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About Elrond
MultiversX, formerly Elrond, is a proof-of-stake blockchain built around adaptive state sharding for high throughput. EGLD is the native asset, used for fees, staking and governance across the network.
How MultiversX Works
The network shards state, transactions and processing together, and adapts the number of shards to demand, so capacity scales with usage rather than being fixed. Its secure proof-of-stake consensus selects validators quickly using randomness, and smart contracts run in a purpose-built WebAssembly virtual machine.
The History of MultiversX
Founded by Beniamin and Lucian Mincu in Romania, the network launched in 2020 as Elrond and rebranded to MultiversX in 2022 alongside a broader push into metaverse and payments products. The ecosystem includes a wallet, an exchange and a payments application built by the core team.
What EGLD Is Used For
EGLD pays transaction fees and is staked by validators and delegators to secure the network. It is the base asset across the ecosystem's applications and carries governance weight over protocol decisions.
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Why buy Elrond with YouHodler? +
YouHodler combines advanced security and encryption with a simple way to buy and sell EGLD, fast crypto transactions, support for multiple fiat currencies, and a platform that works for newcomers and experienced traders alike.
Is Elrond a good investment? +
MultiversX has a technically ambitious sharding design and a vertically integrated ecosystem of products from the same team. Its developer community is smaller than the leading platforms and adoption is concentrated around first-party applications. EGLD is volatile — research it before investing.
Can I buy Elrond today and sell it tomorrow? +
Yes. YouHodler supports selling as well as buying, so you can acquire EGLD and later exchange it for fiat currencies such as USD or EUR. Transactions settle quickly, major fiat currencies are supported, and withdrawals go out by bank transfer.
Is it safe to buy Elrond? +
Buying EGLD is generally safe on a reliable platform like YouHodler, which applies data encryption, identity verification and multi-layer account protection. The asset itself stays highly volatile, so prices can move sharply over short periods.
How do I convert Elrond to cash? +
Connect a bank account, debit card or credit card to your YouHodler profile, exchange your EGLD for a fiat currency such as USD or EUR, then withdraw the balance straight to your bank.
How much is $100 worth of Elrond right now? +
That depends on the live EGLD price, which moves constantly. Use the price chart on this page to see the current rate and work out exactly how much EGLD $100 buys at this moment.
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