Binance Announces Support to Elrond Network Upgrade
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- Elrond is a sharding-based blockchain system that provides speedy transaction times.
- Elrond is up 12.00% in the last 24 hours.
There has been a lot of interest in the Elrond blockchain network recently, which has pushed the price of its EGLD token to new heights. The price has surged by 12%. Elrond is a sharding-based blockchain system that provides speedy transaction times. With a latency of six seconds and a transaction cost of only $0.001, their smart contracts execution infrastructure is said to handle 15,000 transactions per second.
Recent Multiple Developments
Elrond, a Maltese company, was engaged in many endeavors and announced a lot of changes to its network during the last year. It became the first carbon-negative blockchain business in Europe in August when it collaborated with Offsetra, a company aiming to reduce CO2 emissions.
When Elrond and Panther Protocol announced their partnership back in October of this year, the goal was to create a scalable, private infrastructure for the Internet of Blockchains. Interoperable privacy and selective disclosure methods were the primary goals of the partnership.
Blockchain firm Capital Financial Services S.A., a Romanian electronic money institution focusing on providing electronic money and payment solutions, was a fundamental interest for purchase.
According to a recent announcement, Elrond’s (EGLD) network upgrade will be supported by Binance. The network upgrade will be completed at around 14:55 on March 4, 2022 (UTC). EGLD deposits and withdrawals will be halted roughly at 13:55 UTC on March 4, 2022. (UTC). According to CoinMarketCap, the Elrond price today is $151.71 USD with a 24-hour trading volume of $273,138,881 USD. Elrond is up 12.00% in the last 24 hours.
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