Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Elrond eGold, and is trustworthy!
You can find our top 3 exchanges for buying Elrond eGold here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Elrond eGold
And of course, the final step is to find Elrond eGold on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Elrond eGold (EGLD)
|Exchange||Rating||Available Cryptocurrencies||Fees||Visit Site|
How to Sell Elrond eGold
- Sign into the exchange
- Find where you stored your Elrond eGold, either on a hardware wallet or on the exchange.
- Transfer your Elrond eGold to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Elrond eGold.
Considerations when looking to buy Elrond eGold.
Elrond, a blockchain protocol, aims to provide extremely fast transaction speeds through sharding. The project is described as a technology ecosystem that will enable the internet to become a new one. It includes fintech, decentralized financing, and the Internet of Things. The smart contracts execution platform can execute 15,000 transactions per minute, with a six-second latency of 0.001 and a transaction cost of $0.001.
Blockchain has an native token called eGold or EGLD that can be used to pay network fees, staking, and reward validators.
Elrond's first announcement was made in August 2019. Its mainnet went online in July 2020.
Elrond is a blockchain platform that supports the new internet economy, decentralized applications, and enterprise use. Its primary selling point is its high scale, which it claims is due to the fact that it is the first network of blockchains in which state and network as well as transaction sharding are all implemented. Its economic paper states that it aims to create an ecosystem and make EGLD a store-of value asset.
The network is run on 2,169 validator nosdes, divided into four shards. Three execution shards are capable of processing 5,400 transactions per second, each, and one coordination, the "Metachain." Elrond's adaptive sharding architecture completely severs state, transactions, and network. When the throughput demand is not met, it can scale by adding another shard. It can run 263,000 TPS when there are 1,500 nodes in public environments. The nodes come from 29 countries and are grouped into 50 shards.
The project supports developers who build on the platform to increase adoption. They can earn 30% of smart contract fees as royalties.
During its first year, the company has a supply EGLD tokens that can be staked on the network. Validator nodes receive a 36% annual percentage.