English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 16 December 2020, 11:00 HKT/SGT
Share:
    

Source: Elrond Network
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: [email protected]



Topic: IPO
Sectors: FX & Digital Currencies, FinTech & Blockchain, ICO's
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
ROK-Biotech, Korea's leading cosmetic brand, Launches the new product 'Dr. M-KIN Anti V Hand Cream'  
Feb 27, 2021 11:00 HKT/SGT
Broad Homes (02163.hk) to Intensify Its Leading Position Through Data-driven and Dual-driver Strategies  
Feb 26, 2021 20:36 HKT/SGT
Venture Capitalist Ng You Zhi Seeks to Invest in Luxury Car Dealership Startups  
Feb 26, 2021 19:00 HKT/SGT
Avance Clinical and Medidata Celebrate Strategic Partnership and Inhouse Expert Accreditation Milestones  
Feb 26, 2021 16:00 HKT/SGT
Moonstake Wallet Now Supports Staking of Centrality's CENNZ  
Feb 26, 2021 15:00 HKT/SGT
BYD to Help Kyoto Reach Japan's 2050 Carbon Neutral Goal  
Feb 26, 2021 10:20 HKT/SGT
Fujitsu and University of Toronto Researchers Develop Quantum-Inspired Technology to Optimize Radiation Treatment Plans for Brain Tumors and Other Diseases  
Feb 26, 2021 09:59 HKT/SGT
NextGen Blockchain Platforms Self-Organize to Win Government Contracts   
Feb 26, 2021 08:01 HKT/SGT
Alchemie Technology Teams Up with At One Ventures and H&M Group to Deliver Sustainability Breakthrough in Textile Dyeing and Finishing  
Feb 26, 2021 00:00 HKT/SGT
DENSO and Yamato Transport Develop D-mobico, Compact Mobile Refrigerator  
Feb 25, 2021 18:28 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575