This is great news for Ethereum and the crypto market as a whole and makes Ethereum a solid option for those who want to get involved with crypto without damaging the planet. What's more, Ethereum has begun its release of ETH 2.0, a hard fork to a new proof of stake blockchain that will provide more efficient and environmentally friendly transactions. This is currently the most popular blockchain in the world and can be used to develop tokens, dApps, NFTs, and other DeFi services. So, even though this crypto took a hit in the first half of 2022, it's still a key player with a lot to offer, especially because of the Ethereum blockchain. It has an equally commendable 24-hour trading volume of $18.7 billion. Behind Bitcoin, it's currently the most popular and valuable coin on the market (though there's a considerable price difference between the two).Įthereum's market cap is also pretty astonishing, currently sitting at almost $200 billion. If you're interested in cryptocurrency, you've definitely heard of Ethereum. You can earn Elrond using Maiar via staking it through a wide range of providers, where you can earn some solid rewards. Splitting the workload in this way makes blockchains more scalable and allows transactions to be processed in less time.Įlrond is also supported by Maiar, a popular crypto wallet and staking app. One may be for governance, while another may handle transactions. This particular network uses a technique known as sharding to achieve this, wherein one blockchain is split into multiple blockchain "shards." These are individual chains, each with a specific function. Inside the game, each serves a particular role. Like XRP, Elrond can offer super-fast transactions. Axies native coins AXS and SLP are at the heart of this Ethereum blockchain metaverse concept. Though this may sound concerning, it's important to note that many cryptocurrencies have suffered throughout 2022, with Elrond no exception. Unfortunately, since then, Elrond's value has decreased significantly, standing at around $50 at the time of writing. But its price grew steadily throughout 2021, reaching a peak of $490 in November 2021. Since entering the crypto market in September 2020, Elrond has seen peaks and lows.
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