Introduction
MultiversX (formerly Elrond) is a highly scalable, secure, and decentralized blockchain designed to power next-generation applications for the metaverse and digital economy. Its native token, EGLD, fuels the ecosystem by enabling transactions, staking, and governance.
Key Features of MultiversX (EGLD)
1. Adaptive State Sharding
- Processes 12,500 transactions per second (TPS) by splitting the network into shards.
- Validators rotate across shards every 24 hours to prevent collusion.
2. Secure Proof-of-Stake (SPoS)
- Secures the network while maintaining energy efficiency.
- Validators earn EGLD rewards for confirming transactions.
3. Developer-Friendly Tools
- Supports smart contracts and dApps via the Elrond IDE.
- Plans for Elrond Standard Digital Tokens (ESDTs), including stablecoins and synthetic assets.
Use Cases
👉 Buy EGLD Tokens to explore these applications:
Maiar Wallet
- A mobile dApp for fast, private transactions.
- Supports staking, fiat purchases, and NFT storage.
NFT Framework
- "Smart Accounts" enable NFT storage and identity management (e.g., citizenship proof, health data).
Metaverse Ecosystem
- EGLD powers virtual economies and cross-platform value exchange.
Market Performance (2024 Data)
| Metric | Value |
|-----------------------|---------------------|
| Current Price | $13.38 (+0.62% 24h) |
| ATH | $541.99 (Nov 2021) |
| Market Cap | $379.83 Million |
| Circulating Supply | 28.39 Million EGLD |
Historical Milestones
- 2022: Rebranded from Elrond to MultiversX.
- 2021: ATH of $541.99 during the bull market.
FAQs
1. How do I stake EGLD?
- Use the Maiar Wallet or supported exchanges to delegate tokens and earn rewards.
2. What makes MultiversX unique?
- Its sharding technology and SPoS mechanism enable unmatched scalability.
3. Where can I buy EGLD?
👉 Purchase EGLD here on trusted platforms.
4. Is EGLD a good investment?
- While past performance (e.g., -97.5% from ATH) is volatile, its tech adoption could drive future growth.
Conclusion
MultiversX (EGLD) combines speed, security, and metaverse utility—making it a promising Layer 1 blockchain. Stay updated on price trends and ecosystem developments to maximize opportunities.
👉 Explore MultiversX today!