MultiversX is a state-of-the-art technology ecosystem aimed at powering the new age of the internet. As a rebranded iteration of Elrond, MultiversX presents a potent smart contracts execution platform that focuses on fintech, DeFi and IoT. Achieving an outstanding capability of 15,000 Transactions Per Second (TPS), 5-second latency, and a minuscule transaction cost of $0.001, MultiversX is set on becoming a major cornerstone in the blockchain industry.
Introducing Maiar: MultiversX's Money & DeFi App
With a keen understanding of the barriers to blockchain technology adoption, MultiversX brings forth Maiar, an innovative money and DeFi app. Maiar was designed to ensure an intuitive, first-time experience with blockchain technology for users. It implements a progressive security approach and a gamified method for unlocking additional, handy features. This initiative aligns with MultiversX's mission of making blockchain technology accessible and understandable to everyone.
MultiversX Proof of Stake Economic Model
Unique to MultiversX is its Proof of Stake (PoS) economic model. The model is predicated on a limited supply for its native token, eGold. The naming choice of eGold is not a coincidence as it is meant to signify the concept of digital store of value to the next billion users in the world.
A New Era of Internet
As a technology ecosystem, MultiversX is working towards a different approach to the internet. By focusing on fintech, DeFi, and IoT, and through the use of a high-performance smart contract execution platform, MultiversX is setting the stage for the next generation of internet users and applications.
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