How to buy Elrond (ERD)

How to buy Elrond (ERD)

What is Elrond (ERD) ?

Elrond is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable and interoperable. Elrond’s main contribution rests on two cornerstone building blocks: 

1) A genuine State Sharding approach: effectively partitioning the chain state into multiple shards, handled in parallel by different participating validators; 
2) Secure Proof of Stake consensus mechanism: an improved variation of Proof of Stake (PoS) that ensures long term security and distributed fairness, while eliminating the need for energy intensive PoW algorithms.

Why should you buy Elrond?

• Compared to Ethereum, Elrond eliminates both energy and computational waste from PoW algorithms by implementing a SPoS consensus while using transaction processing parallelism through sharding.

• Compared to Algorand, Elrond doesn’t have a single blockchain, instead it increases transaction’s throughput using sharding. Elrond also improves on Algorand’s idea of random selection by reducing the selection time of the consensus group from max 12 seconds to less than a second, but assumes that the adversaries cannot adapt within a round.

• Compared to Zilliqa, Elrond pushes the limits of sharding by using not only transaction sharding but also state sharding. Elrond completely eliminates the PoW mechanism and uses SPoS for consensus. Both architectures are building their own smart contract engine, but Elrond aims for EVM compliance to to achieve interoperability between blockchains.

How to buy Elrond (ERD)

You can buy Elrond in 4 easy steps:

1. Create a Coinbase account
– verify your identity
– buy Bitcoin (or other crypto) by Credit/Debit Card or Bank Transfer

2. Create a Binance account

3. Transfer your Bitcoin from Coinbase to Binance
– you can find out your Bitcoin address from Binance account by navigating to Funds / search “Btc” / click on “Deposit” / Copy Address

– to transfer the Bitcoin from Coinbase account just navigate to Accounts / BTC Wallet / Send / then paste your address copied at the step above.

4. Once your Bitcoin transferred to Binance account, you are free to buy Elrond in a few clicks: Exchange / Basic / Search “ERD”

Disclaimer: due to crypto market high volatility, never invest more than you can afford to lose.

Good luck and happy trading!

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