June 17, 2021 – Valletta, Malta
Elrond Network, the developers of the eponymous internet-scale blockchain protocol, today announced the full integration of Bitcoin into their non-custodial digital wallet app Maiar .
With deep care for the user, elegant design and an intuitive interface, Maiar enables any phone user to get a working non-custodial blockchain wallet in seconds.
Its intuitive simplicity allows everyone to store, earn and pay with cryptocurrencies using @herotags – unique usernames that obviate the need to use complex address strings like ‘1HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1’ and instead use something like ‘@satoshi.’
Beniamin Mincu, CEO of Elrond Network, said,
“Bitcoin has carved a path for highly secure cryptocurrencies with strong store of value properties to become accepted in traditional finance, irrevocably establishing the digital asset class. Its addition to Maiar will accelerate the adoption of our money app and the underlying Elrond blockchain infrastructure.”
Existing Maiar users will have the pleasure of discovering that they have always had a Bitcoin address attached to their @herotag. It has been part of the onboarding process. When a newly created Elrond Network smart account gets a @herotag, they get an eGold address, and BTC, ETH and BNB addresses as well.
The Bitcoin integration is the latest evolution of the money app Maiar, whose rapid global adoption has accelerated beyond the 400,000-user mark in just four months since debuting in the top app marketplaces globally. It is available on iOS and Android phones in six languages including English, Spanish, French, German, Romanian and Indonesian.
Elrond is the internet-scale blockchain, designed from scratch to bring a thousandfold 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 six-second latency and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Dan Voicu at Elrond
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