What is MultiversX?
MultiversX (previously Elrond) is a decentralized blockchain project focused on scalability, interoperability, and the metaverse. Its rebranding reflects a strategic shift toward virtual ecosystems, emphasizing immersive applications and cross-chain compatibility.
Key features:
- High throughput: Processes over 15,000 transactions per second (TPS).
- Low fees: Transactions cost less than $0.001.
- Eco-friendly: Uses a Secure Proof of Stake (SPoS) consensus mechanism.
- Sharding: Splits data into smaller segments for parallel processing, enhancing scalability.
Ecosystem Products
MultiversX offers a suite of user-friendly tools:
- xPortal: All-in-one mobile app for crypto, NFTs, and metaverse access.
- xExchange: Native decentralized exchange.
- xFabric: No-code platform for Web3 development ("WordPress for Web3").
- xLaunchpad: Fundraising platform for new projects (requires staking 1 EGLD).
The EGLD Token
$EGLD is the native cryptocurrency of MultiversX, serving multiple functions:
- Network fees: Powers transactions and smart contracts.
- Staking: Earn ~9% APY by delegating to validators.
- Governance: Holders vote on ecosystem upgrades.
👉 Buy EGLD on trusted platforms
Historical Milestones
- 2017: Founded by Beniamin Mincu, Lucian Mincu, and Robert Rădulescu.
- 2020: Mainnet launch.
- 2021: EGLD peaks at $490.
- 2022: Rebranded to MultiversX.
- 2023: Rollout of xPortal, xFabric, and other products.
Technology Breakdown
Secure Proof of Stake (SPoS)
- Validators are chosen randomly based on performance metrics, ensuring decentralization.
- More energy-efficient than Proof of Work (PoW).
Adaptive State Sharding
- Divides the network into smaller "shards" to parallelize transactions.
- Enables linear scalability—new shards can be added as demand grows.
Price Analysis
EGLD Performance
- 2021 ATH: $490 (November).
- 2024 Q3: Stabilized at ~$30.
- Market drivers: Adoption of MultiversX products, partnerships (e.g., Mastercard, Tencent), and metaverse growth.
Pros and Cons
✅ Advantages
- Infinite scalability via sharding.
- Near-zero fees.
- Strong APY (~9%) for stakers.
❌ Challenges
- Competition: Ethereum, Polygon, Avalanche.
- Metaverse focus: Unproven long-term demand.
Expert Predictions
- Bullish case: EGLD could retest ATH in the next market cycle.
- Bearish risks: Slow ecosystem adoption or metaverse fatigue.
How to Buy EGLD
Top Platforms
- Binance: EGLD/EUR, EGLD/BTC pairs.
- Kraken: EGLD/USD.
- PancakeSwap: Decentralized swaps via BNB Chain.
FAQ
1. Is MultiversX a good investment?
Yes, for long-term holders betting on metaverse growth—but diversify your portfolio.
2. How do I stake EGLD?
Use xPortal > "Earn" section > delegate to a validator (~9% APY).
3. What’s the max supply of EGLD?
31.41 million tokens (fully released by 2032).
Final Verdict
MultiversX combines cutting-edge tech with real-world utility. While risky, its ecosystem offers unique opportunities—allocate ≤10% of your portfolio.
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