Ano ang MultiversX (EGLD)?

MultiversX describes itself as a blockchain platform for the new internet economy, decentralized applications and enterprise use. Its main selling point is its high scalability, stating that it is the first blockchain network in which state, network and transaction sharding have all been implemented. According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset.

To achieve this goal, the network runs on 3,200 validator nodes split into four shards: three execution shards, capable of 5,400 transactions per second each, and one coordination shard, the "Metachain." MultiversX's adaptive state sharding architecture completely shards state, transactions and network. It can scale by adding an additional shard when the throughput demand is unmet. It was tested to run 263,000 TPS in a public environment with 1,500 nodes from 29 countries grouped in 50 shards.

In order to increase adoption, the project also supports developers building on the platform, allowing them to earn 30% of the smart contract fees as royalties.

The company maintains a supply of EGLD tokens to stake on the network during its first year, with validator nodes receiving a 36% annual percentage rate.

The use cases intended for $EGLD include but are not limited to:

• Network transactions: $EGLD is paid by users for transaction fees for interacting with dApps, smart contracts, web3 payments, and NFTs.
• Staking: Users can run validator nodes and stake $EGLD to secure the network. Alternatively, users can also their $EGLD to non-custodial staking services by independent staking service providers.
• Governance: At a later stage, $ELGD token holders can participate in on-chain governance and vote on various improvement proposals.