Maiar app and Elrond blockchain

Maiar is a user-friendly crypto wallet for the Elrond blockchain native token – the eGLD or eGold. Also, the eGold cryptocurrency has huge potential to reach and let the “moon” behind. The Maiar app was released by the Elrond blockchain, and it is an Elrond wallet for mobile devices. With the Maiar app, you can, buy, send, and gain rewards from staking eGLD cryptocurrency. Start using Maiar with the CryptoFiveo referral link or code, and get free $10 in eGold when purchasing crypto via the app.

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Elrond and Maiar app video review

Table of Contents

Elrond blockchain

I am very thrilled about Elrond, and so are many friends of mine who started using Maiar and eGLD cryptocurrency. The Elrond company is the next big player in the cryptocurrency and blockchain world. Elrond developed a next-level blockchain with almost instant transactions and fees that go to a low amount that practically has no significant value.

To understand better how fast it is, Elrond’s blockchain transactions per second (TPS) start from 10000 TPS. I said start because Elrond is highly scalable and capable of many more. For example, while it was in the test-net, the Elrond blockchain achieved 263.000 transactions/sec.

Elrond is a Proof of Stake consensus blockchain. More specifically, Elrond introduced a more improved Proof of Stake consensus called Secured Proof of Stake (SPoS). As a result, the Elrond blockchain ensures security for an extended time, and it was developed to resist known security difficulties. For example, Sybil attack, Rogue-key attack, Nothing at Stake attack, and others.

Who is behind Elrond?

Elrond is a Romanian-based blockchain company that started in 2017. Maybe that’s why I am so thrilled about it. I am also from Romania!

The development of Elrond was started by three young Romanian blockchain enthusiasts, which you can meet on the official website, being very professional and transparent with their work. Also, regarding transparency, the Elrond blockchain is an open-source protocol, and the documentation and whitepaper can be found also on the Maiar website.

The beginning idea of Elrond was to create a public blockchain that is entirely decentralized and extremely scalable to achieve the transactions per second (TPS) of the centralized financial third-parties. Also, to have strong security and to be highly efficient, performing with the smallest possible energy.

Like the Ethereum blockchain, on the Elrond network, users can create and deploy smart contracts. And also interact with the smart contracts via Dapps – Decentralized applications.

I think that Elrond company achieved something very important in blockchain technology. For example, high security, environmentally friendly, extremely fast, and with almost zero fees. Elrond is a name to take into attention when it comes to blockchain technology.

Maiar

As I said at the beginning, Maiar is a user-friendly mobile crypto-wallet, for eGLD cryptocurrency that everybody can use, which makes it perfect for a cryptocurrency beginner. Also, Maiar supports Binance Coin – BNB and Ethereum – ETH, which you can buy directly from Maiar. In the future, the Elrond company intends to add more supported cryptocurrencies to the Maiar portfolio.

You can register on the Maiar app, only using your phone number. Also, send crypto-assets to mobile phone numbers or directly to your phone contacts, a feature that is called Social Payments. Don’t worry, because the Maiar app only stores your phone number and phone contacts locally. As a result, your phone number and your phone contacts, are protected, and your private data will never leave your mobile device.

Your mobile phone number will be linked to the Maiar app. As a result, the cryptocurrency transactions will be as simple as sending a text message. Therefore, simplified cryptocurrency transactions.

But wait, there is more about simplified transactions. This Elrond wallet brings a feature that is called is a hero tag. Once you claim your hero tag, everybody can send you cryptocurrency, only defining your hero tag, and no other long crypto address is necessary.

Start using Maiar with my referral code or link, and once you buy eGld valued at $200 or higher, you will get free $10 in eGld.

Get free $10 in eGold when using Maiar — Get free $10 in eGLD when using Maiar app

Maiar security

Maiar is a non-custodial crypto-wallet, meaning that only you can manage your funds from your Maiar wallet. As a result, your private keys your cryptocurrency.

