MultiversX (formerly known as Elrond) is a leading cryptocurrency and technology ecosystem that aims to revolutionize the internet. With a focus on fintech, decentralized finance (DeFi), and the Internet of Things (IoT), MultiversX offers a smart contracts execution platform capable of handling an impressive 15,000 transactions per second (TPS), with just 5 seconds of latency and a transaction cost as low as $0.001.
One of the flagship products of MultiversX is its money and DeFi application called Maiar. Designed to offer an intuitive first-time blockchain experience, Maiar provides progressive security measures and a gamified approach to unlocking more powerful features. With Maiar, users can easily manage their cryptocurrencies, participate in decentralized finance activities, and explore a wide range of blockchain-based applications.
MultiversX envisions a world where the internet is more efficient, secure, and accessible to everyone. By leveraging blockchain technology and a robust smart contracts execution platform, MultiversX aims to enable seamless financial transactions, decentralized applications, and IoT connectivity.
The economic model of MultiversX is based on a Proof of Stake (PoS) consensus algorithm with a limited supply of tokens. The native token of MultiversX is called eGold, which symbolizes the concept of digital store of value for the next billion users.
With its innovative technology and forward-thinking approach, MultiversX is poised to shape the future of the new internet by enabling faster, more secure, and more inclusive digital experiences.