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