PaL⚡️

[PaL⚡️ @Pal4erd]

@Rimkaze78 @beniaminmincu And I don't mention the high grade hardware vs common one :)

[PaL⚡️ @Pal4erd]

@Rimkaze78 @beniaminmincu Not really comparable.15.5M TPS came from a very specific benchmark:a single smart contract call generating millions of tiny balance updates. It’s like comparing a fish trying to run vs a dog trying to swim or a Marathoner vs sprinter. Different designs, different workloads.

[PaL⚡️ @Pal4erd]

@Raph_Bloch @banquedefrance Simple : l’euro valait 1 $ il y a 6 mois, aujourd’hui 1 € ≈ 1,13 $. Sa valeur = notre confiance, pas un « sous-jacent ». Sauf que Bitcoin est limité à 21 M, donc pas imprimable à volonté. La valeur, c’est ce que les gens acceptent d’échanger. #Bitcoin #noprintmoney #noinflation

[PaL⚡️ @Pal4erd]

@SasuRobert Thank you for the UP.
The result is the same but doesn't mean the same thing to me: the blockchain was stopped to avoid any problem, and not down.

Good work!

[Globees 🌍🐝 @Globees_Project]

Holding one of our NFT unlocks exclusive perks and it's about to get rarer
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Hold a Queen NFT, lock it for 4 years, and get: ⬇️

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More perks coming

[PaL⚡️ @Pal4erd]

@VaporRepublic @HeliosStaking @MultiversX @MultiversXToday @MultiversX_NFTs Thank you for the answer. Where is the link for the periodically vote?

[PaL⚡️ @Pal4erd]

@BurnifyApp @QoWattEcosystem I think they can't do that because they need to follow what was originaly proposed. It's a legal matter

[PaL⚡️ @Pal4erd]

@Runepapers #runepaper
bc1qg9s85yz7d48eade59nw9x209255hghg9aq3qcl

[PaL⚡️ @Pal4erd]

@runestone_gold bc1qs3c7cpkt6afdg2kncwpg0xa5t5y2d0rt67mfrm

[PaL⚡️ @Pal4erd]

@lucidedev @SasuRobert @MultiversX When reading the blog, I had the same thought; it resembles a Cosmos-like SDK with EGLD serving as the atom.

[PaL⚡️ @Pal4erd]

@Audifl0 @gfusee33 Tu peux le désactiver avec un autre xportal et tes 24 keyword mais tu devras attendre 28 jours pour pouvoir re-utiliser ton portefeuille.

[PaL⚡️ @Pal4erd]

@xFoudres @xSylla_ @beniaminmincu like that?

[PaL⚡️ @Pal4erd]

@the_economystic amen

[PaL⚡️ @Pal4erd]

@the_economystic @X ⚡️Just have fun and continue your '''''work''''''
Congrat!

[PaL⚡️ @Pal4erd]

@the_economystic @NakamotoGames @PulsarTransfer Nice!

[Kyren @noBScrypto]

🏆Welcome to the NoBSCrypto-Breakdown EP4

In this segment we'll be looking into $EGLD

Topics included will be the 3 T's
-Tech
-Team
-Tokenomics

What’s $EGLD?

MultiversX a Layer 1 that separates itself with unique sharding & staking abilities that we’ll be diving into!

Initially they were known as Elrond, but in November of 2022 everything changed (for the better)

The transformation to MultiversX signifies their focus to enable a multiverse of different applications

Business
Finance
Metaverse

These are just a few of the verticals that $EGLD is aiming to attack nowadays

Their network operates just like how any Layer 1 would

You can build/host different blockchain applications with smart contract programmability

But heres the silver lining,

They have the ability to securely scale to fit the needs of these robust industries

It's stated $EGLD can handle up to 30,000 TPS🏎

This is all thanks to their network architecture

This is achieved through leveraging Adaptive State Sharding & Secure Proof of Stake

But lets break this down further in plain, simple English

If you're in crypto you've probably heard of sharding at some point

Its one of the key features that $ETH aims to implement in ETH2.0

But as we can see $EGLD has already enabled this transformative solution to their ecosystem

