MultiversX (Previously Elrond) (EGLD) Live Price and charts Today

1 MultiversX (Previously Elrond) (EGLD) Price Today in USD is $64.69

MultiversX (Previously Elrond) (EGLD) = $64.69 USD

MultiversX (Previously Elrond) (EGLD) all-time high (ATH) is $488.71 USD

The maximum supply of MultiversX (Previously Elrond) (EGLD) is 31,415,926.00

MultiversX (Previously Elrond) (EGLD) 24h volume is $333.18 Million(s) USD

MultiversX (Previously Elrond) (EGLD) Market Cap is $1.70 Billion(s) USD

Kindly note that Elrond has rebranded to MultiversX. Read more at: https://twitter.com/beniaminmincu/status/1588162448103612416

MultiversX (Previously Elrond)
$64.69
+10.36%
MultiversX (Previously Elrond) (EGLD) Price Chart
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  • 1H +0.25%
  • 24H +10.36%
  • 1Y +44.43%
  • Rank #48
  • Market Cap 7.47% $1,695,306,727
  • 24H Spot Volume 410.63% $333,178,104.80
  • 24H Volume / Market Cap +400.00%+20.00%
  • Circulating Supply 26,206,298.00
  • Total Supply 26,211,450
  • Max Supply 31,415,926.00
  • Fully Diluted Valuation $2,032,321,799
  • API ID elrond copy duigou
  • Project Start Date Jul, 2020
  • Contracts & Explorer(s) https://elrondscan.com/
  • Websites Website
  • Links
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About EGLD Roadmap & Milestones
Elrond is a public blockchain distributed transactional computation protocol that relies on an adaptive sharded state architecture and Secure Proof of Stake consensus mechanism.

Elrond is a high-throughput public blockchain focused on providing security, efficiency, scalability, and interoperability by employing two key elements: Adaptive State Sharding and a new Secure Proof of Stake ("SPoS") consensus mechanism. Elrond's goal is to be a high throughput, fast transaction speed, and low transaction cost platform, allowing efficient and competitive DApp user experiences in real-world use cases.

$EGLD is the native asset of Elrond and is used to pay for transaction fees and the cost of deploying DApps on the network, along with rewards for various contributions to the network.

Elrond Network transformed and expanded into MultiversX on Nov 03, 2022. According to Beniamin Mincu, founder & CEO of Elrond, MultiversX is a highly scalable, secure, and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier. Expect in the next month, all Elrond products will be merged into the MultiversX ecosystem, transitioning to the new brand and positioning. 

The MultiversX ecosystem will contain:

  New Products:

  • xFabric: Sovereign blockchain module, and core blockchain applications. Deployable in minutes. Fully customizable. Including a set of features and use cases for any creative, brand, or company.
  • xPortal: The portal to the Metaverse. Including financial and social functions. Accessible to anyone, anywhere in the world.
  • xWorld: A world creation engine. A network of interoperable metaverses. The very first Metaverse planet of the new world.

The native token, $EGLD of Elrond will power the MultiversX Network. Its utility comprises all core network functionalities, such as staking, governance, transactions, smart contracts, and validator rewards.

Elrond is a complete redesign of blockchain architecture with the aim to achieve global scalability and near-instant transaction speed. Elrond's architecture rests on the following key innovations: 

  • State sharding (transaction, data & network sharding)

The dynamically adaptive sharding mechanism will perform shard merging and shard splitting while taking into consideration both the number of available validator nodes and also the network usage.

  • Secure Proof of Stake ("SPoS") consensus mechanism

Secure Proof of Stake Consensus, completed in just two communication steps, using modified Boneh–Lynn–Shacham ("BLS") multi-signatures among the validators of the consensus group. Moreover, nodes inside the shard are randomly selected for the consensus group with no possibility of knowing the group's composition more than one round in advance.

  • High resiliency to attack

High resiliency to malicious attacks due to periodical node reshuffling across shards. Every epoch, up to 1/3 of the nodes in every shard are reshuffled to other shards in order to prevent collusion.

  • Secure randomness beacon with BLS signing

Non-biasable and Unpredictable.

An fast virtual machine for executing smart contracts written in any programming language that can compile to WebAssembly.

  • Smart contracts on a state-sharded architecture with a balanced load on shards

Balancing smart contracts across shards allows Elrond to run multiple SCs in parallel, while the cross-shard calls are handled by an asynchronous cross-shard execution process.

  • Fast finality for cross-shard transactions (seconds)

Fast cross-shard finality is naturally handled by Elrond at the protocol level, using a dispatching algorithm and a routing protocol.

Elrond co-founded by Beniamin Mincu, Lucian Todea, and Lucian Mincu

Elrond is built by a team of entrepreneurs, along with 13 engineers and researchers who have worked at various tech companies, such as Microsoft, Google, Intel, and NTT DATA, and have experience working with blockchain platforms. The team includes two PhDs in CS and AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.

Current known investors of Elrond include AU21 Capital, Authorito, Binance Labs, Electric Capital, Maven 11 Capital, NEO Global Capital, NGC Ventures, and Woodstock Fund

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