Klever Swap Adds EGLD (BEP20)
We have added 9 direct swap trading pairs for the scaling blockchain technology ecosystem for the new internet.
To support our Klever community, we’ve activated 9 Direct Trading Pairs in your Klever Wallet:
EGLD (BEP20)/USDT (ERC20)
EGLD (BEP20)/USDT (TRC20)
EGLD (BEP20)/BUSD (BEP20)
What is Elrond (EGLD)?
By using sharding, Elrond is a blockchain protocol that offers extremely fast transaction speeds. In a nutshell, this project describes itself as a new internet technology ecosystem. Its smart contracts execution platform is said to be capable of 15000 transactions per second, six seconds of latency, and a cost of $0.001.
EGLD is an eGold token, used by the blockchain for paying network fees, stakes and remunerating validators.
What Makes EGLD Unique?
According to Elrond, it is a blockchain platform for enterprise use, decentralized applications, and the new internet economy. This Blockchain network is widely advertised for its scalability, as it is the first to implement state, network, and transaction sharding. According to its economics paper, it hopes to build up its ecosystem and establish EGLD as a store of value.
To achieve this goal, the network runs on 2169 validator nodes split into four shards: three execution shards, capable of 5400 transactions per second each, and one coordination shard, the "Metachain." Elrond's adaptive state sharding architecture completely shards state, transactions and network. Scaling is achieved by adding additional shards when throughput demands exceed the system's capacity. The system was tested to run 263000 TPS with 1500 nodes from 29 countries arranged in 50 shards in a public environment.
Additionally, the project provides royalties to developers building on the platform, allowing them to earn 30% of the smart contract fees.
It keeps a supply of EGLD tokens to stake on the network during its first year, paying 36% per year to validators.
Klever Swap is a core service of the Klever app that makes it simpler, faster and more convenient for our users to exchange cryptocurrencies at the click of a button. By monitoring live price action on top-tier exchanges, our native Swap engine creates a price index that is used by the Swap.
The swap itself is conducted by fully autonomous bots, built and maintained in-house by Klever’s developers team. These bots continuously seek the best exchange rate and prices among the top exchanges, and then execute the Swap with high precision, security and speed. The Klever Swap project is part of Klever Exchange.
By Warren Manuel