Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things.

The blockchain has a native token known as eGold or EGLD, that is used for paying network fees, staking, and rewarding validators.

Its main selling point is its high scalability, stating that it is the first blockchain network in which state, network and transaction sharding have all been implemented. According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset.

Elrond uses what it calls a secure proof-of-stake consensus algorithm in which nodes must stake their EGLD tokens to participate in the validation process, and each validator is assigned a rating score based on past activity, which also influences whether or not they are selected.

The current CoinMarketCap ranking is #42, with a live market cap of $1,224,723,443 USD. It has a circulating supply of 22,518,743 EGLD coins and a max. supply of 31,415,926 EGLD coins.

If you want to know where to buy Elrond at the current rate, the top cryptocurrency exchanges for trading in Elrond stock are Binance, OKX, Bybit, and Bitfinex.