**Discover MultiversX: The Next Generation Blockchain Protocol for the Decentralized Economy**

MultiversX stands at the forefront of blockchain innovation, engineered for a new era of digital interaction and resource sharing. This robust blockchain protocol is distinguished by its groundbreaking approach to scalability, seamlessly integrating three forms of sharding: Network, Transaction, and State. This architecture allows MultiversX to deliver unmatched performance with the capability of processing an astounding 100,000 transactions per second, latency as low as 6 seconds, and incredibly affordable transaction fees of just $0.002.

At the heart of the MultiversX ecosystem lies EGLD, its native token, designed not only as a medium of exchange but also as a store of value critical for network operations. Users utilize EGLD for transaction fees, while validators earn rewards and engage in the consensus mechanism, fostering a vibrant and secure network. Beyond mere currency, EGLD empowers developers to deploy decentralized applications (dApps) and smart contracts, enhancing functionality and creativity on the platform, all while facilitating governance through token-holder voting mechanisms.

What sets MultiversX apart is its unique Adaptive State Sharding technology. This dynamic system efficiently distributes both state and transaction data across various shards, ensuring high throughput and optimal resource utilization. With a tested capacity of 263,000 transactions per second in real-world scenarios, MultiversX is designed to scale effortlessly in response to increasing demand.

The platform also champions developer engagement by allowing them to earn 30% of smart contract fees, ensuring a lucrative environment for innovation. Backed by a dedicated network of 3,200 validator nodes, MultiversX is not only a pioneer in blockchain scalability but also a home for decentralized finance, real-world asset integration, and immersive metaverse experiences.

Join us in exploring MultiversX, where the vision of a decentralized internet economy becomes a reality. Experience the future of blockchain technology today!

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 rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions. 

How does MultiversX Work 

According to the MultiversX crypto team, the project implements three types of parallelization: state, transactions, and network, using the parallel processing method to speed up the time and increase the number of transactions. MultiversX uses Adaptive State Sharding to scale while sharing infrastructure to support a growing number of applications/transactions on the ledger. A variation of the traditional PoS operational protocol guarantees the connection to the platform of all sections of the network, separated during sharding. Hence, the integrated environment is involved in the development of dApps, which are imitations of products and services. MultiversX combines three sharding methods to create its own unique adaptive one. It divides the network into four shards: three being execution shards that process transactions, validating 30,000 transactions per second, and Metachain is the fourth shard that coordinates and completes transactions. Sharding types include: State sharding where the history of the network, or state, is distributed across different sections of the network, or shards. Segments have their own ledger, nodes store the state of each segment; Transaction sharding where transactions are mapped to segments and processed, segments process transactions in parallel and nodes capture the state of the entire network; Network sharding where the nodes are grouped into segments and then processed. Network slicing contributes to optimizing communications. 

What makes MultiversX Unique 

MultiversX describes itself as a blockchain platform for the new internet economy, decentralized applications and enterprise use. Its main selling point is its high scalability, stating that it is the first blockchain network in which state, network and transaction sharding have all been implemented. According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset. To achieve this goal, the network runs on 3,200 validator nodes split into four shards: three execution shards, capable of up to 100,000 transactions per second in total, and one coordination shard, the "Metachain." MultiversX's adaptive state sharding architecture completely shards state, transactions and network. It can scale by adding additional shards when the throughput demand requires. It was tested to run 263,000 TPS in a public environment with 1,500 nodes from 29 countries grouped in 50 shards. To increase adoption, the blockchain also supports developers building on the platform, allowing them to earn 30% of the smart contract fees as royalties.


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