Elrond (EGLD) May Be Best Smart Contract Platform, According to Popular Analyst Coinexc

Coin Bureau’s server says Elrond (EGLD), which increased by 700% in February, could be the next best smart contract platform.

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The crypto analyst, known as Guy, tells 640,000 YouTube subscribers that the blockchain network Elrond has combined the unique features of Bitcoin, Ethereum, and next-generation decentralized platforms to create a cryptocurrency network that will become the one-of-a-kind product.

“It has managed to combine and even develop the best features of many leading cryptocurrencies in the field. Elrond’s adaptive state sharing is like the fragmentation we’ll see in Ethereum 2.0, but better. Elrond’s proof of stake is like Harmony’s proof of stake, but better. Elrond’s Arwen is like Cosmos’ CosmWasm but better.

When you combine these three features, you will theoretically have a blockchain capable of processing more transactions per second than any other smart contract blockchains combined. “

The local token of the Elrond blockchain, EGLD, is currently trading for around $ 170 after the rally that started at $ 30 in January. However, Guy is optimistic that the cryptocurrency is ready to explode:

“Elrond’s growth has increased exponentially since the network launch last summer. This growth is well deserved and much more is on the horizon. With Elrond’s decentralized finance (DeFi) ecosystem, the expansion of staking participation and rewards in phases 3 and 4, the demand for EGLD is likely to increase significantly. “

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