Setting itself apart from the competition, MultiversX takes a unique approach to consensus through its Secure Proof of Stake mechanism. This consensus mechanism eliminates potential attack vectors when compared to Proof of Work and drives high throughput and speedy execution.
The protocol uses adaptive sharding and Secure Proof of Stake to increase throughput and solve the blockchain trilemma. According to this trilemma, it's impossible to achieve security, scalability, and decentralization simultaneously with our current state of technology. However, MultiversX stands to solve this trilemma with its unique modus operandi. The MultiversX Network boasts a current transaction processing capacity of 15,000 transactions per second (TPS) with a 6-second block time and a low transaction cost of $0.001. Its ability to scale beyond 100,000 TPS makes this impressive performance even more remarkable. Note that these figures have been sourced from MultiversX’s official site at the time of writing and are subject to change.
Elrond rebranded itself to MultiversX in November 2022. Regarding Elrond, it was launched in 2017 by Lucian Todea, Beniamin Mincu, and Lucian Mincu. While Lucian Todea is currently the COO, Beniamin Mincu is the CEO, and Lucian Mincu is the CIO of the company.
Maiar exchange is a DEX automated market maker. CryptoBubbles is an engaging, Elrond-based game. Maiar wallet is a wallet you can create with your phone number in seconds. (can be found on App center IOS and ANDROID)...
P.S. MAIAR becomes xPortal in 5 days... :)
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