Sharding is simply just fragmenting & dividing a network into smaller bits across to specific sub-networks for nodes to validate

This is much more efficient for a network since sets of nodes will be focused on specific transactions in the network

As opposed to the traditional model where every single node would be required to validate every transaction

Think of it like Play-Doh, you can take apart and split the Play-Doh into as many pieces as you'd like

At the end of the day, the Play-Doh bits (shards) all equate to 1 single Play-Doh set (network)

But $EGLD takes this a step further

With their proprietary solution of Adaptive State Sharding, they enable even further capacity and scalability in the ecosystem

Within Adaptive State Sharding there are 3 types of sharding

1️⃣Network Sharding
2️⃣Transaction Sharding
3️⃣State Sharding

Heres a quick TL;DR on each of them

🕸NETWORK SHARDING
This is a sharding process that groups nodes into shards for optimal communication & messages faster efficiency

💱TRANSACTION SHARDING
This sharding puts transactions into sections based on specific criteria & processing the transactions in parallel to other shard chains

🕰STATE SHARDING
This sharding process divides the chains history into different sections of the network & keeps a part of the state in each shard

Combined together they make up the Adaptive State Sharding component of $EGLD

By combining these 3 unique sharding aspects the MultiversX network can truly enable parallel processing and improved communications across shards

If we reuse the Play-Doh analogy, you can look at this like the broken apart Play-Doh bits can communicate & track what each piece is being used for

But that's not all for whats under the hood for $EGLD

Let's touch on their Secure Proof of Stake (sPOS)

This is inspired by MIT & Turing backed Layer 1 $ALGO founded by the famous Silvio Micali

We're not going to breakdown Algorand's entire consensus mechanism here

But the consensus is heavily related to their name

Algo=Algorithm
Rand=Random

Algorand=Algorithm Random

Essentially their consensus uses a randomized selection mechanism in their algorithm

This allows for maximal participation from all network participants and enhances the decentralization of the weight specific validators hold

Without going too deep into the technicals, $EGLD aims to enhance the speed of this process

The $ALGO network is already lightning quick, with their random committee selection time only taking up to 12 seconds

MultiversX takes this to further with their randomized selection supposedly only 100 milliseconds🤯

To add upon this further, their technology forgoes the traditional slow yet multi-party EVM capabilities

Instead much like our previous NoBSCrypto-Breakdown of $CSPR using WASM for enterprise scalability & flexibility

$EGLD also builds upon the same benefits

MULTIVERSX ECOSYSTEM

The $EGLD ecosystem is perhaps one of the most well rounded in the Web3 space with a variety of native applications

Let’s go over a few of these

xExchange: Initially called Maiar Exchange, an exchange aimed for self sustaining growth economics

xSpotlight: Formerly known as Inspire Art, centre to showcase, explore & purchase $EGLD NFTs

xLaunchpad: Eventually the final form of Maiar Exchange to be the hub of innovation & access in MultiversX

xPortal: Formerly Ad-Astra, multi-chain bridge to bring external assets into MultiversX

xFabric: A sovereign blockchain module and the core blockchain building application for dApps onto MultiversX

With the rebrand into MultiversX, it enables the $EGLD ecosystem to connect and integrate countless verticals in blockchain

One of which is their main goals in building a scalable Metaverse for our future

This robust vision has also caught the eyes of some big names in the legacy world!

Tencent & Huawei are two of the largest tech giants in China

Both of which have taken interest into the MultiversX ecosystem in their own respective ways

Huawei had overtaken Apple as the 2nd largest smartphone seller behind only Samsung in 2018

Tencent is currently the 19th largest company in the world valued by market cap at $395 Oil

$EGLD has brought in adoption from Huawei through integrating Maiar products into Huawei’s AppGallery

As you’ve probably guessed AppGallery is just Huawei’s version of the App Store

Having the 2nd largest smartphone provider integrate your solutions into their App Store speaks volumes about their adoptive potential

But also really opens the flood gates to bolstering retail adoption and innovations.

