ERD

Elrond

Binance Coin$0.02
  • 1h-0.24%
  • 24h+1.26%
  • 7d-20.60%
  • Rank43of 4360
  • Market capitalisation$281,744,820.760.08% of total0.21% of altcoins
  • 24h volume$21,543,158.630.03% of total0.03% of altcoins
  • Available supply13,323,533,426.513
  • Total supply20,000,000,000
  • Max supply

Elrond describes itself as a new blockchain architecture, designed to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two features: Adaptive State Sharding mechanism, and a Proof of Stake (PoS) algorithm, enabling linear scalability with a reportedly fast, efficient, and secure consensus mechanism. Thus, Elrond can reportedly process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost. It aims to become the backbone of a permissionless, borderless, globally accessible internet economy.

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