MultiversX (EGLD) a smart contract platform, started out as Elrond. It distinguishes itself with Adaptive State Sharding and Secure Proof-of-Stake (SPoS) technologies, foundational for its scalability. This enables the platform to handle about 12,500 transactions per second, comparable to networks such as Ethereum.
MultiversX has ventured into metaverse development through initiatives like xFabric, xPortal, and xWorlds, aiming to broaden its ecosystem and emphasize its focus on technological advancement and digital space exploration. The platform accommodates Rust, C, and C++ for smart contract and decentralized application (dApp) development, fostering a developer-friendly environment that encourages innovation in blockchain technology.
The shift to EGLD tokens in 2020, aligned with its mainnet launch, indicates its commitment to ongoing improvements and flexibility. MultiversX employs Adaptive State Sharding to efficiently scale its infrastructure, supporting the growing demand for transactions and applications. This method ensures transaction and application processing efficiency.
With its Proof-of-Stake mechanism, MultiversX aims to optimize network security and consensus, reducing the energy consumption typical of conventional PoS systems. This approach ensures a dynamic network environment by frequently reassigning nodes across shards, enhancing integrity and deterring collusion.
