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MultiversX(EGLD)

MultiversX is a blockchain platform that was founded in 2017 by  Beniamin Mincu, Lucian Mincu, and Lucian Todea. It is designed to be highly scalable, secure, and decentralized. MultiversX uses a Proof-of-Stake Velocity (PoSV) consensus mechanism, which is more energy-efficient than Proof-of-Work (PoW) consensus mechanism used by other blockchain platforms. MultiversX was originally called Elrond, but the name was changed in 2022 to reflect the company's focus on the metaverse. The rebranding also coincided with the launch of a number of new products and services that are designed to help developers build metaverse applications specifically. MultiversX helps developers in a number of ways. First, it provides a scalable and secure platform for developers to build decentralized applications (dApps). Second, MultiversX provides a number of tools and resources such as a developer documentation, a code editor, and a testnet. Also, MultiversX mainly uses the Rust programming language. Third, MultiversX has a growing community of developers who can help each other with development challenges. Overall, MultiversX is a powerful blockchain platform that can help developers build scalable, secure, and decentralized dApps. It is becoming popular everyday, with total number of users around 2,327,595 and over 10,000 daily active users. If you are a developer who is looking for a platform to build dApps, then MultiversX is a good option to consider.

Founder: Beniamin Mincu, Lucian Mincu

Launched On: 2020-07-01

Protocol
Layer

Layer 1

Programming
Language

Rust, C/C++, C#, Go & Typescript

Consensus
Mechanism

Secure Proof Of Stake

Current
Price

$54.716

Market
Cap

$1,465,580,203.807

Circulating
Supply

26,785,459 EGLD