MultiversX chain
Overview
MultiversX (formerly Elrond) is a Layer 1 blockchain platform that employs a sharded architecture and the Secure Proof of Stake (SPoS) consensus mechanism. It is designed for high throughput, low latency, and low transaction costs, supporting smart contracts and decentralized applications across multiple shards.
Within the DeFi Intel graph, MultiversX connects to 2 tracked entities, most strongly to USD Coin, Tether USD.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | USD Coin | 95% |
deployed_on | Tether USD | 95% |
Frequently asked questions
What is MultiversX?
MultiversX, formerly known as Elrond, is a Layer 1 blockchain platform that uses a sharded architecture and the Secure Proof of Stake (SPoS) consensus mechanism to achieve high throughput, low latency, and low transaction costs.
What consensus mechanism does MultiversX use?
MultiversX uses the Secure Proof of Stake (SPoS) consensus mechanism.
Which stablecoins are deployed on MultiversX?
Tether USD and USD Coin are deployed on MultiversX.