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EGLD

Elrond  

#EGLD

EGLD Price:
$49.27
Volume:
$25.3 M
All Time High:
$548
Market Cap:
$1.1 B


Circulating Supply:
23,033,001
Exchanges:
19
Total Supply:
24,363,001
Markets:
40
Max Supply:
Pairs:
19



  EGLD PRICE


The price of #EGLD today is $49.27 USD.

The lowest EGLD price for this period was $0, the highest was $49.27, and the current live price for one EGLD coin is $49.26865.

The all-time high EGLD coin price was $548.

Use our custom price calculator to see the hypothetical price of EGLD with market cap of BTC or other crypto coins.


  EGLD OVERVIEW


The code for Elrond is #EGLD.

Elrond is 2.1 years old.


  EGLD MARKET CAP


The current market capitalization for Elrond is $1,134,804,898.

Elrond is ranked #47 out of all coins, by market cap (and other factors).


  EGLD VOLUME


There is a large daily trading volume on #EGLD.

Today's 24-hour trading volume across all exchanges for Elrond is $25,295,410.


  EGLD SUPPLY


The circulating supply of EGLD is 23,033,001 coins, which is 95% of the total coin supply.

A highlight of Elrond is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.


  EGLD BLOCKCHAIN


EGLD is the native coin for the Elrond blockchain.

View the full list of Elrond blockchain tokens.


  EGLD EXCHANGES


EGLD is available on several crypto currency exchanges.

View #EGLD trading pairs and crypto exchanges that currently support #EGLD purchase.


  EGLD RESOURCES


Websiteelrond.com
Whitepaperelrond.com/assets/files/elrond-whitepaper.pdf
Twitterelrondnetwork
Redditr/elrondnetwork
TelegramElrondNetwork


  EGLD DEVELOPER NEWS



Elrond enters the DACH region with German infrastructure partner Istari Vision

istari-vision.com Elrond is ready to provide the internet with the layer of trust it needs, at the speed it requires it. Our technology attracted an important ecosystem of partners and the attention of the crypto space. That is because the hard work of the Elrond team was supported by our community. The capabilities of the Elrond blockchain are constantly demonstrated on the public testnet operated by a network of enthusiast validators. It started with a small group on Riot and has reached hundreds of members. Their constant support and commitment of time, energy, and resources have helped Elrond get to where it is today. The members of the Istari Vision team have been early contributors & supporters of Elrond. They are based in Germany and are leaders in our German-speaking community. They focus on operating infrastructure at high standards of quality & availability and will leverage their contact networks to bring additional exposure to Elrond in the DACH region. We are therefore happy to announce that Istari Vision will extend their development and bootstrapping support beyond the Elrond Mainnet.“We have direct contact with the local technology & blockchain scene from our offices in Regensburg, a city located at the core of the German industrial sector, where many international automotive, energy & telco giants are located. The Istari Vision team is an important local liaison, working together with us for more than 1 year now. We are excited about driving growth in Germany with their support.” said Lucian Mincu, Elrond CIO The newly announced partnership is based on a long-standing collaboration with the founders. They have taken the lead of our German-speaking community and are currently operating one of the largest sets of Validators in Battle of Nodes.“The industrial environment in Germany is rapidly transitioning towards digitalization and Industry 4.0 practices, to stay competitive in the new global economy. There are opportunities for blockchain technology and we are happy to be Elrond’s local ambassadors, to foster adoption and participation in the ecosystem from the infrastructure level upwards.” said Wolfgang Rückerl, CEO of Istari Vision. — About Elrond. — Elrond is a new blockchain architecture, 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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy. elrond.com — About Istari Vision. — The team has more than 4 years of experience in the blockchain space, supporting important projects with both funding and infrastructure. They applied their blockchain expertise to support the ICO Market Data research platform and later on to select projects to be involved with on a long term basis. Currently, the firm is operating professional infrastructure at high standards of quality as validators in multiple networks. Istari Vision actively supports teams that continuously innovate the space is always on the lookout for the next game-changer. Istari Vision - Staking Provider — For more information, please visit us: - Official website, Telegram channel, Twitter, Elrond Github, Whitepaper, Community platform, Elrond Documentation, Elrond enters the DACH region with German infrastructure partner Istari Vision was originally published in Elrond Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Elrond listed on Binance-backed Indian Exchange WazirX

wazirx.com We’re happy to announce that our new exchange partners WazirX will list Elrond! The $ERD/$USDT pair will be live today Tuesday 30 June at 13:30 UTC. WazirX is India’s fastest growing exchange, with 600 000 users already and a member of the Binance ecosystem, which enables cool features such as “Login via Binance” option. It is a fiat on/off-ramp platform for the local INR currency and has an automated matching engine for P2P trading, putting traders into direct contact with one another.wazirx.com/ WazirX users will be able to buy, own and trade ERD on the Exchange immediately, with deposits and withdrawals to be made available after our imminent mainnet launch. — About Elrond. — Elrond is a new blockchain architecture, 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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy. The Internet Scale Blockchain — About WazirX. — Launched in 2018, WazirX is India’s fastest growing cryptocurrency exchange with almost 600,000 users. WazirX is a part of the Binance ecosystem, and available for a global audience. Key features include: Instant INR (fiat) deposit and withdrawal options, Smart Token Fund to help crypto investors find expert traders, and let them manage their cryptocurrency portfolio, World’s first auto-matching P2P engine with high liquidity, 80+ tokens, Login via Binance option, WazirX has a native utility token called WRX. WazirX and WRX are backed by Indian entrepreneurs with over 10 years of experience in building and scaling global products out of India. WazirX was acquired by Binance in November 2019. The goal of WazirX is to make crypto accessible to everyone in India. WazirX - Bitcoin Exchange for India! — For more information, please visit us: - Official website, Telegram channel, Twitter, Elrond Github, Whitepaper, Community platform, Elrond Documentation, Elrond listed on Binance-backed Indian Exchange WazirX was originally published in Elrond Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




