Latest MultiversX updates on February 22nd
The MultiversX team have been busy over the last week, with several important updates and announcements. On February 15th, the team announced a new startup incubator, the EntityFinance Launchpad, to accelerate the MultiversX ecosystem growth. On the same day, the team released a Project Database, allowing users to filter and view the status of projects. On February 16th, the team announced the support of top three stablecoins, USDC, USDT and BUSD, on the MultiversX Mainnet. On February 17th, the team announced a collaboration with AshSwap, providing efficient stablecoin exchanges on the Mainnet. On February 20th, the team announced the launch of an $85,000 Binance Learn & Trade competition and a promotion B rewards structure. Finally, on February 21st, the team announced the integration of Wallet Connect 2.0 with Unreal Engine 5, enabling users to access the MultiversX wallet from their gaming console.
What is MultiversX ?Elrond is an innovative blockchain platform that seeks to revolutionize the world of digital currencies. It is an open-source, public, permissionless, and distributed blockchain platform that focuses on scalability and usability. The platform is designed to provide a high throughput, low-latency, and low-cost solution for global payments.
Elrond’s flagship product, Elrond-ERD-2, is a state-of-the-art blockchain network that runs on a new consensus mechanism called Adaptive State Sharding. This consensus mechanism is designed to scale horizontally, allowing for more transactions per second (TPS) than any existing blockchain platform. It is also designed to remain secure even as the number of transactions increases.
The Elrond-ERD-2 platform is built on an improved version of the Elrond Virtual Machine (EVM). This improved version is called the Elrond Network Protocol (ENP). ENP is a unique combination of technologies that allows for a much faster and more secure blockchain network. It features a custom-built consensus mechanism, a new programming language, and a secure storage layer.
Elrond-ERD-2 also features a secure and decentralized virtual machine, called Ewasm. This virtual machine is secure, fast, and allows for the creation of smart contracts and decentralized applications (dApps). It is powered by a new programming language called eWASM, which is designed to be more efficient and secure than existing virtual machines.
Elrond-ERD-2 is designed to be an open and permissionless platform, meaning anyone can join the network and use its services. Furthermore, the platform is designed to be energy efficient and carbon neutral, making it an ideal choice for those who are looking for an environmentally friendly option.
In conclusion, Elrond-ERD-2 is a revolutionary blockchain platform that is designed to bring scalability, usability, and security to the world of digital currencies. It is an open-source, public, permissionless, and distributed platform that features a unique combination of technologies, including a new consensus mechanism, a secure virtual machine, and a secure storage layer. With its energy efficient and carbon neutral design, Elrond-ERD-2 is an ideal choice for those who are looking for an environmentally friendly blockchain platform.
This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.
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MultiversX is a cryptocurrency with a price of $ 42.35 and marketcap of $ 1,066,171,612. MultiversX’s market price has decreased -0.43% in the last 24 hours. It ranks 49 amongst all cryptocurrencies with daily volume of $ 19,417,683.
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