Cryptocurrency: “Elrond has the same growth potential as ETH with a very experienced development team.”

Elrond is a distributed network-based decentralized application development and hosting (Dapp) platform with an emphasis on scalability and low transaction costs. Elrond is therefore a competitor to more popular blockchains such as Ethereum and Solana.

Route of Elrond (EGLD): what is the current price?

Here is Elrond’s live course.

The essential things to know about Elrond

Creation of crypto EGLD

The Benjamin brothers, Lucian Mincu and Lucian Todea, co-founded Elrond in late 2017. Before founding Elrond, they co-founded MetaChain Capital, a digital asset investment firm, and ICO Market Data, an ICO data aggregator. Todea is the founder and CEO of Soft32, a software review and download site.

The Elrond team consists of 27 developers, designers and engineers from Intel, MicrosoftITNT and Soft32 since June 2021. It also includes specialists from George Mason University and the University of Illinois, as well as seven advisors from GoogleNASA and Ethereum.

How it works Elrond ?

For validating transactions on its blockchain, Elrond has implemented 2 concepts:

  • I’Adaptive mode cutting : it is a branch of the Elrond infrastructure to manage additional transactions and applications without slowing down the network.
  • SPoS (Secure Proof-of-Stake) : This is an Elrond-exclusive consensus that combines eligibility based on staked EGLDs and validator scoring with random node selection.

Elrond’s native cryptocurrency is the EGLD (Electronic Gold) token. It runs the Elrond network and is used to pay transaction fees to use the network. Validators are paid in EGLD.

Some DApps launched on Elrond

Crypto EGLD : our opinion and prediction for 2022

  • Elrond Mirror Mag Global Rating: 8/10

Statement on the project Elrond

The speed of transaction processing on Elrond and the cooperation with other protocols make it a competitive blockchain for DApp development.

Notice of price volatility

EGLD/USD price is more or less stable with actionable chart patterns.

Price prediction‘Elrond medium term

After falling back to August 2021 levels, EGLD has become low enough for investments to take advantage of the upcoming rally in the cryptocurrency market.

Price prediction‘Elrond long term

EGLD has the same growth potential as ETH with a very experienced development team. As was the case with Ethereum, the long-term target of $4000 is quite realistic.

Conclusion – Should You Invest in Elrond Crypto?

Elrond is still far from “killing” Ethereum, but it is one of them ethereum killers the most relevant.

Useful resources to invest in Elrond (EGLD)

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