Elrond is a highly scalable, fast and secure blockchain platform. The market cap is $24,029,069 and the 24h volume is $3,008,658.
- What is Elrond (ERD)?
Elrond is a new blockchain architecture, designed for high throughput and fast execution speed. To achieve this, Elrond introduces two key features: an Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm enabling linear scalability. Elrond can process upwards of 10,000 transactions per second, with 5-second latency, and negligible cost, as it looks to enable a permissionless, borderless, globally accessible internet economy.
- How was Elrond launched?
In Q1 2018 Elrond’s core team put forward a technical paper about building a truly scalable blockchain using complete sharding for state, network and transactions, while employing an efficient and secure proof of stake consensus mechanism. After the breakthroughs required to solve some of the hardest problems in the blockchain space were validated by peers, Elrond received private placements from Sillicon Valley funds and notable investors such as Binance Labs, NGC, Maven 11, Woodstock Capital, followed by a public funding round via the Binance Launchpad.
- Who is the team behind Elrond?
Elrond is built by a team of experienced entrepreneurs, engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA. The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.