MultiversX

MultiversX (EGLD): The Internet-Scale Blockchain

MultiversX is an innovative blockchain protocol designed to provide exceptional scalability, leveraging cutting-edge sharding techniques across its Network, Transaction, and State layers. Positioned as a foundational technology for the next generation of the internet, MultiversX encompasses a comprehensive ecosystem that integrates decentralized finance, real-world assets, and the Metaverse.

Exceptional Performance

The platform's smart contract execution capabilities are impressive, reportedly handling up to 100,000 transactions per second with a 6-second latency and a minimal transaction fee of just $0.002. The native token, EGLD (Electronic Gold), is essential for governance and security within the MultiversX ecosystem. It serves as a medium of exchange, facilitating transactions between users and validators while also functioning as a store of value currency for network usage.

How MultiversX Operates

MultiversX implements three forms of parallelization—state, transactions, and network—via an advanced parallel processing method that significantly enhances transaction speed and capacity. The network is divided into four shards, comprising three execution shards capable of processing 30,000 transactions per second, alongside the Metachain, which coordinates overall operations. This unique architecture allows for Adaptive State Sharding, ensuring efficient scaling whenever demand increases.

Unique Features

As a leader in the blockchain space, MultiversX sets itself apart with its pioneering approach to sharding, being the first to implement all three aspects—state, network, and transaction sharding—concurrently. The network is supported by approximately 3,200 validator nodes, ensuring robust security and operational integrity. A remarkable maximum throughput of 263,000 transactions per second was recorded in a public environment, showcasing its capacity to handle extensive transaction loads.

Developer-Friendly Ecosystem

MultiversX actively encourages developers by allowing them to earn 30% of the smart contract fees as royalties. This initiative fosters innovation and simplifies the process of building decentralized applications (dApps) on the platform. With a commitment to sustainability and responsible infrastructure, MultiversX is dedicated to creating a greener blockchain environment.