MultiversX, formerly known as Elrond, is a technology ecosystem that aims to revolutionize the new internet. It offers a smart contracts execution platform with impressive capabilities, such as 15,000 transactions per second (TPS), 5-second latency, and low transaction costs of $0.001. The platform primarily focuses on fintech, decentralized finance (DeFi), and the Internet of Things (IoT).
Maiar - The Money & DeFi App
One of the main offerings of the MultiversX ecosystem is the Maiar app. It provides users with an intuitive experience in blockchain technology, making it easy for first-time users to engage with decentralized applications. The app emphasizes progressive security measures and adopts a gamified approach, allowing users to unlock additional useful features.
eGold - The Digital Store of Value
The MultiversX ecosystem operates on a Proof of Stake economic model, ensuring a limited supply of tokens. The native token of MultiversX is called eGold, which signifies its role as a digital store of value for the next billion users. As a digital asset, eGold aims to provide users with a reliable and secure means of preserving value.