MultiversXEGLD

About MultiversX (EGLD)

MultiversX (formerly Elrond) is a highly scalable blockchain using Adaptive State Sharding and Secure Proof of Stake. It aims to be the backbone of a new internet economy with fast transactions, low fees, and an intuitive developer experience.

How MultiversX Prices Are Determined

MultiversX prices are determined by supply and demand across global cryptocurrency exchanges. Key factors include trading volume, market sentiment, regulatory developments, technological upgrades, and macroeconomic conditions. Prices can vary between exchanges due to liquidity differences and regional demand.

Frequently Asked Questions

What is MultiversX?

MultiversX (formerly Elrond) is a highly scalable blockchain that uses Adaptive State Sharding to process thousands of transactions per second. It was rebranded from Elrond in 2022 to reflect its expanded vision of building a metaverse-ready infrastructure layer.

What is Adaptive State Sharding?

MultiversX splits the network into multiple shards that process transactions in parallel. The 'adaptive' aspect means shards can be split or merged dynamically based on network demand, optimizing throughput. A metachain coordinates across all shards for cross-shard transactions.

What is the EGLD token used for?

EGLD (eGold) is used for transaction fees, staking with validators, smart contract deployment, and governance. Validators need 2,500 EGLD to run a node, while delegators can stake with as little as 1 EGLD to earn staking rewards.