Elrond is a blockchain protocol that aims to provide amazingly fast transaction speeds through segmentation. The project describes itself as a technological ecosystem for the new internet that includes FinTech, decentralised finance and the Internet of Things. It is presented as a smart contract fulfilment platform capable of performing 15,000 transactions per second, with a six-second delay, at a cost of $0.001 per transaction.
To achieve these speeds, the network operates on 2,169 validator nodes that are divided into four segments: three execution segments capable of performing 5,400 transactions per second each and one coordination segment. Elrond's adaptive architecture completely separates its state, transactions, and network. As such, Elrond can be scaled up by adding an extra segment when the bandwidth demand is not met.
To boost its implementation level, the project also supports developers working on the platform by making it possible for them to earn 30% of smart contract fees through royalties. Elrond's network is on track to provide the fastest, most scalable and most secure blockchain platform for real-world applications, delivering a 1000-fold improvement over blockchains like Bitcoin or Ethereum.
Elrond was first announced in August 2019, and its tokens started trading in July 2020.
EGLDUSD's average intraday volatility is 10.7%.
How to buy and sell EGLDUSD CFDs
You can buy and sell CFDs for EGLDUSD through a broker or a trading platform, such as MetaTrader 4 or Libertex, where leverage can be used, and you can trade if the cryptocurrency's value goes down or up.