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Elrond (EGLD) exchange rate

Price for today

52.529 USD 5.57%

0.00268237 BTC 2.8%

Market Cap
1,182,134,820 $
Volume 24h
42,842,892 $
  • Name Elrond

  • Symbol EGLD

  • Circulating supply 22 504 474 $

  • Max supply 31 415 926 $

  • Cmc rank 42

  • Volume 24h 42 842 892 $

  • Percent change 1h 0,59 %

  • Percent change 24h 5,6 %

  • Percent Change 7d -8 %

About Elrond

The Elrond community is a public blockchain created to offer excessive-stage scalability, interoperability, and excessive throughput. The aim is to create a decentralized network which could offer the equal or higher performance when in comparison with centralized networks, whilst additionally presenting customers with greater privacy. The Elrond network plans on accomplishing those goals via its particular era Adaptive country Sharding, and through using the comfortable proof of Stake (SPoS) consensus mechanism. The ERD token is what powers the network, appearing because the entry point for the network, and presenting the approach to pay for transactions, dApp deployment, storage, smart settlement execution and rewards to validators. Transaction fees are break up between validators and the Elrond Тetwork Fund.

What Is Elrond?

Elrond is a blockchain platform for creating a completely new level of secure applications (dApps) based on smart contracts.

The goal of Elrond is a limitless global digital economy in which all cryptocurrencies and blockchains are compatible.

The Elrond project is a specific blockchain platform that is already being called a worthy competitor for Ethereum, Algorand and Zilliqa. The project can be a fresh breath of air in the world of technology, which will solve the problem of scalability. Some even predict that it will create a high-quality precedent for the interaction of the blockchain and the real sector of the economy.

During the birth of the Internet, humanity received something more than just another useful technology. A tool has appeared on the planet that allows you to receive and transmit any information almost instantly. Subsequently, the development of the technology went really "leaps and bounds", which led to even more serious speeds and capabilities.

At the same time, the public Internet has lost the independence and lack of control that many dreamed of. In the hands of the structures controlled by the authorities, powerful tracking and control tools turned out to be in place. And precisely because of this, there was a need to implement a fundamentally new network layer. A layer that retained all the characteristics that many people value, and, at the same time, provided the necessary level of decentralization.

This is the goal that the Elrond project team has been working on since 2017. Their task is to create a new Internet infrastructure that will have:

  • the highest level of scalability;
  • a more serious indicator of information privacy;
  • the ability to resist censorship of internet applications and technologies;
  • the ability to launch radically different management models within the network.
  • It is for this purpose that we have launched a project that already supports several subspecies of languages for creating smart contracts.

The two main technologies on which the project is based:

  • Adaptive sharding
  • SPoS (Secure Proof of Stake)

Today, the Elrond price is $181.53. At the time of entering the market, its price was just over $ 17.

Buying Elrond

Elrond is quite common on various exchanges, because it is among the top 50 cryptocurrencies by market cap. If you are viewing Elrond news, you have heard a lot about the prospects of cryptocurrency and the opinions of experts about it. Therefore, you can easily find the ERD coin on such platforms as Binance, Coinbase, EXMO, Kraken, OKEx and others. However, it should be understood that to purchase cryptocurrency from a credit card, you must first purchase Bitcoin, which will later be exchanged for Elrond.

If you have any other cryptocurrency, then there will be no difficulty for you to get an EGLD. To buy crypto tokens for fiat money, you need to register and verify on the exchange. If you exchange one cryptocurrency for another, it is much more convenient, faster and safer to make a transaction through an anonymous exchanger.

For example, Godex, which provides the ability to convert without registering and entering any personal data. Everything is as anonymous and secure as possible, and with some of the lowest exchange fees.

Circulation of Elrond

At the Elrond price of $181.79, there are 17,402,217 EGLD coins in circulation. This is about 55% of the total supply that will be achieved in the future. A total of 31,415,926 Elrond tokens are expected to enter the market. However, this number will also decrease. 

Can You Mine Elrond?

Of course, the fact that not all Elrond crypto coins are currently available on the network already pushes for an answer about whether it is possible to mine EGLD. At the time of entering the market, the developers gave free access to only a small part of all the resources, leaving the rest for rewards, marketing, team, etc.

How can I get coins? EGLD cryptocurrency is not mined using traditional POW mining. You can get money either by participating in the maintenance of the network, or by using staking. Coin holders help the validator make the bid necessary to run a trusted node by entering their tokens into a smart contract.

Thus, they contribute to the achievement of the necessary threshold of economic security and receive a percentage of its income. To supply or delegate your Elrond tokens, you need to connect to the network via the MetaMask app.

F.A.Q.

How does Elrond work?

EGLD is based on a unique new adaptive segmentation architecture, which is very different from the previous ones and allows you to increase the scalability of the network as new nodes are added to it. The Elrond blockchain is fully compatible with EVM and Ewasm, and it can run smart contracts in computer languages:

  • Solidity;
  • C;
  • C++;
  • Rust.

The project is based on adaptive sharding. This is the name of the option to optimize the registry database by using horizontal partitioning. The blockchain is divided into fragments, which allows you to significantly speed up the process of processing information. The sharding model involves 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.

Elrond allows different blockchains to communicate with each other using an adapter on a virtual machine. However, for each chain that is incompatible with EVM, you need to create a separate gateway.

How Many Elrond Tokens Are There In Circulation?

Following Elrond news, only 55% of the coins are currently circulating on the market. That's quite a bit. For comparison: Bitcoin is mined by 89%, although each time the complexity of mining increases more and more. Elrond mining is not standard. After all, this is not a traditional mining scheme. Elrond can be earned by participating in various network support formats.

Once in the total number of coins will be no more than 31,415,926 tokens. And then this number will be exactly reduced after processing the transactions.

How Can You Convert Elrond?

To exchange any cryptocurrency for EGLD, you only need to use one of the list of popular crypto platforms for exchanges. For example, on Godex, you don't even have to create a personal account and enter your personal data – everything happens quickly and 100% anonymously.

You can exchange another tokens for Elrond or vice versa in a few simple steps, which won't take much time:

  • Step 1: Go to Godex.io.
  • Step 2: In the drop-down list on the left, select the "send" coin and the amount you want to exchange. And in the right "get" window, select EGLD.
  • Step 3: Enter the address of your wallet where the coins will be sent, and click the "exchange" button.
  • Step 4: Send the specified number of exchanged coins to the wallet address you received. You need to transfer the specified amount of coins there, which you exchange for EGLD tokens.
  • Step 5: After confirming the sending, the exchange process will begin. At the time of the transaction Godex.io freezes the currency exchange rate.

We recommend that you take a closer look at the coin and learn more about its prospects, because the Elrond price of $181 is definitely out of order.