MultiversX – Mass adoption, security, sharding, EGLD, xDay, and more | Fundamentals ep.73

In this episode we’re joined by Benjamin Mincu, the Founder and CEO of MultiversX – a Layer 1 blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, MultiversX introduces two key innovations: a novel adaptive state sharding mechanism, and a secure proof of stake algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism.  We discuss how MultiversX works, and what sets it apart from other blockchains on the market. We speak about the innovations behind achieving high transaction throughput, ensuring safety via an onchain 2FA mechanism, the effects of having tokens embedded into the protocol, and how the xPortal wallet and super app fit into the grande vision for MultiversX. We then break down MultiversX’s current app, developer, and user landscapes - and speak about the upcoming xDay conference and hackathon, and how they aim to bridge the gap between builders and decision makers. Read more about the xDay conference and hackathon here: https://xday.com/ Finally, we speak about MultiversX’s economic model, the EGLD token, what the best metrics are to track the adoption of a blockchain network, and what economic sustainability means. Tune in for a great discussion about MultiversX, and tackling the problems that are critical for mass adoption. MultiversX. Site: https://multiversx.com/ X (Twitter): https://twitter.com/MultiversX Beniamin: https://twitter.com/beniaminmincu Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 01:47 MultiversX's core value proposition 04:48 The main optimizations that MultiversX has focused on 06:55 Implementing state, network, and transaction sharding all at once 10:24 What will blockchain do for the internet? 14:44 Onchain two-factor authentication (2FA) 18:28 The challenges with implementing 2FA in crypto 21:12 xPortal – The portal to everything finance 28:02 The benefits of having tokens embedded into the protocol 29:45 The core contributors behind the development of MultiversX 31:57 Current app and developer landscape 36:10 Current userbase 39:47 The xDay conference and xDay hackathon 44:48 The renaissance of European ambition 47:21 MultiversX's economic model 50:45 Economic sustainability 52:21 Best metrics to measure and value a blockchain 54:41 Current challenges related to growth 58:29 What's next for MultiversX? … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.

Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

This episode is sponsored by MultiversX. #MultiversX #Fundamentals #EGLD #Blockchain #Crypto #tokenterminal