what is EGLD Cryptocurrency?
EGLD cryptocurrency is a currency of the Elrond Protocol. That protocol seeks to provide high transaction speeds by using fragmentation.
|The project is a new Internet technological ecosystem, which includes decentralized finance and financial technology.
The ecosystem also has a digital currency with an EGLD code, which is used to pay network fees, in addition to rewarding authenticators “people who support the network by freezing EGLD.
The EGLD Cryptocurrency was first announced in 2019, and its flagship network was launched in 2020.
Founders of EGLD Cryptocurrency
EGLD Cryptocurrency was founded in late 2017 by the Beniamin brothers and Lucian Mincu with Lucian Todea as a solution to the problem of the developability of the BlockChain network. which they thought was the most difficult problem facing the industry.
They also co-founded MetaChain Capital, a cryptocurrency investment fund.
Benjamin and Lucian Mincuvi also co-founded the ICO Market Data, an information pool on primary currency offerings.
Benjamin was also responsible for the products, marketing, and community of the blockchain NM platform from 2014 to 2015.
Lucian Mincu has additional experience as an IT engineer and security specialist, working with Cetto, Uhrenwerk 24, and Liebl Systems.
Lucian Todea is a technology entrepreneur who .previously served as CEO of Soft32, a website for software review and download, and as a partner at MobilPay, a mobile payments app. Todea is also an angel investor, investing in the biometric technology company TypingDNA and the accounting platform SmartBill.
EGLD Digital Currency Project
EGLD is a technology that divides data into. smaller parts and then distributes it across many parts of the network or parts that each includes on a set of contracts that process transactions.
Elrond also uses a safe quota system consensus .mechanism, that consensus mechanism that combines the weight of the checker’s distinctive EGLD currency with the network rating for each node. In addition, Elrond carries out a random selection of the auditor and rearranges the contract between the parts regularly.
Elrond also implements three different types of. fragmentation, network, status, and transaction, and uses parallel processing to speed up transaction time and deal with more at the same time
What distinguishes Elrond?
Elrond describes EGLD Cryptocurrency as a blockchain platform for the new internet economy, decentralized applications, and enterprise use. The main point of sale is the high scalability, as it indicates that it is the first blockchain network in which every fragmentation of status, transaction, and network is made.
According to EGLD’s economy paper, it seeks to build its ecosystem and create EGLD as a value store asset. To achieve that goal, EGLD operates on 2,169 verification .nodes divided into four parts: three operational ones capable of 5,400 transactions .per second, and one coordination part, the “Meta chain”.
The EGLD project also supports developers .building on the platform to increase adoption, allowing them to earn 30% of smart contract fees.
Buy EGLD currency, price
There are lots of cryptocurrency exchanges from .which you can buy EGLD, the best of which is the Binance platform, where the volume of trading is large.
That digital currency is currently priced at about US $52 per currency (13/7/2022).
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