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MultiversX, formerly known as Elrond and identified by the symbol EGLD, represents a highly scalable, secure, and decentralized blockchain network meticulously engineered to serve as the foundational layer for the new digital economy, including the burgeoning metaverse and Web3 applications. The rebranding from Elrond to MultiversX reflects an expanded vision, emphasizing its role in building the metaverse and delivering immersive digital experiences, while retaining its core technical prowess. At its heart, MultiversX employs a unique architecture that combines Adaptive State Sharding with a Secure Proof of Stake SPoS consensus mechanism. This innovative combination enables the network to achieve remarkable transaction throughput, boasting capabilities to process tens of thousands of transactions per second, significantly surpassing the capacities of many existing blockchain platforms.The Adaptive State Sharding mechanism allows the network to process transactions in parallel across different shards, ensuring efficient scaling as the network grows, while SPoS provides robust security and decentralization through a fair and energy-efficient consensus process. These technological advancements translate into incredibly low transaction costs and near-instant transaction finality, making MultiversX an ideal platform for a wide array of use cases, from decentralized finance DeFi to non-fungible tokens NFTs and complex enterprise solutions. The EGLD token is the native cryptocurrency of the MultiversX network, playing a multifaceted role. It is used to pay for network fees, participate in staking to secure the network and earn rewards, and engage in governance, allowing token holders to vote on proposals that shape the future direction of the protocol.MultiversX is committed to fostering a rich ecosystem for developers and users. It offers a comprehensive suite of tools and products designed to accelerate the creation and adoption of Web3 and metaverse applications. This includes xPortal, a super app providing a gateway to the digital world; xLaunchpad, a platform for new projects; xFabric, a blockchain module for easy deployment; and xWorlds, a framework for building metaverse environments. The network’s developer-friendly environment supports multiple programming languages, further lowering the barrier to entry for innovators. By focusing on extreme scalability, robust security, and a holistic ecosystem for digital experiences, MultiversX positions itself as a critical infrastructure for the decentralized future, aiming to power a global network of interoperable applications and digital assets that can cater to mainstream adoption.