What is eGold (EGLD)? A Beginner’s Guide to MultiversX

As blockchain technology continues to evolve, the need for scalable, fast, and efficient platforms has become more urgent than ever. Traditional networks like Ethereum have paved the way, but issues like congestion and high transaction fees have opened the door for next-generation blockchains. One standout project in this space is MultiversX, formerly known as Elrond. At the center of this ecosystem is eGold (EGLD) — a digital asset built for speed, security, and smart contract functionality.

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What is eGold

What is eGold (EGLD)?

eGold (EGLD) is the native token of MultiversX, a blockchain protocol focused on high performance and interoperability. Originally launched as Elrond, the platform rebranded to MultiversX in 2022, shifting toward a broader vision that includes metaverse and Web3 applications.

EGLD powers everything on the MultiversX network — from transactions and staking to smart contract deployment. Designed as a digital store of value and a medium of exchange, EGLD aims to offer the speed of traditional finance systems with the decentralization of blockchain.

How It Works

What sets MultiversX apart is its powerful architecture, built for scalability from the ground up. It uses two core innovations:

  • Adaptive State Sharding: This technology breaks the blockchain into multiple pieces called “shards,” each capable of processing transactions and smart contracts independently. Unlike traditional sharding, Adaptive State Sharding dynamically balances workloads, improving efficiency and throughput as the network grows.
  • Secure Proof of Stake (SPoS): This consensus mechanism combines the benefits of proof of stake with additional security features. Validators are randomly selected based on reputation and staked EGLD, making the system fast (up to 15,000 TPS) and resistant to attacks.

Together, these technologies enable MultiversX to process transactions in seconds with minimal fees — a critical step toward mass adoption.

Use Cases

EGLD has a wide range of uses within the MultiversX ecosystem:

  • Transactions: Just like ETH on Ethereum, EGLD is used to pay for sending value across the network.
  • Staking: Users can stake EGLD to secure the network and earn staking rewards in return.
  • Governance: EGLD holders can participate in governance by voting on key protocol updates and changes.
  • Smart Contract Execution: Developers use EGLD to deploy and run decentralized applications (dApps) on the MultiversX blockchain.

As MultiversX expands into Web3 and metaverse infrastructure, the utility of EGLD is expected to grow even further.

Tokenomics

EGLD has a limited maximum supply of 31,415,926 tokens, which helps preserve scarcity and long-term value. The tokenomics are designed to be deflationary over time through mechanisms like transaction fee burns.

  • Initial supply: Around 20 million EGLD.
  • Staking rewards: Validators and delegators earn rewards for securing the network.
  • Economy: As the network usage increases, transaction fees and staking demand drive EGLD’s value proposition.

This model incentivizes both individual users and institutional participants to hold and use EGLD.

How to Buy and Store EGLD

Buying EGLD is simple and widely accessible:

  • Exchanges: EGLD is listed on major platforms like Binance, Crypto.com, KuCoin, and OKX.
  • Wallets: For storage, users can choose from:
    • xPortal – The official mobile wallet built for seamless interaction with MultiversX.
    • Ledger – A hardware wallet for secure offline storage.
    • Trust Wallet and MetaMask (with MultiversX integration) for more advanced users.

Always ensure you’re using verified platforms and secure wallets to protect your funds.

eGold (EGLD) is more than just a token — it’s the engine of a high-performance blockchain aiming to power the future of Web3, DeFi, and the metaverse. With cutting-edge technology like Adaptive State Sharding and SPoS, plus a strong use case in staking and smart contracts, EGLD is positioned as a next-generation blockchain asset that’s built for scale, speed, and sustainability.

For anyone exploring fast and affordable alternatives to Ethereum, MultiversX and EGLD are worth a serious look.