The leading digital asset and cryptocurrency platform MEXC Global announces a strategic partnership with Elrond Network, the internet-scale blockchain.
Elrond is a distributed transactional computation protocol which relies on a sharded state architecture and a secure Proof of Stake consensus mechanism. While most other blockchain networks require expensive hardware and high energy consumption, Elrond uses the efficient Secure PoS consensus and is Carbon-Negative certified because it offsets more CO2 than the network is accountable for.
By employing Adaptive State Sharding, a method of parallelizing data & transactions processing, Elrond’s performance can scale with demand by adding more shards, reaching more than 100,000 transactions per second while growing increasingly decentralized.
As a scalable and high-performance blockchain, Elrond helps innovators to optimize costs, add security & transparency, or discover new business models. The network is attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
The native token of the Elrond Network ($EGLD) used for paying transactions, running smart contracts and securing the network through staking, will be listed on MEXC Global.
“The strategic collaboration with MEXC is a massive step forward in our continued efforts to bridge the Elrond Network to new markets and funding opportunities, further accelerating projects building with internet-scale technology on their paths towards massive adoption.” said Beniamin Mincu, Elrond Network CEO.
“Elrond is a team of talents and focused on building up the PoS consensus mechanism,” said Katherine Deng, VP at MEXC Global. “With the ecosystem’s quick expansion, we look forward to working closely with Elrond to support and promote more developers and projects as they grow.”
The partnership between Elrond and MEXC Global will focus on identifying exceptional projects on Elrond and supporting them with guidance, funding and access to new markets. With more than 7 million users around the world, MEXC Global will not only provide $ELGD with added liquidity, but also be a strong contributor to help the Elrond ecosystem to build a more robust internet economy in the coming future.
About MEXC Global
Established in April 2018, MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services including spot, margin, leveraged ETFs, derivatives trading and staking services. The core members of the team come from international enterprises and financial companies and have experience in blockchain and financial industries.
Elrond is a new blockchain architecture, designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.