The post A Scalable And Efficient Blockchain Network And EGLD token appeared on BitcoinEthereumNews.com. MultiversX, originally – Elrond network, is a blockchain platform designed to provide high throughput, scalability, and fast transaction speeds while maintaining a high level of security. It aims to enable efficient decentralized applications (DApps) and provide a user-friendly experience for both developers and users.  A sharding architecture MultiversX employs a sharding architecture called Adaptive State Sharding, which divides the network into smaller shards, each capable of processing transactions and smart contracts independently. This design aims to significantly increase the network’s throughput and scalability. It uses a secure Proof-of-Stake consensus mechanism, which combines the benefits of PoS with added security measures. Validators are randomly selected to propose and validate blocks, and they are held accountable through a mechanism called “Stake and Rating.” Elrond Virtual Machine (EVM) Elrond has its own virtual machine called the Elrond Virtual Machine (EVM), which is compatible with the Ethereum Virtual Machine (EVM). This allows developers to port over existing Ethereum smart contracts to the Elrond platform. EGLD token EGLD is the native utility token of the MultiversX network. It is used for staking, paying transaction fees, participating in governance decisions, and participating in the network’s economic activities. Participants in the Elrond network can stake EGLD tokens to secure the network and earn rewards in the form of additional EGLD tokens. Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. The data provided is collected by the author and is not sponsored by any company or token developer. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds. Source: https://coinidol.com/multiversx-egld-token/The post A Scalable And Efficient Blockchain Network And EGLD token appeared on BitcoinEthereumNews.com. MultiversX, originally – Elrond network, is a blockchain platform designed to provide high throughput, scalability, and fast transaction speeds while maintaining a high level of security. It aims to enable efficient decentralized applications (DApps) and provide a user-friendly experience for both developers and users.  A sharding architecture MultiversX employs a sharding architecture called Adaptive State Sharding, which divides the network into smaller shards, each capable of processing transactions and smart contracts independently. This design aims to significantly increase the network’s throughput and scalability. It uses a secure Proof-of-Stake consensus mechanism, which combines the benefits of PoS with added security measures. Validators are randomly selected to propose and validate blocks, and they are held accountable through a mechanism called “Stake and Rating.” Elrond Virtual Machine (EVM) Elrond has its own virtual machine called the Elrond Virtual Machine (EVM), which is compatible with the Ethereum Virtual Machine (EVM). This allows developers to port over existing Ethereum smart contracts to the Elrond platform. EGLD token EGLD is the native utility token of the MultiversX network. It is used for staking, paying transaction fees, participating in governance decisions, and participating in the network’s economic activities. Participants in the Elrond network can stake EGLD tokens to secure the network and earn rewards in the form of additional EGLD tokens. Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. The data provided is collected by the author and is not sponsored by any company or token developer. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds. Source: https://coinidol.com/multiversx-egld-token/

A Scalable And Efficient Blockchain Network And EGLD token

2025/09/25 04:14

MultiversX, originally – Elrond network, is a blockchain platform designed to provide high throughput, scalability, and fast transaction speeds while maintaining a high level of security.


It aims to enable efficient decentralized applications (DApps) and provide a user-friendly experience for both developers and users. 


A sharding architecture


MultiversX employs a sharding architecture called Adaptive State Sharding, which divides the network into smaller shards, each capable of processing transactions and smart contracts independently. This design aims to significantly increase the network’s throughput and scalability.


It uses a secure Proof-of-Stake consensus mechanism, which combines the benefits of PoS with added security measures. Validators are randomly selected to propose and validate blocks, and they are held accountable through a mechanism called “Stake and Rating.”


Elrond Virtual Machine (EVM)


Elrond has its own virtual machine called the Elrond Virtual Machine (EVM), which is compatible with the Ethereum Virtual Machine (EVM). This allows developers to port over existing Ethereum smart contracts to the Elrond platform.


EGLD token


EGLD is the native utility token of the MultiversX network. It is used for staking, paying transaction fees, participating in governance decisions, and participating in the network’s economic activities.


Participants in the Elrond network can stake EGLD tokens to secure the network and earn rewards in the form of additional EGLD tokens.




Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. The data provided is collected by the author and is not sponsored by any company or token developer. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds.

Source: https://coinidol.com/multiversx-egld-token/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Tokenization Key to Modernizing US Markets

Tokenization Key to Modernizing US Markets

The post Tokenization Key to Modernizing US Markets appeared on BitcoinEthereumNews.com. The Strategy: SEC Chair Paul Atkins designates “tokenization” as the industrial strategy to modernize US capital markets, launching the “Project Crypto” initiative. The Rules: A new “Token Taxonomy” will legally separate Digital Commodities, Collectibles, and Tools from Securities, ending the “regulation by enforcement” era. The Privacy: The SEC’s Dec 15 roundtable will feature Zcash founder Zooko Wilcox, signaling a potential policy thaw on privacy-preserving infrastructure. Securities and Exchange Commission (SEC) Chair Paul Atkins has formally aligned the agency’s mission with the digital asset revolution, declaring “tokenization” as the critical alpha required to modernize America’s aging capital markets infrastructure.  In a definitive signal to Wall Street, Atkins outlined the next phase of “Project Crypto,” a comprehensive regulatory overhaul designed to integrate blockchain rails into the federal securities system. Related: U.S. SEC Signals Privacy Enhancement in Tokenization of Securities U.S. SEC Chair Touts Tokenization as the Needed Element for Modernizing Capital Markets According to Chair Atkins, tokenization is the alpha needed to modernize the capital markets in the United States. As such, Chair Atkins noted that the SEC’s Project Crypto will focus on issuing clarity under the existing rules as Congress awaits passing the CLARITY  Act. Moreover, the SEC Chair believes that major global banks and brokers will adopt tokenization of real-world assets (RWA) in less than 10 years. Currently, the SEC is working closely with the sister agency Commodity Futures Trading Commission (CFTC) to catalyze the mainstream adoption of tokenized assets. Chair Atkins stated that tokenization of capital markets provides certainty and transparency in the securities industry. From a regulatory perspective, Chair Atkins stated that tokenized securities are still securities and thus bound by the existing securities laws. However, Chair Atkins stated that digital collectibles, commodities, and tools are not securities, thus not bound by the 1940s Howey test. As such,…
Share
BitcoinEthereumNews2025/12/08 18:35