Elrond is a highly scalable blockchain network that uses Adaptive State Sharding technology and Secure Proof-of-Stake (SPoS) consensus algorithm. The Adaptive State Sharding combines 3 sharding methods to increase its performance; Network sharding, transaction sharding and state sharding. As of now, Elrond is capable of handing 15,000 transactions per second with only $0.001 fees.
EGLD is Elrond's native cryptocurrency, which used as staking, rewards and paying fees in the network. Developers who build on the network receives 30% of smart contract fees. Elrond aims to make EGLD as a store-of-value asset.
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