👉 Start investing in EGLD today
Elrond, rebranded as MultiversX, tackles blockchain scalability by achieving 260,000 transactions per second (TPS)—far surpassing Bitcoin (7 TPS) and Ethereum (15 TPS). This efficiency reduces transaction fees and congestion, making it ideal for seamless crypto transactions.
Key Features of MultiversX (Elrond):
- Scalability: 5x faster than Visa.
- Low Fees: Transactions cost less than $0.01.
- Smart Contracts: Supports decentralized applications (dApps).
How to Buy MultiversX (EGLD)
Follow these steps to purchase EGLD:
1. Open an Online Account
Choose a crypto exchange like Coinbase, Binance, or Kraken. Complete identity verification (name, address, SSN).
2. Fund Your Account
Deposit via bank transfer, credit/debit card, or crypto. Note any transaction fees.
3. Buy EGLD
Trade USD or Bitcoin for EGLD. Navigate to the trading pair (e.g., EGLD/USD) and place your order.
What Is Elrond?
Elrond is a smart-contract blockchain using sharding to enhance speed. Its native token, eGold (EGLD), powers transactions, governance, and staking.
eGold (EGLD) Uses:
- Transactions: Pay for network fees.
- Governance: Vote on platform upgrades.
- Staking: Earn rewards by securing the network.
Brief History of Elrond
Founded in 2017 by Beniamin Mincu and team, Elrond rebranded to MultiversX in 2022, focusing on metaverse and digital assets. EGLD’s price surged from $0.65 to $27.55, with a $753M market cap.
Where to Buy EGLD
Top platforms for purchasing EGLD:
| Exchange | Best For |
|-------------------|-------------------|
| Coinbase | Beginners |
| Binance | Active traders |
| Kraken | Security-focused |
👉 Compare exchanges for EGLD trading
How to Store EGLD Safely
- Hardware Wallet: Ledger Nano X (supports EGLD).
- Software Wallet: Official Elrond Wallet for staking.
FAQ
1. Is Elrond a good investment?
Elrond’s scalability and low fees make it promising, but adoption depends on developer growth.
2. Can I stake EGLD?
Yes! Stake EGLD to earn annual interest (rates vary by platform).
3. What’s the difference between Elrond and Ethereum?
Elrond processes 260,000 TPS vs. Ethereum’s 15 TPS, with lower fees.
4. Where can I trade EGLD?
Major exchanges like Binance, Coinbase, and Kraken support EGLD.
5. How do I convert EGLD to cash?
Sell EGLD on an exchange and withdraw to your bank account.
Ready to invest? 👉 Buy EGLD securely here.