EGLDUSD
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About EGLD
Layer 1
Jul 1, 2019
MultiversX is an internet-scale blockchain platform that uses adaptive state sharding to achieve high throughput and low latency transactions. The network can process up to 263,000 transactions per second with average transaction costs of approximately $0.002. EGLD (eGold) serves as the native token for transaction fees, staking rewards, and network governance. The platform employs Secure Proof of Stake (SPoS) consensus with over 3,200 validator nodes ensuring decentralization. MultiversX supports smart contracts written in multiple programming languages compiled to WebAssembly (WASM). The platform is carbon neutral and focuses on sustainability while providing enterprise-grade blockchain infrastructure. Developers receive 30% of gas fees as royalties when users interact with their smart contracts.
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