MultiversX
What is MultiversX MultiversX is a blockchain protocol that achieves true horizontal scalability by sharding all aspects of the network, including the network, transactions, and state. The project describes itself as a technology ecosystem for the new internet, including decentralized finance, real-world assets, and the metaverse. Its smart contract execution platform reportedly enables up to 100,000 transactions per second, 6-second latency, and transaction costs of$0.002.MultiversX uses the EGLD token for governance and security.EGLD, or Electronic Gold, is the native token of MultiversX. It serves as a store of value used to pay network usage fees. The token also acts as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD, while validators participate in the consensus process.EGLD enables developers to deploy smart contracts, protocols, and dApps on the platform. It enables participants to perform any network operation. Through staking and validation rewards as well as transaction fees,EGLD manages the MultiversX network. In addition,EGLD serves as a governance token, allowing holders to vote on network decisions.MultiversX How It Works According to the MultiversX crypto team, the project implements types of parallelization using a parallel processing approach: state, transaction, and network, reducing time and increasing the number of transactions.MultiversX scales using adaptive state sharding while sharing infrastructure to support the growing number of applications/transactions on the ledger. A variant of traditional PoS used to run the protocol ensures that all parts of the network separated during sharding remain connected to the platform. Thus, the integrated environment supports the development of dApps, which are replicas of products and services.MultiversX combines sharding methods to create its unique adaptive approach. It divides the network into shards: execution shards that process transactions and validate 30,000 transactions per second; the fourth shard is the Metachain, which coordinates and finalizes transactions. The shard types include: state sharding, in which the network’s history or state is distributed across different parts of the network, or shards. Each segment has its own ledger, and nodes store the state of each segment; transaction sharding, in which transactions are mapped to and processed by shards, with shards processing transactions in parallel while nodes obtain the state of the entire network; and network sharding, in which nodes are grouped into shards and then processed. Network sharding helps optimize communication.MultiversX’s Unique Features MultiversX describes itself as a blockchain platform for the new internet economy, decentralized applications, and enterprise use. Its main selling point is high scalability, and it claims to be the first blockchain network to implement state, network, and transaction sharding simultaneously. According to its economics paper, it seeks to establish its ecosystem and establish EGLD as a store-of-value asset. To achieve this, the network operates on 3,200 validator nodes divided into shards: execution shards, which can process up to 100,000 transactions per second in total; and coordination shard, the “Metachain.”MultiversX’s adaptive state sharding architecture fully shards state, transactions, and the network. It can scale by adding additional shards as throughput demand increases. It was tested in a public environment at 263,000 TPS, with 29 nodes from 1,500 countries, divided into 50 shards. To increase adoption, the blockchain also supports developers building on the platform, allowing them to receive 30%。
Overview
What is MultiversX MultiversX is a blockchain protocol that achieves true horizontal scalability by sharding all aspects of the network, including the network, transactions, and state. The project describes itself as a technology ecosystem for the new internet, including decentralized finance, real-world assets, and the metaverse. Its smart contract execution platform reportedly enables up to 100,000 transactions per second, 6-second latency, and transaction costs of$0.002.MultiversX uses the EGLD token for governance and security.EGLD, or Electronic Gold, is the native token of MultiversX. It serves as a store of value used to pay network usage fees. The token also acts as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD, while validators participate in the consensus process.EGLD enables developers to deploy smart contracts, protocols, and dApps on the platform. It enables participants to perform any network operation. Through staking and validation rewards as well as transaction fees,EGLD manages the MultiversX network. In addition,EGLD serves as a governance token, allowing holders to vote on network decisions.MultiversX How It Works According to the MultiversX crypto team, the project implements types of parallelization using a parallel processing approach: state, transaction, and network, reducing time and increasing the number of transactions.MultiversX scales using adaptive state sharding while sharing infrastructure to support the growing number of applications/transactions on the ledger. A variant of traditional PoS used to run the protocol ensures that all parts of the network separated during sharding remain connected to the platform. Thus, the integrated environment supports the development of dApps, which are replicas of products and services.MultiversX combines sharding methods to create its unique adaptive approach. It divides the network into shards: execution shards that process transactions and validate 30,000 transactions per second; the fourth shard is the Metachain, which coordinates and finalizes transactions. The shard types include: state sharding, in which the network’s history or state is distributed across different parts of the network, or shards. Each segment has its own ledger, and nodes store the state of each segment; transaction sharding, in which transactions are mapped to and processed by shards, with shards processing transactions in parallel while nodes obtain the state of the entire network; and network sharding, in which nodes are grouped into shards and then processed. Network sharding helps optimize communication.MultiversX’s Unique Features MultiversX describes itself as a blockchain platform for the new internet economy, decentralized applications, and enterprise use. Its main selling point is high scalability, and it claims to be the first blockchain network to implement state, network, and transaction sharding simultaneously. According to its economics paper, it seeks to establish its ecosystem and establish EGLD as a store-of-value asset. To achieve this, the network operates on 3,200 validator nodes divided into shards: execution shards, which can process up to 100,000 transactions per second in total; and coordination shard, the “Metachain.”MultiversX’s adaptive state sharding architecture fully shards state, transactions, and the network. It can scale by adding additional shards as throughput demand increases. It was tested in a public environment at 263,000 TPS, with 29 nodes from 1,500 countries, divided into 50 shards. To increase adoption, the blockchain also supports developers building on the platform, allowing them to receive 30%。