free web page hit counter Elrond Announces Wallet and Global Payments App Launch

Elrond Announces Wallet and Global Payments App Launch

3244 Views

Recently, Elrond also announced the launch of its digital wallet and global payments app dubbed Maiar, scheduled for Jan. 31 2021.

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-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 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
You can delegate gGLD and earn up to 220% APR

Elrond is the internet-scale blockchain designed to bring a 1000x improvement in throughput and execution speed over existing decentralized networks.

Elrond is a public blockchain that has delivered the first truly scalable sharding architecture solution, which is able to deliver more than 15,000 transactions per second and can scale even further, having achieved 263,000 transactions per second in public tests.

Compared to the 7 transactions per second of Bitcoin and 14 transactions per second of Ethereum, the top two cryptocurrencies at this time, Elrond is akin to what broadband internet was to the early days of slow internet connections.

Maiar, the digital wallet app for iOS and Android devices, provides financial services such as payments, investments, and passive earning. The application does not require any subscription or paperwork, does not collect any personal information, and uses Elrond's high throughput and inexpensive blockchain technology to provide near-instant transfers all over the world.

Maiar stands out from other blockchain-based wallets, which require writing down complex 24 words passwords, and other un-intuitive sign-up procedures, that are unappealing for non-technical users and dissuade newcomers.

By contrast, Maiar creates a unique and secure account on the Elrond blockchain using a cryptographic hash of the user's phone number, without the phone number leaving the device. At the end of a few seconds, the user has a usable blockchain wallet for sending and receiving money using their phone address book.

Through gamification and progressive security, the user is further encouraged to strengthen security, add a pin, biometric authentication, and encrypted backups. Maiar will also implement social recovery, allowing users to restore their wallets on a new device using their trusted contacts.

Maiar thus becomes the decentralized version of popular apps such as PayPal, Venmo, Revolut, and Google Pay, offering the same features but without collecting any personal information, and charging negligible fixed fees instead of a percentage of the transacted value.

The first killer app running on Elrond is the spearhead of the network's accelerated expansion. Touting the first fully sharded blockchain architecture that can operate at internet scale, Elrond thus positions itself for accelerated user acquisition at the height of what is expected to be the most impressive bull market since 2017.

Through Maiar, Elrond is positioned for an accelerated growth period, aiming to gain widespread mainstream adoption because in addition to crypto, the app aims to gradually provide the same features as PayPal, Venmo, and Google Pay but without collecting any personal information and at much lower fixed fees.

Beniamin Mincu, CEO & Founder of Elrond Network said: "In its 10 years of existence Bitcoin has proven that cryptocurrencies are secure and can serve an important purpose in the internet economy. Elrond opens up a new frontier offering internet-scale blockchain performance, and an intuitive application called Maiar, through which we aim to bring the next billion people to the blockchain space."

To find out more, visit the Elrond website at www.elrond.com

Join Elrond on Telegram: https://t.me/ElrondNetwork

Keep up with Elrond on Twitter: https://twitter.com/elrondnetwork


You can get bonuses upto $200 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 Maiar - DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance, 🟡 Bitfinex, 🟡 Bitmart, 🟡 Bittrex, 🟡 Bitget, 🟡 Crypto.com, 🟡 Gate.io.




GET $200 FREE BONUS NOW!

The $200 FREE BONUS is waiting for you if you register today!


GET CARD FOR FREE NOW!

Comments

How to Find a Good Cloud Mining Contract?

Cloud mining is an exciting way to invest in cryptocurrency without having to break the bank with initial investments. Mining crypto coins requires a lot of expensive equipment and it consumes a lot of energy as well. This limits the access to new investors and those without the liquidity needed to borrow early on. That’s why many smal...

The Ultimate Guide To Automated Crypto Trading

Cryptocurrency is the buzz right now. Bitcoin, Ethereum, and other cryptos now seem to be on everyone’s lips. With more and more investors dipping their toes in the crypto world, broad interest in the crypto market continues to surge. That said, investing in crypto can be challenging, particularly for newcomers. From the sheer numbe...

What are Bitcoin Wallets? How to store Bitcoin in the UAE?

Whether you have much info on cryptocurrencies, we bet you must have heard about Bitcoin. If we take a look at it a bit more focused, the whole crypto hype started with the rise of Bitcoin in the first place. Plus, with the UAE allowing Bitcoin and some specific cryptocurrencies to trade, the rush to sell Bitcoin rises again....

What Can A Crypto Marketing Agency Do For You?

Cryptocurrency is growing and becoming in demand with investors leading to the surge of crypto projects flooding the industry. If you see new names in the market, they are like the others looking to get more customers and sales. But the established crypto companies can also struggle to retain clients, especially with market uncertainties....


Top 5 investment-worthy Coin in 2022

The cryptocurrency markets have again proved the naysayers wrong by climbing more than any expected or predicted at the beginning of 2021. As Bitcoin rose from its slumber, the bullish rally of Altcoins followed suit. The most profitable investment trends for this year were projects concerning Decentralized Finance (DeFi), Decentralized A...


Top 5 NFT Cryptos to Buy in 2022 from BitYard

The past two years have seen the popularity of non-fungible tokens of NFTs rise through the roof in the crypto space. In the simplest terms, NFTs are digital tokens that facilitate the tokenization of anything from an image file, music or even a tweet. It is “non-fungible” as each token is unique and cannot be exchanged for something exac...


One-Stop Trading Platform BitYard - Here’s How You Can Benefit

Come join and become a part of BitYard, the leading crypto exchange that takes crypto trading to a whole new level & strives to provide users the best trading experience. With 500,00+ users already trading in over 150 countries, don’t wait, join today to benefit immensely and ‘Grow your future in the yard’. Why Is BitYard Trus...


SOCIAL GOOD 200$ free sign up bonus + 100% Cashback on daily purchases

SocialGood App gives max 100% Crypto Back on your purchases from 1,800+ stores! (AliExpress, eBay) Join the 1M users & download now for $200 signup bonus! You can exchange your SG crypto for BTC/USDT or keep for 15% staking! Shop up to $10,000 practically for FREE using the SocialGood App at your favorite eCommerce Shops...