On the other hand Tencent’s cloud solution, Tencent Cloud has also assisted in the adoption & development of $EGLD

Tencent Cloud has had their eyes on the Metaverse & Web3 space for quite some time now

They will now be supplying and assisting technical infrastructure to really enable $EGLD to be the ecosystem for the MultiversX vision

And who better than Tencent?

Not only are they one of the largest companies in the world, but they have a MASSIVE network to some of the strongest names in the tech industry!

Now let’s look into the $EGLD tokenomics

The ethos behind $EGLD token is much like Bitcoin, digital gold

🏆It’s an abbreviation for E-Gold

$EGLD fuels the operations of the MultiversX ecosystem and is used for general L1 utilities like:

-Governance systems
-Staking
-Rewards
-Smart contracts

EGLD derives its value from the MultiversX network’s functionality and the demands seen by the ecosystem to use MultiversX applications fuelled by $EGLD

There is a current circulating supply of 25.9 mil $EGLD

With a total supply of 31.4 mil $EGLD

The math checks out to about 82.6% in circulation

Not bad for the dilution of a token by any means👍

They’ve also thought out their incentivization model through staking $EGLD in a calculated manner

Many tokens use endless liquidity pools to saturate the supply of tokens as a means to reward validators

While $EGLD does have a validator pool of tokens allocated, their total supply will theoretically be in circulation in 10 years

By then their goal is to use the self sustaining model of using fees accrued on the network as validator rewards

I personally think this is the best way to go about validator rewards for all ecosystems,

The rewards will be distributed in accordance to the demand of the network

High demand = more EGLD being used for fees
Low demand = less EGLD being used for fees

This means that as EGLD adoption strengthens overall, the entire ecosystem benefits

Now that’s what a Digital Economy should stand for!
_______________________________________________
To conclude our $EGLD analysis,

What $EGLD brings to the L1 ecosystem is far beyond just good tech

While their recent rebrand to MultiversX from Elrond caused some mixed feelings,

I personally think this shows that their team is always looking to innovate & adapt with the changing times

As this space moves so quickly, deciding to stay stagnant and never adapt is a recipe for disaster

Not only has $EGLD changed their core vision on the protocol,

but they’ve expanded upon various new use cases from pre-existing utilities in their ecosystem!

Having adoption from Huawei & Tencent to fuel the ecosystem progression further through enabling retail access through a simple AppGallery and providing familiar established cloud software tools will only help with accelerating the vision.

I think the next big thing we should look for within the $EGLD ecosystem will be, not just enterprise collaboration like we’ve seen with the 2 tech giants from the East

But real applications being built by these tech giants.

Given that they’re already so involved in the ecosystem, it may just be a matter of time👀
_________________________________________
If you guys enjoyed this analysis please consider leaving with a follow/retweet to spread the knowledge

My goal is to bring you guys consistent news on the crypto and blockchain industry, minus all the BS of course

📆Stay tuned as we get ready for EP5 of the NoBSCrypto Analysis on Friday

[PaL⚡️ @Pal4erd]

@the_economystic Hello, I don't know if you have already read info about this real live project : https://t.co/snDKw0vi68
Long therm vision but, dope for me! #qowatt

[xMartin.egld ⚡️ #MEXto1 @MartinY71145876]

Imagine owning part of a Node for holding an NFT.🧠
That alone is great utility but doesn´t end here, lots of perks for minting an Architect. One can only mint if you hold a XFirst Blue Print. Check everything over Discord. https://t.co/ZXT9tdChbd @elrondfirst

[Poqemon 🍌🧚🧜‍♂️🧞♂ @poqemon9741]

Hard to decide, but I’ll name 4 that can contribute to #MultiversX adoption, in different ways:
*. @elrondfirst - builders, utility through nodes;
*. @ElrondAntsclub - gamers, utility for NFTs;
*. @BoredApeElrond - degens, degens - real ones;
*. @MultiverseDinoX - #Etherium.