What is Elrond (ERD)

By Robertoit | Wallet and cryptocoin | 8 Aug 2020


A week ago (1 August) I wrote about my interest in the ERD coin.
I said that I was looking for an interesting coin and that ERD had attracted my attention (the article)
Now it is time to explain a little bit what ERD is. There are three strengths that are highlighted on the official website.

Massively scalable

The performances have an improvement of up to x1000 compared to previous types of blockchains, thanks to the combination of the three types of sharding: state, transaction, and network.

Secure and Efficient

A new consensus approach called "Secure Proof of Stake" has been used which improves eligibility via stake and rating with the random selection of the validator. The consensus protocol maintains a high level of security through random sampling of the consensus group and random shuffling of nodes into other fragments.

Developer-Friendly

A smart contract execution engine, based on Elrond virtual machine, extends the languages available for developers to include Rust, C / C ++, C #, Typescript.
This allows more programmers to develop contracts.

A few numbers of ERD

Price at the moment: 0,02044979 USD

Market capitalization: 276.852.814 USD

Growth in the last year: 768% (last week 550%)
Growth in the last month: 202% (last week 231%)
Growth in the last week: 11,5% (last week 27%)
Growth in the last day: 3,3% (last week -13%)

1 Bitcoin = 490437,62 ERD (last week 567876.38 ERD)

Website: https://elrond.com/

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