elrond - Pwim.Net

Voyager Digital announces the listing of Elrond Gold token

Voyager digital has just announced that it will be listing the Elrond Gold token on its exchange. This is a big news story for those of us that have been excited for the release of Elrond onto the exchange market in recent months. Elrond has already shown itself to be a worthy entry into the world of cryptocurrencies with the recent successes the company has had, making it even more exciting as an investment option for crypto enthusiasts.

About Elrond

If you’re not already aware of Elrond, it is said to be a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet of money economy. Elrond’s native token, eGold, also known as EGLD, is used for paying network fees, staking, and rewarding validators. Some of the use cases for EGLD apply to fintech, DeFi, and the Internet of Things.

Elrond’s CEO, Benjamin Mincu, is a pioneer in thought leadership around the internet of money mindset and is a strong advocate of a transition from a traditional centralised finance framework to a decentralized one.

“The successful transition from traditional to decentralized finance will help our regulatory framework evolve in many positive ways. A publicly-traded company built to simplify onboarding to the crypto space is a powerful catalyst toward unlocking blockchain’s multi-trillion-dollar potential. We’re excited to work with Voyager towards compliant adoption at an internet-scale.”, said Elrond CEO and co-founder Beniamin Mincu.

About the Elrond Blockchain

The Elrond blockchain is an internet-scale blockchain, designed to enable a much faster blockchain transfer and throughput speed than conventional blockchain technologies.

The way the blockchain achieves this is through two key innovations, these innovations are:

A novel Adaptive State Sharding mechanism
Secure Proof of Stake (PoS) algorithm

This enables linear scalability that is extremely fast, secure, efficient and has a robust consensus mechanism.

The result of this is that Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency.

Furthermore, this all comes with a negligible cost to the transfer and users.

All in all, Elrond is attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

Elrond Statistics so far

So far, Elrond has had some quite substantial success, which is an important thing to consider for any investor. Namely, Elrond has already written over 1,4 million lines of code. The company has made 120 releases. Elrond has Bootstrapped the mainnet on a network of 2,169 validators from all over the world. The company has more than 90,000 active accounts, 1,3 million transactions have been processed, and The ecosystem includes 115 businesses and startups working on integrating and building on Elrond.

Elrond ecosystem valuation has grown from roughly $10 million to almost $500 million, and the Elrond community consists of approximately 190,000 people, spanning 18 languages and nearly 30 countries.

About Voyager Digital Ltd.

Voyager Digital is a crypto exchange, but it is different in several key ways. The first way is that it is a publicly listed company. This makes Voyager Digital substantially more secure than some of its rivals in the marketplace for smaller exchanges as it is held to the highest standards of reporting by its listing agent. This means that along with having excellent execution, the custody of your money, both fiat and crypto is much safer.

The exchange is headed up by a fantastic team of co-founders and executives from Wall St. and Silicon Valley. You’re probably wondering why this is important for you to know when it comes to your trading activity. Well with a team like this behind the exchange it means that you’re going to be getting the best experience possible. Think of it like going into a salon, if you have the best makeup artist you’re going to go out looking amazing, it’s the same thing for Voyager DIgital, you’re joining an exchange that has the most compelling team, so your experience is going to be top-notch.

Why you should be looking at Elrond

Elrond is a new digital currency that is positioning itself for rapid growth in 2021. The result of this growth could potentially mean that the value of the Elron Gold (EGLD) token should be worth substantially more than it is worth today if all goes according to plan in the Elrond offices.

It is safe to say that the technology behind the Elrond blockchain is revolutionary and can potentially change the way the finance industry operates forever. If Elrond can pull off what it is promising, expect to see it in use all around the globe by major players in a short period.

About Voyager Digital Ltd.

Voyager Digital is a crypto exchange but it is different in a number of key ways. The first way is that it is a publicly listed company. This makes Voyager Digital substantially more secure than some of its rivals in the marketplace for smaller exchanges as it is held to the highest standards of reporting by it’s listing agent. This means that along with having excellent execution the custody of your money, both fiat and crypto, is much safer.

