EGLD, formerly known as eGold, is the native cryptocurrency of MultiversX, a blockchain platform that rebranded from Elrond(former in 2017)in November 2022. MultiversX aims to be a high-throughput, scalable, and secure blockchain for distributed applications, enterprise use cases, and the new internet economy. It focuses on areas like decentralized finance (DeFi), real-world assets, and the metaverse, positioning itself as a technology ecosystem for Web3.
The platform’s architecture is built on two key innovations: Adaptive State Sharding, which dynamically partitions the blockchain into smaller units (shards) for parallel processing, and Secure Proof-of-Stake (SPoS), an energy-efficient consensus mechanism. These features aim to achieve global scalability, fast finality, and high resiliency to attacks, with claims of handling up to 100,000 transactions per second, 6-second latency, and transaction costs as low as $0.002.
MultiversX Machine 