Elrond's (ERD) price today is $0.1839 USD. Elrond's current price is now 7.4% higher than yesterday. A total of $1,240.23 in Elrond (ERD) was traded globally across all exchanges in the past 24 hours, which is -49% less than the previous 24 hours.
Elrond describes itself as a new blockchain architecture, designed to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two features: Adaptive State Sharding mechanism, and a Proof of Stake (PoS) algorithm, enabling linear scalability with a reportedly fast, efficient, and secure consensus mechanism. Thus, Elrond can reportedly process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost. It aims to become the backbone of a permissionless, borderless, globally accessible internet economy.
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