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Why chooose EGLD? EGLD is MultiversX’s governance and utility token.
1. Adaptive State Sharding: MultiversX uses a unique approach that splits the blockchain into smaller segments (shards) to process transactions, state, and network operations in parallel. This allows it to achieve high throughput—tested at up to 263,000 transactions per second (TPS) in a public environment.
2. Secure Proof of Stake (SPoS): Its consensus mechanism is energy-efficient compared to Proof of Work (PoW), ensuring security and fairness while keeping costs low (e.g., $0.002 per transaction).
3. EGLD Token: The native token, Electronic Gold (EGLD), is used for transaction fees, staking, and governance. Developers also earn 30% of smart contract gas fees as royalties, incentivizing ecosystem growth.
4. Scalability: With 3,000+ nodes and four shards (three for execution, one for coordination called the Metachain), it’s built to handle massive transaction volumes while remaining decentralized.
5. Developer-Friendly: Smart contracts can be written in familiar languages like Rust, compiled to WebAssembly (WASM), and executed on a fast virtual machine (VM).
Ecosystem and Use Cases:
MultiversX supports a wide range of applications, including decentralized finance (DeFi), NFTs, gaming, and enterprise solutions. Its ecosystem includes tools like the xPortal app (a financial SuperApp), launchpads for new projects, and partnerships with global entities. It emphasizes user accessibility, aiming to onboard both Web3 natives and traditional users.
Crypto Careers 