Elrond
What is Elrond?
Elrond is a blockchain platform that aims to provide fast and secure transactions at scale. Launched in 2019, Elrond features its proprietary Adaptive State Sharding and Secure Proof of Stake (SPoS) consensus mechanism, enabling high throughput and low latency for decentralized applications (DApps) and enterprise solutions.
Key Features
- Adaptive State Sharding
- Secure Proof of Stake (SPoS)
- Fast Transactions and Scalability
- Decentralized Applications (DApps)
- Interoperability and Cross-Chain
Use Cases
Elrond is used for building and deploying DApps with high throughput, enabling fast and efficient token transfers, implementing decentralized finance (DeFi) applications, supporting digital identities, and exploring use cases that require secure and scalable blockchain solutions.