Elrond (EGLD) is about distributed apps, enterprise use cases, and the new internet economy. They are setting a new standard in the blockchain space.
Beniamin Mincu, Founder and CEO at Elrond Network, expressed, Internet scale performance is critical to unlock the next wave of adoption. Elrond is live, and ready.
In this regard, Sydney Ifergan, the crypto expert tweeted: “Get to know Elrond (EGLD) its Adaptive State Sharding Technology, Dev ToolKit, and key features providing for great developer experience.”
Elrond facilitates different frameworks and tools for DeFi application developers. All of these help in improving the Internet to bring it to a fundamentally new level.
They are focusing on 1000-fold cumulative improvement in throughput and execution speed, which is something that every blockchain lover would like to see.
Elrond ESDT Token Model
The ESDT token model makes it possible to provide for true ownership of assets, advanced programmability, and low transfer fees, making it an essential foundation to build efficient and robust DeFi products.
The token transfers are inexpensive. This is enabled by the built-in functions by protocol which makes it possible for tokens to be transferred from one account to the other without having to invoke a smart contract while at the same time paying the associated fees. Thus, it is possible to transfer stable coins at a lower cost when compared to other blockchain, therefore making Elrond an important player in the advancement of DeFi.
Elrond (EGLD) Integrations
The Elrond architecture and its protocol has been created with a clear thought of interoperability in mind. Elrond mainnet can be easily integrated into a network of protocols.
By integrating $EGLD with blockchain interoperability protocol PolyNetwork2, Bitcoin, and tokens from Ethereum, Neo, Ontology and Cosmos are made available on the mainnet for cross-chain DeFi using Elrond tech.
The price of EGLD is yet to take off. So, for investors this might be right the time to take position. BTC and ERC20 liquidity is made easily available for Elrond Native DeFi use cases.
The internet is made up of a vast array of interconnected computers covering different networks, equipment, software etcetera and all of this is to provide for unaltered data to anyone from across the world. Thus, it is known as Internet of Data.
Developers, validators, and businesses are making use of Elrond to build a new internet economy and all are hoping to enjoy the benefits of 1000x improvement in blockchain speed, cost, scale and user experience.
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