EGLD, the native cryptocurrency of the MultiversX blockchain (formerly known as Elrond), is a highly scalable and secure digital asset designed to support the growing world of Web3, DeFi (Decentralized Finance), NFTs, and the Metaverse. MultiversX is focused on delivering fast, low-cost, and energy-efficient blockchain solutions that can handle thousands of transactions per second.
Unlike many traditional blockchains, MultiversX uses a Secure Proof-of-Stake (SPoS) consensus mechanism combined with Adaptive State Sharding. This allows $EGLD to provide fast transaction finality and high throughput, making it ideal for both developers and enterprises looking to build scalable applications.
Key Features of EGLD / MultiversX:
Speed: Handles up to 15,000 transactions per second.
Low Fees: Extremely cheap transaction costs.
Eco-Friendly: Energy-efficient blockchain.
DeFi and NFTs: Strong ecosystem for dApps, decentralized exchanges, and digital assets.
EGLD is used for:
Paying network transaction fees
Staking to secure the network
Participating in governance
Running smart contracts and dApps
EGLD Price and Future Potential
At the time of writing, EGLD is trading around $X USD (insert current price), but crypto enthusiasts believe that this coin has long-term potential due to its strong technology and growing ecosystem.
The big question remains: Can EGLD reach new heights?
Can anyone confidently say how high EGLD and its price can go in the coming months or years?
Some analysts are optimistic, predicting EGLD could reach $300 or even higher in the next bull run, especially if adoption of the MultiversX platform continues. However, as always, cryptocurrency markets are highly volatile and unpredictable.