Cryptocurrency Q&A
What network is eGLD on?
What network is eGLD on?
ShadowFox
Sun Jun 23 2024
|
6 answers
1338
Could you elaborate on the network that eGLD, also known as Elrond Gold, operates on? I'm curious to understand the underlying technology and infrastructure that supports this cryptocurrency. Specifically, is eGLD built on a public blockchain, a private blockchain, or a hybrid solution? Additionally, does it utilize any specific consensus mechanism like Proof of Work, Proof of Stake, or something else entirely? Clarifying these details would help me gain a deeper understanding of the technical aspects of eGLD and how it functions within the broader cryptocurrency ecosystem.
6 answers
Emanuele
Tue Jun 25 2024
The Elrond Network is a platform that caters to both users and developers, offering them a convenient means of interaction through the utilization of the eGLD coin.
Was this helpful?
42
85
CryptoQueen
Tue Jun 25 2024
This coin serves as the gas for the entire Elrond ecosystem, powering transactions and interactions within the network.
Was this helpful?
340
34
DigitalBaron
Tue Jun 25 2024
The eGLD coin is specifically designed to work with Elrond's proprietary Maiar Wallet.
Was this helpful?
335
61
KpopHarmonySoul
Mon Jun 24 2024
The Maiar Wallet is a secure and intuitive tool that enables users to manage their eGLD holdings and engage with the Elrond Network.
Was this helpful?
257
74
CryptoProphet
Mon Jun 24 2024
One of the key features of the Maiar Wallet is its ability to facilitate near-instant transactions.
Was this helpful?
79
21
Load 5 more related questions
