Source: EGLDUSD Chart by TradingView
MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.
MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is Elrond’s native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.
EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the Elrond network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.
MultiversX was first announced in August 2019, and its mainnet went live in July 2020.
Multiversx Labs Launches Xportal, the First Super App to Reimagine Digital Finance, AI Avatars, Chat, Opening WEB3 and Metaverse Experiences to Everyone
Sibiu, Romania, 1st March, 2023, Chainwire — Leading technology company MultiversX Labs announces a pivotal moment in the evolution of digital finance and the Metaverse: the launch of the xPortal Super App, offering a new perspective in the way we experience the digital world.
AshSwap the first stable-swap DEX Launches on MultiversX Mainnet
Ho Chi Minh City, Vietnam, 11th February, 2023, Chainwire — AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17.
MultiversX Organization & Team
Co-Founder & CEO
Co-Founder & COO
Co-Founder & CIO
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