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MultiversX

MultiversX EGLD Price $ 28.77

Rank: 94

3328 Watchlists

Chain

EGLD Price

28.77
0.29%
(-$ 0.0832)
Price Range
LowHigh
$ 28.13$ 29.07

Elrond (EGLD) has been rebranded to MultiversX. For more information kindly check this announcement: https://twitter.com/ElrondNetwor...

General Info

Tags (Sub-Categories):

#Coin

Funds and Backers

Description

MultiversX (previously Elrond) is a highly scalable, secure and decentralized blockchain network.

MultiversX (EGLD) Chart

MultiversX price Index provides the latest EGLD price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

EGLD to USD Converter

MultiversX (EGLD)EGLD

IEO

10 Jul — 10 Jul 2019

Raised

$ 3.25M

Price:

$ 0.650

ROI:

44.26x  +4,326%

Platform:

N/A

ATH ROI:

833.83x  +83,283%

EGLD Price Statistics

leaderboard

Market Cap

$ 779.35M

Fully diluted value

FDV

$ 903.74M

ATH Market Cap

$ 10.90B

24 Trade Vol.

$ 10.16M


Vol. (24h) / MCap

0.013

Max Supply

EGLD 31,415,926

Total Supply

EGLD 27,097,028

Circulating Supply

EGLD 27.09M

(86.2% of Max Supply)

Listing Date

2 Jul 2019

IEO Price

$ 0.650

10 Jul 2019

IEO ROI

4,326%

44.26x

All Time High

$ 541.99

23 Nov 2021


All Time Low

$ 6.49

7 Oct 2020


From ATH

94.7%

From ATL

343.5%

What is MultiversX (EGLD)?

MultiversX (formerly Elrond) is a highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier.

The EGLD token is the centerpiece powering one of the most ambitious Metaverse ecosystems in the world, securing the network via staking, and enabling accessibility and value exchanges across all of its applications and worlds.

EGLD is MultiversX's native cryptocurrency, it is used to interact with applications, send transactions, and incentivize participants supporting the network.

What are EGLD key features and how does it work?

Unique to MultiversX are its sharding and proof-of-stake designs that are fundamental to the network’s ability to process about 12,500 transactions per second.

Adaptive State Sharding works by splitting the network into shards. This means that nodes are split into subsets and only process a fraction of the network’s transactions. Once transactions are processed, the shards send them to MultiversX’s central blockchain where they are finalized. In order to prevent any collusion, one-third of nodes validating transactions in each shard are swapped out to a new shard every 24 hours.

The MultiversX network uses Secure Proof-of-Stake (SPoS), similar to traditional PoS, to secure the network, validate transactions, and distribute newly minted EGLD coins. It is used because Elrond’s network consists of shards instead of a single chain, as such the mechanism selects validating nodes to produce blocks within a shard rather than the entire network. 

To achieve finality, validators must check the work of block producers and sync with other shards within the network. Once a set of transactions are successfully added to the MultiversX's blockchain, EGLD tokens are rewarded to the contributors. 

Developers can use the Elrond Integrated Development Environment to write and launch customizable programs. A variety of programming languages are compatible with the network and can be used to create custom smart contracts and design new dApps that offer a variety of products and services.

Also, MultiversX is hoping to deploy Elrond Standard Digital Tokens (ESDTs) which can be tokenized stablecoins, synthetic assets, and fiat currencies that run on top of the Elrond Network.

What can MultiversX be used for?

MultiversX developers are seeking to create a blockchain that is at the heart of a global, borderless and fully accessible digital economy. As such, the platform has a variety of use cases. 

The Maiar mobile dApp is a prime example. It is a wallet that has a number of features that tie in with the broader goals of MultiversX. Maiar is an incredibly fast and privacy-focused browser. Users also have the ability to store, stake, send, and receive eGLD coins and also to purchase eGLD tokens right from the wallet using more than 150 different fiat currencies.

Also, MultiversX is compatible with NFTs and they are supported by its NFT framework called Smart Accounts. They allow users to store large amounts of information, for example, emails, bitcoin addresses, health data, proof of citizenship, directly in their MultiversX Network account. This opens up MultiversX to a multitude of different use cases across a variety of sectors.

MultiversX Price Today

MultiversX's current price is $ 28.77, it has dropped -0.29% over the past 24 hours.

MultiversX's All Time High (ATH) of $ 541.99 was reached on 23 Nov 2021, and is currently -94.7% down.

The current circulating supply of MultiversX is 27.09 Million coins, and the maximum supply of MultiversX is 31.42 Million.

MultiversX’s 24 hour trading volume is $ 10.16 Million.

MultiversX (EGLD) operates on its own blockchain.

MultiversX's current share of the entire cryptocurrency market is 0.03%, with a market capitalization of $ 779.35 Million.

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