Hello steemers
In the present day we all need our fund transfers with in seconds In India we have IMPS and UPI Please comment what type of Transactions we have in different countries
Imagine sending money from one country A to another country B via banks. Usually, it would take around 2–3 days, more the customers have to bear excessive transaction costs . We have to explain the bankers why we are sending funds with legal documents, In order to help such cases we have blockchain !
With bank we can get our transaction in banking hours only but in blockchain it can be done 24/7
The early coins like BTC and ETH are bad at TPS they are as slow as our shit Banks , Paypal and other epayments system
1ELROND ( The ZIL killer )
The new technology in the city is ELROND its not the fastest but how much can we expect from new baby !!!!
Elrond describes itself as a scalable value transfer protocol for the digital economy. Elrond (ERD) is a cryptocurrency token and operates on the Binance Coin platform. Elrond eliminates both energy and computational waste from PoW algorithms by implementing a SPoS consensus while using transaction processing parallelism through sharding.60k tps
*with minimal latency and negligible fees
Check out Elrond Telegram community
Groups:
German (https://t.me/ElrondNetwork_de)
Romanian (https://t.me/ElrondNetwork_ro)
中文 (https://t.me/ElrondNetwork_cn)
Русский (https://t.me/ElrondNetwork_ru)
🇻🇳 Việt Nam (https://ElrondNetwork_vn) Indonesia https://t.me/ElrondNetwork_ID
🇹🇷 Turkish (https://t.me/ElrondNetwork_tu)
🇳🇱🇧🇪 Benelux (https://ElrondNetworkBenelux)
🇮🇳 Indian (https://t.me/ElrondNetwork_in)
🇵🇭 Filipino (https://t.me/ElrondNetwork_ph)
🇧🇷 Brazilian (https://t.me/ElrondNetwork_br)
ERD is not the one who has high TPS & its not a world record
ERD has surpassed EOS & NEO in number or TPS(Transaction Per Second)!