What is Elrond (ERD)?

Elrond is a technology ecosystem for the new internet. Its smart contracts execution platform is capable of 15,000 TPS, 5s latency and $0.001 tx cost, focused on fintech, DeFi and IoT. Elrond’s money & DeFi app Maiar offers an intuitive first-time experience with blockchain, offering progressive security and a gamified approach to unlocking more useful features. The Elrond Proof of Stake economic model has a limited supply; its token is named eGold to convey the notion of digital store of value to the next billion users.