Elrond is a blockchain network aimed at resolving the issues of scalability, energy usage, and computational waste that plague many other legacy blockchain networks. Elrond uses something called a Secure Proof of Stake (SPoS) consensus mechanism which, as the name implies, puts a strong focus on security. Elrond's network is specifically designed to resist security issues like Rogue-key attacks, Sybil attacks, and more. EGLD is the native token of the Elrond network and is meant to be an abbreviation for eGold, a metaphor for what Elrond aims to become.
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