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What Is MultiversX (EGLD)?
MultiversX is a blockchain protocol designed for high scalability through comprehensive sharding technology, encompassing network, transaction, and state sharding. The platform positions itself as a foundational technology for the new internet, supporting decentralized finance (DeFi), real-world assets, and the Metaverse. Its smart contract execution platform claims a capacity of up to 100,000 transactions per second, with 6-second latency and a transaction cost of $0.002.
### The Role of EGLD
The native token of MultiversX, EGLD (Electronic Gold), serves multiple functions within the ecosystem:
- Network Utility: EGLD is used to pay for transaction fees and network usage.
- Consensus Participation: Validators stake EGLD to secure the network and earn rewards.
- Smart Contract Deployment: Developers use EGLD to deploy and interact with smart contracts, protocols, and decentralized applications (dApps).
- Governance: EGLD holders can participate in network decisions through voting.
By facilitating transactions, staking, and governance, EGLD plays a central role in maintaining and operating the MultiversX blockchain.
Who Are the Founders of MultiversX?
What Makes MultiversX Unique?
How Does MultiversX Work?
How Many MultiversX (EGLD) Coins Are There in Circulation?
How Is MultiversX Secured?
Where Can You Buy MultiversX (EGLD)?
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MultiversX Price Live Data
MultiversX (EGLD) is an emerging force in the digital asset ecosystem, steadily gaining traction and recognition. The current market valuation places MultiversX at $18.38 per token, reflecting a 1.01% slight decline in value during the past 24-hour trading period. This price movement indicates slightly negative market activity within the EGLD ecosystem. Investor engagement with MultiversX remains neutral, with $19,411,560.407 in trading volume recorded across various trading platforms over the last 24 hours. This level of liquidity highlights EGLD's neutral interest and utility within the broader cryptocurrency landscape For comprehensive details regarding MultiversX's development roadmap, technical specifications, and community initiatives, interested parties are encouraged to visit the project's official resource hub at https://multiversx.com/.