New Staking Opportunity and Mainnet Launch Preparation

elrond.com 4th of July — mainnet date will be announced & Genesis Staking 2.0 begins, Elrond supply shifts to Bitcoin model: fixed max supply, reached in < 10 Years, New staking cap increased by 1,672,500,000 ERD, Competitive APR stays the same: 25% before mainnet, 29% Delegator, 36% Validator, 1,122,500,000 ERD additional for Delegation, 550,000,000 ERD additional for Validators: +220 nodes, Team & Private Sale investors commit to stake unlocked tokens, Since we announced the pre-staking phase at the beginning of this year, and more recently, the Genesis staking, we have seen tremendous interest from validators and delegators, wanting to be part of the transformative journey starting with the Genesis of the Elrond blockchain. The launch of the Battle of Nodes competition, where we stress-test the limits of the blockchain before the Mainnet launch, amplified the interest in Elrond’s robust technology, underscoring what it means to scale blockchain processing capacity to achieve internet performance. The interest and support from the community for both the Genesis staking and BoN exceeded our expectations, resulting in staking caps being filled rapidly. Indeed, hundreds of requests have been coming our way from people interested in an increase of the delegation cap and number validator nodes run at Genesis. Humbled by this interest and want to take a moment to say thank you for your support. After several internal discussions, we have come with a solution to help accommodate this interest, enabling even more people to be part of the Elrond Genesis launch. — Be Part of The Genesis: A Unique Opportunity - First, let’s remove any concerns regarding the two most relevant points already announced: The price per node at genesis launch will remain the same: 2 500 000 ERD., The initial announced APR also remains the same: rewards for staking before Mainnet stay at 25%. After launch, they stay at 36% for validators, and for 29% for delegators., As previously mentioned, an Auction SC will be deployed ~2–3 months after the mainnet launch, dynamically determining the optimal stake/node ratio, with the APR for staking evolving as demand for Elrond staking continues to increase. Once the auction is enabled, all staking caps will be removed, enabling anyone to stake or delegate as much as they want directly to the auction contract. Thus, to accommodate the considerable demand we have seen, we are increasing the overall staking cap with 1,672,500,000 ERD, moving from 3,750,000,000 ERD to 5,422,500 000 ERD, and from 1,500 to 2,169 nodes. The newly added sum will be split between delegators and validators as follows: 1 122 500 000 ERD will be available for delegation., And 550 000 000 ERD will be available for validators., To most efficiently accommodate this increase in the number of nodes, the network will include an additional shard at the mainnet launch, being formed of 4 shards: 1 metachain and 3 shards. The implementation of this new delegation slot for the community will be done via a second staking contract, deployed in parallel to the existing one. Each contract will have its own delegation cap and instructions, but both will facilitate the bridge to the Elrond Genesis. The increase in the number of Validator nodes will use the already deployed smart contract, and will just update the cap for the number of nodes allowed to be whitelisted. — Economics Update: The Necessity of Bootstrapping and Sustainable Growth - After an in-depth evaluation of the matter, in order to support the increase of the staking caps while still preserving the competitive rewards necessary for bootstrapping, we have come up with an update to the Elrond economics model. Note that the spirit of our original idea remains the same, but as we get closer to the launch and have a much higher resolution view of various specific details, we will be sensible to changes required, and will strive to solve the problems in the most creative ways. The most consequential chapters of the Elrond economics model are (1) the bootstrapping process meant to achieve escape velocity and gather a sufficiently large community around the Elrond network, and transition from this bootstrapping period to (2) a sustainable growth model. While a detailed map of the economics model will be presented in the updated economics paper, here is an overview of the immediately relevant changes of the model: Elrond will have a cap to the maximum total supply., The issuance rate will decrease every year, reaching zero new issuance in year 10. No other ERD will be issued after year 10., Perhaps even more important is that in Elrond’s model, an increase in fees accumulated via transactions processed, will immediately be reflected in the decrease of the issuance rate., To better underscore the built-in transition from bootstrapping to sustainable growth, here is an overview of how rewards are calculated in Elrond: A minimum guaranteed network-wide staking reward is set per year., The minimum guaranteed reward will come from (1) fees and (2) issuance., If the cumulative sum of fees during one year is higher than the minimum guaranteed staking rewards, the issuance rate becomes zero, and the distributed staking rewards will be higher than the minimum guaranteed rewards. Otherwise, total fees will just decrease the issuance by the corresponding amount., To most effectively emphasize both bootstrapping and sustainability, the maximum issuance rate per year, assuming fees are zero, will be capped as follows:, - 10.84% of the total supply in the first year. - 8.75% of the total supply in the second year. - 7.10% of the total supply in the third year. - …. - 0% in the 10th year. By using this approach, we have created the premises for a strong initial network growth via validators, and also the transition to a very robust deflationary monetary system that becomes sustainable via adoption and usage of the network. An updated calculator for validators is available here. — Commitment And Proactive Transparency - When we started Elrond, we envisioned a world where blockchains would have such a profound impact, that they would become the most important global GDP multiplier technology beyond the internet itself. To see these results and achieve the vision, we understood that we needed to build a new blockchain from scratch, that can accommodate internet-scale performance, and remove the limitations of current blockchain iterations. Thus, we gathered a team with which we can literally build rockets, who believes in this vision, and is here for the long term. One year ago, after closing the private round, we announced that the Elrond team vesting is extended to 3.5 years. To reinforce our long term commitment, our entire team agreed to reiterate its support by announcing that the next unlock will be directed to staking or delegation, further strengthening the support of the network. Furthermore, given that there will be a token unlock for the initial investors and community members on the 4th of July, we have prepared a great staking opportunity to enable an easy transition to genesis staking for all of them. Demand for staking has been very high, and several of our investors have already committed to staking their tokens for genesis. — The Road Ahead: to Mainnet And Beyond - For more than 2.5 years we’ve been working hard to reach this point. In many ways, for our team, community, and investors, the Genesis of the Elrond network marks a major achievement, delivering an elegant and sophisticated technology tool above the one we set out to build. While this will be of increasing significance for the whole blockchain space, it is actually just the beginning for the Elrond ecosystem. Years from now, we will look back at this moment, as the instrumental transition from a promising but experimental technology, to the most important technology of the decades that followed. On the 4th of July, the precise date of the mainnet launch will be announced, and the genesis staking 2.0 will begin. This is your chance to be part of the Elrond mainnet launch. Be sure to make the most of it. — About Elrond - Elrond is a new blockchain architecture, 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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy. — For more information, please visit us: - Official website, Telegram channel, Twitter, Elrond Github, Whitepaper, Community platform, Elrond Documentation, Disclaimer: Nothing in this article or elrond.com website is an offer to sell, or the solicitation of an offer to buy, any tokens. Elrond is publishing this post solely to receive feedback and comments from the public. Nothing in this post should be treated or read as a guarantee or promise of how Elrond’s business or the tokens will develop or of the utility or value of the tokens. This post and elrond.com website outlines current plans, which could change at its discretion, and the success of which will depend on many factors outside Elrond’s control, including market-based factors and factors within the data and cryptocurrency industries, among others. Tokens may lose value, including all value. Any statements about future events are based solely on Elrond’s analysis of the issues described in this post or elrond.com website. That analysis may prove to be incorrect. New Staking Opportunity and Mainnet Launch Preparation was originally published in Elrond Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Elrond to integrate with Shyft Network, the data validation and discoverability public blockchain…

