Romanians believe their quality of life has declined since the communist era. This is the unexpected outcome of a survey conducted by the INSCOP research institution.
The findings were released one month before the symbolic „Romanian Revolution” anniversary of December 1989.
57% of Romanians feel their quality of life has declined since the communist era
The research is a component of the „Romania Agenda 2050” initiative, which aims to provide a comprehensive picture of the nation’s future course. Universities, other thinking groups, and research organizations are some of the project’s collaborators, including Bucharest University and „Babes Bolyai” University of Cluj.
What’s more alarming is that the poll, done in May–June and September–October at two distinct times, reveals that Romanians believe the country’s condition is worsening. Only 54% of those surveyed in May believed that conditions were better under communism than they were now, however, by September, this percentage had risen to 57%.
Currently, 57% of the populace believes that the nation is worse off than before the so-called „Romanian Revolution” of 1989, when Nicolae Ceausescu, the Secretary General of the Romanian Communist Party, was detained and murdered.
Romania appeared different 33 years after that incident, but Romanians had bigger aspirations than that.
”Those of the mature generation are disappointed by the gap between their expectations in 1989 and what has happened. On the other hand, there are young people who don’t know much about what was before 1989, about what society was like. For example, no one thinks that almost everything was deprived from Romanians in 1989, no freedom of movement, standard of living extremely low, No basic things, such as permanent access to electricity, fuel or food”
Marin Preda, Bucharest University rector
Does anybody ponder why Romanians are unsatisfied with their lives now?
How history keeps repeating itself is amusing because political bodies don’t offer the transparency needed by the poeple to trust and support its vision and actions. In 1989, Romanians struggled to get food and endured harsh living conditions in their dwellings since neither the heating nor the power was continuously on. The communist government conserved money to pay off the foreign debt, and as a result, Romania eventually became one of the few nations without an external debt.
On the other hand, Romanians in 2022 enjoy plenty of food, whilst inflation is eroding their buying power. Since the heating system failed in numerous cities, including Bucharest, some apartments are still unheated. Mayors come and go, making empty promises to improve the situation. Although there are very few technical shortages and energy is always on, as winter nears, Romanians are worried about their electrical costs.
Is communism a superior system to democracy? Although we have our doubts, it is certain that once communism crumbled in Romania, expectations were great and have not yet been satisfied. From this viewpoint, the present energy crisis, the proximity of the war in Ukraine, and the way other members of the „European family” approach Romania will not be encouraging.
The Clujana Company has pulled the plug on its operation after 111 years on the market. The business started out as a factory in Cluj in 1911 and eventually grew to become one of the national symbols companies of Romania. Clujana was the largest leather and shoe manufacturing factory in the country.
Given that the business has previously been just one step away from collapse, the chances don’t look good for it. The Cluj County Council is the owner of the plant, and it also holds 93,4412% of Clujana’s shares.
The company went bankrupt, but for the previous 30 years, the county institution has been unable to identify the best options for its rehabilitation. It has a detrimental affect. The current market in Romania provides the best conditions for international businesses and investors, but it is not the same environment for domestic businesses. One such instance is the Clujana plant, a historically significant factory with 100% Romanian capital that is on the verge of failure.
ValahiaNews offers us some insight on the Cluj County Council public statements.
“We are not the factory owners. During that privatization, I received some shares of Clujana from Fondul Proprietatea in custody. We are not majority shareholders, we are practically not owners, the State as a whole is a shareholder. Basically, the State through the Ministry of public Finance is a shareholder, we only have the right own the buildings, the factory itself remained a private one, it functioned according to the rules of the market economy”.
Alin Tise, President of Cluj County Council
Any assertions that it had to do with individual real estate interests in the structure and surrounding land of the Clujana plant were rejected by him. In addition, he opposed the factory’s privatization, arguing that only the name of the business could be purchased because the Cluj County Council owned the land, the building, and all other tangible assets.
The situation is gloomy and the reasons for the company’s inactivity have not yet been fully revealed, but there is still hope for the company’s revival if the necessary improvements, investments, and downsizing are made in accordance with the current financial challenges, debt, and the industry’s activity situation.
