What is Elrond crypto (EGLD)?
Elrond – recently rebranded as MultiversX – is a blockchain network that aims to provide a solution to one of the biggest issues of decentralized networks: scalability. Find out more in this article from RR2 Capital.
Elrond’s approach for consensus is called Secure Proof of Stake (SPoS). It innovates in the manner in which validator nodes are selected for consensus out of a shard and also in the steps taken by the validators to complete the consensus process as efficiently as possible.