MultiversX (EGLD)

MultiversX (EGLD), formerly known as Elrond, is an innovative, cost-effective blockchain renowned for its exceptional speed and security.
It stands out for its pioneering use of sharding technology, which makes transactions faster and cheaper.
This revolutionary platform aims to transform the world of crypto-assets.
In particular, it facilitates the development of decentralized applications (DApps) by creating a digital ecosystem that integrates the multiverse, NFTs and decentralized finance (DeFi). MultiversX is a state-of-the-art blockchain platform that uses the EGLD token as its primary unit of value.
It offers an ecosystem for the development and execution of DApps, decentralized governance and interoperability between different blockchains.
With its unique adaptive sharding technology and Secure Proof of Stake (SPoS) consensus mechanism, MultiversX aims to solve the scalability and cost issues often associated with traditional blockchains, particularly Ethereum. With a price of $28 per token on August 22, 2024, MultiversX’s capitalization exceeds $750 million (MultiversX price).

Launched in 2020 by brothers Beniamin and Lucian Mincu after 2 years of R&D, MultiversX (formerly Elrond) is the brainchild of a team of cryptography and distributed consensus experts made up of Claudiu Cudrici, CTO, Radu Chis, VP Technology and Sergiu Gavrila, VP Operations.
Their goal: to solve blockchain performance and scaling issues with a new adaptive sharding structure.
The Romanian startup quickly raised funds from well-known investors such as Binance and Electric Capital.
MultiversX used the funds obtained from its investors to achieve two major breakthroughs.
Firstly, it has introduced a “sharding” system that divides its blockchain into 1,000 distinct parts, called “shards”.
This enables MultiversX to manage a very large number of transactions simultaneously, making its network faster and more efficient.
Secondly, it has adopted “Secure Proof of Stake” (SPoS), an advanced and secure method of verifying transactions.
This enhances the overall security and efficiency of its blockchain.
In 2022, Elrond became MultiversX and expanded its vision to include the construction of a blockchain ecosystem.
Under the leadership of its founders and Chief Technical Officer, MultiversX has become one of the most innovative blockchains, offering ultra-fast transactions at very low cost.
In 2023, EGLD launches Hermez 2.0, a revolutionary ZK Rollup solution that enables up to 20,000 TPS while dividing fees by 1,000.
A ZK Rollup is a technology used in blockchains to improve transaction efficiency.
It groups (or “rolls up”) numerous transactions into a single transaction, then uses cryptographic proofs to validate these transactions as a group.
This enables more transactions to be processed more quickly, while maintaining security.

MultiversX’s innovative approach overcomes the limitations of traditional blockchains.
Its adaptive sharding solution dynamically divides the blockchain into sub-chains according to traffic, enabling virtually infinite scaling.
Its Secure Proof of Stake (SPoS) consensus, based on a random selection of validators, ensures the security and speed of transactions.
A validator is a node in the blockchain network that verifies and validates transactions before adding them to the blockchain.
It helps secure the network and receives crypto-currency rewards in return.
This unique combination of cutting-edge technologies results in outstanding performance: minimal fees, throughput of 100,000 TPS and confirmation times in the order of a second.
Thanks to sharding and SPoS, MultiversX pushes the boundaries of blockchains and sets a new benchmark for speed, fees and processing capacity.

EGLD is the unit of payment for transaction fees on the network, which are minimal ($0.01 per transaction).
Tokens are used by validators to secure the blockchain and validate blocks via the Secure Proof-of-Stake consensus mechanism.
EGLD holders can vote on updates to the protocol to participate in the governance of the decentralized network.
The native token also encourages developers and users to contribute to the ecosystem via EGLD rewards.
It provides access to decentralized services on the MultiversX blockchain such as decentralized finance or applications like Maiar Exchange to exchange cryptos, NFT marketplaces like Elrond’s Battle of Guardians to create non-fungible tokens, or lending platforms like Overline.

MultiversX is actively developing new features and projects to extend its blockchain ecosystem.
Partnerships have been forged with major metaverse and Web3 players such as The Sandbox, Decentraland and Polygon to offer immersive experiences and virtual worlds connected to the MultiversX blockchain, with the aim of making blockchain technology transparent to users.
The LKMEX NFT marketplace is expanding rapidly, with the regular introduction of new features to enhance the user experience and attract more creators, with the aim of boosting the adoption of blockchain for non-fungible tokens (NFT).
Finally, the MEX decentralized finance infrastructure (DeFi) is adding new products such as the Maiar lending and borrowing platform and the MEI stablecoin to consolidate financial services without intermediaries.

1. Go to your Coinhouse application and log in to your personal space or create your account.
2. Go to the buy/sell section.
3. Select the amount you wish to invest, and the currency of your choice (in this case EGLD).
4. Once your transaction has been validated, you’ll find your EGLDs in your portfolio.

At Coinhouse, we see the EGLD native token and MultiversX blockchain as one of the promising players in the crypto-asset ecosystem.
With its sharding-based scalability solution and Secure Proof-of-Stake consensus, MultiversX offers attractive performance and transaction fees for the deployment of decentralized applications.
The MultiversX ecosystem is also expanding rapidly, with the development of DeFi services, NFTs and metavers partnerships opening up concrete prospects for adoption.
EGLD is thus positioned as an innovative project with a solid value proposition to address the challenges of scaling up blockchains.
Its experienced team and growing community are also important assets.
For these reasons, we see EGLD as a strategic asset with strong long-term growth potential for crypto-asset investors.
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