Exchange Elrond (EGLD)
If you're looking to swap Elrond, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Elrond or some fresh information about EGLD’s price movements. And, of course, we provide you with the multiple Elrond exchange options so that you can choose the offer with the best rates and lowest Elrond fees, as well as other parameters that suit you.
Elrond Price Stats
To help you make a decision about exchanging your Elrond, we gathered some cold hard numbers: Elrond price chart and other stats, such as Elrond market cap.
24H HIGH $46.4
EGLD MARKET CAP $1,123,813,122.468
CIRCULATING SUPPLY 24,679,963 EGLD
24H LOW $43.021394
EGLD PRICE $45.535446
24H VOLUME $13,112,006.895
Elrond Price Chart
Here you can see the current price of Elrond, as well as Elrond price history.
What is Elrond?
Elrond (eGold, EGLD) is a native utility token powering Elrond — a platform offering very fast transactions through the use of Adaptive State Sharding. It builds on the concepts introduced by some blockchain networks like Algorand, bringing innovative features into the mix. Elrond was founded in 2017.
Elrond’s purpose, as often is the case in the blockchain space, is to offer an optimal solution for the blockchain trilemma: providing scalability while keeping the network secure and decentralized. One of the more promising ways to achieve this is sharding, a technique first used in traditional databases. It entails splitting the database into interconnected pieces, or shards, which can be processed simultaneously, thus speeding up the work. Blockchain can utilize three types of sharding: network, transaction, and state sharding, all of which come with their challenges. Elrond uses all three types, which makes this network especially fast.
Another innovation pioneered by Elrond is the Secure Proof-of-Stake consensus mechanism (SPoS), which is an improvement on the original Proof-of-Stake. In SPoS, the block proposer node is selected randomly, making it unpredictable and therefore hard to tamper with. Also, validator nodes are chosen not only based on their stake but also taking into account their rating — a history of the node’s behavior.
Elrond coin — eGold — is used for staking, transaction fees, other payments like the smart contract fees, and is a primary medium of exchange on the platform. EGLD token holders will also be eligible to claim Elrond MEX — the token that will be distributed to the users of Maiar Exchange, a DEX that is a part of the Elrond ecosystem.
A Simple Way To Exchange Elrond Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 1600 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: firstname.lastname@example.org.