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.

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Coin’s Details

  • Market Capitalization

    $1.23 B

  • Fully diluted valuation

    $0.0

  • Volume 24H

    $34.65 M

  • Circulating supply

    22 612 130

  • Total supply

    23 942 130

  • Circ. percent

    94.4%

  • All-time high

    $546 (-90.0%)

  • All-time high date

    Nov 23rd, 2021

  • All-time low

    $6.51 (735%)

  • All-time low date

    Oct 7th, 2020

  • First announced