MultiversX is a high-performance blockchain platform built for real-world scale.

It delivers thousands of transactions per second, near-instant finality, and minimal fees, enabling applications, payments, and digital experiences to run seamlessly onchain.

Through continuous innovation, MultiversX bridges the gap between blockchain efficiency and mainstream usability.

There are several ways to create a wallet in MultiversX network:

The MultiversX Wallet - you can simply go to wallet page and click on “Create a new wallet”. Then in following the next steps, you must save your 24 secret words and safely secure the phrase. Set up a password and you will receive a .json file in order to connect to your wallet using keystore.

xPortal Wallet - Click on “Create a new wallet”. After you input your phone number and confirm the code you will be able to set up a pin for your app, then you must save your secret phrase (24 words) and do the backup in Google Drive or iCloud in order to be able to do any type of transaction.

MultiversX DeFi Wallet - you can install the MultiversX Chrome extension and choose the “Create a new wallet” option. After storing your secret phrase, confirming it, and setting a password, your new wallet is ready to be used.

An ESDT (eStandard Digital Token) is the MultiversX native token standard, similar to ERC-20 on Ethereum, but faster, cheaper, and built directly into the protocol.

It allows anyone to issue, transfer, and use tokens for payments, applications, or digital assets at a fraction of a cent in cost.

EGLD follows a sustainable emission and burn model that balances growth with scarcity.

A portion of every network fee is burned, while controlled emissions fund staking rewards, ecosystem growth, and innovation, linking real usage directly to long-term value.

Staking rewards are variable and determined by network participation and governance decisions. By staking EGLD, users help secure the network and earn rewards that reflect real onchain activity, aligning individual participation with the health and security of MultiversX.