What is Elrond (EGLD)
Elrond is a blockchain protocol that offers quick transaction speeds thanks to its use of sharding.
The platform seeks to create a new internet where distributed networks allow for more intelligent data on the ‘internet of things’ and apps for decentralized finance. This new project is already capable of handling 15,000 transactions per second, which can be used in combination with smart contracts.
The blockchain has an internal token named eGold, or EGLD, which is used to pay network fees & reward validators.
The project’s key technological aspects include state sharding, consistent security, and even its own virtual machine. All of these components allow us to build valuable technology that rivals the best out there.
Where to buy Elrond (EGLD) in the UK
- Sign up to an exchange which trades Elrond
- Fund it with cryptocurrency
- Trade your crypto for Elrond
Sign up to an Exchange
We recommend Binance? This for a number of reasons.
We recommend Binance because they are the most popular cryptocurrency exchange in the industry, they offer both crypto-to-crypto trading and fiat to crypto trading, and their website is user friendly.
Binance is a reputable crypto exchange. This is not surprising considering how it has been around since 2013. Binance offers both crypto to crypto trading and fiat to crypto trading. It also has a user friendly website that is easy to navigate.
Binance is a cryptocurrency exchange, with its headquarters in Beijing. It was founded by Changpeng Zhao on July 2nd, 2017. Some of the features of this exchange include low trading fees and a high level of security.
We recommend Binance because it has a low trading fee and a high level of security. Its new user sign-up bonus is also quite generous.
We recommend Binance to our readers for a number of reasons. One is that the service offers a huge selection of coins and tokens. That’s why it ranks #1 on this list.
You can also buy Bitcoin or Ethereum with your credit card from Binance without having to leave your wallet app open on the web or download any other apps.
Binance offers an amazing selection of coins and tokens at low costs for deposits, withdrawals, and transactions.
Fund your Binance account
Now you need to transfer BTC in order to trade Elrond (EGLD) with it.
It’s really easy to buy BTC with your debit card on binance.
You can transfer your funds from your bank account or use our other options to make the process easier for you.
You can also setup recurring orders! which is another great option for Binance which other platforms don’t offer. In order to make it easier for customers to set up recurring orders on Binance, the company released an official guideline which makes it clear.
Trade your BTC for Elrond (EGLD)
We now need to get into our trading section of the guide.
To do this follow the above picture and click on Classic!
Now we have to find the correct pair BTC/ Elrond (EGLD)
Now type Elrond (EGLD) in the top corner like i did.
If you are new to the market, the stock market can be a confusing place. Let’s break down some of the most basic terms you need to know in order to get started.
– Market order: this order type is executed immediately. This means that your trade will execute as soon as possible and the price of the trade will not change.
– Limit order: this order type is put in place so that your trade executes for a specific price and does not execute until it reaches that specified price.
Is EGLD a good investment?
It has a fast confirmation time (~10sec) and a fixed low price. In terms of the number of nodes, it’s only surpassed by Ethereum, but most importantly it’s fully decentralized which means that there is no central point of failure.
This network can process 50,000 transactions per second and is scalable to higher levels of transactions. This results in the use of only 1/6 millionth the energy of a bitcoin transaction. The network actually has a net negative carbon dioxide output because their company has made significant investments into environmental initiatives.
Supports a lot of different development options, and has a lot of meaningful collaborations with other platforms and big companies.
Creating and minting non-fungible tokens (“NFTs”) is already incredibly easy and cheap. Our project, the Maiar Exchange (Maiar Exchange – Maiar.Network), will provide not only a decentralized crypto-asset market, but also a user-friendly app which lets you trade on the blockchain easily and securely (Maiar App).
As far as security goes it’s a good choice as no hacks have been reported yet
Not only are the team at this company ultra-reliable, but they also have an immense amount of dedication to serving clients.
They have a huge amount of partnerships as you can see below, which is a huge positive reason to invest with them.
Elrond’s eGLD: Could this coin be the answer to concerns about the rapidly increasing use of fossil fuels for Bitcoin Mining and transactions?
The annualized energy consumption estimate of the Elrond Network is 0.0026 TWh (1:57,500 of Bitcoin’s estimated energy consumption which is 149.63 TWh)
In one of their tweets from November last year, Beniamin Mincu, CEO and co-founder of the Elrond Network, stated that one of their overarching goals is to create a backbone for a high bandwidth & low latency financial system that has decentralization as its key principle and which would likely allow any participant to fully enjoy the benefits of it
Elrond is an enterprise-grade network that can be scaled up quickly to meet your needs, making it faster & more secure. Using the native token Elrond (EGLD) you can create decentralized apps that are not just for business but also for personal use.
The Elrond blockchain is up to 1,000 times faster than many competing blockchains. Furthermore, the scope for scalability is unprecedented. So what do you think about features such as governance, staking and smart contracts?
The project was launched in 2018 and has seen a lot of development since then – including smart contracts with 30% gas as royalties, smart accounts, and tokens that are embedded in the protocol.
Will Elrond (EGLD) Price Go Up?
The EGLD coin has been in a bullish trend for the past months. It’s approaching its highest level on record, which might hint it will soon go on a slight correction In the short term, the charts are showing a strong upward momentum. These include the Parabolic SAR and Ichimoku cloud, which it managed to get above. It is also closer to its 50-day average while key oscillators like MACD and RSI have been increasing steadily.
How can you stake Elrond (EGLD)
They have a really great pool for staking called Maiar. You will be getting 13.4% APR and you get paid out every day!
what is Maiar in Elrond crypto?
Maiar is a new mobile app that helps people improve and interact with their finances better. It enables users to send money anywhere in the world at high speeds. The average transaction time is 6 seconds, and the standard fees are 0.00005 eGLD for every transfer! It also allows users to stake their eGLD tokens in order to earn rewards while incentivizing them to participate in the network. We’re also going to release a decentralized exchange on our platform, allowing for trading of various tokens such as NFTs and SFTs. We’re aiming for a June launch date, with the final product to be implemented into Maiar after. The Elrond blockchain is currently able to process 15000 transactions per second without any issues. It would be able to handle more if there was need for it.