-Time High

1 149.54 zł

All-Time Low

25.32 zł

Popularity by CMC

#40
The current rate Elrond EGLD is $929.45. In the last 24 hours, the price of Elrond increased by 3.64% and the 24-hour volume of this cryptocurrency is $340 981 264.00. The cryptocurrency in the last 24 hours recorded the highest price at the $0.00, while its lowest was $0.00. The highest Elrond price in the last 7 days was $942.12, and the lowest price was $889.67. Exchange rate Elrond in the last 30 days increased by 23.68%.
Cryptocurrency calculator
Źródło danych: Coinmarketcap.com
1h 24h 7d 14d 30d 1y
0.15% 3.64% -4.73% 1.12% 23.68% 3398.35%
Źródło danych: Coinmarketcap.com

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Exchange rate Elrond on the largest Cryptocurrency Exchanges:

Updated at: 2021-10-18 18:28:54

EGLD/USDT

KuCoin:
Exchange rate: 230.48 USDT
Bitfinex:
Exchange rate: 230.85 USDT
Binance:
Exchange rate: 230.51 USDT

EGLD/USD

Bitfinex:
Exchange rate: 230.74 USD

EGLD/EUR

Binance:
Exchange rate: 198.76 EUR

TABLE OF CONTENT-

  • WHAT IS ERLOND?

  • WHO FOUNDED ELROND?

  • WHAT MAKES ELROND UNIQUE?

  • WHAT ARE THE SECURITY MEASURES OF ELROND NETWORK?

WHAT IS ERLOND?

Elrond is a blockchain system based on sharding that aims to provide lightning-fast transaction speeds. The project presents itself as a new internet technology environment that involves fintech, decentralised finance, and the Internet of Things. The smart contract implementation system can potentially accommodate 15,000 transactions per second with a six-second delay and a transaction cost of $0.001.

The blockchain has a native token called eGold, or EGLD, which is used to pay network fees, stake, and reward validators.

Elrond was first declared in August of this year, and its mainnet started operating in July of 2020.

WHO FOUNDED ELROND?

Elrond was established in late 2017 by brothers Beniamin and Lucian Mincu, along with Lucian Todea, as a way to solve the industry's most challenging issue, blockchain configurability.

Before joining Elrond, Beniamin and Lucian Mincu co-founded MetaChain Capital, a digital asset investment fund where Beniamin worked as CEO and Lucian as CTO. ICO Market Data, a curator of data regarding initial coin offerings, was also co-founded by the duo.

In addition to being an active investor in companies like Zilliqa (ZIL), Tezos (XTZ), Brave, and Binance, Beniamin Mincu was also accountable for the product, marketing, and community for blockchain platform NEM from 2014 to 2015. Lucian Mincu has also served with Uhrenwerk 24, Cetto, and Liebl Systems as an information technology engineer and a security specialist.

Todea is a serial tech entrepreneur who earlier initiated and ultimately led Soft32, a software evaluation and download website, and is a collaborator in mobilPay, a mobile payments app.

WHAT MAKES ELROND UNIQUE?

Elrond is a blockchain system for the new internet economy, decentralised apps, and corporate use, per its site. Its key marketing aspect is its extreme sustainability, as it claims to be the first blockchain network in which state, network, and transaction sharding. It aims to develop its community and build EGLD as a store-of-value asset, according to its economics paper.

The network is categorised into four shards to accomplish this objective: three implementation shards, each competent of 5,400 transactions per second, and one coordinating shard, the "Metachain." Elrond's dynamic state sharding strategy shards state, transactions, and the network within its own. When the throughput need is not fulfilled, it can expand by inserting additional shards. It was evaluated in a public environment with 1,500 nodes from 29 countries divided into 50 shards to attain 263,000 TPS.To promote participation, the platform offers rewards of 30% of smart contract fees to users that build on the platform.

During the first year, the company holds several EGLD tokens to invest in the network, with validator nodes obtaining a 36 % annual percentage rate.

Elrond's economic structure maintains a fixed supply that commences at 20,000,000 EGLD, with additional tokens being generated to incentivize network validators. The maximum supply will never be higher than 31,415,926 EGLD, however as more transactions are completed, this number will decline.

Elrond's native token was first readily accessible for purchase via a private sale, whereby 19% of its initial supply was acquired, with 7.5 % released shortly after token generation and another 15.41 % issued every three months. Elrond also conducted an initial exchange offering on Binance, where 25% of the company was acquired and placed instantly accessible.

Of the rest significant 56%, 7% was placed aside for ecosystem incentives, with 50% set to release directly and 50%  after six months; 8.5 % for brand marketing, funding, and an accelerator pool for DApp developers, with 81.17 % planned to release instantly and 9.41 % emitted every six months; and 2%  for a public fund, with 33.3 % released immediately and 33.3 % after six months and 33.3% after 12 months; 2.5% for advisors, released after one year; 19% for Elrond's founding members and core team members, with 10% released after six months, 10% after 12 months, 15% after 18, 24, 30 and 36, and 20% after 42 months; and 17% for the company for ecosystem assistance, with 33.3% that can only be used for staking during the initial year released immediately and 66.6% released in three equal installments over three years, starting after one year.

With a total supply of 20 billion tokens, Elrond's tokens were first offered on Binance Chain under the name ERD. In November 2019, 500 million tokens were destroyed and issued as ERC-20 tokens on the Ethereum blockchain, and the organization conducted a token swap event in September 2020 potentially for token holders to exchange their ERC-20 and BEP-2 tokens for mainnet EGLD tokens. The overall token supply was diminished from 20 billion to 20 million during the procedure by setting the swap ratio at 1,000 ERD for 1 EGLD.

WHAT ARE THE SECURITY MEASURES OF ELROND NETWORK?

Elrond implements a reliable proof-of-stake consensus algorithm, in which nodes can stake their EGLD tokens to participate in the validation procedure, and each validator is issued a rating score dependent on past activity, which determines if they're not approved. If a validator's rating becomes excessively less, it will not be shortlisted and must pay penalties. Validators can potentially be expelled from the network and have their stakes decreased if they consistently operate in a way that compromises the network's integrity.

Validators are assigned randomly in a mode that cannot be forecasted or modified based on the results of prior validations.

Moreover, validators are rearranged between shards regularly to prevent fraudulent practices. For strong cryptographic security, nodes connect using customized Boneh-Lynn-Shacham, or BLS, multi-signatures.

PRICE

$299.08

MARKET CAPITALIZATION

0.0848

RANK

32

FULLY DILUTED MARKET CAP

$7,308,261,174.35

TOTAL SUPPLY

22,451,850 EGLD

MAX SUPPLY

31,415,926 EGLD

(as of 24/09/2021)

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The new DEFI platform enters the market! Earn passively - token sale 0.25 $

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