Elrond ($EGLD) - What is it and how does it work | Animation | Cryptomatics
In this video, we will take a look at the Elrond Blockchain, how it works, and what this project aims for.
Elrond was founded in 2017 being an ecosystem built on its own Blockchain. The founders, Beniamin Mincu, Lucian Mincu, and Lucian Todea started with the vision to make Elrond the leader of the DeFi universe.
To achieve this goal, the Blockchain has been designed to confirm a large number of transactions per second and to have scalability, interoperability and enough users to create an attractive market for any application developer - that is, for dApps.
Currently, Elrond can host dApps and process up to 15,000 transactions per second at a low cost compared to Ethereum's GAS Fees, while also having an architecture that gives it increased operability and scalability.
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🔥CryptoRobin 👉 / @cryptorobineng
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CHAPTERS –
0:00 Intro
0:23 What Is Elrond?
1:06 What Are the Technical Particularities of the Elrond Blockchain?
2:17 What Exactly Does Elrond Do?
3:15 Advantages and Disadvantages of Elrond
3:57 Conclusions
4:23 Outro
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⛓️ 🔗 Useful Links 🔗⛓️
►https://elrond.com/technology/
► / elrond-network
►https://help.elrond.com/en/articles/4...
► / elrondnetwork
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#Elrond #EGLD #ElrondNetwork #Animation #Cryptomatics #Blockchain #Crypto #CryptoEducation