MultiversX
MultiversX, formerly known as Elrond Network, is a highly scalable, secure, and decentralized blockchain platform engineered for speed, efficiency, and interoperability. Designed to overcome the limitations of traditional blockchains, MultiversX delivers fast transaction speeds, low fees, robust security, and high throughput, making it ideal for both real‑world applications and enterprise solutions. The platform introduces two groundbreaking innovations: Adaptive State Sharding, which dynamically partitions the network to process transactions and smart contracts in parallel, and Secure Proof of Stake (SPoS), an energy-efficient consensus mechanism that ensures security while enabling linear scalability. These innovations allow MultiversX to support a broad range of applications, including decentralized applications (dApps), decentralized finance (DeFi), non-fungible tokens (NFTs), and metaverse experiences.
ABOUT MULTIVERSX
MultiversX, formerly known as Elrond Network, is a high-performance, scalable blockchain platform designed to support decentralized applications (dApps), digital assets, decentralized finance (DeFi), non-fungible tokens (NFTs), and metaverse experiences.
In 2022, the platform rebranded to MultiversX to reflect its broader vision of powering the next generation of the internet economy, connecting developers, enterprises, and users within a fast, secure, and blockchain-enabled ecosystem.
The platform enables the development and execution of complex dApps, decentralized governance, and interoperability between blockchains, while its Adaptive State Sharding and Secure Proof of Stake (SPoS) consensus mechanism provide a high-throughput, low-latency environment capable of supporting large-scale applications and global user bases.
FEATURES & SERVICES
Adaptive State Sharding – MultiversX’s primary scalability engine dynamically partitions the blockchain into multiple shards that process transactions and smart contracts in parallel, enabling linear scalability and high transaction throughput.
Secure Proof of Stake (SPoS) – This energy-efficient consensus model combines randomness and validator rotation to enhance network security, decentralization, and performance, ensuring rapid finality and low latency.
Smart Contract Support (WebAssembly/WASM) – MultiversX supports WASM-based smart contracts, allowing developers to build high-performance dApps using multiple familiar programming languages.
DeFi Support & Ecosystem – MultiversX powers a robust decentralized finance ecosystem, including liquidity pools, automated market makers, lending and borrowing platforms, yield farming, and cross-chain bridges for enhanced interoperability.
NFT Infrastructure – The platform provides tools, standards, and marketplaces for NFT creation, issuance, and trading, supporting artists, brands, and gaming projects with secure and scalable digital asset management.
Web3 & Metaverse Products – MultiversX offers a suite of Web3 and metaverse services, extending blockchain usability beyond finance to immersive, social, and interactive digital experiences.
Cross-Chain Interoperability – With built-in cross-chain bridges, MultiversX allows assets and data to flow between its network and other blockchains, improving liquidity, expanding use cases, and reducing barriers to multisystem participation.