What is Elrond (EGLD)?

Elrond is a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases, and the new internet economy.

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The Internet Scale Blockchain

elrond.com

Who are the founders of Elrond?

Elrond was co-founded in late 2017 by brothers Beniamin and Lucian Mincu alongside Lucian Todea as a solution to the problem of blockchain scalability, which they thought to be the most pressing problem facing the industry.

Highly determined team:

  • Elrond is built by a team of experienced entrepreneurs, engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA.
  • The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.

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  • Elrond uses what it calls a secure proof-of-stake consensus algorithm in which nodes must stake their EGLD tokens to participate in the validation process, and each validator is assigned a rating score based on past activity.
  • Validators are randomly selected in a way that can be neither predicted nor modified based on the previous round of validations. 
  • Nodes communicate among one another using modified Boneh-Lynn-Shacham, or BLS, multi-signatures for strong cryptographic protection.

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Elrond employs random sampling of validators and block proposer every round from the shard nodes.

This way the time the validators are exposed is limited to one round (5 seconds), so only 1 Globally Predictable, which increases the security of Elrond against bribing and DDoS compared to Ethereum.

According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset.

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According to CoinMarketCap, the Elrond economic model has a limited supply that starts at 20,000,000 EGLD, with new tokens minted to reward network validators. 

The maximum supply can never exceed 31,415,926 EGLD, but this number will decrease as more transactions are processed.

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EGLD can be purchased on cryptocurrency exchanges such as:

  • Binance
  • OKEx
  • Bitfinex
  • crypto.com
  • AscendEX
  • gate.io
  • Also, you can buy from Maiar App.

Don’t Risk More Than You Can Afford to Lose!

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How to buy eGold (EGLD) on Maiar?

You can buy eGold (EGLD) straight from Maiar using through bank transfers, Apple Pay, Samsung Pay, Visa, Mastercard & Revolut transfers.

How to buy:

1. Click the ➕Buy button in the Vault

or Click the big blue Elrond logo in the middle & click ➕Buy

2. Select one of the payment processors:

  • Transak
  • MoonPay
  • Ramp Network

3. Make the payment

4. Done ✔

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Maiar (usually called the future of money) is a digital wallet and global payments app that allows you to exchange and securely store money on your mobile phone. 

It is using the Elrond blockchain's internet-scale performance, scaling beyond 100,000 transactions per second, to reimagine how people interact with money, assets, titles of ownership or any value transfer for that matter.

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Beniamin Mincu

Blockchain technology will open an era of unparalleled opportunity.

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