Maiar has a progressive security feature, meaning that the more you use the app or the bigger the number of funds you have stored, additional advanced layers of security will be triggered.

To achieve the highest security feature, you will need to set up a passphrase, which is the crypto wallet private key. Safely store your passphrase in an offline environment (recommended), that in the case of mobile theft or you just lose your device, using the passphrase, you will be able to restore your Maiar wallet and your crypto-assets.

Also, to easily and fast login into Maiar app, you can set up your fingerprint to do so.

Staking eGold cryptocurrency

Users of Elrond coin (eGold) can start and stake eGld cryptocurrency, but because of the latest high demand in staking eGLD crypto, there are two steps in staking on Elrond blockchain. Firstly, it will be a waiting list, where users can earn approximately 6% annual interest in eGold. Secondly, once users passed the first step, the interest rate will be around 20% per year, also in eGld.

For now, the staking process of eGold can only be done as a validator or to delegate your eGold cryptocurrency. Be informed that, the staking process in the desktop Elrond wallet, requires a minimum amount of 10,25 eGold cryptocurrency, to begin with.

The staking process of eGold tokens can be done through the Elrond wallet, or with the latest update, also in the Maiar app. On the Maiar app, the minimum staking amount starts from 1 eGold, and users can withdraw from staking any amount they want. But keep in mind that there can not be less than 1 eGold in staking.

Once you set up your Elrond wallet or the Maiar app, you can easily start to delegate your eGold tokens. Also, make sure to safely store your private keys and your passphrase.

The percentage of the annual interest is at the time of writing this article. Also, the interest rates can change at any time. Therefore, as I always recommend, everybody should do their research before investing in any cryptocurrency.

Maiar app referral program

A way of earning with this mobile Elrond wallet is the referral option. It is a win-win situation because once you refer somebody, you will give him $10 for free when buying an eGold amount equal to $200 or higher. Also, by doing so, you will be rewarded with some amount of the transaction fees which your referral will generate by buying eGld or other crypto-asset supported by Maiar.

Start using Maiar with my referral code or link, and once you buy eGld valued at $200 or higher, you will get free $10 in eGld.

Get free $10 in eGLD when using Maiar - the Elrond wallet — Get free $10 in eGLD when using Maiar – the Elrond wallet

Where to trade eGold cryptocurrency

The first option to only buy and safely store eGold tokens is the Maiar app. Also, if you want to buy, sell, trade eGold crypto coins, here are the most important crypto exchanges for you to do so:

See here full exchanges list and details about eGold crypto.

Conclusion

Elrond network brings great innovations to blockchain technology, and this is only at its inception.

Their ecosystem native token, the eGold cryptocurrency, I think has really huge potential to achieve a greater value.

Their mobile app, Maiar, it’s an easy-to-use mobile crypto app, which makes it perfect for everybody, even a cryptocurrency beginner with zero knowledge about this technology. And even more, cryptocurrency transactions are very simplified, almost instant, and made with very low fees.

For some time I use Maiar and eGold cryptocurrency and works well for me. Being at the inception of the Elrond blockchain, I think we will have a mass adoption worldwide of their token. Also, in my country, I see every day that people become more and more interested in Elrond and start using eGold cryptocurrency and Maiar.

More to say, even on the people that I didn’t expect to have interest in cryptocurrency, they start using Maiar, this easy-to-use Elrond wallet.

I am very passionate about cryptocurrency and this makes me pretty happy.

Start using Maiar with my referral code or link, and once you buy eGld valued at $200 or higher, you will get free $10 in eGld.

get free $10 in egld

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Cryptofiveo disclaimer

This Elrond crypto wallet review is intended for informational purposes only. Therefore, the views expressed in this document are not, and should not, be construed as investment advice or recommendations. Readers of this document should do their own research, taking into account their specific financial circumstances. Also, the investment objectives and risk tolerance before investing. This document is not an offer, nor the solicitation of an offer, to invest, buy or sell any of the assets mentioned herein.

Affiliate links

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