MultiversX ( EGLD )

Project basic information

• Issue Time：

  2020-09-29
• Total Supply：

  25,048,153
• Circulation：

  25,043,001
• White paper：

  EGLD WP
• Website：

  https://multiversx.com/
• Block Explorer：

  https://bscscan.io

Project Introduction

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.