In the public chain space, MultiversX is a blockchain project focused on high performance, low costs, and sharded scalability.
Its original name was Elrond. Its core goal is very simple: to address issues that arise when traditional blockchains see continuously growing user numbers and transaction volume—namely network congestion, slower processing speeds, and rising transaction fees.
In 2022, Elrond officially upgraded to MultiversX. Its project positioning also evolved from a purely high-performance public chain to broader areas such as Web3, financial technology, DeFi, digital assets, and decentralized applications.
In short, what MultiversX wants to do is:
Make blockchain run faster and at lower cost, while supporting more users and applications.
1. MultiversX's biggest technical feature: sharding
One of MultiversX's most important technologies is adaptive state sharding.
How should this be understood?
Traditional blockchain can be imagined as a highway where all vehicles use the same road. As the number of vehicles increases, traffic congestion becomes likely.
Sharding technology is equivalent to splitting one road into multiple lanes, allowing different transactions to be processed separately, thereby improving the processing efficiency of the entire network.
MultiversX does not simply divide the network into several regions; instead, it combines network, transaction, and state sharding, and through dynamic adjustment, enables the network to handle a large number of transactions more efficiently.
This is also one of the reasons it can achieve high throughput.
2. How fast is MultiversX?
Older materials often mentioned 15,000 TPS, but this data is now relatively outdated.
According to MultiversX's current official materials, its network design goals and performance can reach over 30,000 TPS, with further scalability potential.
The network round time is about 6 seconds.
However, it should be noted that "6 seconds" does not mean all transactions can be finally confirmed within 6 seconds; in particular, cross-shard transactions also involve additional information exchanges.
Therefore, the more accurate statement is:
MultiversX achieves parallel transaction processing through sharding and has a relatively short network processing cycle, thereby improving overall throughput.
As for fees, MultiversX has long maintained a relatively low level, but specific costs vary according to transaction type, Gas consumption, and network parameters, so it is not recommended to simply fix it at "$0.001 per transaction".
3. What is EGLD?
To understand MultiversX, you must first know its native token—EGLD.
EGLD can be understood as the core economic asset in the MultiversX network, mainly used for:
Paying fees, staking, network security, and governance, etc.
When users transfer assets, call smart contracts, and perform other operations on the MultiversX network, they need to pay the corresponding network fees, and EGLD is an important Gas asset.
At the same time, network validators participate in network maintenance and transaction verification by staking EGLD, and receive corresponding rewards according to network rules.
Therefore, EGLD is not simply a token for market trading, but is closely tied to the operating mechanism of the entire MultiversX network.
4. What else is EGLD used for?
1. Pay Gas fees
When users perform on-chain transfers, smart contract calls, and other operations, they need to pay network fees, and EGLD is the main fee asset.
2. Participate in staking
MultiversX uses the Secure Proof of Stake (SPoS) consensus mechanism.
EGLD can be used for staking and to participate in network security and validation mechanisms.
3. Support smart contracts and dApps
Developers can deploy smart contracts on MultiversX and build DeFi, NFT, gaming, payment tools, and other Web3 applications.
This means that EGLD's role is not limited to transfers; it also participates in various on-chain activities across the entire ecosystem.
4. Participate in governance
EGLD is also related to MultiversX's governance system, and eligible participants can take part in some network decisions through governance mechanisms.
5. What can MultiversX do?
MultiversX's goal is not just to build a "transfer chain," but to establish an infrastructure that can support a variety of Web3 applications.
Currently mainly involves:
DeFi: decentralized finance, trading, staking, etc.
Web3 applications: Provide smart contract and application development environments for developers.
Gaming and digital assets: Use higher throughput and lower costs to support frequent on-chain interactions.
Payment scenarios: Use blockchain to transfer digital assets.
In addition, MultiversX is also developing more customized on-chain infrastructure, allowing developers and enterprises to build their own dedicated blockchain environments.
6. The development history of MultiversX
MultiversX was originally called Elrond.
The project was first launched in August 2019, and the mainnet went live in July 2020.
In the early stage, Elrond mainly focused on high-performance public chains, sharding technology, and efficient consensus mechanisms.
In 2022, Elrond was officially upgraded to MultiversX, and the project strategy expanded from a "high-performance blockchain" to a broader Web3 and digital economy ecosystem.
EGLD continues to serve as the network's native asset.
7. Summary
If MultiversX is understood in one sentence:
It is a high-performance, sharding-scaled, low-cost smart contract public chain, and EGLD is the important native asset supporting the entire network economy.
The core highlights of MultiversX can be summarized as:
Sharding expansion → increased throughput
Parallel processing → improved efficiency
SPoS consensus → maintaining network security
EGLD → connecting Gas, staking, and governance
Smart contracts → supporting the Web3 ecosystem
Of course, technical parameters do not equal project value. What will truly be worth paying attention to in the future are the number of developers, ecosystem applications, real on-chain activity, network usage demand, and EGLD's value capture capability.
For investors, researching a project should not only focus on TPS and price, but should also make a comprehensive judgment based on technology, ecosystem, market conditions, and risk factors.$EGLD $GLGG.ETF $AVA #美国初请失业金人数升至20.6万
