MultiversX is a blockchain and crypto platform designed to function like a large payments processor. The native coin of this platform is EGLD. MultiversXis one of the leading crypto platforms in terms of speed, security, and sustainability.
What is MultiversX?
MultiversX is a blockchain and crypto platform designed to function like a large payments processor. This platform uses a consensus mechanism called pure proof of stake (PoS).
This enables extremely fast, secure and energy efficient transactions. The native coin of the platform is EGLD, which is used to secure the network, reward maintainers, and run smart contracts.
HowMultiversX Speed?
One of the advantages of MultiversX is its speed. The platform can process 10,000 transactions per second, with a final settlement time of 3.3 seconds. This is much faster than other blockchain platforms, such as Bitcoin which can only process 7 transactions per second, or Ethereum which can only process 15 transactions per second.
This speed allows MultiversX to compete with conventional payment systems, such as Visa or Mastercard, which can process around 24,000 and 5,000 transactions per second, respectively.. With this speed, MultiversX can handle high transaction volumes, both for individual users and businesses.
HowMultiversX Security?
Security is another important aspect of MultiversX EGLD. The platform uses pure proof of stake consensus, which means that the validators who help secure the network are selected randomly and proportionally to the amount of EGLD they hold..
This avoids the risk of a 51% attack, which occurs when a group of managers owning more than half of the network's computing power can change or cancel transactions.
Additionally, MultiversX also muses VRF (verifiable random function) technology, which provides cryptographic securityincomparable raffi. VRF is a function that generates random values that can be verified by others, without needing to know the input.
This ensures that managers are selected fairly and transparently, without any manipulation or fraud.
HowMultiversX Sustainability?
Sustainability is another value that MultiversX EGLD adheres to. The platform doesn't require a lot of energy (only the equivalent of 7 homes), and its smart contracts purchase carbon credits to ensure its carbon footprint is zero.
This is different from other blockchain platforms, such as Bitcoin or Ethereum, which require huge amounts of energy and produce high carbon emissions.
This sustainability allows MultiversX to contribute to creating a greener and more environmentally friendly future. The platform also supports social and environmental initiatives, such as awards programs, accelerator programs, grant programs, and community programs.
Conclusion
MultiversX is a fast, secure and green blockchain and crypto platform. The platform offers solutions to challenges faced by traditional blockchains, such as scalability, efficiency and sustainability.
EGLD also has a dynamic, inclusive and borderless ecosystem, powered by the innovative MultiversX blockchain technology. If you are interested in finding out more about MultiversX, you can visit the official website or follow the latest news.
How To Buy Crypto From Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia and is officially registered with Bappbeti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH ), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read also:
What is Blockchain 1.0? A Blockchain Starting Point
What is Blockchain 3.0? Blockchain Always More Up to Date
What is Blockchain Tribalism? A Phenomenon in the Blockchain World
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.