Elrond token has joined the family of the over 160 cryptocurrencies available for exchange and purchase on Changelly. Users can now buy EGLD with fiat or exchange it for other digital assets at fixed or floating rates.
Elrond is the first network to present a viable solution where all three aspects of sharding – state, network and transactions – are implemented at once. Combined with its “Adaptive” component, this novel architecture allows for dynamic network configuration to maintain a high level of security while scaling with demand.
EGLD is Elrond network’s native token. It acts as a medium of exchange between the users and developers who pay to use the network and the validators who are paid for the services they provide. Launched in 2018, Elrond network is on track to deliver the most scalable, fast, and secure blockchain platform for real world applications, promising to bring a 1000x improvement compared to other blockchains such as Bitcoin or Ethereum.
Changelly CEO Eric Benz gave a warm welcome to Elrond token:
We are happy to work together with Elrond, this is an amazing opportunity for both companies to grow and expand.
Elrond CEO Beniamin Mincu commented on this listing:
eGold’s unique ecosystem is ready for more adoption. Thanks to our collaboration with Changelly, we will be able to facilitate easier access to eGold and increased outreach, while enabling additional flexibility to all existing community members. We are happy to work with them.
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond 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. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Changellyprovides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 160+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on-the-go via Changelly mobile app.
In 2020, Changelly has branched out to accommodate the needs of traders. PRO has been built as a platform focused around the needs of the customer, effectively enabling retail buying and selling of digital tokens and coins. Piggy-backing the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.