What is Elrond (EGLD)? | Elrond Explained in Under 60 Seconds #Shorts

The Elrond blockchain platform provides a fast & highly scalable infrastructure for DApps, enterprise use and the new internet economy. The Elrond native token eGold (EGLD) powers the technology ecosystem. Used for transactions, staking, validator rewards & governance.

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Adaptive State Sharding - To increase scalability, Elrond uses ‘Adaptive State Sharding’ which combines the State, Transactions & Network sharding types to increase performance.

Transaction speeds are also increased through the use of sharding. The Elrond blockchain protocol can process 15,000 transactions per second with low cost.

Secure Proof of Stake - EGLD holders can earn rewards through staking, while helping to secure the Elrond network. EGLD is locked into smart contracts to delegate or run validator nodes.

The Elrond Virtual Machine (Elrond VM) is a smart contract execution engine that allows developers to build on the platform using any programming language.

WEBSITE: https://elrond.com/