What is Elrond $ERD and why is it up 3,270% in a month?
Wow!!! Someone is making lots of money making coins out of thin air. This is little coin jumped up 3,270% in price. Elrond describes itself as a new blockchain architecture, designed to bring a 1000-fold cumulative improvement in throughput and execution speed. Basically its just a bunch of buzz words and the coin probably does nothing except being a digit on a screen. Right now the website is a typical crypto site with a bunch of smiling faces ready to take your Ether an run. Lots of promises of Internet 2.
"Developers, validators and businesses use Elrond to build a new internet economy
We give anyone, anywhere easy access to the digital economy, by bringing a 1000x improvement in blockchain speed, scale, cost and user experience." - Elrond Website
Their main net is coming soon and the rush is on. Currently its top 20 coins on Binance by volume.
Congratulations to the creators of this coin you are printing money out of thin air!
CEO - Beniamin Mincu
Tech Visionary & Early Blockchain Pioneer in Europe. Previously Product & Business at Nem Core in 2014, Founder & CEO MetaChain Capital.
Tech Entrepreneur. Founder & CEO Soft32, 10M users/month, Partner mobilPay, Angel investor in Typing DNA & Smart Bill.
Self-taught Tech Whiz Kid. Previously Engineer at Uhrenwerk 24, Cetto, and Liebl Systems. Co-founder & CTO MetaChain Capital.