Buy MultiversX (EGLD)
What is MultiversX?
MultiversX is a blockchain protocol that utilises sharding to enable fast, cost-efficient, and high-volume transactions on-chain. It is designed to achieve horizontal scalability, handling large volumes of transactions swiftly while maintaining a secure and decentralised infrastructure. MultiversX was initially founded as Elrond before rebranding in 2022 to reflect its expanded vision, including metaverse and Web3 technologies.
How does MultiversX work?
MultiversX operates using Adaptive State Sharding, a technology that partitions the blockchain's state and transaction processing across multiple shards, thereby enhancing scalability and performance. It employs Secure Proof of Stake (SPoS), a consensus mechanism that randomly selects validators for transaction validation, ensuring network security and efficiency. The platform is powered by the Multiverse Virtual Machine, supporting smart contracts written in any programming language that can compile to WebAssembly.
What are the potential use cases for MultiversX?
Potential use cases for MultiversX include:
- DeFi applications offering decentralised financial services.
- Gaming projects and NFT integrations for digital asset ownership and in-game economies.
- Tools and infrastructure development, enabling improved blockchain solutions.
- Marketplaces and e-commerce platforms for purchasing goods and services.
- Community platforms fostering social interactions within Web3 environments.
What is the history of MultiversX?
MultiversX was founded in September 2017 by Lucian Todea, Benjamin Mincu, and Lucian Mincu. Originally named Elrond, the project launched its mainnet in July 2020. In November 2022, Elrond rebranded to MultiversX, signifying its dedication to developing scalable blockchain solutions and entering the metaverse space. The project has achieved significant milestones, such as launching its Adaptive State Sharding and SPoS consensus mechanisms, and expanding its ecosystem to over 300 partners, including partnerships with Google Cloud and AnChain AI.
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Frequently Asked Questions (FAQs)
What is the current price of MultiversX (EGLD)?
The MultiversX price is $55.47 AUD, representing a -3.88% from the day prior.
Where is the best place to buy MultiversX (EGLD) in Australia?
The best place to buy MultiversX (EGLD) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell MultiversX (EGLD) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of MultiversX (EGLD)?
The trading volume of MultiversX (EGLD) is $99.3M AUD in the last 24hrs, representing a -3.88% from the day prior.
How can I buy MultiversX (EGLD)?
MultiversX (EGLD) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of MultiversX (EGLD)?
The current market cap of MultiversX (EGLD) is $1.5B AUD.
Can I convert MultiversX (EGLD) to cash?
Yes - With Coinstash you can convert your MultiversX (EGLD) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many MultiversX (EGLD) are there?
The current circulating supply of MultiversX (EGLD) is 27.7M.
Is Coinstash a safe place to buy MultiversX (EGLD) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling MultiversX (EGLD) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.