it recently and couldn't give a clear and short answer:
What does Elrond do?
Thank you to anyone who answers
Elrond is the backbone of a new blockchain. Elrond is the basis for this Web3 ecosystem. Egld is the natural token
Essentially it's a layer 1. So you can compare it to ETH, SOL, BNB. Other programmes and tokens can build on top of it, like the tokens you can purchase on their DEX
Check the tutorial
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