Coin98 Wallet has partnered with Elrond, a scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy, expanding the implementation of DeFi in the real world.
The collaboration will add Elrond to the large family of 22+ blockchains already integrated on Coin98 Wallet. This said, Coin98 Wallet will support EGLD, Elrond’s native token, as well as all DApps built on this blockchain on both our Mobile App and Extension version in the near future.
Elrond will help to expand our DeFi gateway to the digital economy with its improvements in blockchain speed, scale & cost. Moreover, as Coin98 Wallet is constantly building the ultimate version X, users will be able to access faster transactions with optimized fees, improving their experience with DeFi once version X is released this June.
“Elrond have proved themselves as an innovative team with a great vision through their line of work. This partnership can unlock numerous opportunities for Coin98 Wallet and Elrond to fulfill our vision of connecting DeFi to the real world, making the open economy accessible to anyone in the world. We’re excited about what this partnership could potentially bring to our 280,000+ users in the foreseeable future!” - Vinh The Nguyen, Co-Founder & CEO of Coin98 Finance
“We accelerate the proliferation of Elrond technology by engaging strategic rapid growth markets. Coin98 is an established leader in Vietnam and South-East Asia, and our collaboration will enable more people to tap into financial opportunities at an internet-scale.” - Beniamin Mincu, CEO of Elrond Network
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.
About Coin98 Wallet
Coin98 Wallet is a non-custodial wallet used to store, manage, trade, swap multi-chain, multi-source digital assets. It supports the most popular chains, including BTC, ETH, TOMO, Tron, Binance Smart Chain, Solana, Polkadot, Kusama, Huobi ECO Chain, Near, Avalanche, Binance Chain, Celo, Band, Kava, Cosmos, Thor, Fantom, Polygon, Persistence, Elrond, Harmony... Coin98 Wallet has both the Mobile App and the Extension version that act as a gateway, connecting users to the DeFi world.