Strong Cuppa Crypto: ELROND (ERD)

In a nutshell…

• no longer just the name for the Lord of Rivendell in the Lord of the Rings.
• hyper-fast transactions due to Adaptive State Sharding.
• secure Proof of Stake consensus and interoperability.
• privacy features via layer 2 solutions.
• mainly traded on Binance at time of writing.
• upcoming mainnet launch July 2020 ! (ERD token swap automated on Binance.)
• early price with large potential upside.
• passive income via staking rewards (delegation or node running).
• buy recommendation due to staking investment but price still prone to pull-backs before future surges.
• ‘ethereum killer?’ More like healthy competition and boost to crypto space via interoperability.

Research

Main Elrond website and Whitepaper
Twitter updates
Medium blog
Price on Coinmarketcap (current price = $0.015926)

[Added to Ade’s Press Long-HODL Portfolio.]

Disclaimer: Not professional financial advice. You invest at your own risk. Always do your own research and be aware of early, untested status of young blockchain networks and market.

Originally published at https://adespress.blog on July 16, 2020.