1H
0.44%$0.0340
24H
-0.02%$0.0016
7D
-3.52%$0.2828
30D
-20.8%$2.04
Elrond describes itself as a new blockchain architecture, designed to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two features: Adaptive State Sharding mechanism, and a Proof of Stake (PoS) algorithm, enabling linear scalability with a reportedly fast, efficient, and secure consensus mechanism. Thus, Elrond can reportedly process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost. It aims to become the backbone of a permissionless, borderless, globally accessible internet economy.
The idea behind GameFi (GAFI) came from the intersection between two fast-growing industries: gaming and DeFi. We have included all that you need to know about GameFi in this guide.
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