Elrond to integrate with Shyft Network, the data validation and discoverability public blockchain protocol - www.shyft.network We are excited to announce our partnership with Shyft Network, a public blockchain protocol designed to aggregate and embed trust & validation into data stored on public & private ecosystems, as well as permissioned & permissionless networks. By allowing and incentivizing individuals and enterprises to work together to add context to data, Shyft Network unlocks the ability to build authentic digital reputation, identity, and credibility frameworks. The collaboration will enable Elrond accounts & smart contracts to participate in a larger ecosystem that enables attestation, consent management, identity frameworks, and adding additional context to data originating from various public or private systems. Shyft Network provides the first end-to-end decentralized solution to the FATF Travel Rule. Shyft Network’s open-source network solution enables counterparties to establish data-sharing rules and meet multi-jurisdictional requirements necessary to fulfill global compliance standards, including the FATF Travel Rule, all while adhering to GDPR and other data privacy guidelines.“The new internet technology stack we are building will significantly increase value exchange efficiency at a global level, and will be usable in manners that are compliant with national & global regulations, to enable rapid widespread adoption. Our integration with the Shyft Network protocol opens up the Elrond ecosystem for integration in highly regulated environments and complex ecosystems spanning multiple public & private data silos.” said Beniamin Mincu, Elrond CEO As an example, the evolving regulatory landscape requires both sender and recipient information to be validated in order for institutions such as crypto exchanges to remain compliant. This means a transfer of funds between Binance & Coinbase for example will soon have to be proven as being executed between compliant end-users. The Shyft Network protocol will enable exchanges to prove that their users are validated, without revealing data or breaking confidentiality. The company has already been engaged by the top 10 crypto exchanges to implement an industry-wide solution for the Financial Action Task Force travel rule, applicable to Virtual Asset Service Providers.“We’re excited to expand our protocol’s reach into Elrond’s Layer 1 protocol, which offers some innovative features like smart accounts and already has access to a major stable coin, which could further lead to interesting interoperability scenarios in DeFi & traditional financial services.” said Joseph Weinberg, Shyft Network Co-Founder As part of the agreement, the Elrond protocol will be added to Shyft Network’s Byfrost bridging infrastructure, enabling interoperability with data originating from other blockchains such as Algorand & Polkadot. The FATF Travel Rule solution for VASPs that Shyft Network is currently developing will also be deployed on Elrond. Furthermore, Shyft Network’s identity, KYC & data sharing infrastructure will be cross-deployed on our blockchain, enabling applications built on Elrond to access European and global market infrastructure for enterprises, governments, dApps, and users. — About Elrond - Elrond is a new blockchain architecture, 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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy. — About Shyft Network - Shyft Network is a public blockchain protocol designed to aggregate and embed trust and validation into data stored on public and private ecosystems, and permissioned and permissionless networks. By facilitating bridging across siloed datasets, Shyft Network allows for the layering of context on top of data, ultimately turning raw data into meaningful, discoverable information. By allowing and incentivizing individuals and enterprises to work together to add context to data, Shyft unlocks the ability to build authentic digital reputation, identity, and credibility frameworks. To learn more, visit shyft.network — For more information, please visit us: - Official website, Telegram channel, Twitter, Elrond Github, Whitepaper, Community platform, Elrond Documentation, Elrond to integrate with Shyft Network, the data validation and discoverability public blockchain… was originally published in Elrond Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Nash.io to list Elrond Assets on Fiat on-ramp, Payments & Exchange

