Details

Last Funding Type

Secondary Market

Industries

Blockchain,FinTech

Founded date

May 31, 2018

Number Of Employee

11 - 50

Operating Status

Active

Elrond's mission is to (1) create a global, transparent, near-instant, non-inflationary financial system, and (2) give anyone, anywhere, easy access to it.

For 3 years we've been building a powerful solution to address the first part of the mission. The solution is a high bandwidth, low latency, high security, low-cost blockchain network, that can accommodate transactions and value exchange at the internet scale.

The solution is LIVE NOW, and can process above 15.000 transactions per second, with 6-second latency, and $0.001 transaction cost. This will radically transform the way we exchange value, just as broadband internet transformed the way we communicate.

Adding value to that, we have announced more than 60 collaborations and partnerships to aggressively expand the Elrond ecosystem, adding significant utility, increasing outreach, and enabling applications to leverage the Elrond technology.

Elrond has acquired 2 organizations. Their most recent acquisition was Twispay on Oct 12, 2021. They acquired Twispay for 0.

Date Company Name	Industry	Acquisition Type	Price
Oct 12, 2021 Twispay	Banking	acquisition	—	Detail
Jan 11, 2022 Utrust	Cryptocurrency	acquisition	—	Detail