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MultiversX

MultiversX EGLD Price

$44.43 7.2577%
  • BTC 0.0007
  • ETH 0.01

MultiversX Price chart

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Statistics

MultiversX Price $44.43 All-time high $545.64 Days since ATH 881
Price change $3.01 (7.2577%) Date of ATH Nov 23, 2021 % of ATH -91.86%

MultiversX Review

MultiversX (code: EGLD)

Founded Date: May 31, 2018

Founders:

Beniamin Mincu
Beniamin Mincu
Co-founder & CEO
Lucian Mincu
Lucian Mincu
Co-founder & CIO
Lucian Todea
Lucian Todea
Co-Founder & COO

MultiversX(EGLD) - Coin Trading Data

MultiversX Price $44.43
Ticker EGLD
Market Capitalization $1.19B
Fully Diluted Valuation (FDV) $1.19B
Value 24h low $40.47
Value 24h high $45.26
Trade Volume for 24h $24.63M
Current Circulating Supply 26.84M
Maximum Supply 26.85M
Algorithm
ICO Price and ICO ROI 0.00065 USD 68353.85x
Price Change 24h % 7.2577%
EGLD quote $44.43
Fully Diluted Valuation (FDV) $1.19B

MultiversX(EGLD) ATH - All Time High Price

MultiversX ATH Price $545.64
EGLD quote 881
ATH Date Nov 23, 2021
All Time High % -91.86%

Elrond Profile

Elrond is a blockchain protocol that provides fast transactions using both sharding technology and smart contracts. Elrond's main advantage is its high performance, allowing it to process 15,000 transactions per second with a latency of six seconds and a $0.001 fee.

The main goal of the project was to create a decentralized network that can provide the same or higher level of performance than centralized networks, and provide users with a higher level of privacy.

Elrond's main advantage is its high scalability. The developers state that they have created a new blockchain, which is the first of its kind to provide parallel sharding of state, network and transactions.

In the Elrond team's concept, their project's blockchain should differ from its analogues in the number of parameters:

  • Elrond is more scalable than most popular analogs.
  • The network ensures absolute confidentiality of information within the network.
  • Elrond is invulnerable to the censorship that all modern technology and Internet applications display.

Elrond History

  • In late 2017, Elrond was announced by brothers Benjamin and Lucian Mincu along with Lucian Todea as a solution to the blockchain scalability problem
  • In 2020, Elrond is launched combined with the major network mainnet.
  • In September 2022, the Opera Web browser announced the integration of Elrond blockchain services for easy access to dApps and other services via its own cryptocurrency wallet. Opera users now have access to Elrond Standard Digital Token (ESDT), in addition to native EGLD tokens.
  • On November 3, 2022, blockchain company Elrond announced that it is changing its name to MultiversX. The company will focus on the development of Web 3.0 technologies, as well as on the development of meta-universes products and services.
  • On February 16, 2023, Elrond (MultiversX) announced that it is collaborating with Tencent Cloud to help the company expand its Web3 products. Tencent Cloud is the cloud segment of the major Chinese technology company's portfolio, which also includes the messaging app WeChat.

EGLD cannot be mined by classical PoW mining with graphical processes or on ASIC devices. You can get Elrond tokens only by the following methods:

  1. purchase;
  2. take part in the maintenance of the network;
  3. staking.

Elrond Tokens

eGLD is a standard Proof-of-Stake token: it allows you to pay commissions, deploy smart contracts, reward validators, and use the native Maiar application.

This token is used inside the blockchain network and allows users to make transactions at high speed. It also ensures the stable operation of the entire system developed by the company.

Originally the token was called ERD, but in September 2020 there was a significant change because the cryptocurrency ERD was converted to the new cryptocurrency EGLD or eGold.

The token also went through a denomination from 1,000 ERD to 1 EGLD, which matched a changed economic model in which the total cryptocurrency supply dropped from 20 billion for ERD to 20 million for EGLD.

EGLD cannot be mined by classical PoW mining with graphical processes or on ASIC devices. You can get Elrond tokens only by the following methods:

  1. purchase;
  2. take part in the maintenance of the network;
  3. staking.

Elrond Technologies

The Elrond project is based on the searching for a balance on the following parameters: decentralization, security level, and scalability. For this purpose, the developers use advanced technologies, which will be described below.

Adaptive State Sharding

This is a one-of-a-kind way to use sharding technology, which has long been a method for optimizing databases, but only recently has been implemented in blockchain applications.