nash.io Following mainnet launch, Elrond will be listed on the Nash exchange., ERD will be tradeable against Bitcoin and USDC., Elrond assets will be available via Nash on both web and mobile platforms., In the future, Elrond will be available to purchase via Nash Cash, Nash’s own fiat ramp solution. It will also feature as a payment option through Nash Pay., The native Elrond token will be available for trading on the Nash exchange soon after the imminent launch of its mainnet. ERD will be paired with Bitcoin and Coinbase’s stablecoin USDC. It will be available to any user of Nash’s non-custodial trading platform. Elrond commits to working closely with Nash to provide the compliance material, engineering support and liquidity required for ERD markets to be highly successful.“We are very excited that the concrete actions we took more than one year ago to collaborate with Nash are finally coming to fruition. It’s great to see the effort Nash has been investing in refining their platform and user experience. By listing Elrond on Nash after mainnet launch, we intend to significantly increase access and exposure to Elrond, and also enrich Nash’s digital currency offering,” said Beniamin Mincu, Elrond CEO. Elrond assets will also be made available via Nash on both web and mobile platforms, which offer simple, secure non-custodial wallets. Nash’s user-friendly interface will help onboard first-time cryptocurrency users into the Elrond ecosystem.“I’ve been observing and supporting the development of Elrond closely, to the point where I am convinced that its imminent release will have a significant impact on the blockchain space. Elrond presents a viable blockchain scaling alternative. Integrating ERD is straightforward, given Elrond and Nash’s adherence to new industry-wide standards like Rosetta, in addition to the robust toolset with which Elrond has committed to provide our developers. This already paves the way for making even more Nash features available for the Elrond ecosystem,” said Fabio Canesin, Nash co-founder and Chief of Business. Soon after becoming tradable on Nash’s non-custodial exchange, the ERD token should also be available via Nash’s upcoming fiat ramp solution, Nash Cash, further diversifying options for direct access. In addition, the upcoming Nash Pay product will incrementally roll out support for all liquid markets running on Nash Exchange. This will allow users to make or accept payments in listed assets running on the Elrond blockchain. The platform’s seamless currency conversion service will enable businesses to receive fiat currency directly from users paying in Elrond-based assets. This further enhances the utility of our token and assets on the Elrond network listed on Nash. — About Nash - Nash is a platform that makes it simple and safe to invest in and trade cryptocurrencies. The decentralized cryptocurrency exchange lets you hold the keys to your assets at all times — and the speed and intuitive interface compete with the best centralized trading platforms. By combining revolutionary technology with expert design, Nash is bringing cryptocurrency to everyone. — About Elrond - Elrond is a new blockchain architecture, 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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy. — For more information, please visit us: - Official website, Telegram channel, Twitter, Elrond Github, Whitepaper, Community platform, Elrond Documentation, Nash.io to list Elrond Assets on Fiat on-ramp, Payments & Exchange was originally published in Elrond Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Leading Blockchain-based Travel Booking Platform Travala.com to Integrate ERD as Payment

travala.com & travelbybit.com Mainnet $ERD will pay for flights & accommodation via Travala & TravelbyBit, Exposure to customers for 600 airlines & 2 million hotels, “Spread the world” & earn $5k in $ERD with “Elrond Amplify” via Twitter, We are excited to announce that online travel & accommodations firms Travala.com & TravelByBit will integrate Elrond into their platforms, allowing for payments to be made in native $ERD, Binance’s $BUSD stable-coin issued on Elrond blockchain, and potentially other assets issued on our network. The partnership enhances the utility of Elrond assets by enabling them to be used for purchasing hospitality services through the two partner platforms. Flights via 600 airlines and accommodation at over 2 million hotels around the globe will be purchasable with $ERD and $BUSD after the Elrond mainnet launch. Elrond will be using the business account services of both platforms for our company travel requirements.“The recent changes in travel habits put Travala.com & TravelbyBit in a very special position to offer users more convenient payment alternatives. We are very excited about this integration, which offers a great opportunity for the Elrond ecosystem, adding significant utility for the ERD currency.” said Beniamin Mincu, Elrond CEO. Leading crypto-friendly accommodation booking service Travala.com and Binance-backed flight solution TravelbyBit have recently merged to form one of the biggest online travel agencies. The joint organization stands out from its competitors by directly integrating cryptocurrency payments, loyalty programs, crypto debit cards & other advantages inherent to blockchain technology. The platforms have experienced a surge in demand even in recent times, demonstrating consumer appetite for innovative solutions and modern payment options, which will further the exposure of the Elrond ecosystem to an actively growing user base.“The overhead associated with integrating new blockchains into our platforms makes us very selective about how we expand the available options so that we do so in a meaningful way. Elrond’s technology can increase satisfaction by fast & inexpensive payments execution, which is a win for our users.” said Juan Otero, Travala.com CEO We want everyone to know about this important development for the Elrond, Travala & TravelbyBit ecosystems, so we need your help with that. You can earn from a prize pool of $5000 USD in $ERD by using our new product “Elrond Amplify” and tweeting about this exciting partnership. Use Elrond Amplify to “Spread the world” about our exciting new partnership with Travala and TravelbyBit and win $5k USD in $ERD. Link a BEP2 (don’t use exchanges!) address to your Twitter account, Follow all these 3 accounts: @travalacom @travelbybit @elrondnetwork, Tweet your thoughts and include “#travala 🌎 $ERD“, Earn 700 ERD for each Tweet with at least 3 retweets & 5 likes, 10.000 ERD for the tweet with the most engagement, 5.000 ERD for a random eligible tweet, Eligible Twitter accounts have +5 followers, All eyes on Elrond. 👉 amplify.elrond.com — About Elrond - Elrond is a new blockchain architecture, 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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy. — About Travala.com - Founded in 2017, Travala.com is the leading cryptocurrency-friendly travel booking service with 2,000,000+ properties in 230 countries and 600 airlines globally. Backed by industry-giant Binance, Travala.com is a champion of cryptocurrency adoption, accepting over 28 leading cryptocurrencies in addition to traditional payment methods. The Travala.com value proposition is bolstered by AVA. As the native cryptocurrency of the platform, AVA can be used for payments, receiving loyalty rewards, discounts and bonuses, among several other use cases. For more information visit: www.travala.com — About TravelbyBit - TravelbyBit.com is an all-in-one cryptocurrency flight solution. The online platform, founded in 2017, seamlessly connects cryptocurrency holders to 600 airlines globally. In a unique addition for cryptocurrency adoption, TravelbyBit.com enables travelers to receive rewards in bitcoin on every booking, on top of points earned from traditional airline mileage programs. For more information visit: www.travelbybit.com — About Elrond Amplify. — Elrond Amplify is a blockchain-powered digital marketing platform that automatically pays cryptocurrency for real Twitter engagements. Get in touch at contact@elrond.com to host your campaign. Powered by the Elrond blockchain. amplify.elrond.com — For more information, please visit us: - Official website, Telegram channel, Twitter, Elrond Github, Whitepaper, Community platform, Elrond Documentation, Leading Blockchain-based Travel Booking Platform Travala.com to Integrate ERD as Payment was originally published in Elrond Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Just Mining joins Elrond as Genesis Launch Partner & Staking Provider

