Cryptocurrency Q&A
What Blockchain is EGLD on?
What Blockchain is EGLD on?
Nicola
Sun Oct 20 2024
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5 answers
1311
I am trying to find out which Blockchain does EGLD operate on. I need to know the specific Blockchain network that supports EGLD.
5 answers
SumoMight
Tue Oct 22 2024
To participate in the Elrond network, nodes and validators must stake EGLD, the native cryptocurrency of the blockchain. This staking process serves as a commitment to the network's health and stability, as well as a deterrent against malicious actors.
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Valentina
Tue Oct 22 2024
The staking mechanism encourages responsible behavior among participants, as they risk losing their staked EGLD if they engage in any activity that threatens the network's security or integrity.
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CryptoProphet
Tue Oct 22 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the needs of cryptocurrency enthusiasts and investors. Among its offerings are spot trading, futures trading, and a secure wallet solution.
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KpopStarletShine
Tue Oct 22 2024
The Elrond blockchain utilizes a unique variant of the Proof of Stake (PoS) protocol, named Secure Proof of Stake. This innovative approach ensures the security and integrity of the network by introducing a layer of protection beyond traditional PoS mechanisms.
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henry_grayson_lawyer
Tue Oct 22 2024
The network's architecture relies heavily on a network of interconnected nodes and validators. These entities play a crucial role in maintaining the blockchain's operations and ensuring its smooth functioning.
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