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What is MultiversX (EGLD)?

MultiversX (formerly Elrond) is a blockchain network designed for scalability, security, and decentralization. It aims to support innovative applications for users, businesses, and the metaverse. The EGLD token is central to the MultiversX ecosystem, securing the network through staking and facilitating value exchange. EGLD is used for transactions, application interaction, and incentivizing network participation. Key features include sharding and proof-of-stake, enabling high transaction speeds. Adaptive State Sharding splits the network into shards, processing transactions in parallel. Secure Proof-of-Stake (SPoS) secures the network and distributes EGLD. Developers can create custom programs using the Elrond Integrated Development Environment. MultiversX also supports Elrond Standard Di...

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