Elrond Network x NewsCrypto Collaboration
Elrond Network & NewsCrypto announced collaboration to further the understanding of the technology behind the Elrond Network, and the ecosystem of services and DeFi products that it helps create.
Through the cooperation, Elrond will contribute knowledge and support towards the creation of educational materials for NewsCrypto platform users, opening the door for a great understanding of the fundamentals of the ecosystem that is ready to power a global financial system operating at internet-scale.
An Elrond Network fundamentals report is already available for free on their website in the https://app.newscrypto.io/fundamental-analysis-reports section. Signup required, Google and Facebook login 1-click options available.
A portion of the NWC token supply will be bridged onto the Elrond Network as ESDT token, enabling its holders to benefit from opportunities on the Maiar Exchange and other DeFi products running on our network. Together we are also exploring more opportunities for DeFi collaboration.
About NewsCrypto
NewsCrypto is a comprehensive educational, social and informative platform offering both beginners and experts everything they need in order to learn about crypto and further improve their ability to understand the blockchain space.
About Elrond
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
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