Zorila School was founded by Lavinia Goste and Marius Zorila artists two years ago in 2020 and is the first educational school of this kind in Romania. Zorila offers vocal and instrumental music lessons to kids aged 6 to 18 using innovative and interactive instructional techniques.
The founder position the school as the spot where the present meets tradition in beautifully soul-filled forms through the help of popular music. The vision is to cultivate past treasures and capitalize on them.
”Through a modern and interactive approach, we bring folklore to the heart of the young generation. We cultivate customs and traditions and equip young people with the cultural heritage represented by Romanian folklore.”
Lavinia Goste, Zorila School co-Founder
The artists that represent the group of founders and teachers of the school have as an objective that every four years to form a new generation of artists, namely instrumentalist artists, specialists of highly professional attire, who can interpret Romanian music from all ethnofolkloric areas of Romania but also know and can interpret the music of other peoples. All vocal and instrumentalist artists should be able to work in the ensembles and orchestras of popular music in Romania after completing the schools’ courses and specific training.
Source: Zorila School Official
Moreover, Zorila School doesn’t just offer courses to grow the potential connection to the folklore world in the youth, form and educate them, and have classes for talented children, but it also offers vocational classes, together with instruction courses and sessions for singers and instrumentalists already part of bands and orchestras and already established in the music scene.
As such, ARCUB partnered up with Zorila School to organize registrations for a new series of traditional vocal-interpretation courses, which will take place between October 2022 to June 2023 at Eliad House on Mircea Voda 5 Street.
The new registration can be made via email or phone. Look at the school’s official Facebook page and website to find out more information.
Romanian artists always bring praise to their name, country, and the art and cultural sectors of Romania. Last month, the Municipal Theater „Bacovia” in Bacau hosted the XXVIII Bacau Fest Monodrama between 17 and 23.
The vast jury of this year’s edition included theatre and drama critic Alina Epîngeac, actor and university professor at the National University of Theater and Cinema Art „I.. L.Caragiale” Bucharest Adrian Titieni, actor Alex Bogdan, drama critic Monica Andronescu, actor Adrian Nicolae, and drama critic Doru Mareș.
Along the much-appreciated jury, the special guest list included figures such as Claudiu Bleonț, Razvan Vasilescu, both production members of the Bucharest Drama Theater, Dan Badea, Mateevici Theater production, Florin Piersic Jr., Silviu Purcărete.
”The great trophy Bacau Fest Monodame, edition 28, won by actress Petronela Buda, for the show – The Door is open- directed by Vlad Matei Ajder and a Tardini Theatre Production”
Monodrama Bacau Fest Organizers
Petronela Buda’s performances didn’t stop at just the greatest prize of the festivity, she also received the honorary award Actor for Actor, entitled Dinu Apetrei, together with the Youth Prize, entitled Stefan Iordache. Both awards are established by actors and volunteers of the Municipal Theater Bacovia.
The awards night continued at the theatre with other incredible Romanian theatre shows, plays, and productions that also won prestigious awards, such as the UNITER 2022 Award for best performance. Alongside the festivity, the central square of Bacau was also filled with entertaining concerts and performances such as Damian Drăghici & Brothers, Byron band, Monica Odagiu, Impro Show, jazz room, and many more.
If you are passionate about theatre, cinematography, arts and cultural and are interested in finding events related to these disciplines, have a look at VisitBucharest.today!
Giorgia Meloni is the leader of the right-wing, national-conservative political party in Italy known as Fratelli d’Italia. Previously, in 2020, she was also elected president of the European Conservatives and Reformists Party (ECRP), formerly known as the Alliance of Conservatives and Reformists in Europe (AECR/ACRE). She is anticipated to become Italy’s first female prime minister after her party wins the most votes in the general election in Italy in 2022.
