MultiversX

MultiversX is a blockchain protocol that aims to offer true horizontal scalability through the use of sharding techniques. It divides its network into four shards - three execution shards capable of handling up to 100,000 transactions per second in total, and one coordination shard called the "Metachain". This adaptive state sharding architecture allows the network to scale by adding more shards as throughput demand increases. The project describes itself as a technology ecosystem for the new internet, catering to use cases in decentralized finance, real-world assets, and the metaverse. Its smart contract execution platform is capable of achieving low latency (6-second) and very low transaction costs (around $0.002 per transaction). The EGLD token is MultiversX's native cryptocurrency and serves multiple functions. It acts as a store of value, a medium of exchange between users and validators, and as a means to pay for network usage such as transaction fees. EGLD also has governance capabilities, allowing its holders to vote on key network decisions. MultiversX was co-founded in late 2017 by brothers Beniamin and Lucian Mincu, along with Lucian Todea. The founders' previous experience includes roles in blockchain projects like NEM, as well as founding other tech startups. The team's goal is to establish EGLD as a store-of-value asset and build a robust ecosystem around the MultiversX platform. Some of the unique features of MultiversX include its implementation of three types of parallelization (state, transactions, and network), as well as its support for developers to earn royalties from the smart contract fees generated on the platform. This is aimed at driving adoption and ecosystem growth around the MultiversX blockchain.