Elrond uses adaptive state sharding to achieve a number of key goals:

  • The network can maintain scalability without affecting network accessibility .
  • By sharding, the destination of transactions is easy to compute and predictable, providing ability for instant traceability and scheduling.
  • Due to the adaptability of the network, shards always remain balanced.

The state sharding solution used by Elrond allows you to handle changes in demand without impacting network security.

Adaptive State Sharding workflow

Adaptive State Sharding workflow

Secure Proof of Stake Algorithm

Elrond uses a modified Proof-of-Stake, which was created to improve current versions of Proof of Stake. It decreases network latency and allows any node in the shard to figure out which members will be part of the consensus group at the start of each round.

Network participation

Users can participate in the Elrond network as a node in three ways:

  • Validators. Validators manage transactions and secure the network by participating in the consensus process. This requires validators to stack an EGLD token on the network as a deposit.
  • Observers. Observers are passive users of the network that have the role of facilitating. They are able to function as a full node and keep all blockchain history in their own system.
  • Fishermen. These are users who check the validity of blocks at the end of the blockchain after they have been processed and generated by validators. They discover invalid blocks and receive a reward for doing this. Fishermen may be observers and validators that do not engage in this consensus period.

Maiar

Team Elrond released their very first DApp, called Maiar, at the same time as Mainnet. The mobile decentralized Maiar app, which is both a wallet and a fiat money exchange platform, has a number of functions that are related to the bigger goals of the MultiversX(Elrond) project.

Maiar is an incredibly fast privacy-oriented browser, although it has a wide range of other useful features. These include the ability to store, send and receive eGLD coins, as well as to use them for stacking. This tool was created to provide financial services for third world countries that are not connected to the international banking system.

Download QR
Download
xPortal (Maiar 2.0)

Pros and Сons of Elrond

Elrond at the moment can boast the fact that it has serious advantages and quite insignificant disadvantages.

ProsCons
Huge transaction capacity of over 260,000 transactions per second, which exceeds the throughput of any other competing projectSignificant competition in this industry
Fast transaction completion: consensus can be reached within four secondsCurrency volatility
Fixed supply
Vault of Value: the number of EGLDs will never exceed the total supply of tokens

Summary

The Elrond team appears highly competent and has a deep skill set. They are very good at delivering on their promised timelines and milestones, which is very valuable in the blockchain industry.

With unique features such as Adaptive State Sharding and Secure Proof of Stake, the Elrond project is promising to deliver performance and scalability that other projects do not have. The inclusion of multi-language support for smart contracts will only benefit when MultiversX (Elrond) transitions to the decentralized application environment.

How much is a one MultiversX worth now?

1 MultiversX worth $44.43 now.

What is the price of EGLD?

The price of EGLD is $44.43.

What is the MultiversX max supply?

The max supply of MultiversX is 26.85M.

What is the MultiversX stock symbol or ticker?

The stock symbol or ticker of MultiversX is EGLD.

How many EGLD coins are there in circulation?

There are 26.84M coins in circulation of EGLD.

What is the exchange rate of MultiversX(EGLD)?

The exchange rate of MultiversX is $44.43.

What was MultiversX's trading volume in 24 hours?

MultiversX's 24-hour trading volume is $24.63M.

What was the highest price paid for MultiversX?

MultiversX reached a record high of $545.64 on Nov 23, 2021

MultiversX Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Websea Websea EGLD/USDT $44.43 $1.11M 99.91% a day ago
2 CoinDCX CoinDCX EGLD/INR $47.43 $963.34 0.09% a day ago
3 Kraken Kraken EGLD/USD $44.39 $0 0% a day ago
4 Kraken Kraken EGLD/EUR $44.72 $0 0% a day ago
5 EtoroX EtoroX ERD/USD $0 $0 0% 2 years ago
6 Energiswap Energiswap EGLD/WNRG $60.03 $0 0% 25 days ago
7 Biki Biki ERD/USDT $0 $0 0% 2 years ago
8 OpenOcean OpenOcean BUSD/EGLD $2.7 $0 0% 7 months ago
9 EtoroX EtoroX ERD/BTC $0 $0 0% 2 years ago
10 CoinEx CoinEx EGLD/USDT $44.31 $0 0% a day ago
11 HTX HTX ERD/USDC $171.45 $0 0% a year ago
12 Zipmex Zipmex EGLD/USDT $74.66 $0 0% 10 months ago
13 CoinTR Pro CoinTR Pro EGLD/USDT $44.48 $0 0% a day ago
14 TokoCrypto TokoCrypto EGLD/BUSD $73 $0 0% 5 months ago
15 OpenOcean OpenOcean DOGE/EGLD $0.1107 $0 0% 9 months ago