MultiversX
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Why MultiversX (EGLD) Faces Significant Challenges: 17 Key Issues
$EGLD #MultiversX #Elrond #FAIL #RIP
$EGLD #EGLDBTC #EGLD/USDT #EGLD
Why MultiversX (EGLD) Faces Significant Challenges: 17 Key Issues
MultiversX, formerly known as Elrond, initially generated excitement with its ambitious promises of high performance and scalability. However, the project has faced numerous obstacles that have led many to question its long-term viability. Hereâs a look at seventeen reasons why MultiversX is often considered a struggling crypto project, supported by real-world examples and data.
1. Overpromising and Underdelivering:
MultiversX claimed it could handle thousands of transactions per second with minimal fees. In practice, it often fell short of these claims. During peak times, performance issues and transaction speeds didnât meet expectations, leading to user dissatisfaction.
2. Lack of Adoption:
Adoption is crucial for any blockchain projectâs success. MultiversX has struggled to build a significant user base and attract developer interest. Compared to platforms like Ethereum and Binance Smart Chain, which have extensive dApp ecosystems, MultiversX has not achieved similar traction.
3. High Transaction Fees and Network Congestion:
Although MultiversX initially promoted low transaction fees, users have reported increasing costs and network congestion as the network grew. In 2023, transaction fees spiked during periods of high activity, contradicting the project's promises and causing frustration.
4. Competitive Market:
The blockchain space is highly competitive, with established players like Ethereum and Binance Smart Chain, as well as newcomers like Solana and Polkadot. MultiversX has struggled to stand out and offer unique advantages, making it difficult to gain a significant market share.
5. Technical Issues and Bugs:
Technical reliability is essential, yet MultiversX has faced several issues, including bugs and network downtimes. In early 2024, a major bug caused a temporary halt in transactions, undermining user confidence and exposing vulnerabilities.
6. Limited Developer Ecosystem:
A thriving developer community is crucial for blockchain success. MultiversX has had difficulty building such a community. By mid-2024, the number of dApps on MultiversX was significantly lower than on more established platforms, indicating a lack of developer engagement.
7. Regulatory Challenges:
Regulatory hurdles can impede a projectâs progress. MultiversX has faced compliance issues, particularly in key markets. In 2023, these challenges led to operational delays and legal complications, impacting the project's reputation.
8. Inconsistent Project Updates:
Regular and transparent updates are vital for maintaining trust. MultiversX has been criticized for inconsistent communication and a lack of clarity about development plans, leading to confusion and diminished confidence among investors and users.
9. Market Sentiment and Investor Confidence:
Investor sentiment is crucial. MultiversX has seen fluctuating levels of confidence. For example, during a major market downturn in late 2023, EGLDâs value dropped sharply, reflecting broader concerns about the project's future.
10. Security Issues and Hacks:
Security is a major concern, and MultiversX has suffered from significant hacks. In late 2022, a security vulnerability was exploited, resulting in financial losses. Another attack in early 2024 targeted smart contracts, further exposing ongoing security weaknesses.
11. Failing Rebranding Efforts:
The rebranding from Elrond to MultiversX was intended to rejuvenate the project's image but proved largely ineffective. Instead of addressing core issues, the rebranding was seen as a superficial change, failing to resolve underlying problems.
12. Blaming the Community:
MultiversXâs leadership has frequently blamed the community for the projectâs failures. Rather than taking responsibility, the team has shifted blame onto users and investors, creating a negative atmosphere and eroding trust.
13. Team Mismanagement and Financial Concerns:
The projectâs team has faced accusations of mismanagement and unethical behavior. Critics argue that the team prioritized extracting profits through their commercial ventures while neglecting critical project issues, leading to accusations of deceiving and mocking investors.
14. Promotion of Toxicity on Social Media:
MultiversX has been criticized for fostering a toxic environment on social media. Official channels have been known for hostile interactions and a lack of accountability, which has further alienated users and investors and compounded the project's issues.
15. Censorship and Bans for Asking Questions:
MultiversX has faced criticism for censoring discussions and banning users from its official Telegram channels. Asking questions about the project or expressing concerns can lead to permanent bans, creating an environment of censorship and discouraging open dialogue. This approach has been seen as an attempt to stifle dissent and control the narrative, further damaging the projectâs reputation.
16. Failed Wallet Coin Launches:
MultiversX has experienced multiple failed launches of its wallet coin, MEX. The initial launch saw a drastic drop in value, with investors facing up to a 99% loss on their holdings. The second launch, which took place in early 2023, was particularly problematic. Investors reported that the launch was accompanied by misleading information and technical issues that led to significant financial losses. Many users felt scammed, as the promised features and improvements did not materialize. A third MEX launch recently occurred, but early indicators suggest it may also be failing, as early trading volumes and price performance have been disappointing, compounding the project's credibility issues.
17. Lack of Valuable Projects and Utility:
MultiversX has been criticized for its lack of valuable, utility-based projects. Many of the projects built on its platform have been described as failed meme ventures rather than serious, utility-driven applications. The absence of substantial, innovative projects has diminished the platform's attractiveness and utility, further impacting its reputation and user engagement.
Forbes Commentary:
Forbesâ "Crypto Zombies" article critically examined EGLD, noting that the project had not lived up to its initial promises. The article emphasized that despite MultiversX's bold claims regarding its technological capabilities and market potential, it struggled with performance issues and failed to achieve significant adoption. Forbes highlighted these challenges as contributing factors to the projectâs ongoing difficulties in the competitive crypto landscape.
Conclusion? Facts talk...
MultiversXâs journey underscores the difficulties of achieving success in the blockchain space. Despite its ambitious start, the project has faced significant issues related to adoption, technical performance, security, rebranding, leadership, community management, censorship, failed financial initiatives, and the lack of substantial projects. While there may still be potential for recovery, these seventeen issues illustrate why MultiversX is often seen as a struggling initiative in the crypto world.
