What is MultiversX (Elrond) crypto currency? MultiversX (Elrond) is a public blockchain powered by a secure and efficient sharding architecture. It was created to help pave the way for mass adoption of cryptocurrency. The Elrond blockchain utilizes its unique consensus protocol that is built to ensure scalability and high throughput of transactions. Founded by Beniamin Mincu and a team of skilled technologists and researchers, MultiversX (Elrond) is an open source blockchain technology platform that promises to introduce a new standard of scalability, security, and efficiency to the blockchain industry. It was established in 2017 with the mission of creating a global, open source blockchain infrastructure with scalable and interoperable elements, in order to facilitate high throughput, low latency and low-cost financial services. What Makes it Unique? MultiversX (Elrond) is unique in its approach to technology. It uses 'Adaptive State Sharding' to increase performance, and its consensus protocol combines a variant of the Byzantine Fault Tolerance (BFT) system with Proof of Stake (PoS) to secure its network. Additionally, MultiversX's "Adaptive State Chain" model allows it to process hundreds of thousands of transactions per second with minimal participant latency. This scalability and efficiency is enhanced by the Elrond Virtual Machine (EVM), which was designed to facilitate the execution of decentralized applications (Dapps) and smart contracts on the Elrond blockchain. Where is it Used? The MultiversX (Elrond) blockchain protocol is designed to be used for dApps and smart contracts on a global level. Its unique design allows it to scale efficiently, making it attractive for businesses seeking high-throughput services and applications. MultiversX (Elrond) is being used by projects like VidoX, which is a decentralized video platform for global video streaming. It is also being used by DEKRA, an on-chain credit scoring company. Where to Buy/Sell It? MultiversX (Elrond) is available for purchase on various cryptocurrency exchanges, including Ethfinex, Binance, OKEx, and Bitfinex. It can be bought and sold using either Ethereum (ETH) or Bitcoin (BTC). In conclusion, MultiversX (Elrond) is a cutting-edge blockchain project that is designed to enable high throughput and low latency applications and services on a global level. It utilizes a unique consensus protocol and Adaptive State Sharding to ensure scalability, security, and efficiency. It is available for purchase on various cryptocurrency exchanges and can be bought and sold using either Ethereum (ETH) or Bitcoin (BTC).
