Elrond (ERD) is an enterprise-grade, highly-scalable, blockchain protocol that utilizes the Secure-Proof-of-Stake (SPoS) consensus algorithm. After having successfully completed its initial exchange offer (IEO) through Binance Launchpad, Elrond has emerged as one of the most promising projects that seek to address some of the major pain points of all blockchain projects, such as scalability, interoperability, and high-throughput, among others.