[Press Release] Elrond eGold (EGLD) to list Dec 23 on eToroX

With payment solution Maiar launching Jan 31, hypergrowth toward mainstream adoption

SIBIU, Romania, Dec 16, 2020 – (ACN Newswire) – Elrond, the blockchain offering a 1000x improvement in speed, scale, cost and user experience, has announced its token eGold (EGLD) will debut in the eToro ecosystem on Wednesday, Dec 23rd, when it becomes available on the eToroX exchange. EGLD is native to the Elrond network and represents a medium of exchange between users & developers who pay to use the network and validators who take fees as payment for the services they provide.

eToro is a rapidly growing global $2.5bn unicorn that offers digital asset management services to 15 million users trading stocks, commodities, forex, and cryptocurrency markets. eToroX is eToro’s professional crypto exchange, conceived and produced for the corporate and institutional-grade crypto trading community. eToroX is a highly effective, trusted and secure crypto trading solution.

Elrond earlier announced the launch of Maiar, its digital wallet and global payments solution, scheduled for Jan. 31. With these milestones, Elrond will position on a hypergrowth path, one toward mainstream adoption. In addition to crypto, the app will gradually provide the same features as PayPal, Venmo and Google Pay, but without collecting any personal information and charging negligible fixed fees instead of a percentage of the transacted value.

Elrond is a public blockchain that has delivered the first truly scalable sharding architecture solution, which is able to deliver more than 15,000 transactions per second (TPS) and can scale even further, having achieved 263,000 TPS in public tests. Elrond’s advantages are apparent: It is the platform that is best suited for creating the internet-scale blockchain, the future of the internet-scale blockchain.

Beniamin Mincu, CEO & Founder of Elrond Network said, “Bitcoin has proven that cryptocurrencies are secure and can serve an important purpose in the internet economy. Elrond opens up a new frontier offering internet-scale blockchain performance, and an intuitive application called Maiar, through which we aim to bring the next billion people to the blockchain space.”

About Elrond
Elrond, an internet-scale blockchain designed from scratch to bring a 1000x cumulative improvement in throughput and execution speed, introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency and negligible cost, to become the backbone of a permissionless, borderless, globally accessible internet economy.

Elrond website: http://www.elrond.com
Elrond on Telegram: https://t.me/ElrondNetwork
Elrond on Twitter: https://twitter.com/elrondnetwork

Media:
Dan Voicu, e: dan.voicu@elrond.com

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Off-Chain vs. On-Chain Crypto Transactions: Which One Is Better?

Off-Chain vs. On-Chain Crypto Transactions: Which One Is Better?

Knowledge is power; when it comes to cryptocurrency, the more you know, the better financial decisions you will make. There is a lot to learn within the cryptocurrency space, such as how the different layers of blockchain technology work and which blockchain has the fastest transaction speed. Another important thing you need to know regarding blockchain transactions is the differences between off-chain and on-chain transactions—and which one can save you more money!

5 Essential Tricks to Master Microsoft Excel

5 Essential Tricks to Master Microsoft Excel

Microsoft Excel (MS Excel) is a must-have for any business. It is a powerful spreadsheet software application that allows users to store, organize and analyze data. While Excel is fairly easy to use, it can be tricky to become an expert. Don’t know where to start? We have compiled a list of easy-to-follow hacks that will help you become a pro at Excel!

Top Three Weirdest Mobile Game Advertisements

Top 3 Weirdest Mobile Game Advertisements

Whether on YouTube or Instagram, I’m sure you all must have seen at least one mobile game advertisement. One common trope with today’s mobile game advertisements is that they tend to mislead their audience.
You might have come across these weird ads while scrolling through social media: In the ad for the strategy game “Game of Sultans”, a sultan is fat-shaming his daughter; in the match-three puzzle game “Lily’s Garden” ad, women use washing machines as vibrators.

The Maximalist Fashion Trend Where Did It Come From and Where Is It Going

The Maximalist Fashion Trend: Where Did It Come From and Where Is It Going?

If you Google “maximalist fashion”, you will be swamped with dressing guides dedicated to this “the more, the better” trend published by leading fashion magazines in 2022. Rapidly gaining popularity in the last couple of years, maximalist styles are breaking out of the runway of an Haute Couture fashion show, a red carpet event or a K-pop performance to conquer streets in high fashion neighborhoods.

How Is Technology Influencing the Food and Beverage Industry

How Is Technology Influencing the Food and Beverages Industry?

Food waste, sustainability and animal cruelty are some of the biggest challenges facing the food and beverage (F&B) industry nowadays. Like any other sector, the industry is dipping its toe into technology and innovations to seek solutions. While we are already seeing more food tech solutions in our everyday lives, like plant-based meat alternatives and food waste management startups.