Elrond (EGLD) is a blockchain platform that implements an adaptive segmentation (sharding) scheme for practical scalability and ensures the fairness of work using the SPOs (Secure Proof of Stake) consensus mechanism. Focuses on security against Rogue-key, Sybil, Nothing at Stake attacks, etc. Offers an engine compatible with EVM. Since July 2, 2019, the IEO of the token has been held on the Binance exchange. During the lottery, 5 billion ERD were sold. In terms of throughput, it is much more efficient than centralized analogues. The architecture can be considered as an addition to existing models, striving to achieve a balance between decentralization, scalability and security. In a way, this is a revision of the blockchain architecture. To achieve the result, the team has developed a new mechanism for adaptive state segmentation, which increases the level of scalability as new nodes join the network. The project is based on finding a compromise on such parameters as decentralization, security and scalability. In a sense, the creators of the project are rethinking the architecture of the blockchain. The Elrond team offers a new infrastructure, its main advantages: High level of scalability; Complete confidentiality of information; Ability to resist censorship of Internet applications and technologies; The ability to launch radically different management models in the network; Elrond eliminates the need for intensive consensus algorithms and offers a new and more reliable secure proof of consensus on rates, improving communication within segments and reducing the state of the blockchain to the most necessary minimum. The Elrond blockchain is fully compatible with EVM and Ewasm, it is possible to run smart contracts in computer languages on it: Solidity; C++; The project is based on adaptive sharding. This is the name of the registry database optimization option using horizontal partitioning. The blockchain is divided into fragments, which makes it possible to significantly speed up the information processing process. The sharding model implies the separation of the network, financial transactions and states, which allows you to maintain the throughput of the blockchain with any number of active nodes without compromising decentralization and security. The chronology in the Elrond network is organized around a timeline, which is divided into epochs and cycles. While epochs can be changed along with the architecture of the system, they have basically a fixed duration, the expiration of which causes the reorganization and pruning of shards. Rounds also exist for a fixed amount of time. Within each round, a new consensus group is randomly selected for the segment, which is tasked with fixing one block in the segment book. Security is provided by the Secure Proof-of-Stake protocol. This is an algorithm in which consensus is achieved by randomly selecting validators from a special rating table. The random number matching mechanism identifies a node in a group of segments, which prevents the vast majority of malicious attacks. Each node in the segment determines the members of the consensus group (initiator and validators of blocks) at the beginning of the round. Such a scheme is possible due to the use of the aggregated signature of the last block as a randomization factor. Elrond allows different blockchains to interact with each other using an adapter on a virtual machine. However, for each chain incompatible with EVM, you need to create a separate gateway. Elrond was created by a team of experienced entrepreneurs, engineers and researchers with significant experience in blockchain and technical experience in Microsoft, Google, Intel and NTT DATA. The team consists of two candidates of sciences in the field of CS & AI, multiple champions in mathematics, CS and Olympiads in artificial intelligence.

The project manager is one of the pioneers of blockchain technology, a former employee of the NEM team, Beniamin Mincu. He led the marketing department in this project for 1.5 years. The team also includes: Lucian Mincu (CIO) — a qualified infrastructure engineer with 8 years of experience in developing complex products for startups and implementing high-tech, infrastructure and network solutions for large corporate clients, including government agencies of Germany. Adian Dobrita (blockchain engineer) has worked in leading companies such as Intel, ST-Ericsson, Continental. He was engaged in the development of industrial-grade embedded software in areas such as mobile communications and automotive.   Mining EGLD cryptocurrency is not mined using traditional PoW mining on video cards and ASICs. Money can be obtained either by participating in the maintenance of the network, or by staking. EGLD holders help the validator to make the bet necessary to launch a trusted node by signing their tokens into a smart contract. Thus, they contribute to achieving the necessary threshold of economic security and receive a percentage of his income. The Elrond Pre-staking process via Metamask has already been completed. To put or delegate your EGLD tokens, you need to create an official wallet, buy tokens on the exchange and choose the earnings option that suits you in the Betting section. How to buy or sell Elrond EGLD cryptocurrency is traded on the following exchanges: Binance; OKEx; Gate.io; Bitfinex; KuCoin; WazirX.