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What is Elrond all about
Elrond blockchain and Elron Token (EGLD) works under Elrond Network, a company based in Malta founded by Lucian Todea, Beniamin and Lucian Mincu in 2017. Elrond was launched with an Initial Exchange Offering (IEO) on Binance Launchpad in 2017 where they managed to raise $3.25 million. At this time, Elrond distributed ERD as their cryptocurrency which was later swapped to EGLD after their mainnet in July 2020.
Elrond uses Secure Proof-of-Stake (SPoS) as their consensus mechanism. Developers on Elrond blockchain use Elrond Integrated Development Environment (EIDE) to build customizable projects and dapps. The programs can be written in many programming languages like Rust, C, and C++.
Transactions on the Elrond blockchain are confirmed and processed using a process called ‘Adaptive State Sharding’. Under this process, a node is split into parallel and equal subsets by the validators. Block producers then aggregate transactions into blocks. The final step is for validators to accept, reject, and validate the blocks before adding them to the main blockchain. Validators can earn up to 36% APY for their tasks while EGLD holders who delegate their stakes can earn up to 29% APY in rewards.
Elrond has partnered with several companies like Samsung Blockchain, TypingDNA, SmartBill, Netopia, and Distributed System Research Laboratory in Technical University of Cluj. Elrond’s objective is to continue growing with more scalability and usability without compromising the speed and security.
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EGLD Questions & Answers
What is the price of Elrond right now?
Current price of Elrond is 47.35 Euro.
What was the price of Elrond at its highest?
We saw the highest spike in the price of Elrond on 2021-11-23, at 484.50 EUR.
What will the Elrond price be in half a year?
Accurate long term projections are very difficult, however based on our price prediction we suspect Elrond's price will reach anywhere between €0 and €89.78 in half a year.
Is Elrond expected to increase in value in one month?
Based on our price prediction, we estimate that the value of Elrond will be between €0 and €89.78 next month.
Is Elrond going to be worth more in three months?
Based on our prediction we suspect Elrond's price will reach anywhere between €0 and €89.78 in 3 months.
What is the online popularity of Elrond?
16092 individuals were participating in discussing Elrond online on Reddit in the last 48 hours. Elrond's Twitter profile is followed by 644822 people.
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