Elrond is a protocol for communication and value transfer with a high throughput. To ensure safety, efficiency, scalability and interoperability, a Proof-of-Stake (PoS) consensus mechanism and “Adaptive State Sharding” are used. Elrond's test network processes at least 10,000 transactions per second. In short time the mainnet of Elrond will be life. It will be announced on the 4th of July 2020.
Elrond's goal is to create a platform with high throughput, fast transaction speeds and low transaction costs, which will enhance the user experience of decentralized applications (dApps) in everyday applications. One of those applications is to facilitate communication between Internet of Things equipment.
Partnerships
The firm has taken business collaborations up a notch and has formed an additional 16 strategic partnerships in a span of the last 6 months. The most notable partnership comes with the integration of ERD tokens on Samsung’s blockchain wallet, which will enable a global potential user base access to Elrond’s Network.
I think that the ERD token is very much undervalued and is in a prime position for significant price appreciation, as investors seek to unlock greater value in the token. The current price of the ERD token is $ 0,005581 and can be bought at Binance.com on which the token is mostly traded.
