MultiversX (EGLD)
Rank #179
Market snapshot
- Price
- $2.86
- Market cap
- $87.6M
- 24h volume
- $4.0M
- Circulating supply
- 30,601,140.5187
- Total supply
- 30,606,296
- Max supply
- N/A
What is MultiversX?
MultiversX (EGLD) is a cryptocurrency that serves as a platform for next-generation applications, including smart contracts and enterprise solutions. It aims to provide a scalable and efficient environment for developers and users.
How MultiversX works
The MultiversX network is a distributed blockchain system that operates through over 3,000 nodes. It utilizes sharding to enhance scalability and efficiency, allowing for fast transaction processing. The network is designed to support various applications, including decentralized finance and gaming.
Key information
- Symbol
- EGLD
- CMC rank
- #179
- Network / platforms
- N/A
- Categories
- Proof of stake
- Date added
- Sep 4, 2020
Key characteristics
MultiversX features a complete open-source toolset for launching NFTs and SFTs collections. It also includes a digital wallet for managing assets and interacting with decentralized applications (dApps) on the MultiversX blockchain.
Documented uses
The Javascript SDK expands with multiple libraries and packages while providing native authenticator libraries and additional utility packages. It is mainly used for interacting with the MultiversX blockchain and smart contracts.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is MultiversX (EGLD)?
- MultiversX (EGLD) is a cryptocurrency designed for various applications, including smart contracts and enterprise solutions.
- How does the MultiversX network operate?
- The MultiversX network is a distributed blockchain system that operates through over 3,000 nodes and utilizes sharding for scalability.
- What are the key technical features of MultiversX?
- MultiversX features a complete open-source toolset for launching NFTs and SFTs collections, along with a digital wallet for managing assets.
- What are the risks associated with transferring MultiversX?
- Digital asset prices can be volatile, and users should verify the asset and network before transferring assets.
- Where can I find official resources for MultiversX?
- Official resources for MultiversX can be found on their website and GitHub repository.