Fratelli d’Italia: History
The crucial underlying elements of the rise of the Fratelli d’Italia (FDL) Party don’t end at this point. The People of Freedom Party (PDL), led by Silvio Berlusconi, was created in 1995 by the hardline National Alliance, from which Giorgia Meloni and the other party leaders emerged. The FDL party, which is currently one of the most right-wing-led since 1945 and symbolized by a tricolour flame, was created due to a right-wing split within the PDL party.
Source: Fratelli d’Italia official website
Fratelli d’Italia in Romania: Starting conversations with the parties in the Romanian Parliament
In terms of right-wing politics, FDL is not only gaining support in Italy but is also beginning to spread to other European countries. Pasquale Elicona took his duty seriously and hopes to be elected to the Romanian Parliament in 2024 as president of the FDL affiliate in the Romanian Government, as reported by Defapt.ro . AUR, the Romanian nationalists, who are now exceeding 25% popularity and voting intention in Romania, is one of the Romanian Parties considered for potential assistance or cooperation.
Underlying scope of FDL
Elicona is a successful businessman and the director of numerous recruitment firms that send Italian workers to Romania outside of his political obligations and ties. By gathering votes from the Italians scattered around the nation and intending to support and give a voice to the minorities and especially the Italian community, his objective is to increase the party’s participation in all county and municipal elections in Romania.
Source: Defapt.ro
With many subconscious nationalist trends in the current parties, the Romanian parliament is rather hospitable to right-wing politics. Eduard Hellvig, the head of Romania’s secret services, has made several announcements about various references to such right-leaning mentalities:
”The demand for nationalism in Romania is great”
President of the Romanian Secret Services
FDL from a wider European perspective
Right-wing politics are present and steadily gaining appeal outside of Romania. There are nations like France, Hungary, and Sweden where right-wing parties are founded and have already begun negotiations with the EU, regardless of the sort of nationalism.
FDL vs EU sentiments
The European Union is entering a condition of preparedness and restlessness due to these political occurrences and shifts because it is unclear what political philosophies the nationalist parties would follow. This is because prior events demonstrated that right-wing and nationalist political parties, like Meloni’s FDL, frequently oppose EU legislation and raise objections to its rules and regulations.
The president of the European Commission, Ursula von der Leyen, has not yet publicly commented on the current developments. She just added:
”If the relationship deteriorated, the EU had resources to handle crises of this nature”
Ursula von der Leyen
This can only imply that Italy will be subject to the same sanctions as the other nations who have previously contested the EU. The political landscape is evolving globally, and the EU is ready to handle any eventuality.
Will Italy leave the European Union? No one can predict which country will remain in the EU because the national political landscape is shifting, and Euro-skeptics are gaining power.
The event was held last Saturday, October 15th, in Alba Iulia. This brought a lot of passion to the celebration by commemorating the time and location of the inauguration 100 years earlier. The unification and emancipation of the Romanian Nation under the rule and coronation of the King and the Queen are signified on the date of 15th of October 1922.
History of the Great Union symbolized by:
After the First World War ended in 1918, the nation benefited from the Great Union of Romania. The coronation solidified the nation’s unity and the prospect of a prosperous future with plenty of resources. This was mainly brought on by the post-belic environment, during which the nation experienced serious social issues.
Major beneficial developments also began to occur, including the population’s doubling, the country’s top ranking for raw materials like wood and gasoline, and the encouragement of the industrial revolution, which led to the growth of regional and family-owned businesses.
Significant changes weren’t limited to Romania, as anticipated. Every other state was dealing with new difficulties and figuring out how to handle them while thriving. This resulted in the infamous „Paris peace treaty” meeting, which served as the ideal pre-coronation event because it helped the inauguration gain recognition and appeal on a global scale. On December 1st, 1918, a national holiday honouring the Great Union was established in this manner.
How come Alba Iulia?
The location was picked for two main symbolic reasons. The Turza Plain, the most well-known battleground, where some of the fiercest battles were fought and some of the bravest kings lost their lives, was an hour away.
The Cathedral of the Great Union, a remarkable cathedral, was also constructed as part of the preparations for the coronation. For all the elaborate planning and significance, the cathedral was actually relatively small and took months to complete. Even so, it developed into a global endeavour, including well-known and reputable engineers, painters, builders, and many others in the conception and execution of both the Cathedral and the coronation.