www.just-mining.com We are excited to announce that Just Mining will operate Elrond Validator nodes to support our Genesis launch and include our blockchain into their service offerings, thus increasing our exposure to the French-speaking communities around the world. The infrastructure provider has a long history of interacting and supporting blockchain protocols ranging from Proof of Work, Masternodes and Proof of Stake. They will apply their deep expertise to operate our technology and provide their feedback & advice as part of the collaborative efforts.“It is with great pleasure that we announce this important partnership with Just Mining, which brings experience in blockchain operations, excellence in services, and exposure for our protocol to a large existing customer base, at the same time.” said Beniamin Mincu, Elrond CEO. The company was founded in 2017 by Owen “Hasheur” Simonin, whose +160.000 subscribers make him the most influential French-speaking cryptocurrency advocate. The blockchain infrastructure provider has quickly grown to be the biggest in France and has shipped 3,500 mining machines worldwide, configured more than 5,000 masternodes on behalf of its customers and exceeded $3mn in turnover.“Our passion for the new internet constantly drives us to explore the latest technologies emerging from the rapidly evolving blockchain space and support the ones we believe will make the most impact. We have found that Elrond has developed important technological innovations and is driven by an ethos we share. We are extremely excited about the opportunity to support it right from the start” said Owen Simonin, Just Mining CEO. — About Elrond - Elrond is a new blockchain architecture, 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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy. The Internet Scale Blockchain — About Just Mining - The company was created in June 2017 by Owen Simonin. He is also known in the French-speaking cryptocurrency ecosystem under the pseudonym “hasheur” since he is the most followed French-speaking influencer on the topic of cryptocurrencies with more than 100,000 subscribers. Just Mining has shipped nearly 3,500 mining machines worldwide and configured more than 5,000 masternodes on behalf of its customers, thus exceeding 3M euros in turnover. In addition, it owns one of the largest French mining farms. just-mining.com — For more information, please visit us: - Official website, Telegram channel, Twitter, Elrond Github, Whitepaper, Community platform, Elrond Documentation, Just Mining joins Elrond as Genesis Launch Partner & Staking Provider was originally published in Elrond Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Helios Staking joins Elrond as Genesis Launch Partner & Staking Provider

eliosstaking.com Elrond is ready to provide the internet with the layer of trust it needs, at the speed it requires it. Our technology attracted an important ecosystem of partners and the attention of the crypto space. That is because the hard work of the Elrond team was supported by our community. The capabilities of the Elrond blockchain are constantly demonstrated on the public testnet operated by a network of enthusiast validators. It started with a small group on Riot and has reached hundreds of members. Their constant support and commitment of time, energy, and resources have helped Elrond get to where it is today. The Helios Staking team has been a constant presence in our Validator community. They apply their skills & knowledge to support furthering the Elrond infrastructure landscape, are committed to further educating other members of the community, and help Elrond to onboard newcomers in the blockchain space. We are therefore happy to announce that Helios Staking will extend their development and bootstrapping support beyond the Elrond Mainnet.“We’re a technology-focused project, but we have gotten where we are thanks to our propensity for thinking in clear business terms about everything that we do. We recognized this similar mindset in Helios Staking, who put forward an impeccable mix of a solid business plan & SecOps procedures. It is a pleasure to work with such partners.” said Lucian Mincu, Elrond CIO While participating in the many testnet iterations, Helios Staking has witnessed how the Elrond project has grown and how committed its team is. Now they, and everyone else, have reached a point where they see a sharded architecture on a worldwide public testnet that actually works and delivers on the initial vision for this project.“We knew eventually blockchain technology could further our digital services but it’s mind-blowing that Elrond has already allowed us to do that today. The tech, team, and community are something entirely special, and not only when compared to the blockchain space. We are extremely excited and humbled to be part of their journey by providing our services and continued support.” said Kevin Lydon, CEO of Helios Staking — About Elrond - Elrond is a new blockchain architecture, 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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy. The Internet Scale Blockchain — About Helios Staking - Helios Staking is a Staking-as-a-Service provider strictly dedicated to the growth of Proof of Stake (PoS) blockchain networks. The firm is in direct collaboration with the Elrond Network as one of their chosen and trusted Genesis Launch partners. Services offered include ERD tokens delegation & guaranteed annualized returns through innovating staking products. Professional Staking-as-a-Service Provider — For more information, please visit us: - Official website, Telegram channel, Twitter, Elrond Github, Whitepaper, Community platform, Elrond Documentation, Helios Staking joins Elrond as Genesis Launch Partner & Staking Provider was originally published in Elrond Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Battle Report: 7 days, 2 major issues, 2 fixes, improved resilience

