MultiversX Price (EGLD)

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1 EGLD =$43.98Last updated:
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About MultiversX (EGLD)

Elrond, represented by the symbol EGLD, is a blockchain platform designed for high throughput and fast execution speed. It achieves this through Adaptive State Sharding and Secure Proof of Stake (PoS) mechanisms, enabling linear scalability. The platform can process over 10,000 transactions per second with low latency and transaction costs, while remaining permissionless and globally accessible. Elrond's team comprises experienced individuals from tech giants like Microsoft, Google, and Intel, with expertise in blockchain technology.

Key innovations in Elrond's architecture include Adaptive State Sharding, which involves transaction, data, and network sharding with an adaptive mechanism for shard merges and splits. Secure Proof of Stake (SPoS) enables block production consensus in two communication rounds using modified BLS multi-signatures. The platform also features mechanisms to manage malicious attacks, secure randomness beacon, and smart contract balancing in shards for parallel execution. Cross-shard transactions benefit from fast finality through a dispatching algorithm and routing protocol.

Overall, Elrond's technology focuses on scalability, security, and efficiency in blockchain operations. With its innovative features and experienced team, Elrond aims to provide a high-performance blockchain solution for various use cases in the decentralized finance and digital asset space.

How does MultiversX work?

MultiversX (EGLD) operates as a decentralized platform that enables peer-to-peer transactions through its underlying blockchain technology. Utilizing a proof-of-stake consensus mechanism, MultiversX ensures secure and efficient validation of transactions without the need for intermediaries. Its unique features include smart contracts, tokenization capabilities, and cross-chain interoperability, allowing for seamless integration with various platforms and industries. This decentralized nature distinguishes MultiversX from traditional financial systems by providing transparency, security, and efficiency in transactions. Its use cases span across finance, gaming, supply chain management, and more, showcasing its versatility and potential to revolutionize multiple sectors through its innovative functionalities.

How to keep your MultiversX (EGLD) safe?

To keep your MultiversX (EGLD) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets provide offline storage and encryption of your private keys, protecting your assets from potential cyber threats. Additionally, trusted platforms like Coinbase, YouHodler, and OKX offer secure storage options and advanced security features to safeguard your MultiversX holdings. By utilizing these platforms and wallets, you can ensure the safety of your EGLD investments and have peace of mind knowing your assets are protected.