What is Elrond (EGLD)?

Elrond is a blockchain that enables smart contracts similar to Ethereum, though it offers a more scalable blockchain. To accomplish scalability, Elrond uses the Secure Proof-of-Stake process to validate transactions. In this process, not all validators have to confirm the transactions, but a smaller group of validators is chosen by a random selection process. This group changes after each block of transactions. In addition, Elrond incentivizes programmers to develop on their blockchain by giving them 30% of the fees that accrue when using smart contracts.
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EGLD
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Cryptohunt's Opinion

Our take on Elrond

Elrond has taken the idea of smart contracts from Ethereum and tried to create a better blockchain. Besides the additional incentives for programmers to work on Elrond, it offers a more scalable and secure solution. On one hand, the Secure PoS method allows for a more scalable validation method that allows for a high number of transactions. Indeed, it does not allow as many transactions as Solana yet. However, on their test environment, already 260000 transactions per second have been tested. In addition, they have not had any downtime compared to Solana.
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What makes Elrond special?
Elrond is a on its own, uses to validate transactions, and is. Elrond also supports.

Interesting facts about Elrond

Here are some facts you may not already know about Elrond. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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Programmers receive 30% of smart contract fees, giving them a greater incentive to contribute to Elrond.

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Secure Proof-of-Stake selects validators randomly, so not all validators have to confirm transactions.

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Elrond is a more scalable alternative to Ethereum enabled by Secure Proof-of-Stake.

Elrond reviews from the cryptohunt community

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Elrond price and insights

See how much Elrond is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
No reviews yet
0% feel totally fine about Elrond today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
-
# Telegram members
60,767
2% of them are active
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Elrond, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
-
# Active Discord members
-
# Telegram members
60,767
# Active Telegram members
1,149

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