About MultiversX

MultiversX is an advanced blockchain protocol designed to achieve significant scalability through a comprehensive approach to sharding, encompassing network, transaction, and state layers. This innovative ecosystem aims to facilitate the development of decentralized finance applications, manage real-world assets, and support the Metaverse. The platform is engineered to handle up to 100,000 transactions per second with a latency of just six seconds, while maintaining minimal transaction costs of approximately $0.002. The EGLD token, or Electronic Gold, serves as the native currency of MultiversX, functioning as a medium of exchange for transaction fees and enabling users to engage in network activities. Additionally, EGLD plays a crucial role in governance, allowing holders to influence decisions regarding the network's future. The operational framework of MultiversX leverages a unique combination of three parallelization techniques—state, transactions, and network—enhancing both speed and transaction volume. By employing Adaptive State Sharding, the protocol effectively scales its infrastructure to accommodate a growing array of applications and transactions. A modified Proof of Stake (PoS) consensus mechanism ensures seamless connectivity across the network's segmented shards, fostering a cohesive environment for decentralized application (dApp) development. This innovative architecture not only enhances performance but also supports a diverse range of use cases, positioning MultiversX as a forward-thinking solution in the blockchain landscape.