Best Crypto currency To Invest In 2022

What is Elrond?

Elrond is a software that seeks to incentivize a distributed network of computers to run a smart contract platform that aims to prioritize scalability and low transaction fees.

In this way, Elrond is designed to compete against major blockchains , such as Ethereum and Zilliqa, aiming to grow an ecosystem of decentralized applications and cryptocurrencies.

Let’s ] start, so bitcoin is considered digital gold but have you ever heard about Egold? because I’ve never heard about any precious metal that has no use cases other than that of storing value. What do you believe would be the power of such a store of

Value it’s decentralized which means no middleman for example in the current financial system like banks, the whole network is run by everyone who owns its tokens and it’s fully transparent that network is elrond, powered by their token e-gold with a very scarce supply compared to all coins on the market of just 31 million coins. Well bitcoin is just a store of value, the gas fees makes it

Impossible to pay with it you’d pay extra 100 just for getting a cup of coffee on the bitcoin blockchain and it would take you one or two days just to get the transaction done the whole point of this article is not blaming anyone or anything, bitcoin will probably be around for the next decade or more who knows the thing I'm trying to explain here is the blockchain technology itself, which

Is the big deal in crypto. I’m just looking for a safe place to deposit my money earned rewards as I keep my money safe and hopefully leave off those rewards so I won’t have to sell my portfolio and probably lose tens of thousands of dollars in a few years. this whole ideology is actually possible right now with Defi aka decentralized finance. exactly what i was talking about with Elrond, they have this

System already implemented and it’s by far the best one by all technological means, you see, when i look at crypto projects i don’t just look at 10 days charts and give opinions left and right you care more about what the project brings, the team background and the technology itself out of all crypto projects, Elrond eagle is the most promising and the one who delivered the most since their

Launch. Today we’re talking about this because it’s very very important and it’s going to scale this whole thing way above what we’re thinking right now. so basically this is their era, this is the era of autonomous banking. So this is how it happens and it’s all powered by Elrond network so everything you see in this circle will be powered by Elrond as we

Talked about , they actually have the fastest way to do this and the best possible way to implement everything so they have Usdt stable coins. stable coins are tokens whose value is pegged to a fiat currency such as usd or other assets so every state will be able to create fiat currency that’s digitized they are the simplest

And the most effective first step for integrating blockchain utility in the traditional financial system Elrond's NFT standard, I've talked about. Just imagine a whole world where games, arts, music, sport moments and everything can be

Captured and then sold as an NFT. Again being run on the Elrond network, so everything that you see around will be actually a part of Elrond network, you can think about like these networks like you can think about of a network of this power sort of like i don’t know the internet 2.0 because if you look at everything they’re doing they’re basically doing what every single coin on this

Market does but combined like everything that you see in this market every single coin you see in this market, everyone is basically doing everything these coins do i still haven’t found something that there is a coin that everyone is not capable of doing or doing it a whole bunch better so let’s read this very quick because a lot of you are asking how is Elrond

Different like as i told you the Elrond network is the first to present a viable solution where all the three aspects of shading state network and transactions have been implemented at once so when you see all of those crypto currencies on the market just think about the fact that they’re trying to achieve all of these but Elrond's already done everything. They’re just

Getting ready to launch combined with its adaptive component this novel architecture allows for dynamic network configurations and maintenance a high level of security while scaling with demand basically if you did not understand what this is this is like why Elrond is actually working and how is Elrond being powered as i said, Elrond network is powered by

Us, the people who hold e-gold which is why it’s decentralized in addition to scaling through shading everyone also approaches the consensus problem with a mechanism called a secure proof of stake which mitigates potential attack vectors when compared to proof of work which is how bitcoin works at the moment which is how Ethereum works at the moment and is trying to become

Decentralized just as Elrond is right now, while also enabling large large throughput and fast execution because none of these other block chains can compare with e-golds with Elrond's transaction speed you can see 15 000 transactions per second six second latency by solving some of the hardest consensus and shading problems in the blockchain space as i said.

Elrond is able to provide a very high level of performance on a network made for inexpensive computers resulting in a very low cost per transaction which is very important. I told you you can buy one coffee with bitcoin but you’re gonna or with Ethereum and you’re gonna pay extra 100 just for making that purchase and it’s gonna take you like two days it’s not it’s not sustainable, it’s not

Going to work like this forever in addition to a performance boost. Elrond also stands out through the quality of the developer experience and resulting boost in usability on the end user side and you can see right here these are the most important achievements of there, you can see what happened into the quarter four 2020 did, everything like smart contracts they created the USDT

Token staking direct and delegation in quarter one 2021 maiar will open d5 and staking on the app pretty soon expect that decentralized exchange defi 2.0 module and named service. This is it guys thank you very much for reading, there’s plenty of content on Elrond and eagle to be done tomorrow is another day we’re gonna learn something new don’t worry there’s like they’re doing so many

Things so many great things and i believe they need recognition for it like i believe they’re so undervalued for what they’re bringing and what they’re promising, if this year we’re going to be seeing a card a physical card that’s going to be huge and when fight is going to launch, there’s going to be a whole bunch of people in being incentivized to just

Contribute to the network like it won’t make sense to not contribute like you’re getting rewards just because you’re contributing to the network like it’s it’s such a good system you need to understand what’s going on there’s many articles on their website i encourage you to read them all if you can if you want I'm gonna be keeping on delivering updates .