MultiversX, a blockchain protocol, aims for rapid transaction speeds via sharding, presenting itself as a technology ecosystem encompassing fintech, decentralized finance, and the Internet of Things. It features smart contracts capable of 15,000 transactions per second, with low latency and minimal transaction costs. MultiversX rewards its community with EGLD tokens, Elrond’s native token, serving as a store of value, means of exchange, and governance token within the network.
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