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Updated 01:24 PM UTC

EGLD MultiversX

$4.58

$0.0054

(0.12%)

Today

Mkt Cap$142.16M

Vol2.1M

About MultiversX

What is MultiversX MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost. MultiversX is governed and secured through the EGLD token. EGLD, or Electronic Gold, is MultiversX'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 participate in the consensus process. EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions. How does MultiversX Work According to the MultiversX crypto team, the project implements three types of parallelization: state, transactions, and network, using the parallel processing method to speed up the time and increase the number of transactions. MultiversX uses Adaptive State Sharding to scale while sharing infrastructure to support a growing number of applications/transactions on the ledger. A variation of the traditional PoS operational protocol guarantees the connection to the platform of all sections of the network, separated during sharding. Hence, the integrated environment is involved in the development of dApps, which are imitations of products and services. MultiversX combines three sharding methods to create its own unique adaptive one. It divides the network into four shards: three being execution shards that process transactions, validating 30,000 transactions per second, and Metachain is the fourth shard that coordinates and completes transactions. Sharding types include: State sharding where the history of the network, or state, is distributed across different sections of the network, or shards. Segments have their own ledger, nodes store the state of each segment; Transaction sharding where transactions are mapped to segments and processed, segments process transactions in parallel and nodes capture the state of the entire network; Network sharding where the nodes are grouped into segments and then processed. Network slicing contributes to optimizing communications. What makes MultiversX Unique MultiversX describes itself as a blockchain platform for the new internet economy, decentralized applications and enterprise use. Its main selling point is its high scalability, stating that it is the first blockchain network in which state, network and transaction sharding have all been implemented. According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset. To achieve this goal, the network runs on 3,200 validator nodes split into four shards: three execution shards, capable of up to 100,000 transactions per second in total, and one coordination shard, the "Metachain." MultiversX's adaptive state sharding architecture completely shards state, transactions and network. It can scale by adding additional shards when the throughput demand requires. It was tested to run 263,000 TPS in a public environment with 1,500 nodes from 29 countries grouped in 50 shards. To increase adoption, the blockchain also supports developers building on the platform, allowing them to earn 30% of the smart contract fees as royalties.

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EGLD withdrawals frozen, Upbit decides from October 19: What is going on with MultiversX?

The MultiversX chain is running again, but not every exchange is: EGLD transfers are frozen at Bitvavo and on Binance's native network, while Kraken has been open since October 1. Upbit decides between October 19 and October 23 whether trading continues.

CryptoTicker

EGLD withdrawals frozen, Upbit decides from October 19: What is going on with MultiversX?

CryptoTicker

More News

Eclair Patches Lightning Flaw That Could Send Channel Balance to Miners

Eclair, a software implementation used to run Bitcoin Lightning Network nodes, has patched a security flaw that could have caused a node's entire channel balance to be paid to Bitcoin miners rather than its rightful owner. No confirmed losses have been reported, but the risk was ...

CoinLineup

Upbit Flags MultiversX EGLD After Reported Mainnet Exploit

Upbit, one of South Korea's largest cryptocurrency exchanges, issued a trading caution notice for EGLD. EGLD is the native token of MultiversX, a blockchain network formerly known as Elrond. Read original article on coinlineup.com

CoinLineup

MultiversX Says Funds Safe, Attacker Accounts Frozen After Exploit

MultiversX paused block production after an attacker targeted a VM-layer atomicity flaw The co-founder says the incident is contained and the attacker’s accounts have been frozen with exchange help A recovery patch is in shadow-fork testing, with execution expected within one to ...

ETHNews.com

MultiversX Halts Mainnet to Repair Invalid State

What MultiversX confirmed The problem involved transaction atomicity. Invalid changes were recorded onchain. Mainnet operations were suspended. A patch entered […] The post MultiversX Halts Mainnet to Repair Invalid State appeared first on Coindoo.

Coindoo

Five Events That Could Move Crypto Markets This Week

Date Catalyst Main exposure September 10–11 U.S. PPI and CPI Bitcoin, altcoins, yields and the dollar September 10 ECB policy […] The post Five Events That Could Move Crypto Markets This Week appeared first on Coindoo.

Coindoo

Bitcoin Price Today: BTC Holds $80,000 Before The Biggest Week Of The Month

Bitcoin sits near $80,000 after a jobs report killed a four-month high. CPI, the Fed and a Senate vote all land in the next ten days.

CryptoTicker

MultiversX Supernova on September 10: The Hard Fork Checklist for EGLD Holders

On September 10, 2026 MultiversX arms the Supernova hard fork and pushes block time down from six seconds to 600 milliseconds. Anyone self-custodying EGLD has nothing to do; anyone holding them on an exchange or staking them should check three things beforehand.

CryptoTicker

Upgrade Separates Consensus and Execution to Address Scaling Limits

High-performance blockchain designs have long wrestled with a structural trade-off: when execution is tied directly to consensus, the network’s throughput becomes limited by how fast validators can process transactions. As research and engineering teams push improvements in final...

CryptoBreaking

Protocol upgrade decouples consensus from execution to solve scaling bottlenecks

CTDG Dev Hub participant’s protocol upgrade decouples consensus from execution, allowing network nodes to reach agreement on blocks before transaction execution completes.

Cointelegraph.com News

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