Cryptocurrency: EGLD, which stands for Electronic Gold, is the native token of the MultiversX (formerly Elrond) blockchain platform.
Purpose: EGLD is primarily used for securing the network through staking, paying for network transaction fees, executing smart contracts, and participating in the platform's governance.
Technology: MultiversX utilizes an innovative architecture called Adaptive State Sharding and a Secure Proof of Stake (SPoS) consensus mechanism to achieve high transaction speeds and scalability. The platform aims to process over 15,000 transactions per second with low fees and fast finality.
Trading Platform: The chart is displayed within the Binance app, one of the major cryptocurrency exchanges where
$EGLD can be bought and traded against fiat currencies and other cryptocurrencies.
#EGLD $EGLD