Saturday’s centennial celebration:
There has been a „bath” of people celebrating the historic day at the 100-year event as Stiripesurse.ro tells us.. The Prince Consort, Princess Sofia, the Patriarch, and the Custodian of the Crown reportedly were present to watch the military parade on the renowned Mihai Viteazul pedestrian avenue. Along with the Mihai Viteazul Guard Brigade and the Alba Iulia military students, soldiers marched wearing the dress and insignia of the Romanian Royal Army from 1920.
Following the march, the Patriarch, the President of the Alba County Council, and the Custodian of the Crown unveiled the magnificent marble monument of Queen Mary in the impressive city plaza of the Citadel. This was a very emotional time for Romanians because they had adored and admired the queen throughout generations.
The Royal Train completed a symbolic celebratory tour between Cluj-Napoca and Alba Iulia simultaneously with all of the festivities, referring to the moment the Queen and the King arrived at the royal train station on the day of the coronation 100 years ago.
In his last speech, the chief of the Romanian Intelligence Service (SRI) gave a clue about how politics are conducted in Romania, acknowledging that politicians look to others to make judgments or make suggestions.
The chairman of the SRI, Eduard Hellvig, made a few remarks at the Babeş-Bolyai University in Cluj-15th Napoca’s anniversary of the Security and Intelligence Studies that caught the attention of the media and public in Romania.
Eduard Hellvig claimed that the separation from politics, which he believes is completely normal in a democratic society, was the most important benefit of his tenure as the chairman of the SRI. He contends that there should be no connection between politics and intelligence collecting since too many politicians in the last decades have grown accustomed to getting cues or advice on what to do.
Too many politicians, in previous decades, have become accustomed to receiving “directions” or “suggestions” about what to do. (…) Too many want others to make decisions for them, too many even expect to receive suggestions from secret services.
Eduard Hellvig, director of Romanian Intelligence Service
Although he did so in an overly courteous manner, the SRI leader highlighted a severe issue in Romanian political society. Politicians in Romania frequently show themselves unable to handle the responsibilities that come with their positions of authority. People in positions of authority in Romania still wait for orders rather than exercising independent judgment.
However, given that the chief of the Romanian Intelligence Service is dissatisfied with the current circumstances, we must consider how frequently the secret service meddled in Romanian politics. Most importantly, has the SRI’s current leader been able to distinguish between political and intelligence collection activities?
No doubt that political parties in Romania pay the press to enhance their reputations. Romanians need to consider who truly makes decisions in this situation rather than the people elected and why these people are in positions of authority.
The new edition of Romanian Jewelry Week comes to delight jewelry enthusiasts with unique creations and new trends in the jewelry world.
Romanian Jewelry Week 2022 will showcase 190 modern jewelry designers, nine group shows, and six cultural venues in Bucharest.
The 5th through the 9th of October will be Romanian Jewelry Week 3.0, featuring hundreds of pieces of modern jewelry from over 190 Romanian and foreign designers, as well as exhibitions, conferences, workshops, and fairs.
Photo source: Romanian Jewelry Week 2022
According to Valahia News, Romanian Jewelry Week allows jewelry lovers to purchase their favourite items at the National Library of Romania’s Jewelry Fair 2022 on the 8th and 9th of October. Moreover, the events gives Romanian designers the chance to exhibit their creations alongside some of the best jewelry designers worldwide.
On October 5th at 3 PM, the National Library of Romania will host the official opening of the main exhibition, which will feature artwork from 190 designers, schools, associations, and collectives from over 30 nations, including Romania, the United States, Canada, Mexico, Brazil, Chile, Spain, Germany, Hungary, France, Great Britain, Italy, Holland, Greece, Austria, Republic of Moldova, Israel, China, Iran, Mongolia, South Korea, and many others.
