1.57%$40.87
EGLD
Loading...
Elrond
RankElrond
Name
Market cap
Price
Volume (24h)
Circulating Supply
Change (24h)
Price Graph (7d)
Elrond
$988,477,99224,184,559EGLD1.57%
Charts
Markets
Social
Tools
Data

Elrond EGLD Price 40.87

What is MultiversX?
MultiversX tries to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology platform for the new internet, which includes the internet of things.
The community and active participants are rewarded with EGLD token. Elrond's native token is Electronic Gold. The store of value currency is used to pay for network usage. The coin can be used as a medium of exchange.
Developers can use smart contracts, protocols, and dApps on the platform. Participants can perform any network action. The Elrond network is managed by EGLD through transaction fees.
The mainnet of MultiversX went live in July 2020.

Who are the founding members of MultiversX?
Brothers Beniamin and Lucian Mincu and Lucian Todea co-founded MultiversX in order to find a solution to the most pressing problem facing the industry.
Beniamin and Lucian Mincu co-founded MetaChain Capital with Beniamin serving as CEO and Lucian Mincu as chief technology officer.
Beniamin Mincu was an early investor in projects such as Zilliqa and Brave, as well as being responsible for product, marketing and community for the platform.
Lucian Todea founded and served as CEO of Soft32, a software review and download site, as well as a partner of mobilPay, a mobile payments application.

What makes MultiversX unique?
MultiversX is a platform for the new internet economy, distributed applications and enterprise use. Its main selling point is that it is the first network in which state, network and transaction sharding have all been implemented.
The network runs on 2,169 validator nodes split into four shards, each capable of 5,400 transactions per second. When the throughput demand is not met, it can scale by adding an additional shard.
The project allows developers to earn 30% of the smart contract fees as royalties in order to increase adoption.
During its first year, the company keeps a supply ofEGLD token to stake on the network.
How does MultiversX work?
The project uses a parallel processing method to speed up the time and increase the number of transactions.
MultiversX uses adaptive state shuffling to scale while sharing infrastructure to support a growing number of applications and transactions on the ledger. A variation of the traditional PoS operational protocol guarantees the connection to the platform of all sections of the network.
MultiversX developers used three different methods to create their own adaptive one.
State sharding is where the history of the network is distributed across different sections of the network. The state of each segment is stored in the segment's own ledger, while transactions are mapped to segments and processed in parallel with the rest of the network.

How many multiversX coins are in circulation?
The MultiversX economic model only has a limited supply of 20,000,000EGLD, with new token minted to reward network validators.
When MultiversX's native token was first made available for purchase through a private sale, 18% of its initial supply was sold, with 7.5% made available immediately upon token generation and another 15% released every three months.
Half of the remaining 56% were reserved for rewards, with 50% released immediately and 50% after six months.
The first 20 billion of MultiversX's token were issued under the name ERD and 500 million of them were burned in November of 2019.

How is MultiversX secured?
MultiversX uses a secure proof-of-stake consensus method in which each validator is assigned a rating score based on past activity, which influences whether or not they are selected. If a validator's rating is too low, it will not be selected and will have to pay fines.
Validators are randomly selected and can't be predicted or changed based on the previous validations. validators are shuffled between shards to prevent collusion.

Where can you buy multiversX?
EGLD can be purchased on a number of exchanges. It can be traded against a number of Cryptocurrencies, including the U.S. dollar and Indonesian rupiah.
Are you interested in buying cryptocurrencies?
Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
EGLD  Statistics
EGLD  Price
$40.87
EGLD  ROI
137.64%
Market rank
#
Market cap
$988,477,992
24 Hour Volume
$22,251,060
C-g Supply
24,184,559
Total supply
23,016,298
All Time High
$43.34
4 грудня 2022 р.
All Time Low
$17.20
4 вересня 2020 р.
52 Week High / Low
$297.43
/ $38.41
90 Day High / Low
$63.76
/ $39.55
30 Day High / Low
$55.45
/ $39.55
Day High / Low
$44.16
/ $41.45
24 Hour High / Low
$43.71
/ $42.77
Yesterday2 H / L
$43.34
/ $43.46
Yesterday2 O / C
$43.46
/ $43.34
Yesterday2 Change
-$0.111863
-0.26%
Yesterday2 Volume
$16,085,180
Rank

Website

Explorer

Community

EGLD  Statistics
EGLD  Price
$40.87
EGLD  ROI
137.64%
Market rank
#
Market cap
$988,477,992
24 Hour Volume
$22,251,060
C-g Supply
24,184,559
Total supply
23,016,298
All Time High
$43.34
4 грудня 2022 р.
All Time Low
$17.20
4 вересня 2020 р.
52 Week High / Low
$297.43
/ $38.41
90 Day High / Low
$63.76
/ $39.55
30 Day High / Low
$55.45
/ $39.55
Day High / Low
$44.16
/ $41.45
24 Hour High / Low
$43.71
/ $42.77
Yesterday2 H / L
$43.34
/ $43.46
Yesterday2 O / C
$43.46
/ $43.34
Yesterday2 Change
-$0.111863
-0.26%
Yesterday2 Volume
$16,085,180
Loading...