⚡️Elrond, the internet scale blockchain 🧭 Elrond - complete redesign of

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⚡️Elrond, the internet scale blockchain 🧭 Elrond - complete redesign of

Layer 1 blockchain architecture, Secure Proof of Stake (sPOS) consensus mechanism using key innovations like Adaptive state sharding and Secure randomness source, capable of processing 16,200 TPS (5,400 TPS per shard) with 6s block time and ~$0.001 tx cost. Elrond; Explorer;Tech

🚀Elrond’s goal: to build the backbone for a high bandwidth, low latency, transparent financial system, decentralized in nature, and accessible to anyone anywhere. Autonomous banking

🧭 eGold (EGLD) - native token of the Elrond Network with max supply capped at 31,415,926; issuance decreases over 10 years (9 left), used for transaction fees, smart contract calls, token minting, earn from staking, either as a validator or a delegator. eGold; Web wallet; Buy EGLD

💹 You can stake/delegate your eGLD towards Staking Providers directly from your web wallet or Maiar in one transaction, this way securing the network and getting rewarded with a variable APR between 10%-17%.
Keep in mind that delegation towards staking providers is non-custodial - they do not have any control over your funds - and also there is a 10 days unbounding period for security reasons.
Staking phase 3; Staking phase 3.5

📥Network setup:- currently, 4 shards (3 shards and a metachain), but capable of scalability on demand through Adaptative state sharding (a method of parallelizing data & transactions processing), secured by 3200 Validator nodes spread all over the world that are periodically shuffled in and out shards in a random manner for increasing security and not allowing for collusion opportunities. Validator nodes

📱 Maiar - first DAPP launched on Elrond, a non-custodial mobile wallet whose intuitive simplicity allows you to: a) store and send crypto ( EGLD, ETH, BNB/BEP2 and soon BTC!) securely using a herotag; b) directly purchase EGLD with fiat on-ramps, Apple Pay, Samsung Pay or Google Pay; c) stake your EGLD with staking providers, claim or compound your rewards; d) connect with Maiar DEX. Maiar

💹 Maiar Exchange - the ultimate automated market maker (AMM) /DEX that offers global, near-instant, inexpensive transactions between an expanding suite of assets; its native governance token - MEX - is essential for the sustainable development of exchange and is distributed to eGLD holder/stakers (MEX is not an airdrop! It must be claimed!). Maiar Exchange

🚀Maiar Launchpad - the ultimate catalyst for blockchain adoption; projects debuting on the Maiar Launchpad will tap into decentralized funding from the platform; to ensure that anyone, anywhere has fair and widespread access to important technologies and startups coming on Elrond, the Maiar Launchpad will be fueled by the MPAD token. Maiar Launchpad

💶 Elrond Standard Digital Token (ESDT) - a general standard of the Elrond blockchain platform (Elrond's version of ERC20), embedded in protocol, that allows people to issue their own tokens using network advantages: fast (16.200 TPS), inexpensive to mint (0.05 eGLD) & transfer (0.00005 eGLD). MEX, MPAD and BUSD will be some of the first ESDT's with use case on the network. ESDT

🎭 Non-fungible tokens (NFTs) are the purest digital representations of property, extending art, collectibles, game items that are unique. Elrond NFTs are ESDTs with additional metadata like royalties information . This enables high speeds and low costs for Elrond NFTs and SFTs minting, managing, and transferring transactions such as: ~ $0.20 to register a NFT brand, ~$0.01 to create a NFT, ~$0.01 to transfer a NFT. NFT

🚀 Are you a developer and you want to develop on Elrond? Check this: Smart Contracts can be written in Rust, C, C++, Royalties (30% gas to SC author), Smart Accounts: data trie for key value storage at account level. Time to build!

🤝 Few Elrond partners: Samsung, holoride (AUDI) Chain Link, Matic (Polygon), Binance, Orion, Elrond Partners