Battle of Nodes: Onchained produced two useful results after only 4 days, Anti-flood mechanism prevented consensus in high TPS — fix, Redundant validator setup caused double-signing edge-case & fork — fix, 🌎 1609 validators & 1838 nodes ⚡13.000 max TPS 🆕 6 releases in 7 days 🛠 14 improvements & 16 bug fixesexplorer.elrond.com We have created the Battle of Nodes incentivized testnet events to gain outside perspectives about how our blockchain operates in real-world conditions, understanding the usability of our tools from the perspective of the community of users, validators, and developers, and most importantly for testing its security. The previous two Battle of Nodes events have brought us several insights in the form of issue submissions and vulnerability reports which we have used to further the implementation of our protocol to meet what we envision to be the security & performance standards of an internet-scale decentralized blockchain. 7 days into Battle of Nodes: Onchained and we exceeded the 1500 active validators needed in the first version of the mainnet for two shards and the metachain, and nodes can still join and leave seamlessly. We already have gained a better understanding of running on a full-scale network, thanks to our highly diverse community which was able to unveil improvement potential for our protocol to cope with very specific situations. — Learning 1: High TPS is not flood - Our initial analysis of the number of consensus messages during a round yielded a value of 1 — for both the block proposers and validators signing it. For the proposer, the only message in a round was the proposed block. The validators would then sign and send a maximum of 1 message in each round. However, due to the specific security settings of the Metachain, whose consensus group size is equal to its number of participants, the number of consensus messages being exchanged in a high TPS environment in a very geographically dispersed environment helped us tweak our parameters to better cope with real-world environments.Battle of Nodes chain monitoring There is an edge-case found in synchronous systems, in which the current time view between peers might differ by a small amount, leading to a possible scenario when 2 messages might be received from the same peer id in one round. Also, there is a risk that one message could have been delayed so much, that it would reach the peers in the following round. For this particular reason, the maximum number of consensus messages received from the same peer id, in a round, was set to the value 2. The latest updates brought a change in the maximum number of messages in a round by the same peer id. If the proposed block becomes too large, the proposer will send 2 messages: one containing the header, and one containing the block body. Also, a new optimization was brought to the table: after the leader gets all the required signatures, a special, small-sized message is broadcast on the consensus topic containing the aggregated signature, public key bitmap, and the sealing signature to make the current, executed block is being committed before the signed-sealed header reaches the whole shard nodes. These changes got the maximum number of messages in a round to the value of 3. Since there are some situations in which an old message (from the previous round) can be received in the current round, the value is now being lifted to 4. Given this, there might be a small chance in which the current leader will be the next leader, and if it will happen that the pool will contain 0 transactions, the block will be assembled very fast, in the order of milliseconds. This “early” broadcast message might hit the edge case again, lifting even more to the maximum number of consensus messages for peers per round to the value of 5. TL;DR — our anti-flood mechanism was configured too tightly and flagged valid consensus messages as spam due to the high TPS environment in a geographically dispersed setting. As a result, we raised the peerMaxMessagesPerSec to 5 in order to avoid the consensus topic being blocked by the topic flood preventer component. — Learning 2: Redundant setups can do more harm than good - If a malicious proposer creates more than one valid block per round, by generating more aggregate signatures for the same accepted proposed block and broadcast them, it could create a situation where not all the network would receive/have the same block in the same round/moment. This situation also called (double sign) could trigger some forks with bad consequences for the network. We actually saw this happen at round 6845 on the Metachain, where the block proposer with BLS key 6d264975f8ac…1f1dda3c581 was running the same key on two different machines. As a result all shards have stopped notarizing metachain. Because of that, they were unable to sync with the rest of the network. This caused the node reshuffling function to miss delivering the newly required nodes at epoch change, and therefore not enough validators arrived to the Metachain, to keep the chain running.Detailed analysis of thespecific double-signing scenario encountered As a solution to this particular situation, we have added a protection mechanism in the ForkDetector component, which should prevent such situations. Now, if there are two blocks with the same round and the same nonce, the fork is not triggered anymore, provided that in meantime a proposed block with a higher nonce has been received. This behavior will be slashable at mainnet. TL;DR: A node operator deployed two nodes with the same key and triggered a specific double-signing scenario that caused a fork. We have addressed this by improving our ForkDetector component. — Necessary lessons from real world testing - We are convinced there are many other possible situations that can hinder the proper functioning of a blockchain. As we are deploying the first truly sharded architecture proof of stake architecture, we are the first ever to face certain specific problems, and thus the first to solve them. We are thankful to our community for their valuble contributions, and will remain vigilant for any other issues that might be discovered. Please join our Validators chat to find out more about these particular issues and to try Elrond out for yourself. Join Battle of Nodes: Onchained, be part of the journey, and help run and improve our testnet, and earn your rewards. See you on the battlefield. — For more information, please visit us: - Official website, Battle of Nodes, Twitter, Elrond Github, Whitepaper, Community platform, Elrond Documentation, Battle Report: 7 days, 2 major issues, 2 fixes, improved resilience was originally published in Elrond Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Elrond Gets Access to Privacy-preserving Smart Contracts via ARPA

