Main navigation

Bitcoin Appears on Elrond Network's Maiar App

Thu, 06/17/2021 - 16:10
article image
Antony Koroid
The largest cryptocurrency is now available in the company’s non-custodial wallet
Bitcoin Appears on Elrond Network's Maiar App
Cover image via U.Today
Read U.TODAY on
Google News

Elrond Network, the developer of the Elrond blockchain protocol, launched Bitcoin in its own Maiar financial application.

According to Elrond Network CEO Beniamin Mincu, adding Bitcoin to Maiar will accelerate the adoption of money app and the underlying Elrond blockchain infrastructure.

Maiar allows getting a fully operational non-custodial blockchain wallet on any smartphone in a few clicks.

The key advantage of Maiar is the absence of the need for the use of complex address lines like 1HLOD9E4SDFFPDYFNYNKBLQ85Y51J3ZB1. It replaces them with clear and easy-to-remember nicknames, which Elrond calls 'herotags'.

In just four months, 400,000 users have used the Maiar app. It is available on iOS and Android in six languages (English, Spanish, French, German, Romanian, and Indonesian).

The Elrond blockchain

Elrond is a unique blockchain that uses the "Adaptive State Sharding" mechanism and the Secure Proof-of-Stake (PoS) consensus algorithm, which provides linear scalability. Elrond can process more than 15,000 transactions per second (TPS) with a 6-second delay and low cost.

article image
About the author

The journalist with 10 years of experience in print and digital media. Last 2 years deeply immersed into the cryptocurrency & blockchain technology area.