Elrond is a decentralized blockchain that has the goal to offer fast transactions without sacrificing security and scalability. They do this by using a Secure Proof of Stake (SPoS) mechanism and Adaptive State Sharding. Their blockchain also supports smart contracts, so it’s possible to create decentralized applications on the network. The Elrond platform was launched in 2020, and was co-founded by Beniamin Mincu, Lucian Todea and Lucian Mincu. They have their own EGLD token, which was launched in September 2020 after the network transitioned from their previous token called ERD.