WEGLD
Wrapped EGLD
+
2.8%
$ 62.22028275
Rank
Name
Price
CAP
Volume 24h
Circulating supply
Change 24h
Graph (7d)
- -Wrapped EGLD$ 62.22028275-$ 4,509,9470 WEGLD+ 2.8%
Wrapped EGLD. Price of cryptocurrency: $ 62.22028275
Is MultiversX (EGLD) a thing?
MultiversX seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology platform for the new internet, which includes the internet of Things.
The community and participants of MultiversX are rewarded with EGLD token. Elrond's native token is called Electronic Gold. It is used to pay for network usage. platform users and validators use the coin as a medium of exchange.
Developers can use smart contracts, protocols, and dAPPS on the platform. Participants are able to perform any network action. The Elrond network is managed by the EGLD through transaction fees.
The mainnet went live in July 2020.
Who are the people who founded MultiversX?
Brothers Beniamin and Lucian Mincu and Lucian Todea co-founded MultiversX in order to find a solution to the most pressing problem facing the industry, which was the problem of blockchain scalability.
Beniamin and Lucian Mincu co-founded MetaChain Capital, a digital asset investment fund, with Beniamin Mincu serving as CEO and Lucian Mincu as chief technology officer.
Beniamin Mincu was an early investor in projects such as Zilliqa and Tezos, as well as being responsible for product, marketing and community for the platform.
Lucian Todea founded and served as CEO of Soft32, a software review and download site, and a partner of mobilPay, a mobile payments application.
What makes MultiversX different?
MultiversX is a platform for the new internet economy. Its main selling point is that it is the first network in which state, network and transaction sharding have been implemented.
The network runs on 2,169 validators split into four shards, each capable of 5,400 transactions per second. When the throughput demand is not met, it can be scaled by adding an additional shard.
The project allows developers to earn 30% of their smart contract fees as royalties in order to increase adoption.
During its first year, the company keeps a supply ofEGLD token to stake on the network, with the validator nodes receiving a 36% annual percentage rate.
What does MultiversX do?
The project uses the parallel processing method to speed up the time and increase the number of transactions.
MultiversX is a comprehensive software that uses adaptive state shuffling to scale while sharing infrastructure to support a growing number of applications. The connection to the platform of all sections of the network is guaranteed by a variation of the traditional PoS operational protocol.
MultiversX developers combined three methods to create their own adaptive one.
State sharding is where the history of the network, or state, is distributed across different sections of the network. The state of each segment is stored in the segment's own ledger, while transactions are mapped to segments and then processed in parallel with the rest of the network.
How manyEGLD coins are in circulation?
The MultiversX economic model has a limited supply that starts at 20,000,000EGLD with new token minted to reward network validators.
When MultiversX's native token was made available for purchase through a private sale, 18% of its initial supply was sold, with 7.5% made available immediately upon token generation and another 15% released every three months.
Half of the remaining 56% was reserved for rewards, with 50% released immediately and 50% after six months.
The first 20 billion of MultiversX's token were issued under the name ERD and 500 million of them were burned in November 2019.
How secure is MultiversX?
MultiversX uses a secure proof-of-stake consensus method in which each validator is assigned a rating score based on their past activity, which influences whether or not they are selected. If a rating is too low, it will not be selected and will have to pay fines.
Validators are randomly selected in a way that can't be predicted or changed based on previous validations. validators are shuffled between shards in order to prevent collusion.
Where can I buy multiversX?
EGLD can be purchased on several exchanges. It can be traded against a variety of Cryptocurrencies, including the U.S. dollar and Indonesian rupiah.
Are you interested in buying Cryptocurrencies?
MultiversX seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology platform for the new internet, which includes the internet of Things.
The community and participants of MultiversX are rewarded with EGLD token. Elrond's native token is called Electronic Gold. It is used to pay for network usage. platform users and validators use the coin as a medium of exchange.
Developers can use smart contracts, protocols, and dAPPS on the platform. Participants are able to perform any network action. The Elrond network is managed by the EGLD through transaction fees.
The mainnet went live in July 2020.
Who are the people who founded MultiversX?
Brothers Beniamin and Lucian Mincu and Lucian Todea co-founded MultiversX in order to find a solution to the most pressing problem facing the industry, which was the problem of blockchain scalability.
Beniamin and Lucian Mincu co-founded MetaChain Capital, a digital asset investment fund, with Beniamin Mincu serving as CEO and Lucian Mincu as chief technology officer.
Beniamin Mincu was an early investor in projects such as Zilliqa and Tezos, as well as being responsible for product, marketing and community for the platform.
Lucian Todea founded and served as CEO of Soft32, a software review and download site, and a partner of mobilPay, a mobile payments application.
What makes MultiversX different?
MultiversX is a platform for the new internet economy. Its main selling point is that it is the first network in which state, network and transaction sharding have been implemented.
The network runs on 2,169 validators split into four shards, each capable of 5,400 transactions per second. When the throughput demand is not met, it can be scaled by adding an additional shard.
The project allows developers to earn 30% of their smart contract fees as royalties in order to increase adoption.
During its first year, the company keeps a supply ofEGLD token to stake on the network, with the validator nodes receiving a 36% annual percentage rate.
What does MultiversX do?
The project uses the parallel processing method to speed up the time and increase the number of transactions.
MultiversX is a comprehensive software that uses adaptive state shuffling to scale while sharing infrastructure to support a growing number of applications. The connection to the platform of all sections of the network is guaranteed by a variation of the traditional PoS operational protocol.
MultiversX developers combined three methods to create their own adaptive one.
State sharding is where the history of the network, or state, is distributed across different sections of the network. The state of each segment is stored in the segment's own ledger, while transactions are mapped to segments and then processed in parallel with the rest of the network.
How manyEGLD coins are in circulation?
The MultiversX economic model has a limited supply that starts at 20,000,000EGLD with new token minted to reward network validators.
When MultiversX's native token was made available for purchase through a private sale, 18% of its initial supply was sold, with 7.5% made available immediately upon token generation and another 15% released every three months.
Half of the remaining 56% was reserved for rewards, with 50% released immediately and 50% after six months.
The first 20 billion of MultiversX's token were issued under the name ERD and 500 million of them were burned in November 2019.
How secure is MultiversX?
MultiversX uses a secure proof-of-stake consensus method in which each validator is assigned a rating score based on their past activity, which influences whether or not they are selected. If a rating is too low, it will not be selected and will have to pay fines.
Validators are randomly selected in a way that can't be predicted or changed based on previous validations. validators are shuffled between shards in order to prevent collusion.
Where can I buy multiversX?
EGLD can be purchased on several exchanges. It can be traded against a variety of Cryptocurrencies, including the U.S. dollar and Indonesian rupiah.
Are you interested in buying Cryptocurrencies?