Today we will talk again about the Elrond project, as it is an active project that will make a huge contribution to the development of blockchain technology. I will continue to talk about his outstanding characteristics, which I have not been able to explain in other articles.
Bitcoin, which we met almost 10 years ago in the financial markets, and other cryptocurrencies that follow it, have now reached huge market value. This will contribute to the development of a new system that will reduce the dependence of the financial sector on reserve currencies. As with other innovations, certain failures are detected and fixed on this platform over time.
Thanks to bitcoin and other cryptocurrencies that offer us alternatives in the investment and financial sector, today we have a healthier and faster financial sector. A new system is being developed that will be an alternative to Fiat currencies. As the use of cryptocurrencies in everyday life grows, people will adopt this system more and more. Here's more information about the project elrond, which will make a huge contribution to the development and the processing speed of this platform https://elrond.com
Elrond is creating an infrastructure that will allow blockchain technology to increase the speed of transactions per unit of time and make the system faster, safer and more paid. Faster development will be achieved after the testing stages with the help of Elrond Network.
If you generalize Elrond Network is a new decentralized app aims to provide a high level of support and security for all existing consensus groups and units, based on a range of smart contracts that are compatible with the EVM and structure EWASM.
Elrond uses a mixture of PoS and pBFT consensus - broadly similar Algorand, but in addition to the fines and the weight of the vote at the October warehouse used rating. Noda plays by the rules-rating is growing.
The main advantage of Elrond blockchain in comparison with competitors is that the developers have implemented a new algorithm for building consensus, called secure proof of bets. The SPOS system, which is a reliable proof of ownership, allows you to completely eliminate the mining process, and mining eliminates the need for expensive equipment for mathematical calculations, as well as the cost of energy is very important.
Platform features Elrond:
We have a very strong and experienced team and consultants,
The project has been running for six months, although in June he met with the public.
The team wants to produce a working product before conducting token sales.
The marker has been released, no details about the sale, although there are indications that will have a very reasonable amount.
The level of hype is moderate, but growing.
About the token:
Elrond (ERD) tokens will work in the network as the main digital block. All costs for transaction processing, creation of smart contracts, distribution of Dapp, validators rewards as well as awards for contribution to the ecosystem will be calculated on the tokens ERD Service. In addition, fees, payments and balances of the addresses will also be included tokens ERD.
Project road map:
Elrond draft currently represents a successful project that actively work tokens that are traded on exchanges. We've all seen the interest he saw in his first presentation on the Binance crypto exchange, and even that interest comes to understanding the value of the project. He also started trading on other major exchanges. Today Blockfolio are even involved in an alarm system.
Increasing transaction speed will have the most advanced platform in this area. The quality of the project team and compliance with the roadmap it will implement also prove. Blockchain technology will be better understood, so the market will also have very fast and steady growth.
Thank you for attention!
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