[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

Top Must-Follow Productivity Influencers in 2023

Top Must-Follow Productivity Influencers in 2023

Productivity is a key aspect of success in today’s fast-paced world. Being productive enables individuals to balance their work and personal lives effectively while accomplishing their goals efficiently. To help you stay on track and reach your full potential, we’ve identified top influential productivity experts who provide valuable insights to maximize your efficiency in 2023.

What Can Drones Be Used For, and Do They Have a Future?

What Can Drones Be Used For, and Do They Have a Future?

In January 2023, Australian soldiers used drones to search for a missing woman. The drones helped them reach areas that might have been too challenging for a human to enter. For the past few years, the drone economy has been booming. Global investments in the industry amount to US$1.15 billion, with China leading the market.

2022 FIFA World Cup

The Most Controversial VAR Decisions at the 2022 FIFA World Cup

The footballing world has welcomed many new technological developments in recent times. Its goal is to make decision-making more accurate and provide a better experience for players and fans alike. These technologies include the video assistant referee (VAR), semi-automated offside technology (SAOT) and sensor-equipped footballs, all used extensively during the 2022 FIFA World Cup in Qatar.

Self-funding Your Startup? Follow These Expert Tips from Proven Entrepreneurs

Self-funding Your Startup? Follow These Expert Tips from Proven Entrepreneurs

Starting a new business can be an exciting and challenging endeavor, with securing funding being one of the biggest obstacles. Traditional funding options, such as venture capital and angel investing, can be time-consuming, especially for new and untested businesses. In such cases, self-funding, or “bootstrapping”, might be a viable option.

Navigating Ghost Job Postings: How to Avoid Them

Navigating Ghost Job Postings: How to Avoid Them

Job searching can be a daunting task, especially with the risk of encountering scams or fraudulent job postings. Ghost job postings, which refer to open job positions that are not actively being filled, are a common issue that jobseekers should be aware of. According to a survey by New York-based financial consultancy Clarify Capital.

Can AI Help You Flirt Better

Can AI Help You Flirt Better?

“Excuse me, but I think you dropped something: my jaw.” This is the pick-up line the famous artificial intelligence (AI) chatbot ChatGPT dished out when we asked for some viable options. Not the most original, sure, but not bad for a trained algorithm.