The cryptocurrency space is booming, with a lot of blockchains coming up every now and then. The Elrond blockchain is one of the new ecosystems making waves. This article focuses on what the Elrond blockchain is all about and how one can start earning with Elrond airdrops.
About Elrond Blockchain
Elrond was first revealed in August of 2019, and its mainnet went live in July of the following year. The eGold, or EGLD, is the native token on the blockchain and is utilized for network fees, staking, and rewarding validators. Elrond is a blockchain protocol that uses sharding to provide incredibly fast transaction rates.
Fintech, decentralized banking and the Internet of things are all part of the project’s description as a technology ecosystem for the future internet. Its smart contracts execution platform, according to reports, can handle 15,000 transactions per second with a six-second latency and a transaction cost of $0.001. That is cheap, right?
What Makes Elrond Unique?
Elrond is a blockchain platform for the new internet economy, decentralized applications, and enterprise use, according to its website. Its key selling point is its tremendous scalability, as it claims to be the first blockchain network to include state, network, and transaction sharding. It aims to develop its ecosystem and establish EGLD as a store-of-value asset, according to its whitepaper.
The network is divided into four shards to achieve this goal: three execution shards, each capable of 5,400 transactions per second, and one coordinating shard, the “Metachain.” Elrond’s adaptive state sharding architecture shards state, transactions, and the network in its entirety. When the throughput demand is not met, it can scale by adding another shard.
It was tested in a public environment with 1,500 nodes from 29 countries divided into 50 shards to achieve 263,000 TPS. To encourage adoption, the project offers developers the opportunity to earn 30% of smart contract fees as royalties if they build on the platform.
During the first year, the corporation keeps a supply of EGLD tokens to stake on the network, with validator nodes getting a 36 percent annual percentage rate.
About Maiar Wallet
Maiar is a digital wallet and global payments software that is redefining how we interact with money by allowing you to exchange and securely store cryptocurrency on your smartphone. Maiar is for everyone, no matter where they are.
Creating a wallet in Maiar takes only a few seconds. There is no username, password, or recovery phrase to save. Simply enter your phone number. Maiar has a feature called herotags. Herotags are special usernames powered by the Elrond blockchain through a DNS service deployed on Elrond Network.
Maiar’s digital identity layer begins with a service that maps a phone number to a wallet address while maintaining anonymity and enables users to send money to friends and family via their address book.
It’s as simple as sending a text message to send eGold and crypto. Send crypto directly from your phone to anyone, instantly and with minimal fees. No additional costs are charged by banks or intermediaries. This is how you reclaim your value and time to do the things that matter most to you.
Maiar wallet supports the following crypto assets:
– eGold (EGLD)
– Binance Coin (BNB)
– Ethereum (ETH)
– Bitcoin (BTC)
Read Also: How to partake in PAW coin airdrop.
How To Partake In Elrond Airdrops
To start participating in Elrond airdrops is easy. Just visit Elrondwiki and you will be given a list of ongoing Elrond airdrops and the ones that have ended. It’s true that a lot of Elrond airdrops are on Twitter, but most are not verified and Elrondwiki provides the safest means to get Elrond airdrops.
Most of the Elrond airdrops will require you to like, retweet, and tag friends on their Twitter posts and drop your Elrond wallet address to be eligible to receive the tokens.
The Elrond blockchain is new and promising, with lots of investors trooping in. Taking advantage of the ecosystem’s airdrops is one way of playing-wise and staying safe. You can never tell how the tokens that airdrops provide will perform tomorrow. Be hopeful and take advantage of the opportunity this provides. Enjoy.