rpachain.io Elrond and ARPA have entered into a partnership that will achieve interoperability between the two blockchains, giving applications which use the Elrond blockchain in their technology stack access to secure multi-party computations on ARPA. ARPA is a privacy-preserving computation network which allows multiple entities to jointly contribute different sets of data for mixed computations, without actually revealing one party’s data to the others. A trivial example is the Yao Millionaire’s problem where Alice and Bob can find out who’s richer without revealing how much money each of them has.“Achieving privacy for Elrond transactions is an important milestone in our project’s roadmap, so we are excited to see ARPA’s work on privacy-preserving multiparty computations, and the opportunities created by this partnership for the Elrond ecosystem.” said Beniamin Mincu, Elrond CEO. The secure multi-Party computation which ARPA implements in a decentralized and trustless network enables applications using Elrond’s highly scalable blockchain to have privacy features which are critical for e-health implementations, data renting, information marketplaces and fintech scenarios, just to name a few. In effect, ARPA will be latching onto the Elrond Layer 1 high-throughput blockchain as a Layer 2 privacy-preserving computation layer. Thanks to their own scalability & efficiency features, ARPA computations will not fall out of sync with our blockchain.“Only second to privacy, our goal is to build a protocol which provides value extremely fast, in tune with the limited amounts of time businesses can afford to wait if they want to stay competitive in the high-speed digital business environment. We are very happy about how the partnership with Elrond enables us to achieve that goal.” said ARPA cofounder & CEO Felix Xu. ARPA is being built by top researchers. Ph.Ds and engineers in the field, with backing from silicon valley ventures like Arrington XRP Capital — Michael Arrington himself is sitting on the board of advisors — and notable partnerships with Sinochem and JD.com. The project is currently in pre-alpha mainnet phase and integration work with Elrond will accelerate immediately after the two partners launch their respective imminent mainnets. — About ARPA - ARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership, and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies, while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using information-theoretic Message Authentication Code (MAC). ARPA | A Privacy-Preserving Computation Network — About Elrond - Elrond is a new blockchain architecture, 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 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy. The Internet Scale Blockchain — For more information, please visit us: - Official website, Telegram channel, Twitter, Elrond Github, Whitepaper, Community platform, Elrond Documentation, Elrond Gets Access to Privacy-preserving Smart Contracts via ARPA was originally published in Elrond Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




  EGLD NEWS


Elrond (EGLD) Builds Bearish Sentiment, Will Price Coil Up To 80 Instead...

    The price of Elrond (EGLD) has shown little relief bounce against Tether as it continues to range in its bearish flag pattern. Although relief bounces are shown by other cryptocurrencies across the market, with some double-digit gains, Elrond's price has struggled to crack those gains. (Data from Binance) Elrond Price Analysis On The Weekly Chart Weekly EGLD Price Chart | Source: EGLDUSDT On Tradingview.com From the chart, the price of Elrond saw its weekly bottom at $40, and the price of EGLD bounced from that region to a price of $57 on the weekly chart as the price is unable to show much strength to trend higher. EGLD weekly candle closed with a bearish sentiment, with the new week's candle looking indecisive.  The price has continued to show little or no traction; If the price of EGLD on the weekly chart maintains this structure, it could retest its low of $52 as this is the trendline support region on the weekly chart. For the price of EGLD to trend higher, it needs to break the resistance at $60 with a good volume to have a go at higher prices and double gains. Weekly resistance for the price of EGLD - $60. Weekly support for the price of EGLD - $52. Price Analysis Of EGLD On The Daily (1D) Chart Daily EGLD Price Chart | Source: EGLDUSDT On Tradingview.com The price of EGLD has found itself ranging in a bearish flag channel, trying to break out from what looks like a cage preventing the price from trending higher.  EGLD has found its price ranging between $52... read More



Elrond Network Watch: Consider This Before Filling Up Your Wallet With E...

    EGLD, Elrond Network’s native coin, was able to break free from a falling wedge pattern during an uptrend seen on August 20. According to CoinMarketCap, EGLD is up by 0.77% or trading at $53.58 as of this writing. It can be remembered that EGLD had a stirring bull run last month that has propelled the coin to a spike of 16%. However, since then, the coin has had a massive double-digit decline this August. EGLD apparently treads the same direction with major crypto Bitcoin that has experienced the extreme downswing that affected the crypto market this month. An extrication spotted at a falling wedge usually ticks a spike in price. However, is this surefire sign to go all-in for EGLD? EGLD Hints At Potential Downtrend On the daily graph, EGLD’s key indicator shows that the trading momentum is routed in such a way that dispels the belief of a potential bullish reversal. RSI for EGLD looks bleak as it is positioned at 39 or under the 50-neutral region. More so, the coin’s MFI is set at 35 hinting a downtrend. The CMF dynamic line is also at -0.09 or set under the central line (0.) which implies a disturbing plunge in terms of pressure on the price of EGLD. The downtrend is further validated by the coin’s MACD positioning which is composed mainly of red histogram bars. Since August 15, the MACD line is spotted crisscrossed with the trend line in a downturn. This strongly indicates the increase in EGLD selling pressure seen in the past couple of days. ... read More



Elrond Based Cantina Royale to Launch Free-to-Play P2E Game on iOS and A...

    [PR - Vaduz, Liechtenstein, 26th May, 2022, Chainwire] One of the first real time free-to-play and play-to-earn (P2E) shooter metaverse games on the market, Cantina Royale is the latest addition to Elrond blockchain ecosystem, where it will push the boundaries of GameFi and web3. As Elrond is a high speed, eco-friendly blockchain, the Cantina Royale team will utilize these capabilities to their full capacity. Playable like a traditional game on mobile (iOS/Android) and desktop operating systems, Cantina’s free-to-play model has been designed to eliminate friction while at the same time supporting the blockchain ethos of interoperability. Cantina Royale ensures compatibility with Apple and Google stores policy by using Verko’s payment and wallet management system. Through this turnkey solution, users will be able to purchase NFTs directly through Apple and Google in-app purchases without having to host it on their devices. When a user wins in matches, Verko's game server distributes the rewards directly to their wallets. A New Web3 Free To Play Model Cantina Royale introduces the first-ever play-to-earn blockchain gaming platform that is absolutely free to play for all users! The free-to-play feature allows players to get in on the action without having to shell out thousands of dollars to start playing. Free-to-play users have the option to create an account with no wallet requirements, hidden fees, or costs to jumpstart their adventure. They will gain access to c... read More



Elrond Partners With Anchain to Strengthen Compliance and Fraud Preventi...

