In a nutshell:

• no longer just the name for the Lord of Rivendell in the Lord of the Rings.
• hyper-fast transactions due to Adaptive State Sharding.
• secure Proof of Stake consensus and interoperability.
• privacy features via layer 2 solutions.
• mainly traded on Binance at time of writing.
• upcoming mainnet launch July 2020 ! (ERD token swap automated on Binance.)
• early price with large potential upside.
• passive income via staking rewards (delegation or node running).
• buy recommendation due to staking investment but price still prone to pull-backs before future surges.
• ‘ethereum killer?’ More like healthy competition and boost to crypto space via interoperability.

Update: Elrond Mainnet now live! Check out the rare 1/1 NFT ‘tokenshot‘ on marketplace, minted July 30th 2020.

Research

Main Elrond website and Whitepaper
Twitter updates
Medium blog
Price on Coinmarketcap (current price = $0.015926)

[Added to Ade’s Press Long-HODL Portfolio.]

July 2020

Disclaimer: Not professional financial advice. You invest at your own risk. Always do your own research and be aware of early, untested status of young blockchain networks and market.