Elrond [OLD TOKEN] (ERD) Price Live Statistics
Elrond [OLD TOKEN] price today is $0.1922870000 USD, which is up by 0% over the last 24 hours.
There has been an hourly dip by -0.07%.
Elrond [OLD TOKEN]’s market cap currently sits at $ USD, holding up for a market cap rank at #-.
There is an upsurge in the weekly values by 0%
Yesterday’s opening price reports to be $102.68 USD while closing rates were $108.95 USD
The high/low price for yesterday was $110.67 USD / $100.11 USD and the volume were at $115,146,015.77 USD
The high and low price for 7 days is $110.69 USD / $81.71 USD ,
for 30 days is $110.69 USD / $65.37 USD and
for 90 days is $193.32 USD / $53.53 USD
Elrond [OLD TOKEN] ranks no - in the market capitalization of Elrond [OLD TOKEN] is at $ and its volume for 24 hours is .
- Elrond [OLD TOKEN] are under circulation, with total supply of - and the Maximum supply of -.
What is Elrond?
This integrated mechanism provides linear scalability which the users have been looking for. Not only that, but it also has a smart contract platform that can process up to a whopping number of 10,000 transactions upwards. With a 5-second latency and low transaction costs, it remains borderless, permissionless, and globally accessible.
Elrond uses a secure Proof of Stake mechanism to achieve the results to provide a better-decentralized experience that provides more privacy than centralized platforms. It describes itself as the new internet economy that provides scalability and high-speed execution
The framework of this innovative blockchain consists of multiple components to provide the best results. Let us know about the basic components of this impressive blockchain architecture.
Nodes and Users - Nodes and users are the two components that keep the network running. Users make the transaction on the network as transfer value or by smart contracts. The nodes are the devices on the network that processes the transaction.
Validators - They provide block generation and consensus-building. They are a special type of nodes that carry out the same work. Validators need to stake token on the network to become eligible. Later, they get nominated by other stakeholders.
Shards - These are the key factor of the network which provides Elrond its unique features. Validators ensure that shards are distributed evenly throughout the network.
How much Elrond is in circulation?
Elrond’s current price is 23.79 USD. The circulating price of EGLD in the market is 1,46,25,015 EGLD coins. It has a max supply of 3,14,15,926 EGLD coins.
Other important statistics you can look for is the 24-hour volume and market capital. The 24-hour volume for EGLD is USD 5,69,72,075 and similarly, the market cap is 35,63,45,021 USD.
Who are the founders of Elrond?
Elrond has an impressive team that consists of people who have extensive engineering and technical backgrounds. It is a team of 24 members, engineers, and researchers who have previously worked with companies like Microsoft, Google, and Intel. They also have prior experience working on blockchains.
The CEO of Elrond, Benjamin Mincu. He has experience working on blockchain at NEM for about 1.5 years as a core team member. He brings top-notch skill-sets to the table. At NEM, he lead the business, marketing, and community building.
CIO of Elrond, Lucian Mincu is an engineer with great experience in providing complex infrastructure and network solutions. He also has a wide portfolio of serving great clients like the German Government.
COO Lucian Todea is an investor and entrepreneur who has spent 15 years in the tech and startup space.
Additionally, the company also has 7 members in the advisory team who provide their valuable insights and knowledge to grow and upscale the company while improving the services and solutions.
How secure is the Elrond Network?
Elrond is a highly secure network with the kind of technology it appoints for carrying out the nodes. It uses a sharding system and PoS for providing extensive security. To participate in the validation process, one must stake EGLD tokens. The validator is assigned a rating score based on his previous performance which also decided whether the validator is reliable or not for carrying out work on the network.
In case of any act that is malicious or can harm the integrity of the network time and again, Validators can be removed from the network. Their stake is either slashed or they can be penalized for the poor performance.
Where can you buy Elrond?
Elrond tokens or EGLD can be bought on cryptographic exchanges such as Binance, OKex, Bitfinex, Bitmax. Additionally, it can also be exchanged with fiat currencies such as US dollars and Indonesian rupiah. It can also be traded with other cryptocurrencies such as Bitcoin and Binance coin.
Elrond aims to make the new internet ecosystem that allows fast and secure paying methods that are decentralized for better privacy.