MULTIVERSX

A blockchain built

for true scale and mass adoption.

MultiversX Blockchain Technology

Adaptive state sharding

The optimal approach to scaling blockchains is parallelization, most effectively executed via sharding: State sharding, Transactions sharding & Network sharding.

Secure proof of stake

MultiversX has proposed a novel approach to consensus called “Secure Proof of Stake” which eliminates PoW computational waste, and combines random validator selection and reshuffling, with an optimal seize for the consensus group.

MultiversX VM

The MultiversX Virtual Machine is one of the fastest dedicated smart contract execution engines built on WASM. It expands the family of languages available to smart contract developers to include Rust, C/C++, C#, Typescript.

MultiversX X

The EGLD Token

  • Governance Icon Governance
  • Smart Contracts Icon Smart Contracts
  • Validator Reward Icon Validator Reward
  • Staking Icon Staking
  • Transactions Icon Transactions

The EGLD token is a unit of value that is native to the MultiversX network. It represents a medium of exchange between users & developers who pay to use the network, and validators who take the fees as payment for the services they provide.

Network Structure

  • Metachain

    The Metachain is the blockchain that runs in a special shard, where the main responsibilities are not processing of transactions, but notarizing and finalizing the processed shard block headers, facilitating communication between shards, storing and maintaining a registry of validators, triggering new epochs, processing fisherman challenges, rewarding and slashing.

  • Shards

    The Shards are smaller partitions of the MultiversX network which are used for scaling: each shard is responsible for a portion of the state -- accounts, smart contracts, blockchain -- and transaction processing, so that every shard can process most effectively a fraction of the transactions in parallel with other shards.

  • Nodes

    The Node is a computer, smartphone or server, running the MultiversX client and relaying messages received from its peers. Nodes can fulfill roles of Validators, Observers or Fisherman providing different support levels to the network and earning proportional rewards.

Network Roles

  • Validator

    Validators are nodes on the MultiversX network that process transactions and secure the network by participating in the consensus mechanism, while earning rewards from the protocol and transaction fees. In order to become part of the MultiversX network, a validator needs to put up collateral in the form of EGLD tokens, which are staked to align the incentives between validators and network goals.

  • Observer

    Observers are passive members of the network that can act as a read & relay interface. They can be either Full, keeping the entire history of the blockchain, or Light, keeping only 2 epochs of blockchain history. Observers are not required to stake EGLD tokens to join the network and are not rewarded for their participation.

  • Fisherman

    A node which verifies the validity of blocks after they have been proposed. Fisherman challenge invalid blocks resulted from adversity of malicious actors and are rewarded for their service. The Fisherman role can be fulfilled by validators which are not part of the current consensus round or by observers.

Check the MultiversX roadmap.

Building the new internet economy.

Roadmap