The exhibition will be completed by nine exhibition shows from other European jewelry weeks, including the Bruxelles Jewelry Week, Budapest Jewelry Week, Milano Jewelry Week, and Legnica Silver Festival. There will also be winners from the Global Design Graduate Show 2021, an international competition held in conjunction with Gucci for recent graduates of art schools worldwide. The metal sculptor Misha Diaconu, who addresses the issue of femininity in a precarious international setting in five of her works on display, and the designer Andrei Berindan have been asked by Romanian Jewelry Week to round off the exhibition.
This year’s theme of Romanian Jewelry Week 2022 at the National Library of Romanis focuses on the war in Ukraine. The video festival emphasizes gender, social norms, environmental degradation, tradition and the future, as well as femininity, feminism, femininity, and femininity.
Romanian Jewelry Week 3.0 takes a tour of contemporary jewelry in 6 cultural locations in Bucharest: the National Library of Romania – the central exhibition, the National History Museum of Romania – Contemporary jewelry workshop with David Sandu and capsule exhibition, the National Museum Cotroceni– Legnica Silver Festival (Poland) and Budapest Jewelry Week, the Galateca Gallery – the exhibition Jewelry design by Ukraine and Inskspective by Ioana Halunga, AlbAlb – Romanian Jewelry Focus, Dizainăr – Jewelry Showcase.
Photo source: Romanian Jewelry Week 2022
The official schedule of the ROMANIAN JEWELRY WEEK 2022
National Library of Romania – Main location of the Romanian Jewelry Week The National Library of Romania will host the Romanian Jewelry Week central exhibition starting October 5, 2022, as well as a special fair section with a sale between the 8th and 9th of October 2022, with over 190 designers and over 1,500 contemporary jewelry exhibits. Visiting schedule – 5th of October between the hours of 3pm – 8pm, 6th-9th of October between the hours of 11am- 8pm
Special events:
5th of October – 6pm – 8pm – Meet and Greet the curator & artists.
5th of October– 6.30pm – 7.15pm – Live conference with Ariel Lavian – Founder of Israel Jewelry Biennale (Mircea Vulcănescu conference room)
6th of October – 6pm – 8pm – Online conference with Charon Kransen (Charon Kransen Art Gallery New York) and Izabella Petruț & Veronika Schwarzinger (Gallery V&V Viena) – Mircea Vulcănescu conference room
7th of October – 6pm – 8pm – Live conference with Les Brucelles (Brussels Jewelry Week organizers) and online forum with Katie Dominy (Arts Thread & Global Design Graduate Show) and Anna Wojcik-Korbas (Legnica Silver Festival)
8th of October – 11am – 8pm – the first day of the Romanian Jewelry Week contemporary jewelry fair. From 6pm – SMCK on Reel projection, the first international video festival inspired by jewelry.
9th of October 11am – 8pm – the second day of the Romanian Jewelry Week contemporary jewelry fair. From 5pm the awarding ceremony will take place, and from 6pm, the second screening of the international video festival SMCK on Reel.
Entry tickets for the contemporary jewelry fair on October 8th and 9th are available on the Iabilet.ro network – https://www.iabilet.ro/bilete-romanian-jewelry-week-2022-78170/
The National History Museum of Romania The National History Museum of Romania organizes, in collaboration with Assamblage a series of unique activities during Romanian Jewelry Week – a capsule exhibition of contemporary jewelry Corina Cubici and Ana Fanigina, a demonstration workshop on polishing and faceting semi-precious stones and a guided tour of the permanent collection of the Historical Treasury. Visiting hours: 5 – 9 October, 10am – 6pm
Special event: October 7, from 3pm. – Demonstration workshop of polishing and semi-precious faceting stones held by David Sandu, founder of Assamblage The Institute of Art and Design. Capsule exhibition Corina Cubici and Anna Fanigina. Historical Treasury guided tour.
Access is based on the prior purchase of the general museum access ticket available online here- https://mnir.booktes.com
National Museum Cotroceni The Cotroceni National Museum is organizing, in collaboration with Romanian Jewelry Week, a unique selection of two landmark events on the European map of contemporary jewelry – Legnica Silver Festival (Poland) and Budapest Jewelry Week.
