Elrond is a high-performance public blockchain created to offer fast transaction throughput and significant scalability by using sharding, the database partitioning technique that allows more transactions to be completed per second. Its goal is to build a decentralized platform that offers higher quality performance, particularly in comparison to centralized networks.More
As mentioned above, the Elrond platform uses the Sharding technique (three kinds, actually), which means data is broken into smaller segments and then distributed to multiple shards of the network. Each of these chunks are composed of different nodes that help facilitate transactions.More
Elrond’s native token or currency is eGold or eGLD, and it’s available to purchase on any crypto exchange network. Coinmerce is a good exchange network as all you have to do to start buying eGLD is sign up and indicate your payment preference – credit card or other payment methods.More
You want to buy Elrond? You can buy Elrond using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Elrond, use the search function to search for Elrond and click on the name. You can indicate for how many euros you want to buy Elrond in the right window. Below is shown how much Elrond you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Elrond when the price of Elrond reaches your entered value. You can also execute a repeating order. Do you want to buy Elrond with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Elrond.
Lucian Mincu, Beniamin Mincu, and Lucian Todea established Elrond in 2017. The cofounders use the broadband and dial-up connection comparison in describing the kind of technology that Elrond offers. Broadband connections significantly improved bandwidth and therefore also improved speed and efficiency for users. Elrond does the same, especially when compared with previous blockchains. The platform facilitates more transactions and is better able to handle the demands of decentralized apps. The Elrond architecture has the following components: Validators – refers to those who manage block generation and consensus building. Users deploy the signed transactions for smart contracts execution, while nodes refer to devices or computer that are running on the network and handling tasks. eGLD tokens – this is what’s used to pay for processing transactions, dapps deployment, storage fees, and rewards. Shards – this refer to Elrond’s sharding system units. The Elrond community is composed of Ambassadors (they develop the ecosystem), Investors (helps make the future happen), and the Makers.