About The Elrond Network (EGLD)
Elrond is a decentralized blockchain network founded by brothers Beniamin and Lucian Mincu, along with Lucian Todea, in 2017. As a shard-enabled blockchain, it seeks to enhance scalability and lower transaction fees amongst actively launched blockchains.
The underlying protocol in Elrond’s blockchain technology consists of smart contract programming. Developers seeking to build on Elrond can do so in the Rust, C and C++ languages.
Elrond’s native cryptocurrency, MultiversX (EGLD), is used for minimal transaction fees and as a reward for validators on its blockchain network. Network validator nodes actively secure the Elrond network, validate network transactions, and mint new EGLD. EGLD price is updated and available in real time on Binance.