Maltese-Romanian blockchain scaleup Elrond achieves unicorn status

Elrond, a Malta-founded (in 2017) and Romania-based blockchain scaleup, has announced that it’s surpassed a market valuation of 1 billion US dollars in just under 3 years.

According to company corporate information, Elrond is complementary to Bitcoin and Ethereum. “I believe Bitcoin will continue to exist, and will likely be a multi trillion dollar asset. Ethereum will continue to exist, and will also reach a multi trillion dollar status. Both deserve serious credit for their contributions. Taking things one step further, I believe Elrond will be the wave that will lift all boats, taking this massive opportunity from a niche group of people, and extending it to everyone in the world,” says the company’s CEO, Beniamin Mincu. He also says: “Our technology and dev tools are ready. Our partners are racing to build interesting and creative products. Our community is pouring their lives into spreading the exciting news about Elrond. What has been set in motion is remarkable. With Maiar being launched on January 31st, our growth is about to reach a new level.”

The company’s blog states: What Bitcoin was to the Cypherpunks, and Ethereum to developers, Elrond will be to the simple internet user. With only 50-100 million people in the blockchain space, Elrond will open the flood gates to create a new market.

Elrond is a platform built for internet scale and processes 15.000 transactions per second at $0.001 per transaction, and able to scale to hundreds of thousands with demand.

Maiar is the intuitive application that will simplify and unveil the opportunities of decentralized finance to the entire world. We will start with the first billion, but will not stop anytime soon. The world needs a new high bandwidth financial system and universal access to it. And we are here to help create it.