EGLD coins are a new currency upgraded from ERD. They are exchanged at the ratio of 1000ERD:1EGLD, which means that the current EGLD coins are 1000 times the original ERD. As an SPoS public chain that can run smart contracts, Elrond aims to create a very secure, fully decentralized, and highly scalable blockchain infrastructure.
1. Log in to the Open Sesame official website. If you don’t have an account, you can create an account and enter the market page.
1. Log in to the Binance official website and click [Register with mobile phone number or email] to enter the registration page.
2. In Click on the mailbox on the left side of the registration page (QQ, NetEase 163, Sohu mailbox is recommended), enter your personal email address and password, and click to create a personal account
3. Go to the security verification pop-up window and complete the puzzle for security verification. Enter the digital verification code in the email verification and click submit
4. Log in to your Binance account, click on the market on the homepage, and enter the market page
5. Search for the currency in the search box on the right Abbreviated as EGLD
6. Click the transaction button on the right to enter the transaction page
7. Fill in the purchase quantity and click Buy. If it is selling, fill in the selling amount and click Sell That’s it.
Elrond is an SPoS public chain that can run smart contracts. The project vision is to create a secure, decentralized, and highly scalable blockchain infrastructure through adaptive state sharding The technology-integrated security proof-of-stake consensus mechanism SPoS solves the scalability problem at the bottom of the blockchain without affecting the security of the blockchain network.
EIrond combines the adaptive state sharding security proof-of-stake consensus algorithm and the EVM-compatible EIrond virtual machine to provide a blockchain underlying infrastructure solution with scalability, decentralization, security and interoperability.
EGLD is the native token of the Elrond network. It has multiple uses on the platform, including paying transaction fees, participating in network security and governance, etc. EGLD tokens are also used to incentivize validators to participate in network maintenance and promote the development of the entire ecosystem.
Elrond aims to support the development of the digital economy by providing high-performance blockchain infrastructure so that various decentralized applications and digital assets can be supported and developed. The platform provides easy-to-use tools and development kits for developers to build and deploy various types of DApps, from DeFi (decentralized finance) to NFTs (non-fungible tokens) and more.
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