# EGLD(Elrond)

* Issue Time

  2019-07-05
* Total Supply

  24,805,728 EGLD
* Circulation

  24,044,796 EGLD
* White paper

  <https://elrond.com/assets/files/elrond-whitepaper.pdf>
* Website

  <https://elrond.com/>
* Block Explorer

  <https://explorer.elrond.com/>

Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost. The blockchain has a native token known as eGold, or EGLD, that is used for paying network fees, staking and rewarding validators.

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