Overview

MultiversX, formerly known as Elrond, is a blockchain platform focused on enhancing scalability and security through a sophisticated sharding approach and innovative consensus mechanisms. It offers a community-driven ecosystem with Layer-1 and Layer-2 scaling solutions, integrating state, network, and transaction sharding alongside adaptive shard management for optimal performance and security. The network uses Secure Proof of Stake (SPoS) to boost security and throughput while reducing the risk of shard takeovers through randomized validator shuffling. This architecture enables MultiversX to deliver high transaction speeds, low costs, and strong decentralization, positioning itself as a highly scalable and cost-effective smart contract platform.

Whitepaper & Documents