Elrond uses the improved variation of Proof of Stake (PoS) that not only ensures long term security but eliminates both energy and computational waste from PoW algorithms.
Mining new Elrond tokens
Mining involves validating cryptocurrency transactions on a blockchain network and adding them to a distributed ledger, in exchange, miners are rewarded with newly minted tokens which they can choose to hold, sell or trade, thus increasing Elrond circulating supply of the asset.
Can Elrond be Mined?
Mining Elrond - Is there another way?