Elrond is a blockchain platform that is highly scalable, cost-effective, fast, and secure. This high scalability is achieved by a technology called ‘Adaptive State Sharding’, in which multiple sharding types are combined to drastically increase performance and efficiency. Security is granted by a Proof-of-Stake (PoS) consensus algorithm, an energy-efficient solution compared to the relatively environmentally-unfriendly Proof of Work (PoW) alternative. EGLD is the native token of the Elrond network.
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