We believe blockchain technology will significantly improve the lives of billions of people around the world, and will likely be the most important GDP multiplier since the internet. This generational opportunity will unlock a multi-trillion-dollar potential for the global economy.
This vision belongs to Elrond CEO Beniamin Mincu, and we share it enthusiastically. This is why we are excited to announce that Elrond’s native token eGold is now available for purchasing on our platform! Read to find out more.
eGold is powering the internet-scale blockchain
Elrond implements a completely new blockchain architecture, that is designed from scratch to be 1000x times more efficient than current implementations in terms of scalability and cost.
By employing Adaptive State Sharding technology and the Secure Proof of Stake consensus mechanism, the Elrond blockchain is currently capable of delivering 15 000 transactions per second with a 6 seconds latency and at a cost of $0.001 per transaction, and can scale to more than 100 000 transactions per second.
Their mobile application Maiar will be launched globally on the 31st of January and will enable anyone with a phone and an internet connection to onboard the cryptocurrency space by automatically generating a working wallet in a secure manner, based on the user’s phone number (similar to how WhatsApp uses numbers instead of nicknames). Ramp will be there, so stay tuned for more news soon!
The underlying token powering the Elrond blockchain ecosystem is eGold. Aptly named to immediately convey the notion of value to the next billion, eGold’s economics feature a fixed supply that is further diminished by transaction fees. Its scarcity scales with adoption.
Time to Ramp!
We are extremely proud to announce the start of an official partnership between Elrond and Ramp. The mission of Ramp was always to provide an easy, convenient and secure way for anyone to get a hold of crypto. Thanks to the partnership, this will now encompass eGold as well.
Ramp is a solution integrated into many different wallets and services, you can also use it directly on our public instance at ramp.network/buy/?swapAsset=egld. Getting a hold of eGold (or any other supported crypto) is as easy as picking your local fiat currency (USD, EUR, GBP or other) and providing your eGold wallet address.
You don't need separate accounts and verification, like with traditional crypto exchanges. The whole process, depending on your country and bank/card issuer, may take less than a few minutes in a single, anonymous browser window.
You can try the integration over here.
Stay tuned for more news about Elrond and, as usual: