[Elrond](https://elrond.com/) supports dApps, NFTs, and other types of transactions. The platform is also designed to handle high volumes of transactions. It can handle tens of thousands of transactions per second, more than what [Bitcoin](/coins/btc) and Ethereum blockchains can handle.

## History of the Elrond Company

Beniamin Mincu, Lucian Mincu, and Lucian Todea Elrond  founded Elrond in 2017. Beniamin and Lucian Mincu (brothers) also co-founded MetaChain Capital and ICO Market Data, an aggregator of information around initial coin offerings.

Beniamin Mincu is currently the CEO of Elrond while Lucian Mincu is the CIO. Lucian Todea is the COO of the blockchain platform.

In June 2019, Elrond conducted a private investment round that saw it raise $1.9 million from several angel investors. The same month the project held an Initial Exchange Offering (IEO) and raised $3.25 million in exchange for 25% of its total token supply.

Elrond’s native tokens were initially known as Elrond with the symbol ERD. However, after the project launched its mainnet in July 2020 the native coins were changed to EGLD coins. ERD holders then received 1 EGLD coin for every 1,000 ERD coins they held.




## Elrond’s Unique Features

Elrond stands out with its fast and cheap transaction costs. Its capabilities are possible due to several features, which include;

•	Sharding

Sharding involves splitting a blockchain into smaller pieces known as shards, enabling nodes to only process a fraction of the network’s transactions. It is one way blockchains like Ziliqa and Polkadot are using to solve blockchain’s scalability problem.
Elrond uses a transaction mechanism called “Adaptive State Sharding” that splits nodes into subsets to verify transactions. Once transactions are processed, the shards broadcast them to Elrond’s central blockchain (metachain) where they will be settled.

•	Secure Proof of Stake (SPoS)

Secure Proof of Stake is similar to the Proof of Stake consensus mechanism. Instead of miners, Elrond depends on validators to validate transactions and new blocks to the blockchain.
Because Elrond consists of shards instead of a single chain, validators only run nodes that verify transactions within a specific shard.

Transactions from all shards have to be synced, validated, and then written to the blockchain. Contributors to the successfully added batch of transactions get the staking reward via EGLD tokens.




##How Elrond Works

Elrond requires three key participants to work efficiently, validators, fishermen, and observers. The three, operate the Elrond blockchain simultaneously. They enable the Elrond blockchain to be highly scalable;

•	Validators: Validators stake EGLD tokens to verify transactions and add new blocks to the Elrond blockchain.

•	Fishermen: Fishermen verify new blocks after they are added to the Elrond blockchain by validators. Their job is to find invalid blocks and malicious actors participating in the network.

•	Observers: Observers maintain the history of the Elrond blockchain. They are passive network participants who are ineligible for EGLD rewards.

## EGLD Token

The EGLD token is the native currency of the Elrond blockchain. It can be used for staking, to pay transaction fees, and incentivize validators. It can also be used for governance and smart contracts.

EGLD tokens have been performing pretty well since they first came into the scene. According to Coinmarketcap, EGLD coins are currently trading at $56.90 per coin. They are the 42nd largest cryptocurrencies in the world with a live market cap of $1,299,447,038.

EGLD coins have a max supply cap of 31,415,926. There are currently 22,895,867 EGLD coins in public circulation. The coins can be bought in various crypto exchanges including Binance.us, KuCoin, Gate.io, Bitfinex, OKEx, and Crypto.com.

You will need a crypto wallet that is compatible with EGLD coins before you can buy them. Some compatible crypto wallets include the official Elrond wallet, MetaMask, and Trust wallet. The digital coins can also be stored in hardware wallets like Ledger and Trezor.

Based in Malta, the Elrond Company is one company looking to solve one of blockchain’s greatest problems, scalability. The company’s blockchain network stands out with its features that enable it to handle high volumes of transactions cheaply.

While Elrond faces stiff competition from Ethereum, Cardano, and Polkadot, it has the capabilities to compete with them. Some of its features, Adaptive stake sharding and secured proof of stake, rival the leading blockchain platforms.


The Elrond Company

There's a new Metaverse cryptocurrency on the block, and it's called Shibaverse Coin! This innovative new currency is bringing a whole new level of security and privacy to the world of digital currencies.

Unlike Bitcoin and other popular cryptocurrencies, VERSE is based on a completely new algorithm that makes it more secure and anonymous than anything else out there for the Metaverse community. If you're interested in getting in on the action, read on to learn more about this exciting new crypto currency!

## What is Shibaverse, and how does it work?

Shibaverse Coin is a digital currency that is based on the Litecoin blockchain. It is an open-source project that was created to provide a more user-friendly and accessible way to use cryptocurrency.

The coin has a unique, Shiba-themed design and is intended to be used as a tipping currency on social media platforms. Unlike other digital currencies, VERSE can be easily mined on any computer without needing specialized equipment.

The coin also has a high level of security due to the use of the Litecoin blockchain. Transactions are faster and more secure than traditional banking methods, making [Shibaverse Coin](https://coindecimal.com/shibaverse-coin/) an attractive option for those looking for an alternative to traditional currency.

## What makes Shibaverse unique compared to other cryptocurrencies?

VERSE is a unique cryptocurrency that offers a variety of benefits compared to other coins. For one, it is faster and more efficient than many other cryptocurrencies. It also has a lower transaction fee, making it more affordable.

In addition, VERSE is more secure than other coins, with an advanced encryption system that helps to protect users' personal information.

Overall, VERSE provides a superior experience to other cryptocurrencies, making it the best choice for those looking for an easy and efficient way to transact.

## How can investors get involved in Shibaverse, and what risks are involved?

Shibaverse is a new cryptocurrency that offers investors a way to get involved in the "Shiba Inu economy." The coin is named after the popular dog breed and features a Shiba Inu character on its logo.

Investors can buy it through exchanges such as Binance and Kucoin. The risks involved in investing in VERSE include the volatility of the cryptocurrency market, as well as the possibility that the project may never launch.

However, some investors believe that the potential rewards of investing in VERSE outweigh the risks. The team behind it has plans to use the funds raised through the sale of the coin to build a decentralized exchange and launch a social media platform. If successful, these projects could help to increase their value of it.

## What impact could Shibaverse have on the cryptocurrency market as a whole?

Shibaverse is a new Metaverse cryptocurrency gaining popularity due to its unique features. Unlike other cryptocurrencies, VERSE uses a new data structure called a Directed Acyclic Graph (DAG).

This allows for faster transaction times and lowers fees. In addition, it is backed by a company called Shiba Inu Ltd, which gives it more stability than many other cryptocurrencies. As more people become aware of it and its advantages, its popularity will likely continue to grow.

This could have a major impact on the cryptocurrency market as a whole, as more investors seek alternative coins with different features. Only time will tell what the ultimate impact is, but it is clear that it has the potential to shake up the status quo.

 For more developments on the crypto news go to [Latest Moni](/news).


Shibaverse coin- cryptocurrency for the metaverse

The high energy consumption of blockchain has become a topic of heavy debate over the past few years. Let's critically analyse whether blockchain's energy usage is really a threat to the climate!
 
Blockchain is touted as the most disruptive technology for data transparency in ledgers. It is being used in several industries for governing transaction procedures in a decentralised way. Though technology has revolutionised the world economy, blockchain often faces criticism for consuming large amounts of energy. 

Since the origination of the blockchain, its energy consumption has been questioned by many environmentalists. Undoubtedly, blockchain energy expenditure is relatively high. But does higher consumption necessarily imply more harm to the climate? 

Various widespread misconceptions about blockchain energy hold us back from using it as a secure payment gateway. To ensure blockchain smart transition in businesses, here we've demystified the FUD surrounding blockchain energy! 

## Environmental sustainability and blockchain energy usage

Blockchain technology is mainly used for cryptocurrency mining. Since Bitcoin is the largest and oldest currency, its mechanism, PoW (Proof-of-Work), is often perceived as the only viable mechanism. And as PoW has a [high energy consumption rate](/news/article/bitcoins-growing-energy-problem), environmentalists view it as a massive danger to the climate. 

According to many environmentalists, blockchain technology should be halted as it can cause a threat to the climate. Previously, there also have been discussions about its ban in the European Union. Moreover, cryptocurrency critics use this misconception as an argument to outlaw the crypto market. But this argument is based on several myths and misconceptions about blockchain energy consumption, which must be addressed.

## The common misconceptions about blockchain energy consumption

Here are the most common and problematic misconceptions about the energy expenditure of blockchain technology.

1.	Blockchain energy consumption amounts to the same carbon emission
One of the most common misconceptions about blockchains is that the amount of energy they consume leaves the same amount of carbon emission in the atmosphere. This view is problematic for various reasons. 

Firstly, calculating the amount of energy required for blockchain is easy and doable as you can find the hash rates. However, calculating the carbon emission against it is quite arduous. Because here, you would need to know what energy sources different crypto miners are using and what their hardware specifications are. That's why the estimates for carbon emission are incorrect.

Secondly, not every crypto miner uses fossil fuels as energy resources. Many opt for renewable sources for uninterrupted energy supply and efficiency. Data shows around [28% to 74%](https://www.coincenter.org/education/crypto-regulation-faq/understand-bitcoins-energy-use/) of energy for Bitcoin mining comes from renewables. 
 
2.	Slower transactions mean more energy consumption
Another misleading notion about blockchain energy expenditure is that slower transactions mean more energy consumption, thereby more CO2 emission. 

But the truth is blockchain does not require energy for transactions. Blockchains consume energy only for mining, which involves solving a puzzle in the PoW algorithm. That's why considering the amount of time required for transactions for calculating energy consumption is unnecessary.  

3.	Crypto mining increases the load on electrical grids
Crypto critics also argue that using blockchain for mining increases the load on public electrical grids. However, this is also based on a false assumption that crypto miners use public grids. 
Crypto mining requires an enormous amount of uninterrupted flow of energy. Therefore most miners use private electrical grids with sustainable sources. Mostly, miners rely on sunlight, rain, wind, tides, etc., to produce electricity and maintain energy efficiency. 

4.	Blockchains use only Proof-of-Work (PoW) mechanism
Since the Proof-of-Work (PoW) mechanism is one of the oldest and is used for Bitcoins, many perceive it as the only mechanism for blockchains. But as blockchain technology has evolved, numerous blockchain consensus mechanisms exist. 

PoW is only one of the many consensus mechanisms used by blockchains. Its widely known energy-efficient alternative is Proof-of-Stake (PoS). Ethereum blockchain is one of the most popular blockchains that runs on this mechanism. It mainly involves maintaining the electronic ledger for the number of tokens the node holds. 

Besides, there are various other energy-efficient options like Proof of History (PoH), Proof of Action (PoA), Proof of Capacity (PoC), or Proof of Burn (PoB). Therefore, blockchain technology is not limited to PoW. 

5.	Blockchain energy expenditures are useless
Many opponents of crypto consider the blockchain use of energy useless. According to them, it is unnecessary, even if renewable sources are used for producing the energy for blockchains. 

The main reason behind this argument is the lack of clarity regarding blockchain technology and how it can help transform our businesses. The 'decentralised and secure ledger' is often misunderstood by the masses. So, they mistakenly consider the entire technology a scam.   

6.	Blockchain popularity will increase energy consumption
It is also an unreasonable misconception that the rate at which blockchains currently consume energy will gradually increase. This argument is unreasonable because the PoW algorithm used in Bitcoin mining consumes the highest rate of energy. 

But, Bitcoin is not a utility token due to its slow transaction rate. Also, there can only be 21 million Bitcoins ever. So, increasing its popularity would not necessarily mean increasing energy consumption. Moreover, as of now, the annual energy consumption by Bitcoin networks is only 84.70 TWh. At this rate, Bitcoin mining does not possibly threaten the environment.

## Blockchain energy consumption: Is it really a concern?

The Proof-of-Work consensus mechanism for blockchains is not the only viable option. Various other algorithms can now work to maintain transparency in the blockchain. However, PoW is the most reliable one as it is highly secure and requires intensive energy for this purpose. 

According to a study, 'The Energy Consumption of Blockchain Technology: Beyond Myth', Bitcoin PoW mechanisms consume around 60 to 125 TWh annually. This consumption is equal to the annual energy consumption of countries like Austria and Norway. Though the energy consumption is indeed enormous, it does not pose a threat to the environment.  

The main reason is that you cannot rely on fossil fuels or other traditional ways to produce this much electrical energy. That's why renewable sources are used to keep the costs to a minimum and minimise Carbon footprints. Around 28% to 74% of the Bitcoin miners use renewable resources for producing energy. And as they set up private grids, it does not affect energy distribution through public grids. 

In addition, the total Bitcoin blockchain energy consumption worldwide is only 84.70 TWh. If you compare it against the annual global energy consumption, which is 170,000 TWh, it will amounts to only less than a tenth of a percent. It is also notable that 59.5% of the energy consumed by Bitcoin blockchains, is produced through renewable resources.    

![Picture1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture1_8cc35cf5f9.png)


[Source](https://www.swanbitcoin.com/bitcoins-energy-usage-is-not-a-problem-heres-why-by-lyn-alden/)
 
## How can blockchain be energy-efficient?

Environmental sustainability is one of the unavoidable concerns for humanity today. Therefore, many measures have been taken in various fields to reduce energy consumption and carbon footprints. We can also observe considerable work in blockchain technology for decarbonisation.

### Smart electricity metre

Blockchain can not only be energy-efficient, but it can also work for clean energy. One of its examples is its use as a smart electricity metre. Smart metres can shape a decentralised infrastructure for monitoring electricity production and usage. 

Moreover, blockchain can bring transparency and efficiency to smart contracts in businesses. Besides, you can use it for crowdfunding for climate action or other causes. There are many other emerging use cases of blockchain technology for the environment. These can be part of the climate action plan for decarbonising and decentralising the environment.

## Final Thoughts

Blockchain technology is a revolutionary innovation that can transform the way we do business. It can help us bring transparency and security to our everyday transactions. But unfortunately, there are a lot of misconceptions and vagueness around blockchain energy consumption, which results in sluggish growth of the technology. 

This article demystified some of the most common misconceptions about blockchain energy expenditure. To sum it up, blockchains are not dangerous to the climate as there are various consensus mechanisms other than PoW that consume less energy. Most blockchains also leverage renewable resources for energy production, minimising their carbon emissions.
  




Blockchain energy FUD demystified

There's a lot of heated discussion around blockchain consensus mechanisms. The two most popular options are Proof of Work (PoW) and Proof of Stake (PoS). Let's have a look at both of the mechanisms. 

## What Is PoS?

[Proof-of-stake (PoS)](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/) is a consensus mechanism that allows participants in a blockchain network to agree on the validity of transactions without having to rely on mining. In a PoS system, people are rewarded for holding onto their coins instead of mining. This is done by assigning a value to each coin, and the person who holds the most coins has the highest chance of being chosen to validate new blocks.

## What Is PoW?

[Proof of Work, or PoW](https://ethereum.org/en/developers/docs/consensus-mechanisms/pow/), is the original consensus mechanism that Bitcoin and other cryptocurrencies use. In PoW, miners use special software to solve mathematical problems and verify transactions. The first miner to solve a problem is rewarded with new cryptocurrency tokens, and the transaction is added to the blockchain.

Proof of Work is a very energy-intensive process, and it has scalability problems. As more people use a cryptocurrency, the network requires more energy to process transactions. This has led to proposals for new consensus mechanisms, such as Proof of Stake.

## Which Is Better PoS vs PoW?

The two main types of consensus mechanisms: Proof of Work (PoW) and Proof of Stake (PoS), both have their pros and cons, but which one is better? Let's take a look.

Proof of Work is a consensus mechanism that requires participants to solve complex mathematical problems in order to validate transactions. This process is energy-consuming and can only scale up so far. As a result, Proof of Work is not ideal for large-scale networks.

On the other hand, Proof of Stake does not require solving any complex mathematical problems. Instead, it relies on validators to stake a certain amount of cryptocurrency on the network. This process is less energy-consuming and can scale up much more easily than Proof of Work, meaning that it can handle a larger number of transactions without becoming bogged down or congested. As a result, Proof of Stake is ideal for large-scale networks.

There are pros and cons to both PoS and PoW, but in general, PoS is seen as more scalable and energy-efficient than PoW.

However, it's important to note that these are just generalisations and that different implementations of PoS and PoW may have different results.

Choosing between Proof of Stake and Proof of Work depends on the specific needs of your project. If you're looking for a more scalable and energy-efficient consensus mechanism, then PoS is likely the better option, but if you need more security, then PoW may be a better option.

Read [Latest Moni](/news) to learn more about cryptocurrency and blockchain.



What's the difference between PoS vs PoW?

In the latest VeChain news, a long-term partnership with the world's premier mixed martial arts organization, the Ultimate Fighting Championship (UFC), was announced on Thursday, June 9, 2022.

## Positive sentiment on the back of latest VeChain news

[VeChain](https://www.vechain.org/) is one of the early real-world blockchain applications with offices in the United States, San Marino, Ireland, Italy, France, Singapore, China, Japan, and Luxembourg.

As the leading global sustainability-focused blockchain foundation, this alliance will help the layer 1 solution receive unmatched access to the assets of the UFC. Some of the perks of the partnership include VeChain having access to in-arena promotions, original content distributed through Ultimate Fighting Championship's popular social and digital channels, as well as live events.

This VeChain news means that more than 900 million households in more than 170 countries that watch broadcasts of UFC competitions will be exposed to the power of blockchain solutions.

Chief Executive Officer and co-founder of VeChain, Sunny Lu, said this union is a historic one for the blockchain that has the lion's share of most enterprise adoptions.

He added it would help educate millions of people about the possibilities of blockchain technology in helping sustain projects such as the fastest-growing sport, UFC.

UFC Senior VP of Global Partnerships, Paul Asencio, recognized VeChain as one of the global leaders in blockchain technology.

He said he was glad to have the technology company as the Official Marketing Partner of UFC because of what their blockchain has done for the public and private sectors using their carbon-neutral protocol.

He added that UFC would use this opportunity to educate skeptics about the pros of using [blockchain technology](/news/article/applications-of-blockchain) to protect the environment.

This looks like one of many alliances that could make VeChain news as the layer one blockchain protocol looks to forge new coalitions in the future.

## Other supporting factors

Aside from UFC, the company has forged alliances with leading enterprises such as LVMH, BYD Auto, BMW Group, Bayer, and Walmart.
Having one of the most vibrant ecosystems in the saturated blockchain technology space, VeChain has been adopted by governments and several enterprises. As of July 2022, it continues to mainstream applications across industries such as energy, medicine, supply chain and logistics, carbon management, sustainability, and others.

The major drivers of cryptocurrency’s value comprise exchange listings, staking services, and partnerships.

This alliance with UFC reflected positively on the valuation of the novel token of the protocol, VET, which can be found on roughly 36 exchanges.

## VeChain price forecast

On June 9, VET opened with a trading price of $0.0303 and increased to an intraday high of $0.03304.
With day traders using several strategies to make profits from small price changes, a sell-off to lock in gains saw a 9% decrease to an intraday low of $0.02998. VET closed the day with a new trading price of $0.03189, per data retrieved from CoinMarketCap. Overall, this meant VET shed 3% between its opening and closing price on the day of the partnership.

The effect of the partnerships has led to increasing questions about its native asset, VET. Many continue to ask about VET predictions.
Despite the slight price increase, analysts at Wallet Investor do not foresee VET reaching new milestones in the future. In the short term, they do not see VET testing its all-time high (ATH) price of $0.2782 on April 17, 2021. According to them, by the end of 2022, VET could command an average trading price of $0.00273, a minimum price of $0.00137, and a maximum price of $0.004096.

On the other hand, experts at the technical analysis-backed Digital Coin Price predict VET to exchange hands for a regular price of $0.0290, the least possible trading price of $0.0272, and the best possible trading price of $0.0308 by the close of 2022.

Analyst David Cox at CryptoNewsZ remains bullish about the future price patterns of VET.

Other drivers likely to trigger an uptrend in the digital asset's value are positive crypto market sentiment, renewed interest in risky assets, and clarity on crypto regulation.

Per the analyst, VET could have $0.05 written next to it by the end of the year, $0.07 in 2023, and $0.09 by the year’s end of 2025.
VeChain has an awesome protocol, making its digital token VET one of the assets you can consider for your investment portfolio.



VeChain News: Will VET Reach $10?

The tokenization of real estate is based on blockchain technology and represented as whole or fractionalized shares of the asset known as digital tokens. Contractual specifics come into play as what is known as "smart contracts." When pre-defined contract conditions meet, the algorithm encoded in the digital contract activates the code-specified events—for example, a transaction or transfer in the land registry without the need for human interaction. Following proper action validation, there are new productions of blocks and additions to the current blockchain.

Tokenized real estate investments, consisting of residential, commercial and industrial property  are areas of opportunity. As tangible assets safeguard tokens, their value will change by the asset's performance, much like real estate investments. However, blockchain technology adds convenience, notably the safe and frictionless storage and transmission of cryptographic tokens. 

Tokenized real estate has the potential to make those priced out of real estate investing accessible to the market by making it more reasonable. 

After an investment in tokenized real estate, investors earn a percentage of rental payments in proportion to their initial investment on a daily or weekly basis. Payments are in stablecoins or the platform's native money.

Tokenization allows investors to buy and sell digital assets without closing expenses, significantly lowering transaction costs. As a result, efficiency improves due to matching cost and time savings. "Tokens" enable the replacement of traditional securities with blockchain technology. They may also transform tangible assets into "tokens," making them available to all investment groups. 

Tokenized real estate results in fractional and divisible ownership benefits.
Real estate value has always been indivisible since it is a single asset. Tokenization allows the asset to be fractionalized, resulting in improved access and liquidity of the investment. 

The worldwide property value is over $10.5 trillion, making this market one of the most significant in the world. However, only a portion of this is now available for public trade. Tokenization will most likely affect this in the upcoming years. 

## The benefits of tokenized real estate


### Affordably priced investment

The most obvious benefit is that the investor does not have to acquire the entire property; the investment amount is entirely customizable.

### Income from a Passive Source

One common criticism among real estate investors is that when they buy a property, they must also refurbish and maintain it, locate tenants, and collect rent. They often part ways with 30% of the property revenue as they employ a property manager. Which is a substantial sum of money, and tokenized ownership allows investors to reap the same benefits without needing property managers or dealing with real property expenses.

### Simpler Equity Release

To raise funds, several platforms allow investors to tokenize their property. Enabling investors to free up equity, obtain financing, buy another home, and expand their portfolio.

## The disadvantages of tokenized real estate


### Lower Returns

Rental payments will be a fraction of traditional rental payments. As investor fees are solely proportional to their initial investment, they will not receive a high payment if they do not have much capital.

### Fewer Opportunities

Several platforms offer tokenized real estate, with many offering the highest APY and opportunities. With so many options, property owners who want to list and unlock equity realize that their investor's options are limited.

### Regulatory Compliance

Although [web3](/news/article/solana-nft) eliminates intermediaries, compliance is required for the concept to scale. It would also be prudent for the platforms to be appropriately licensed to comply with local legislation.

Tokenization has excellent development potential, yet it remains elusive owing to its intrinsic complexity. The benefits vary from property fragmentation to liquidity security and the automation of property-specific operations such as title transfer or transaction execution.

Tokenization has the potential to revolutionize the way individuals invest in real estate globally entirely. To capitalize on that potential, Blockchain developers and their professional advisors must carefully assess and prepare for it.

## Tokenized real estate platforms


#### [DigiShares](https://digishares.io/real-estate-tokenization)

DigiShares is for people with physical assets that want to tokenize real estate, company equity, or physical assets. 

#### [Arrived Homes](https://arrivedhomes.com/)

Buyers may invest directly in the property with Arrived Homes. They will receive tokens and rental payments in exchange.

#### RealT

RealT has been around for a while and built a track record for successful investment opportunities. They also have a large and experienced team, meaning they know what they are doing. Their properties tend to sell out quickly.










Latest Moni

Latest Blockchain News | Page 2

Read the latest blockchain news from around the world.

The Elrond Company

Shibaverse coin- cryptocurrency for the metaverse

Blockchain energy FUD demystified

What's the difference between PoS vs PoW?

VeChain News: Will VET Reach $10?

Tokenized real estate: Where digital meets real estate

Cryptocurrency Losses for Major US

Tornado Cash Sanctioned by US Treasury

Best UK exchanges for crypto trade and investment