Elrond (EGLD) Moves Up 12.29% In The Last 24 Hours: What Is Its Uniqueness?

Elrond price today is $228.20 USD with a 24-hour trading volume of $188,818,097 USD. Elrond is up 12.29% in the last 24 hours. The current Coin Market Cap ranking is #35, with a live market cap of $4,450,334,248 USD. It has a circulating supply of 19,501,992 EGLD coins and a max. supply of 31,415,926 EGLD coins. Elrond describes itself as a blockchain platform for the new Internet economy, decentralized applications and corporate use. Its main advantage is high scalability since it is the first blockchain network in which state segmentation, networks and transactions are implemented.

According to his whitepaper, the project aims to create its own ecosystem and make EGLD a means of preserving value. To achieve this goal, the network operates on 2169 validator nodes, divided into four segments: three executive segments capable of performing 5400 transactions per second each, and one coordination segment, “Metachain”. Elrond’s adaptive state sharding architecture completely separates states, transactions, and networks. It can be scaled by adding an additional segment when the need for bandwidth is not met.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter