What is Elrond (EGLD)?
Elrond is a blockchain network combining Adaptive State Sharding and its unique Secure Proof of Stake (SPoS) consensus mechanism to offer an “internet-scale” blockchain with utmost scalability, efficiency, security, and interoperability for enterprises. There is no denying that blockchain can take the world of finance to the next level while positively impacting several other industries worldwide. However, whether or not blockchain can scale to meet the high demands in a short period is still a concern. Even Bitcoin, the world’s largest cryptocurrency by market capitalization, is not immune to the scalability issue of its blockchain network. On the other hand, Ethereum is developing to address the scalability issues with their recent upgrade to ETH 2.0. Many emerging projects in the crypto ecosystem nowadays are trying to solve this problem and improve blockchain scalability. One such project is Elrond that aims to make mainstream adoption of blockchain and cryptocurrency a reali...