Wrapped EGLD WEGLD Price 3.62

MultiversX tries to offer fast transaction speeds by using sharding. The project is a technology platform for the new internet and includes the internet of things. Electronic Gold is Elrond's native token. Network usage is paid for using the store of value currency. The coin can be used as a medium of exchange. Any network action can be performed by participants. The mainnet of MultiversX went live in July 2020. It is the first network in which state, network and transaction sharding have all been implemented. The project allows developers to earn 30% of the smart contract fees as royalties in order to increase adoption. A variation of the traditional PoS operational protocol guarantees the connection to the platform of all sections of the network. The state of each segment is stored in the segment's own ledger, while transactions are mapped to segments and processed in parallel with the rest of the network. If a validator's rating is too low, it will not be selected and will have to pay fines.