Visiting hours – 5 – 9 October – 9am – 5pm. Access is based on the visiting rules –https://www.muzeulcotroceni.ro/viziteaza/vizitare.html
Galateca Gallery Between the 5th and 8th of October, Galateca Gallery will host, within Romanian Jewelry Week, a curatorial selection of contemporary Ukrainian jewelry designers, and starting October 7, the Inskspective exhibition by Ioana Halunga.
Visiting hours: 5 – 7 October – 12pm – 8pm, October 8- 11am – 7pm
Special programme: October 7, at 7pm – the opening of the Inskspective exhibition by Ioana Halunga.
AlbAlb – Romanian Jewelry Focus AlbAlb was born from the passion for art and design and the desire to bring the creations of Romanian designers and artists closer to the public, which appreciates beauty and creativity. As part of Romanian Jewelry Week 2022, AlbAlb proposes four special events dedicated to Romanian jewelry design. – Str. Lt. Av. Șerban Petrescu nr. 1, București
6 October – 11am – 6pm | A bigger splash – launch of the latest Monom collection.
7 October – 11am – 6pm | Always remarkable -the launch of a new porcelain earrings collection by Diana Cojocaru
8 October – 11am – 6pm | Flora in porcelain – new porcelain sculptural jewelry pieces by Daniela Cățoi
9 October 11am – 6pm | A pearly situation – launching of the new pearl jewelry collection by Atelier Devi
Str. Lt. Av. Șerban Petrescu nr. 1, București
Dizainăr – Jewelry Showcase At Dizainăr showroom and on dizainar.com you will discover more than 600 special objects for home and soul, from furniture, lighting fixtures, kitchen items, watches, and graphics, to personal accessories, decorations, toys and jewelry, created by Romanians designers and produced locally in small series. The jewelry, made in various styles and techniques, is designed by: Maria Paltin, monom, i{n}stance jewellery, Catrinel Săbăciag, Ceramic Sparrow, Karakter Studio, tactil util, Ana Mihanta, Alina Ceramics.
Visiting hours – 6 – 8 of October 2022, between 12pm and 7pm @ Dizainăr showroom, Str. Puțul cu Plopi nr.17, zona Cișmigiu
Kraft Market On 5 October, 8PM – 10PM – Opening Party of Romanian Jewelry Week. Matei Milo nr. 8/10 Street, Bucharest. A newly opened place in the heart of Bucharest, with a special focus on design and local talents and a space where craft meets the community.
Acuarela Bistro On 9 October 8.30pm – 10.30am – Closing Party of Romanian Jewelry Week. Str. Polonă nr 40. small bistro for the Bucharest artist community, a creative hub and a warm host of cultural events.
About Romanian Jewelry Week 2022
Photo source: Romanian Jewelry Week 2022
Romanian Jewelry Week 2022 is organized by Assamblage – the National Association of Authors and Designers of Contemporary Jewelry, with the support of the National Library of Romania and supported by EUROINS and Banca Transilvania.
Kaustik signs the exhibition design.
Cultural partners – National History Museum of Romania, Cotroceni National Museum, AlbAlb, Dizainăr, Galateca, Acuarela, Imbold Arts, The Station, SMCK on Reel, Kulterra, Kraft Market.
Media partners – Radio Guerilla, Elle, Aici a Stat, Cover Stories, Curatorialist, Designist.ro, Dreamingof.net, Feeder.ro, Festivalier, Igloo, IQAds, Lost in Jewelry Magazine, Femeia, Modernism.ro, Revista Atelierul, The Institutes, Zeppelin, Days and Nights.
The most recent article in the New York Times publication shows that the secular forest from Romania is sacrificed to make pellets, then exported to many European countries.
New York Times journalists conducted an investigation into Europe’s oldest forests, in Romania, in Cheile Bicazului northeastern region.
The American journal demonstrates how erroneous it is to refer to burned wood as „green energy” by using the headline „Europe is abandoning its centuries-old forests for energy.” The American newspaper claims evidence from the Romanian company Ameco, from the region of Harghita, proving that it feeds its grinders from Romania’s protected forests.
