Software Alternatives, Accelerators & Startups

OroPocket VS Elrond

Compare OroPocket VS Elrond and see what are their differences

OroPocket logo OroPocket

Buy, Sell, & Pay with Digital Assets Instantly.

Elrond logo Elrond

Elrond is a scalable blockchain and smart contract platform that enables high-throughput applications to be built and used for a variety of commercial applications.
  • OroPocket Landing page
    Landing page //
    2022-11-13

We have launched a new platform for digital assets i.e Oropocket OroPocket enables you to buy, sell and pay with Digital Assets instantly. We are currently offering precious metals and cryptocurrencies on it.

Our initial target market is international remittance since this would save up to 700% in transfer cost, and it completely instant.

We are working on recording all transactions on the blockchain - for this, we are running some experiments(would love your take). We are trying on Ethereum network, sidechains, and private chain. Obviously, the latter is the worst, as it is not decentralized then.

  • Elrond Landing page
    Landing page //
    2023-08-19

Elrond

Website
elrond.com
$ Details
Release Date
2018 January
Startup details
Country
Romania
State
Sibiu
City
Sibiu
Founder(s)
Beniamin Mincu
Employees
10 - 19

OroPocket features and specs

No features have been listed yet.

Elrond features and specs

  • High Throughput
    Elrond's Adaptive State Sharding technology allows for high transaction throughput, processing thousands of transactions per second.
  • Scalability
    The network is designed to scale efficiently with a large number of nodes, allowing for increased capacity and performance as it grows.
  • Low Latency
    Due to its efficient consensus mechanism, Elrond can achieve low latency in transaction processing, making it fast for users.
  • Secure
    Elrond employs the Secure Proof of Stake (SPoS) consensus mechanism, which enhances security by reducing the chance of centralized attack vectors and minimizing risks associated with traditional PoS.
  • Developer-friendly
    Supports multiple programming languages and provides comprehensive development tools and documentation, making it easier for developers to build on the platform.
  • Interoperability
    Elrond aims to be interoperable with other blockchains, enhancing its utility and integration with the broader blockchain ecosystem.

Possible disadvantages of Elrond

  • Relative Newness
    Being a relatively new platform, Elrond may face challenges in achieving widespread adoption and trust among developers and users.
  • Market Competition
    Elrond faces competition from other established blockchain platforms like Ethereum and Polkadot, which may challenge its ability to secure a significant market share.
  • Complexity of Technology
    The sophisticated technologies it uses, such as Adaptive State Sharding, can be complex, posing potential learning curves for developers and stakeholders.
  • Regulatory Risks
    As with all blockchain and crypto projects, Elrond's operations might be influenced by future changes in regulatory environments globally.
  • EGLD Volatility
    The native cryptocurrency, EGLD, can experience price volatility, impacting its utility as a stable medium of exchange.

OroPocket videos

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Elrond videos

Elrond: Next BEST Smart Contract Blockchain?? 💍

More videos:

  • Review - What is Elrond? EGLD Coin & Should You BUY It?
  • Review - ELROND REVIEW // Should it be in your portfolio?

Category Popularity

0-100% (relative to OroPocket and Elrond)
Finance
26 26%
74% 74
Development
19 19%
81% 81
Alternative Investment
100 100%
0% 0
Maps
20 20%
80% 80

User comments

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Social recommendations and mentions

Based on our record, Elrond should be more popular than OroPocket. It has been mentiond 17 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

OroPocket mentions (2)

  • REDDIT MEME CHALLENGE!
    This week we have a meme challenge 📷 Participate and join us on our voyage at OroPocket! Simply join us by posting a meme and earn a surprise on 20th Sept 2021! Invest in Gold & Silver. Save, Grow & Spend it - Anytime, Anywhere. Source: over 3 years ago
  • Macho seems to have found bottom, could be decent.
    ORO is solid, indeed, they offer tokenized commodities such as gold & silver, check it out here. And the Unifarm staking program that Accomplished was talking about is here. Enjoy dude! Source: almost 4 years ago

Elrond mentions (17)

  • Blockchains: Ethereum vs Solana vs Avalanche vs MultiversX (Elrond). What are the differences?
    With the introduction of new and advanced blockchain platforms in the Web 3.0 scene, the narrative around Ethereum has slowly shifted towards its younger “Ethereum Alternatives”. Solana, Avalanche, and MultiversX (former Elrond) are some of the crypto blockchains that are given this terminology, as they share similar features but are comparatively cheaper and better than Ethereum. - Source: dev.to / over 2 years ago
  • Proof of Work vs. Proof of Stake By Disruptive Digital
    If you want to get acquainted with another Proof of Stake blockchain, consider MultiversX (previous Elrond Network, maybe it’s still more familiar to you). Since the announcement at X Day, we’re calling it MultiversX). It has operated on a Secure Proof of Stake mechanism since the Mainnet Launch (July 2020) and it’s a highly scalable, fast, and secure blockchain. Moreover, it has negative carbon emissions and can... Source: over 2 years ago
  • What is a Blockchain Wallet? All you Need to Know
    Elrond: A simple and secure crypto wallet which transfers and stores Elrond tokens to interact with Elrond dApps. Exodus: The best blockchain wallet for desktop users Trezor: A cold wallet that works best for people who value security Coinbase Wallet: A hot wallet with advanced charting facilities Ledger: Another cold wallet that also offers Bluetooth facilities Huobi Pro: The most comprehensive hot... - Source: dev.to / over 2 years ago
  • Web 2.0 to Web 3.0 - 9,999 Utility NFTs Sold Out in 60 minutes for our UI/UX Tools
    Elrond is a blockchain-based platform that allows users to create and develop decentralized applications and cryptocurrencies; specifically designed to be secure, efficient, scalable and interoperable. Elrond's vision is to solve the limitations and challenges of the current blockchain and build a blockchain that reaches internet-scale performance and radically simplifies UX. - Source: dev.to / over 2 years ago
  • Web 2.0 to Web 3.0 - 9,999 Utility NFTs Sold Out in 60 minutes for our UI/UX Tools by Creative Tim
    NF-Tim is the NFTs utility project for Developers, Designers, Creators, and NFTs fans based on Elrond. If you are not common with this topic, then let me tell you a little about what NFTs mean. NFTs are unique, non-fungible tokens, based on blockchain technology that represents real-world objects like art, music, and videos and can be traded, used as an investment, collected, or used for their utility. Source: over 2 years ago
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What are some alternatives?

When comparing OroPocket and Elrond, you can also consider the following products

Hedera Hashgraph - A superior consensus algorithm.

Meter - Meter is a decentralized and high-performance-based infrastructure that allows for the development of blockchain applications.

Avalanche - Avalanche was founded at MIT with the mission to create a high scalability blockchain platform that has been used by developers around the globe to create new applications that are based and run by cryptocurrency.

Karura - Karura is creating high scalability in blockchain technology which is based on layer 1.

Acala - Acala is a blockchain protocol for next-generation applications which is based on a decentralized finance network and liquidity hub of Polkadot and is showing high compatibility for Ethereum.

OKEx DeFi Hub - OKEx DeFi Hub is a decentralized blockchain technology that comes with the most modular way to create, trade, and manage your Defi portfolio from one centralized place.