Closer to home, MultiversX (EGLD) is a blockchain platform aiming to build the “new internet.” Founded in 2017, it utilizes a technology called “sharding” to achieve high transaction speeds and scalability. This makes it potentially suitable for building decentralized applications (dApps) for finance, the Internet of Things, and beyond. The platform’s native token, EGLD, fuels transactions and serves as a store of value.
Connecting the Dots:
Interestingly, the name “MultiversX” might allude to both interpretations. The platform seeks to create a diverse ecosystem of interconnected applications, much like how the multiverse theory envisions a multitude of universes. However, it’s important to clarify that there’s no scientific connection between the two.
Key Points about MultiversX (the Platform):
- Technology: Utilizes sharding for fast and scalable transactions.
- Focus: Building the “new internet” with dApps for various sectors.
- Token: EGLD fuels the platform and holds value.
- Current Status: Established platform with active development and community.
While the multiverse of physics remains a theoretical concept, MultiversX (the platform) offers a real-world project exploring scalable blockchain technology. Whether their paths truly converge is a question for the future. Ultimately, both realms invite us to ponder the vastness of possibilities beyond our immediate experience.
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