Glossary
MultiversX
A Layer-1 (formerly Elrond) using an adaptive-state-sharding architecture and the Secure Proof of Stake consensus — emphasizes throughput and developer-friendly tooling.
MultiversX launched in 2020 (as Elrond) with an unusual combination of features: adaptive state sharding that splits the chain into multiple shards processing transactions in parallel, Secure Proof of Stake (SPoS) consensus, and a custom smart- contract VM (the WASM-based MultiversX VM).
The chain rebranded from Elrond to MultiversX in 2022 around a broader metaverse and on-chain-services pitch. EGLD is the native token. MultiversX targets enterprise and consumer apps with low- latency, low-fee execution.