MultiversX EGLD Price

MultiversX, once known as Elrond, stands as a revolutionary blockchain network within the Cosmos ecosystem, providing an extensive suite of utility products and xProducts aimed at fostering a robust ecosystem. Their offerings include MxBridge, MxWallet, MxExplorer, xMoney, xExchange, xLaunchpad, xFabric, xPortal, xWorlds, and xSpotlight, facilitating cross-chain asset bridging, decentralized exchange, launchpad services, and more.

At the core of MultiversX lies the EGLD token, fueling a cutting-edge Metaverse ecosystem, offering security through staking, and powering various applications and transactions within the network. Distinctive features include its sharding and proof-of-stake mechanisms, empowering the network to process about 12,500 transactions per second while maintaining security through Adaptive State Sharding and Secure Proof-of-Stake (SPoS).

MultiversX presents a vision of a global, accessible digital economy with diverse applications. The Maiar mobile dApp stands as a testament to this vision, offering a fast, privacy-centric browser, eGLD storage, staking, and an avenue to purchase eGLD tokens. Moreover, MultiversX supports NFTs through its Smart Accounts framework, opening avenues across different sectors.

Introduced in August 2019, MultiversX went live with its mainnet in July 2020, setting a benchmark with its scalable, high-throughput network design, featuring state, network, and transaction sharding. The network, with its 3,200 validator nodes split across four shards, is designed to accommodate increasing demands and drive adoption by supporting developers building on the platform.

What is unique about MultiversX (EGLD)?

MultiversX (EGLD) offers a suite of utility products facilitating cross-chain asset bridging and a decentralized exchange within its ecosystem.

Who are the founders of MultiversX (EGLD)?

MultiversX, co-founded in late 2017 by Beniamin and Lucian Mincu with Lucian Todea, emerged as a response to blockchain scalability issues, preceded by their roles in ventures like MetaChain Capital and ICO Market Data.

Who are the backers/investors of MultiversX (EGLD)?

Some investors of MultiverseX are Binance Labs, NGC Ventures, Chainfund Capital, CRT Labs, DeltaHub Capital, Mapleblock, Node Kapital.

What is the consensus mechanism of MultiversX (EGLD)?

MultiversX (EGLD) operates on a consensus mechanism based on sharding and Secure Proof-of-Stake (SPoS), enabling the network to process around 12,500 transactions per second.

Where can I buy MultiversX (EGLD)?

You can buy MultiversX (EGLD) on Binance, MEXCGate.ioOKXCoinbase cryptocurrency exchanges.