Elrond is a highly scalable, fast and secure blockchain platform.
- What is Elrond (EGLD)?
Elrond is a technology ecosystem for the new internet. Its smart contracts execution platform is capable of 15,000 TPS, 6s latency and $0.001 tx cost, focused on fintech, DeFi and IoT.
Elrond’s money & DeFi app Maiar offers an intuitive first-time experience with blockchain, offering progressive security and a gamified approach to unlocking more useful features.
The Elrond Proof of Stake economic model has a limited supply; its token is named eGold to convey the notion of digital store of value to the next billion users.
- 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 Silicon 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.