What is MultiversX?
Alex avatar
Written by Alex
Updated over a week ago

MultiversX represents a groundbreaking blockchain architecture meticulously crafted to revolutionize conventional blockchain performance, boasting an extraordinary 1000-fold enhancement in throughput and execution speed. This remarkable achievement is realized through the implementation of two groundbreaking innovations: a cutting-edge Adaptive State Sharding mechanism and a Secure Proof of Stake (PoS) algorithm. These innovations facilitate linear scalability, ensuring a rapid, efficient, and secure consensus mechanism.

As a result, MultiversX can seamlessly process over 30,000 transactions per second (TPS) with a mere 6-second latency and minimal cost, positioning itself as a prospective cornerstone for a permissionless, borderless, and globally accessible internet economy. This blockchain network is characterized by its high scalability, robust security, and decentralized nature, purpose-built to empower the development of revolutionary applications for users, businesses, society, and the emerging metaverse frontier.

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