MultiversX

## About MultiversX What is MultiversX MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost. MultiversX is governed and secured through the EGLD token. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators participate in the consensus process. EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rew... ### Categories Artificial Intelligence (AI), Smart Contract Platform, Layer 1 (L1), MultiversX Ecosystem, Binance Launchpad, DWF Labs Portfolio, Proof of Stake (PoS), YZi Labs (Prev. Binance Labs) Portfolio, GMCI Layer 1 Index, GMCI Index, AI Framework, Coinbase 50 Index ### Available On Unknown ### Potential Airdrop Check the official project channels for airdrop announcements and token distribution events.

Visit the official MultiversX website and social channels to learn about potential airdrops and token distribution events.