MultiversXis a decentralized blockchain technology developed for use in various industries, especially the financial sector. EGLD coinis the native cryptocurrency of this platform and is used to secure the network, process transactions and execute smart contracts. MultiversX attracts attention with its fast transaction capacity and low transaction fees.
MultiversX Technology and Features
The MultiversX blockchain uses the ‘Secure Proof of Stake’ (SPoS) consensus mechanism. This mechanism aims to reduce energy consumption while increasing network security. Additionally, the platform is scalable to reach 100,000 TPS (transactions per second). MultiversX’s infrastructure is supported by ‘sharding’ technology, thus increasing transaction speed while preserving data integrity.
EGLG Coin Usage Areas and Functionality
MultiversX is used across a variety of industries, particularly financial services, education, healthcare, and supply chain management. The platform provides users with a high level of security, transparency and speed, providing an ideal environment for decentralized finance (DeFi) applications and tokenized assets.
Investment Potential and Future
MultiversX (EGLD) has an important place in the cryptocurrency market and attracts the attention of investors with its constantly developing technology. The scalability and high transaction speed provided by the platform carries the potential for greater institutional adoption in the future. Additionally, the ever-increasing dApp ecosystem and partnership network has the potential to increase the value of EGLD.
