BitMart Officially Integrates with Elrond Blockchain
BitMart, a premier global digital asset trading platform, is pleased to announce official integration with the Elrond Blockchain and its native token EGLD listed on BitMart’s exchange on May 11, 2022.
Elrond is a highly scalable, fast, and secure blockchain platform for distributed apps, enterprise use cases, and the new internet economy with a focus on offering secure proof of stake, adaptive shade shading, and a proprietary Virtual Machine known as ElrondVM, which is a dedicated smart contract execution engine built on WASM. It expands the family of languages available to smart contract developers to include Rust, C/C++, C#, and Typescript.
“Partnerships like this one with Elrond continue to prove why BitMart is one of the leading exchanges in the space,” BitMart founder and CEO Sheldon Xia said. “Creating opportunities for not only great projects like Elrond, but showcasing new utilities and opportunities for our nine million users is the backbone of our business, and we can’t wait to see what this opportunity brings.”
The partnership between Elrond and BitMart comes after a recent $40 million fundraising effort led by Skynet EGLD Capital, featuring backers from across the financial landscape, including Binance Institutional, Huobi Global, Morningstar Ventures, and Spark Digital Capital, among others in the space.
“Thanks to its soaring popularity and deep liquidity, BitMart will open exciting opportunities for expanding the Elrond ecosystem and creating new avenues for projects building with internet-scale technology to accelerate their paths towards global adoption,” said Daniel Serb, Head of Business Development at Elrond Network.
About BitMart
BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, we currently offer 1,000+ trading pairs with one of the lowest trading fees in the industry. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit our website, follow our Twitter, or join our Telegram for updates, news, and promotions. Be sure to download the BitMart App to easily trade your favorite crypto anytime, anywhere.
About Elrond
Elrond is the internet-scale blockchain 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 15,000 transactions per second (TPS), with 6-second latency and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
