Elrond

Live egld/INR Price

7,102greenIcon-2.03

Price Changes

-36greenIcon

24h Low

24h High

Elrond ()

7,102

greenIcon-2.03

Price Changes

-36

greenIcon

24h Low

24h High

Reasons to Buy Elrond

  • It gathered a massive amount of $1.9 billion in its ICO(Initial Coin Offering).
  • It gave a huge ROI of around 1300% by the end of 2020.
  • It can process up to 15,000 transactions per second.
  • It has a market capitalization of more than $2.7 billion.
  • It has a maximum supply of more than 31 million EGLD.

Elrond was launched in the year 2017. It was co-founded by the Mincu brothers- Beniamin Mincu and Lucian Mincu with Lucian Todea alongside.

It is a decentralized blockchain network that aims to provide better speed, security, and scalability than its rival cryptocurrencies leading the market. It claims to solve the scalability trilemma(issues with scalability, security, and decentralization) with thousand times more efficient results than the strong rival Bitcoin.

Elrond has its official native token as eGold, commonly known as EGLD, that is used as a medium to provide incentives.

Things to consider before buying Elrond

  • Elrond uses Sharding that provides better scalability results.
  • Anyone can see through Elrond’s code since it is an open-source platform.
  • The platform provides a more developer-friendly workspace than the other crypto platforms.

FAQ's

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.