MultiversX

MultiversX (EGLD): The Next-Generation Blockchain Platform

MultiversX, known by its token symbol EGLD, is a highly scalable, secure, and decentralized blockchain platform designed to provide a seamless infrastructure for the next internet economy. Previously known as Elrond, MultiversX represents a significant leap forward in blockchain technology, offering impressive transaction speeds and innovative architecture that addresses the scalability issues faced by many older blockchain networks.

What is EGLD?

EGLD (eGold) is the native cryptocurrency of the MultiversX blockchain. It serves as the backbone of the MultiversX ecosystem, powering transactions, smart contracts, and decentralized applications (dApps) built on the network. EGLD is designed to be a store of value token that combines the best attributes of both utility and monetary policy, making it not just a transaction medium but also a potential digital investment asset.

How Does EGLD Work?

MultiversX (EGLD) operates on a unique architecture that implements three key innovations:

• Adaptive State Sharding: This divides the blockchain into multiple shards that process transactions in parallel, dramatically increasing throughput capacity.
• Secure Proof of Stake (SPoS): An improved consensus mechanism that maintains security while requiring significantly less energy than traditional Proof of Work systems.
• Arwen Virtual Machine: A highly efficient execution engine that enables the deployment of smart contracts with near-instant finality.

Together, these technologies allow MultiversX to process up to 15,000 transactions per second with 6-second latency and minimal fees, making EGLD one of the fastest and most efficient cryptocurrencies on the market.

EGLD Staking: Securing the Network While Earning Rewards

MultiversX (EGLD) offers robust staking options as part of its Secure Proof of Stake consensus mechanism. EGLD holders can participate in network security in several ways:

1. Direct Staking: Users can operate validator nodes by staking a minimum of 2,500 EGLD, earning rewards for validating transactions and maintaining network integrity.
2. Delegation: For those with smaller holdings, EGLD can be delegated to existing validators for a portion of the rewards, with no minimum requirement.
3. Liquid Staking: Through the MultiversX DeFi ecosystem, users can access liquid staking options that provide staking rewards while maintaining liquidity.

The current EGLD staking rewards typically range between 8-14% annually, varying based on the total amount of EGLD staked network-wide. This staking mechanism not only rewards participants but also ensures the network's security and decentralization.

Can EGLD Be Mined?

Unlike cryptocurrencies that use Proof of Work consensus (like Bitcoin), EGLD cannot be "mined" in the traditional sense. Instead, new EGLD tokens are minted through the Secure Proof of Stake consensus process as rewards for validators and delegators who stake their existing EGLD tokens to secure the network. This environmentally friendly approach eliminates the need for energy-intensive mining operations while maintaining robust network security.

What is EGLD Used For?

EGLD serves multiple purposes within the MultiversX ecosystem:

• Transaction Fees: All operations on the MultiversX blockchain require small EGLD payments to prevent spam and compensate validators.
• Smart Contract Operations: EGLD powers the deployment and execution of smart contracts and dApps.
• Governance: EGLD holders can participate in governance decisions affecting the network's future.
• Value Exchange: As a digital asset, EGLD can be traded or held as an investment.
• DeFi Applications: EGLD is central to the growing MultiversX DeFi ecosystem, enabling lending, borrowing, and liquidity provision.
• NFT Marketplace Transactions: The MultiversX NFT ecosystem uses EGLD for purchases and royalty payments.

EGLD Token Distribution and Launch

MultiversX (EGLD) launched with a well-structured token distribution designed to ensure long-term sustainability and fair allocation:

• Initial Supply: The genesis block created 20,000,000 EGLD tokens.
• Distribution Breakdown:
  • Ecosystem Support (19.89%): Reserved for ecosystem growth, partnerships, and marketing
  • Team (18.52%): Allocated to project founders and team, with a 4-year vesting period
  • Private Sale (13.89%): Early investors with vesting schedules
  • Community Rewards (15.28%): Distributed through staking rewards and ecosystem incentives
  • Public Sale (8.39%): Tokens sold during the initial exchange offering
  • Reserve Fund (7.5%): Maintained for future ecosystem development
  • Advisors (2.78%): Allocated to project advisors with vesting

The maximum supply of EGLD is capped at 31,415,926 tokens, with the remaining tokens to be gradually released through staking rewards over time. This controlled emission schedule helps maintain scarcity while incentivizing network participation.

Additional Notable Features of MultiversX (EGLD)

MultiversX offers several unique advantages that distinguish it in the blockchain space:

• Carbon-Negative Operations: MultiversX has achieved carbon-negative status through strategic sustainability initiatives.
• Cross-Chain Interoperability: The network is designed to communicate with other blockchains through its bridge technology.
• MultiversX xPortal: A Super App that combines wallet functionality, financial services, and social features.
• Enterprise Solutions: MultiversX provides specialized blockchain solutions for businesses through its enterprise offerings.
• Web3 Payments Infrastructure: Supporting global digital payments with near-instant finality and minimal fees.

Trading EGLD is now more accessible than ever with automated trading bots like Cryptohopper. These tools allow anyone to trade EGLD on various exchanges using sophisticated algorithms that can help optimize entry and exit points. Whether you're an experienced trader or just getting started in cryptocurrency, automated trading solutions provide a convenient way to participate in the EGLD market.

As MultiversX continues to expand its ecosystem with new applications, partnerships, and technological advancements, EGLD remains at the center of this ambitious vision for a more efficient, accessible, and interconnected blockchain future.