Elrond
EGLD
Crypto
Decentralised Networks
USD 3.15-0.63%
Elrond
UMushroom community rating:
About
Decentralised Networks
Categoryn/a
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
EcosystemNaN
Year of creation
Description
Elrond (EGLD) is a Decentralised Networks crypto coin. Elrond`s origin block was generated on n/a. More information can be found at https://multiversx.com/.
Key Technical Advantages:
Genuine State Sharding: MultiversX uses state sharding to partition the blockchain and account state into multiple shards, which are handled in parallel by different participating validators. This approach improves scalability and reduces latency. Shard-splitting and shard-merging are done in a way that prevents overall latency penalties. Secure Proof of Stake (SPoS) Consensus Mechanism: SPoS is an improved variation of Proof of Stake that ensures long-term security and distributed fairness while eliminating the need for energy-intensive Proof of Work algorithms. It incorporates a random selection mechanism and adds a rating factor to the stake factor to determine the probability of a node being selected in the consensus group. Adaptive State Sharding: MultiversX features a dynamically adaptive sharding mechanism that enables shard computation and reorganizing based on necessity and the number of active network nodes. This technique ensures a balanced workload and reward for each node in the network and improves overall latency. EVM Compliant Engine for Smart Contracts: MultiversX's smart contract solution offers an Ethereum Virtual Machine (EVM) compliant engine to ensure interoperability by design, allowing for seamless communication with external services. Scalability and Performance: Preliminary simulations and testnet results show that MultiversX exceeds Visa's average throughput and achieves an improvement beyond three orders of magnitude or 1000x compared to existing viable approaches. The network also drastically reduces the costs of bootstrapping and storage to ensure long-term sustainability. Content summarized by AI chatbotSource:
https://files.multiversx.com/multiversx-whitepaper.pdfKey figures
-82.4%1Y
-90.6%3Y
-95.4%5Y
Performance
3/ 31D
3/ 21M
18/ 21Y
Highs/ Lows
13.09.2022
USD 488.71
All Time High
0.64%
% of All Time High
-99.73%All Time
-86.73%1 year
Max drawdown
#180
Ranking by Market Cap
95.72 M
Market cap (USD)
0.00%
% of Market
379.467 B
Category Market Cap (USD)
0.03%
% of Category
30396581
Circulating Supply
30391425
Liquid Supply
99.98%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
3894164
Volume Traded
4.07%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
3.00
Innovation:
5.00
Society:
3.00
Nature:
5.00
Tudor Kraehenbuehl
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