MultiversX
$3.04
6.7%(24h)30d
Today
6.7%
30 Days
-2.3%
Price Change (24h)
$0.1923
BTC$43,500+2.50%
ETH$2,650+1.80%
USDT$1.00+0.00%
BNB$320-0.50%
XRP$0.5200-1.20%
SOL$95.00+3.20%BTC$43,500+2.50%ETH$2,650+1.80%USDT$1.00+0.00%BNB$320-0.50%XRP$0.5200-1.20%SOL$95.00+3.20%Today
6.7%
30 Days
-2.3%
Price Change (24h)
$0.1923
EGLD
30.40
MultiversX, formerly known as Elrond, is a blockchain platform founded in 2018 and designed for speed, scalability, and minimal costs. The network's architecture employs adaptive state sharding, a technique that allows the blockchain to scale horizontally by dividing transaction processing across multiple shards. Using the Secure Proof of Stake consensus mechanism, MultiversX achieves high throughput while maintaining security and decentralization. The platform supports smart contracts and decentralized applications, offering developers a network capable of handling thousands of transactions per second with near-instant finality. EGLD serves as the native token for network operations, validator staking, and smart contract execution.
Beniamin Mincu founded MultiversX (formerly Elrond), serving as the project's CEO and leading the vision of building a highly scalable blockchain platform. The team comprises numerous developers and researchers focused on advancing blockchain technology and usability.
MultiversX distinguishes itself through adaptive state sharding—a scaling mechanism that dynamically adjusts the number of shards based on network demand. This approach enables the blockchain to process thousands of transactions per second while maintaining low costs and near-instant finality. The platform employs Secure Proof of Stake for consensus, combining security with energy efficiency. MultiversX's infrastructure also emphasizes developer accessibility through programming language flexibility and comprehensive documentation, making blockchain application development more approachable.
According to the MultiversX crypto team, the project implements three types of parallelization: state, transactions, and network, using the parallel processing method to speed up the time and increase the number of transactions. MultiversX uses Adaptive State Sharding to scale while sharing infrastructure to support a growing number of applications/transactions on the ledger. A variation of the traditional PoS operational protocol guarantees the connection to the platform of all sections of the network, separated during sharding. Hence, the integrated environment is involved in the development of dApps, which are imitations of products and services. MultiversX combines three sharding methods to create its own unique adaptive one. It divides the network into four shards: three being execution shards that process transactions, validating 30,000 transactions per second, and Metachain is the fourth shard that coordinates and completes transactions. Sharding types include: State sharding where the history of the network, or state, is distributed across different sections of the network, or shards. Segments have their own ledger, nodes store the state of each segment; Transaction sharding where transactions are mapped to segments and processed, segments process transactions in parallel and nodes capture the state of the entire network; Network sharding where the nodes are grouped into segments and then processed. Network slicing contributes to optimizing communications.
MultiversX has a maximum supply of 20 million EGLD tokens. The token distribution includes allocations for the team, early investors, and ecosystem development, with gradual vesting schedules that support sustainable network growth.
MultiversX uses what it calls a secure proof-of-stake consensus algorithm in which nodes must stake their EGLD tokens to participate in the validation process, and each validator is assigned a rating score based on past activity, which also influences whether or not they are selected. If a validator's rating becomes too low, it will not be selected and must pay fines. Validators can also be removed from the network and have their stakes slashed if they continuously act in a manner that is against the integrity of the network. Validators are randomly selected in a way that can be neither predicted nor modified based on the previous round of validations. In addition, validators are periodically shuffled between shards as a way to prevent collusion. Nodes communicate among one another using modified Boneh-Lynn-Shacham, or BLS, multi-signatures for strong cryptographic protection.
MultiversX (EGLD) trades on major exchanges including Binance, OKEx, and Huobi, with principal trading pairs being EGLD/USDT, EGLD/USD, and EGLD/BTC.
Exchange data unavailable.
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