MultiversX eGold

MultiversX is a high-performance blockchain platform designed to enable scalability, security, and the development of decentralised applications (dApps). It employs Adaptive State Sharding, a combination of network, transaction, and state sharding, to partition workloads and enhance throughput while maintaining decentralisation. The platform operates on a Secure Proof of Stake (SPoS) consensus mechanism, ensuring efficiency, fairness, and security.

A key feature of MultiversX is its dedicated Virtual Machine that supports multiple programming languages, including Rust, C/C++, C#, and TypeScript, making it a versatile platform for developers. Its architecture is organised into shards, a metachain, and nodes, with three primary roles:

• Validators: These nodes secure the network, process transactions, and participate in consensus. They stake MultiversX eGold (EGLD) and are rewarded for their contributions.
• Observers: These nodes provide read and relay access to the network without requiring EGLD staking.
• Fishermen: These nodes verify and challenge invalid blocks, further strengthening the network's integrity.

The network's metachain acts as the central coordination mechanism, facilitating cross-shard communication and finalising transactions.

MultiversX eGold (EGLD) is the native cryptocurrency of the MultiversX blockchain, serving as a utility token and an essential element of the network’s ecosystem. It plays several critical roles:

• Transaction Fees: MultiversX eGold (EGLD) is used to pay fees for processing transactions and executing smart contracts.
• Staking Collateral: Validators are required to stake MultiversX eGold (EGLD) to secure the network and participate in consensus, ensuring alignment of incentives.
• Incentives and Rewards: Validators earn MultiversX eGold (EGLD) for their services, such as processing transactions, securing the network, and maintaining its performance.
• Value Exchange: MultiversX eGold (EGLD) functions as a medium of exchange within the MultiversX ecosystem, enabling seamless transfers and payments.
• Governance: MultiversX eGold (EGLD) holders can participate in decision-making processes, shaping the future of the platform.

MultiversX eGold (EGLD) also acts as a store of value and a medium for incentivising network participants, ensuring that the blockchain remains robust and decentralised.