The forests of Romania, which make up two-thirds of the EU’s virgin forests, were hiked through over four days by a reporter and a photographer. Clearcutting was being done there, and they followed trucks coming from sensitively reclaimed forest areas.
Photo Source: New York Times
Environmental Investigation Agency figures show that most of Romania’s largest pellet projects have been supplied with intact logs from protected forests. They estimated that these businesses received nearly a third of their wood needs from protected areas.
Once you cut down these old trees, you degrade ecosystems that took centuries to form with little human intervention.
Dan-Catalin Turiga, a forest engineer who accompanied Times reporters
Logging is allowed in the protected forests of Europe, but governments must do environmental assessments to ensure the land is being preserved. These analyses, according to experts, are not common. The European Court of Auditors warned about these ostensibly protected forests last year after discovering that many were in „bad or inadequate conservation quality.”
The NY Times also describes the export routes for pellets from Romania, Poland, and Slovakia to various EU countries, including Italy, where burning wood is thought to have little impact on global warming because trees absorb carbon dioxide from the atmosphere and release it back into it.
Moreover, Romania’s environmental ministry did not respond to the NY Times journalist’s questions about these shipments, the proposed law change and the pellet industry in general.
The problem of deforestation in Romania is catastrophic, and no measure from the Romanian authorities seems to have been applied or to have had an impact. Romania will remain without forests and an ecosystem, which will happen quickly if it is not acted upon. Journalists from the New York Times are not the only ones who tried to expose the forest mafia in Romania, and the saddest part is that illegal deforestation has been going on for years. With the energy crisis, people will ask for another option besides gas, and most likely, they will opt for heating with wood. How many will illegal wood exports leave Romania then?
Revolut has added Elrond’s EGLD token, which powers the internet-scale blockchain network that supports Web3 payments, DeFi, and the new Metaverse economy, to its list of supported cryptocurrencies, making it possible to trade it on the well-known fintech app.
Elrond, which had its primary launch in July 2020, has since surpassed Ethereum 2.0 to become the second-largest PoS blockchain in the world, with 3200 validators dispersed throughout several regions. It is also the first carbon-negative blockchain in Europe because it offsets more CO2 than is necessary for its cutting-edge PoS network.
According to Valahia News, in addition to providing a new generation of digital natives with a token that is utilized to power the seamless transfer of any sort of value globally, Revolut’s listing of EGLD will bring a broader audience to the frictionless payments at the center of Elrond’s concept.
By enabling its users in the EU and UK to buy, hold, and sell cryptocurrencies with the same simplicity as any other digital asset. For EGLD, the mobile banking business, valued at $33 billion with +20M worldwide customers, intends to improve financial inclusion.
Revolut operates in more than 30 countries (including the European Economic Area, the United States, the United Kingdom, Switzerland, and others) and has plans to expand into new markets thanks to its ongoing regulatory and compliance efforts. It has an EU banking license and a CASP license that was just granted for crypto-related services.
In its current network configuration, Elrond can process 15,000 transactions per second, but it can scale beyond 100,000 TPS by utilizing sharding to parallelize transaction processing, allowing it to accommodate growing demand by adding more shards to the network. Elrond was built from the ground up to address the performance limitations of the current blockchain iterations (such as Bitcoin and Ethereum).
About Elrond
Elrond is a brand-new blockchain architecture created from the ground up to boost throughput and execution speed by 1,000. A revolutionary Adaptive State Sharding mechanism and a Secure Proof of Stake (PoS) algorithm, which together enable linear scaling with a quick, effective, and secure consensus mechanism, are introduced by Elrond as two essential inventions that help to accomplish this. So, Elrond, which aims to support a permissionless, accessible internet economy, can handle up to 15,000 transactions per second (TPS), with a 6-second latency and minimal cost.
Elrond introduced Maiar, the e-wallet of the future, in January 2021. The Romanian blockchain business Elrond works to build a community of dependability, trust, and transaction speed despite encountering some difficulties along the road.
