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What is MultiversX?

MultiversX (formerly Elrond) is a high-throughput blockchain that aims to power the metaverse frontier. MultiversX set out to create a blockchain that is capable of 1000x throughput than most existing blockchains. This improvement of transaction throughput allows MultiversX to handle even the most aggressive wave of user adoption.

eGold (EGLD) is the native token that powers MultiversX. Its utility comprises all core network functionalities, such as staking, governance, transactions, smart contracts, and validator rewards.

What are MultiversX’s Key Features?

1. Adaptive State Sharding - Real-time splitting and merging of shards as the demand for network capacity changes. At any time, the MultiversX blockchain will juggle between network sharding, transaction sharding and state sharding, making the network capacity highly malleable as user demand requires.

2. Secure Proof of Stake ("SPoS") consensus mechanism - In line with Sharding, the MultiversX Blockchain elects different validators within each shards in every validation round.

3. Elrond VM - The Elrond Virtual Machine (EVM) is a dedicated smart contract execution engine built on WASM. Developers can build on The EVM in whichever language they’re familiar with to be compiled in WASM.

How to Stake on MultiversX (Elrond)?

Staking on MultiversX can be done either as a:

1. Validator (running a node + 2,500 eGold stake), or
2. Delegator, with a minimum of 10 eGold per delegation.

Validator rewards are distributed automatically. Active Delegator rewards are claimable once per day, with no time limit for claims.

You can currently stake eGold in the Elrond Delegation Waiting List. Go to https://wallet.elrond.com and click on the “Delegate” section in the left. An intuitive interface will help you to delegate into the Waiting List, claim Active Delegation rewards and withdraw from Active Delegation.

A weekly 5,000 eGold reward is distributed to the delegators proportionally to the amount staked & time in the queue.