MultiversX, the DeFi specialist?

eagle, snake, mexico-4652483.jpg

Sommaire :

MultiversX (EGLD) is a highly scalable blockchain known for its speed and security. This network is widely used for developing enterprise projects and decentralized finance (DeFi) applications. MultiversX (EGLD) is a player in the new internet economy.

MultiversX: A Scalable Blockchain for DeFi Development

According to a tweet from Anna Everstake on August 4th, MultiversX (EGLD) is a “scalable, fast, and secure” blockchain. This ecosystem is fully adapted for the development of decentralized applications with smart contracts. It is worth noting that the network offers several opportunities, such as simple addresses instead of the complex and lengthy characters offered by other networks.

On MultiversX, every user has the ability to issue their own tokens, called Elrond Standard Digital Tokens (ESDT). ESDT is the standard digital token of the MultiversX network, and users can transfer tokens quickly and efficiently using a broadcast and speed protocol. With this ecosystem, users can issue and store tokens directly in smart accounts.

LIRE PLUS  Improving MultiversX applications with secure data flows from Umbrella Network oracle services

The network consists of several shards, including three transaction shards and one meta-chain shard. It also offers upgradable and portable smart contracts thanks to the Adaptive State Sharding architecture of the network.

This architecture allows for the merging and splitting of block fragments, resulting in a more adaptive blockchain. Additionally, MultiversX has a highly reliable virtual machine called Elrond VM for executing smart contracts, which can be written in various languages.

MultiversX (EGLD) is a reliable and adaptive blockchain, making it well-suited for developing decentralized finance (DeFi) applications. Furthermore, the network has seen significant activity, with a 24-hour trading volume of over $59 million.

Les dernières news :
MultiversX Ecosystem (EGLD)

The ultimate beginner’s guide for MultiversX

What is MultiversX? •MultiversX is a distributed blockchain network for next-gen applications. Decentralized via 3,000+ nodes, scalable through sharding, fast, secure & green. •$EGLD is