    The developer of internet-scale blockchain infrastructure for Web3 payments -  Elrond Network - announced integrating with blockchain analytics platform Anchain AI to enhance compliance and prevent fraud. Elrond, a proof-of-stake protocol building infrastructure for blockchain-based digital payments, can process over 10,000 transactions per second (TPS), with 5-second latency and a meager cost.  Elrond's latest move of tapping with AI-driven cybersecurity firm Anchain has confirmed its attempts to operate in compliance with regulatory requirements. Elrond Network CEO Beniamin Mincu considers the collaboration a meaningful step into the global financial system, saying: “International financial institutions and national economies can operate and collaborate using our scalable architecture. It is therefore essential that they have access to the highest levels of compliance and fraud prevention. Anchain AI is a great enabler in this regard.” According to a release shared with CryptoPotato, through consecutive acquisitions, Elrond has expanded its portfolio to include an e-money license - a Virtual Asset Service Provider (VASP) license. In addition, the network plans to issue debit cards available to residents of the European Economic Area. As the firm steps into the payment business, compliance with regulatory bodies has become increasingly crucial to its prospect. In March, Elrond acquired the payments firm Twispay after receiving approvals from the Roma... read More



Skynet EGLD Capital Fund Raises $40 Million to Invest in the Elrond Ecos...

    The investment fund focused on growing the Elrond network – “Skynet EGLD Capital” – raised more than $40 million to further accelerate the development of the ecosystem. Financial backers were leading industry companies, including Binance Institutional, Huobi Global, Morningstar Ventures, Spark Digital Capital, and more. Top Companies Flocking to Invest in Elrond Network A document shared with CryptoPotato revealed that “Skynet EGLD Capital” secured over $40 million in a recent fundraiser, intending to employ the proceeds to boost the growth of the Elrond Network ecosystem. The investment was led by top venture capital firms such as Spark Digital Capital, Woodstock, Morningstar Ventures, and Verko. Leading cryptocurrency companies like Binance Institutional, KuCoin, Huobi Group, and Bitmart also joined the funding round. The $40+ million funds were raised in less than 14 days. Some of the proceeds have already been deployed in different Elrond projects such as Itheum and Maiar Exchange products. Jordy Fiene – Founding Partner at “Skynet ELGD Capital” – said his entity had been a “strong supporter” of Elrond and its technology. “The network is rapidly maturing, and new waves of builders are joining the ecosystem at an unprecedented pace. This is the perfect time to double down on our commitment and support Elrond’s journey,” the executive added. Beniamin Mincu – Elrond Network Co-Fou... read More



Itheum Lands Investment from Elrond Foundation, Mechanism Capital as it ...

    [PRESS RELEASE - Dubai, Dubai, 17th March 2022] Itheum is pleased to announce an investment from Elrond, Mechanism Capital, and other crucial investors in the crypto and blockchain space. The funding extends the earlier $1.5 million round funded by Morningstar Ventures which incubated Itheum via their Elrond Dubai Incubator. Itheum continues to turn heads in the cryptocurrency and blockchain world. The data brokerage project for Web3 development has secured additional funding from numerous prominent VCs and investors. Itheum raised The extra funding notes participation from the Elrond Foundation, Mechanism Capital, Ascensive Assets, Woodstock, Skynet EGLD Capital, ZBS Capital, MHC Digital Finance, and Spark Digital Finance. Thanks to this extra financial injection, Itheum has now raised $4 million in capital, enabling the team to push the boundaries of how personal data can be owned and traded in the Metaverse. The new investments mark another significant milestone for the Itheum team. Additionally, Itheum recently partnered with Elrond to become part of its ecosystem through the Maiar Launchpad, bringing its service to more users and developers. Mark Paul, Founder of Itheum comments on the news: It's been an exciting few months for Itheum, with our web3 data technology establishing a unique value proposition for a decentralized, open metaverse. In a time when the world is concerned about data centralization and data exploitation, Itheum provides a much-needed opportunity for... read More



Elrond Network To Acquire e-Money License in Romania

    Popular blockchain project, Elrond Network received a green light from the National Bank of Romania to acquire the payments firm Twispay. By implementing Twispay's e-money license, Elrond plans to issue stablecoins in the European Union (EU). According to the official press release shared with CryptoPotato, Elrond aims to revamp the utility electronic money or e-money and integrate blockchain technology. With Twispay under its hood, Elrond will be able to operate within the entire EEA - European Union, Iceland, Liechtenstein, and Norway - under the passporting rules. The announcement also revealed that Twispay is a principal member of Visa and Mastercard. Beniamin Mincu from Elrond Network commented: 'This landmark decision from the Romanian Central Bank opens the door for EU citizens, and soon for everyone everywhere, to significantly benefit from value flowing with near-instant settlement times, at 100x fewer costs, with full transparency, and higher reliability.' In addition to the issuance of e-money, the team will also be able to offer payments services under the second Payment Services Directive (PSD2). Under the EU Commission's proposed European Regulation on Markets in Crypto-assets, the blockchain platform is also entitled to issue stablecoins that can be offered to the public in the EU region in a legal and compliant way. Besides new stablecoins, Elrond explained that other important use-cases such as - crypto-enabled debit cards, as well as benefits of decentral... read More



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