![]() But the advantage of Elrond is the prospect of launching new projects, which may lead to higher prices for EGLD. Near has significant benefits thanks to the developers working on creating decentralized applications for Near. After all, both blockchains have shown to be strong and competitive and offer different advantages. Which Should You Invest In?Ĭhoosing between NEAR and EGLD is as difficult as comparing Dogecoin to Bitcoin. If you want to stay up to date with the latest events, then it is better to follow the rate of these cryptocurrencies here. Since this mark dropped to 40.3 dollars, we can talk about a short-term fall in the exchange rate, but with the prospect of recovery. This was a turning point when it was possible to forecast the EGLD price further. After that, there was a recovery, and the cryptocurrency raised its rate to $57.5. Projected price until the end of 2022 - $4.210.ĮGLD managed to achieve significant growth even in the bear market. Despite this, there is still room for growth. After getting the peak, the cryptocurrency rate began to decline, and now it is about $1.6. The price reached its historical maximum in January 2022 - $20.18. In almost a year, the cryptocurrency exchange rate rose from $1.36 to $12.72 and continued to grow. The rapid growth of the NEAR rate began back in 2021, as this time was the time of growth for the entire cryptocurrency market. Using this mechanism reduces network latency and allows nodes to determine who will be in the consensus group at the beginning of each new cycle. The consensus algorithm guarantees reliable protection against hacker attacks. This allows you to significantly speed up the process of processing information by splitting and merging shards as the number of users decreases and increases.Īnother feature of the project is Secure Proof of Stake. ![]() With the help of Adaptive State Sharding technology, the registry database is optimized using horizontal partitioning. The project’s primary goal is to create a new digital economy that is accessible to everyone without restrictions and to become a top platform with high speed and low cost of transactions. Sharding is implemented in the architecture of this platform. How Does Elrond Work?Įlrond is a blockchain focused on scalability, efficiency, security, and interoperability. Such blockchain scaling solutions will benefit both developers and users. It offers developers low fees and high throughput on the NEAR Protocol. To transfer ERC-20 tokens, NFTs, and stablecoins between the NEAR and Ethereum blockchains, NEAR uses the Rainbow Bridge. This mechanism also ensures the integrity of the blockchain. This is an opportunity to divide the blockchain into separate segments so that the data processing process is much more efficient. Sharding is one of the main features of NEAR. NEAR Protocol is an innovative contract platform for building decentralized applications. In this article, we will look at the modern Near Protocol and Elrond projects in more detail, as well as the price trends of NEAR and EGLD. These are two promising projects, which are also called “Ethereum killers.” They have another feature in common - a firm focus on development. Cryptocurrencies of both platforms - NEAR and EGLD are used to support their networks. Near Protocol and Elrond are layer-1 blockchains.
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