The exchange is also headed up by an amazing team of co-founders and executives from Wall St. and Silicon Valley. You’re probably wondering why this is important for you to know when it comes to your trading activity. Well with a team like this behind the exchange it means that you’re going to be getting the best experience possible. Think of it like going into a salon, if you have the best makeup artist you’re going to go out looking amazing, it’s the same thing for Voyager DIgital, you’re joining an exchange that has the most compelling team so your experience is going to be top notch.

Why you should be looking at Elrond

It is safe to say that the technology behind the Elrond blockchain is revolutionary and can potentially change the way the finance industry operates forever. If Elrond can pull off what it is promising, expect to see it in use all around the globe by major players in a short period of time.

Image source: Voyager Digital

Maiar Wallet Makes Sending Money as Easy as Sending a Text

In a time where privacy and self-sovereignty appear a relic of a past age, a new system is emerging to re-establish the rights people cherish so dearly. While banks and remittance companies wring every cent out of their customers, they also exclude billions who are unable to access banking services. Solutions to this problem are mercifully now arriving, with the latest coming in the form of Maiar Wallet, a decentralized, non-custodial, low fee, multi-currency digital wallet built on Elrond to empower everyday users.

Considering that most blockchain-based applications require a relatively high amount of technical knowledge to use, adoption is low, with mainstream users deterred from participating. Maiar has been designed to solve this problem in several ways. For instance, it doesn’t require wallet users to have a private key, backup phase, username, or password; all that is needed is a phone number. Through Maiar’s digital identity layer that maps a wallet address directly to a phone number, the entire process is radically simplified for the end-user, resulting in a product that makes sending money anywhere as easy and fast as sending a text message.

Wallet Launch Is Only the Beginning

Powered by the Elrond blockchain, Maiar has already accumulated 37,000 unique wallet addresses and 148,000 transactions in the first 12 hours of its soft launch. The entirety of the growth was organic, showing that users who love the app appear eager to share it with their peers, friends, and family. Offering extremely low transaction fees (around $0.01) using the platform’s native cryptocurrency, EGLD, Maiar has already become the wallet of choice for many Elrond network users and many others interested in cheap, borderless, and instant transactions.

The wallet’s soft launch enabled the Maiar development team to identify small, last-minute bugs while improving bandwidth limitations and scaling speeds. By addressing these matters, which Elrond CEO and founder Beniamin Mincu states will take place in the immediate future, Maiar will be on track to implement 100x network scaling speeds moving forward.

On day one of its release, Maiar’s current adoption rate reached about one new account per second, an impressive feat. However, adoption needs to grow dramatically for Maiar to reach one billion users, a goal of the wallet team. To achieve this, Maiar will need to onboard ten accounts per second over the next 3+ years, pointing to a long road ahead. As more people understand the possibilities that Maiar allows compared to legacy financial systems, it may experience a cycle of hypergrowth.

Maiar Enables Anyone to Be Their Own Bank

Sending money instantly is one thing, but the Maiar wallet offers many features that make the transactional platform more akin to a traditional bank. Using the wallet, all you need is a smartphone to earn and stake your funds, providing a yield and passive income to anyone who downloads the app and deposits. For the billions who are unbanked but have access to internet services, Maiar offers a non-custodial, non-confiscatable alternative used to preserve wealth over time.

Some other digital wallets provide this feature, but by building on Elrond, Maiar can offer users the option to earn and stake on various currencies, not just the native platform’s cryptocurrency. The financial revolution is already underway, and applications like Maiar represent another blow to the elites as the masses begin to understand that they now have the tools and means to manage their wealth.

Elrond Gets the Greenlight from Romania Central Bank In-Principle for Acquiring Payments Firm Twispay

Elrond, a blockchain firm based in Romania, announced on Thursday that it acquired Twispay, a major Romanian payments company. The blockchain company’s move came after the National Bank of Romania gave it the green light to buy the electronic money institution (payment processing platform).

