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MultiversX EGLD |
BUY
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£3 |
0.94 % (24h) |
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Marketcap |
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£88,755,901 |
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Volume 24h |
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£5,352,003 |
Description
MultiversX (EGLD), formerly known as Elrond, is a highly scalable blockchain platform designed to provide institutional-grade performance for the global digital economy. It utilizes a unique consensus mechanism called "Adaptive State Sharding" to achieve over 15,000 transactions per second with near-instant finality. The EGLD token is the native currency used for transaction fees, smart contract execution, and securing the network through staking. MultiversX focuses on making Web3 accessible through its user-friendly xPortal app, aiming to become the underlying infrastructure for a decentralized and high-speed financial system.