$EGLD refers to Elrond, a blockchain platform that aims to offer fast transactions, high throughput, and low transaction fees. It uses a sharded architecture combined with a secure proof-of-stake (PoS) consensus mechanism to achieve scalability and efficiency.
Elrond's native cryptocurrency is called EGLD, which is used for various purposes within the Elrond network, including transaction fees, staking, and governance.
As of my last update in January 2022,
here is an overview of the $EGLD roadmap.
Please note that specific details and timelines may have evolved since then, so checking the latest updates from Elrond's official sources is advisable for the most current information.
### Elrond Roadmap Overview:
1. Phase 1: Genesis (Completed)
- Launched mainnet with basic features.
- Introduced staking and delegation.
- Implemented adaptive state sharding.
2. Phase 2: Expansion (Completed)
- Focus on decentralization and security enhancements.
- Introduced improvements in network architecture and protocol.
- Enhanced validator tools and features.
3. Phase 3: Evolution (Ongoing)
- Maiar Launch: Launched the Maiar wallet and ecosystem, aiming for mass adoption and usability.
- DeFi Infrastructure: Built decentralized finance (DeFi) capabilities including liquidity pools, decentralized exchanges (DEX), and more.
- Elrond NFTs: Introduced non-fungible tokens (NFTs) on the Elrond blockchain.
- Cross-Chain Interoperability: Work on integrating with other blockchain networks for interoperability.
- Smart Contracts: Focus on enhancing smart contract capabilities and developer tools.
- Elrond App Store: Introduced an app store for decentralized applications (dApps).
4. Future Phases and Developments (Beyond Phase 3):
- Scalability Improvements: Continued work on enhancing network scalability through innovations like secure proof-of-stake (PoS) and adaptive state sharding.
- Governance and Community: Enhancing community governance mechanisms and participation.
- Enterprise Adoption: Increasing partnerships and use cases in enterprise and institutional settings.
- Global Payments: Expanding use cases for global payments and remittances.
- Further Ecosystem Growth: Continuously expanding the Elrond ecosystem with new applications and integrations.
### Recent Updates (2024):
- Elrond continues to focus on expanding its ecosystem through partnerships, developer integrations, and the growth of its DeFi and NFT offerings.
- The Maiar ecosystem, including the Maiar Exchange and other services, is actively being developed to provide a seamless user experience for both crypto enthusiasts and mainstream users.
For the latest roadmap updates and specific details on ongoing developments, visiting Elrond's official website or following their official announcements would provide the most accurate information.
