фото показано с : invezz.com

Copper.co, a leading provider of digital asset infrastructure and trading solutions, has integrated Elrond (EGLD/USD) Network’s internet-scale blockchain protocol to provide custody services for assets issued on the Elrond blockchain as well as the Elrond token, EGLD, Invezz learned from a press release. This is the network’s native settlement and utility token with limited supply. It’s used for the issuance of tokenized assets and non-fungible tokens (NFTs), transaction fees, DeFi products, and staking on the Elrond consensus layer.

To ensure thousand-fold increase of execution speed, Elrond introduces a Secure Proof of Stake (PoS) algorithm and an innovative Adaptive State Sharding mechanism. These enable it to process more than 15,000 transactions per second (TPS) with negligible cost and latency.

Beniamin Mincu, Elrond Network CEO, said:

“Best in class digital asset custody services are essential for making the rapidly expanding Elrond ecosystem accessible to more institutional actors, markets, and geographies. With Copper as a robust custodian for assets on the Elrond Network, a new growth chapter is ready to begin for the internet-scale blockchain.” 

Copper’s custody solution, which has won multiple awards, uses the security of Multi-Party Computation technology. Their technology and services are used by more than 300 institutional asset managers and have been tested on 250 digital assets. ClearLoop, a framework that connects exchanges in one secure trading loop with settlement in real time, builds the basis of Copper’s infrastructure. Since its launch in May of last year, it has transformed how investors interact in the crypto asset space.

Alex Ryvkin, Chief Product Officer, Copper.co, said:

“By expanding our portfolio of integrated technologies to include the highly innovative and carbon-negative Elrond Network, we reaffirm our commitment towards our customers to enable safe, secure, and transparent access and control over the most innovative and sustainable digital assets.”

The partnership between Elrond and Copper is aimed at creating the opportunity for exchanges, fund managers, institutional players, trading avenues, and other market players to get compliant, secure, and safe access to the impressive capacity of Elrond Network blockchain technology.  

The post Copper.co integrates Elrond technology to provide custody services for the EGLD digital currency appeared first on Invezz.

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