Elrond is a high-throughput public blockchain focused on providing security, efficiency, scalability, and interoperability by employing two key elements: Adaptive State Shardingand a new Secure Proof of Stake ("SPoS") consensus mechanism.
Elrond features smart-contract royalties,where 30% of the fees can be reallocated to the smart contract author.
ERD is the native asset of Elrond and is used to pay for transaction fees and the cost of deploying dApps on the network, along with rewards for various contributions to the network.
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