MultiversX Price (EGLD)

EGLD is the native token of MultiversX. It’s used for network operations, paying transaction fees, and powering smart contracts, protocols, and dApps. It also helps maintain the network through staking and fees. Plus, as a governance token, EGLD lets holders participate in decision-making.

MultiversX speeds things up by using parallel processing across three types of parallelization: state, transactions, and network. This helps handle more transactions at once. It uses Adaptive State Sharding to scale while keeping infrastructure efficient for more apps and transactions. A modified Proof of Stake (PoS) protocol ensures all network parts stay connected even when sharded. This makes it easier to build decentralized apps (dApps). MultiversX combines three sharding methods: State Sharding: Distributes the network's history across different parts, with each segment having its own ledger. Transaction Sharding: Transactions are mapped and processed by segments, letting them run in parallel. Network Sharding: Grouping nodes into segments to optimize communication. The network is divided into four shards: three execution shards handling 30,000 transactions per second, and one Metachain shard that coordinates everything.

MultiversX uses an adapted proof-of-stake (PoS) mechanism for consensus. Validators are key to keeping the network secure and running smoothly, ensuring everything works as it should.

MultiversX, originally called Elrond, was founded in 2017 by COO Lucian Todea and brothers Beniamin and Lucian Mincu, who serve as CEO and CIO. Todea is a well-known tech entrepreneur and angel investor, while Beniamin Mincu is an early blockchain adopter and pioneer in Europe.

MultiversX has a limited supply, starting at 20,000,000 EGLD. The maximum supply is capped at 31,415,926 EGLD, but it’ll decrease over time as more transactions are processed. As of now, the circulating supply is 26,693,126 EGLD tokens.

MultiversX stands out with its scalable blockchain designed for today’s internet economy and decentralized apps. It uses state, network, and transaction sharding to boost scalability. Its focus is on strengthening its ecosystem, with EGLD as a store-of-value. The network runs on 3,200 validator nodes split into four shards (three for execution, one for coordination), allowing for high-speed processing. Plus, developers get 30% of smart contract fees as royalties, making it developer-friendly.

You can buy EGLD directly on EXMON using a debit or credit card. It’s also available for trading with other cryptocurrencies on the platform. The live EGLD price updates in real time. For more details, check out the "How to Buy MultiversX (EGLD)" guide.