Twispay provides an international payment solution that supports multiple fiat currencies and integrates various payment methods. As a principal member of Visa and Mastercard, Twispay directly participates in issuing cards and is allowed to acquire merchants.

Twispay is licensed by the Central Bank of Romania to provide payment services and to issue electronic money, and can operate across the European Economic Area.

Apart from the approval, the Central Bank of Romania has also given Elrond a license for e-money. As per the European Union passport rules, the license would allow Elrond to operate e-money services across Norway, Liechtenstein, Iceland, and the EU.

Twispay’s acquisition is therefore set to give Elrond an edge to establish itself as a bridge between traditional finance and the cryptocurrency industry. The acquisition would also enable Elrond to provide an infrastructure for faster and cheaper payment solutions. The integration of Twispay on its platform is also set to enable Elrond to take advantage of new stablecoins, crypto-enabled debit cards, DeFi, NFTs and other Web3 technologies, which would enhance efficiency and trust for its existing financial system.

Beniamin Mincu, the CEO of Elrond, disclosed that stablecoins issuance is one of the key goals behind the new acquisition. The executive said: “We’ve been having focused conversations with the Romanian Central Bank about acquiring an e-money licensed institution that enables us to create stablecoins, for instance, in a legal and compliant way.,”

“The main goal is to leverage Twispay’s e-money license for issuing stablecoins that can be used in the EU, both for personal and business use for payments and value transfer, as well as potentially for official use at the institutional level.”

Making B2B Payments Faster

This is not the first time Elrond acquired a fintech company. In January, Elrond bought Utrust, a Portuguese cryptocurrency payment solutions provider, for an undisclosed sum.

Elrond acquired Utrust to enable it make payments fully natively digital by using blockchain to provide near-instant and secure global settlements at a minimal cost, accessible to merchants across the world. Elrond also made the acquisition in order to bring powerful DeFi (decentralized finance) mechanics into play to create a paradigm shift through Merchant Yield products.

The blockchain firm also purchased Utrust to enable it make payments cheaper, faster, and more secure by using Internet-scale blockchain technology and also to transform payment processing services from a cost for merchants into an income stream.

Co-founded in 2017 by brothers Beniamin Mincu and Lucian Mincu alongside Lucian Todea, Elrond is headquartered in Malta and has a development team in Sibiu, central Romania.

Opera to Integrate Elrond Protocol in Web3.0 Push

Popular web browser Opera has announced its plans to integrate the Elrond Protocol as it continues to explore new ways to stir its user’s embrace of Web3.0.

In an announcement shared by Elrond, the partnership will see more than 300 million users from the Opera platform gain easy access to the Elrond protocol. The Opera users will be able to buy Elrond’s native assets, including the EGLD token, as well as access more DApps and smart contracts hosted on the network.

“Elrond’s novel approach to consensus and sharding algorithms allows it to achieve remarkable performance while using the least amount of energy possible and without overly relying on high-end hardware,” said Beniamin Mincu, Elrond Network CEO, “We’re excited to be tapping into Opera’s vast userbase to offer them cheaper, faster transactions as well as access to Elrond’s burgeoning dApp ecosystem.”

Opera has always been very big on crypto innovations and currently runs a non-custodial wallet service that hosts mainstream protocols like Bitcoin (BTC) and Ethereum (ETH) among others. The Elrond integration will broaden the platform’s crypto engagement, further solidifying its reach as a browser with one of the most robust ecosystems for digital currencies.

“The seamless integration of Elrond further expands the wide array of crypto-centric services available to Opera Crypto Browser users. Such interoperability is becoming increasingly important for any project aiming to embrace Web3, and we are excited to have another blockchain partner join us on our mission to accelerate the evolution of the internet,” said Susie Batt, Crypto Ecosystem Lead at Opera.

Besides Opera, competitors, including Brave Browser and Mozilla Firefox, also have customized crypto engagements.