Stay safe and away from this meme Blockchain.
$EGLD #EGLDBTC #EGLD/USDT #EGLD
Why MultiversX (EGLD) Faces Significant Challenges: 17 Key Issues
MultiversX, formerly known as Elrond, initially generated excitement with its ambitious promises of high performance and scalability. However, the project has faced numerous obstacles that have led many to question its long-term viability. Hereâs a look at seventeen reasons why MultiversX is often considered a struggling crypto project, supported by real-world examples and data.
1. Overpromising and Underdelivering:
MultiversX claimed it could handle thousands of transactions per second with minimal fees. In practice, it often fell short of these claims. During peak times, performance issues and transaction speeds didnât meet expectations, leading to user dissatisfaction.
2. Lack of Adoption:
Adoption is crucial for any blockchain projectâs success. MultiversX has struggled to build a significant user base and attract developer interest. Compared to platforms like Ethereum and Binance Smart Chain, which have extensive dApp ecosystems, MultiversX has not achieved similar traction.
3. High Transaction Fees and Network Congestion:
Although MultiversX initially promoted low transaction fees, users have reported increasing costs and network congestion as the network grew. In 2023, transaction fees spiked during periods of high activity, contradicting the project's promises and causing frustration.
4. Competitive Market:
The blockchain space is highly competitive, with established players like Ethereum and Binance Smart Chain, as well as newcomers like Solana and Polkadot. MultiversX has struggled to stand out and offer unique advantages, making it difficult to gain a significant market share.
5. Technical Issues and Bugs:
Technical reliability is essential, yet MultiversX has faced several issues, including bugs and network downtimes. In early 2024, a major bug caused a temporary halt in transactions, undermining user confidence and exposing vulnerabilities.
6. Limited Developer Ecosystem:
A thriving developer community is crucial for blockchain success. MultiversX has had difficulty building such a community. By mid-2024, the number of dApps on MultiversX was significantly lower than on more established platforms, indicating a lack of developer engagement.
7. Regulatory Challenges:
Regulatory hurdles can impede a projectâs progress. MultiversX has faced compliance issues, particularly in key markets. In 2023, these challenges led to operational delays and legal complications, impacting the project's reputation.
8. Inconsistent Project Updates:
Regular and transparent updates are vital for maintaining trust. MultiversX has been criticized for inconsistent communication and a lack of clarity about development plans, leading to confusion and diminished confidence among investors and users.
9. Market Sentiment and Investor Confidence:
Investor sentiment is crucial. MultiversX has seen fluctuating levels of confidence. For example, during a major market downturn in late 2023, EGLDâs value dropped sharply, reflecting broader concerns about the project's future.
10. Security Issues and Hacks:
Security is a major concern, and MultiversX has suffered from significant hacks. In late 2022, a security vulnerability was exploited, resulting in financial losses. Another attack in early 2024 targeted smart contracts, further exposing ongoing security weaknesses.
11. Failing Rebranding Efforts:
The rebranding from Elrond to MultiversX was intended to rejuvenate the project's image but proved largely ineffective. Instead of addressing core issues, the rebranding was seen as a superficial change, failing to resolve underlying problems.
12. Blaming the Community:
MultiversXâs leadership has frequently blamed the community for the projectâs failures. Rather than taking responsibility, the team has shifted blame onto users and investors, creating a negative atmosphere and eroding trust.
13. Team Mismanagement and Financial Concerns:
The projectâs team has faced accusations of mismanagement and unethical behavior. Critics argue that the team prioritized extracting profits through their commercial ventures while neglecting critical project issues, leading to accusations of deceiving and mocking investors.
14. Promotion of Toxicity on Social Media:
MultiversX has been criticized for fostering a toxic environment on social media. Official channels have been known for hostile interactions and a lack of accountability, which has further alienated users and investors and compounded the project's issues.
15. Censorship and Bans for Asking Questions:
MultiversX has faced criticism for censoring discussions and banning users from its official Telegram channels. Asking questions about the project or expressing concerns can lead to permanent bans, creating an environment of censorship and discouraging open dialogue. This approach has been seen as an attempt to stifle dissent and control the narrative, further damaging the projectâs reputation.
16. Failed Wallet Coin Launches:
MultiversX has experienced multiple failed launches of its wallet coin, MEX. The initial launch saw a drastic drop in value, with investors facing up to a 99% loss on their holdings. The second launch, which took place in early 2023, was particularly problematic. Investors reported that the launch was accompanied by misleading information and technical issues that led to significant financial losses. Many users felt scammed, as the promised features and improvements did not materialize. A third MEX launch recently occurred, but early indicators suggest it may also be failing, as early trading volumes and price performance have been disappointing, compounding the project's credibility issues.
17. Lack of Valuable Projects and Utility:
MultiversX has been criticized for its lack of valuable, utility-based projects. Many of the projects built on its platform have been described as failed meme ventures rather than serious, utility-driven applications. The absence of substantial, innovative projects has diminished the platform's attractiveness and utility, further impacting its reputation and user engagement.
Forbes Commentary:
Forbesâ "Crypto Zombies" article critically examined EGLD, noting that the project had not lived up to its initial promises. The article emphasized that despite MultiversX's bold claims regarding its technological capabilities and market potential, it struggled with performance issues and failed to achieve significant adoption. Forbes highlighted these challenges as contributing factors to the projectâs ongoing difficulties in the competitive crypto landscape.
Conclusion? Facts talk...
MultiversXâs journey underscores the difficulties of achieving success in the blockchain space. Despite its ambitious start, the project has faced significant issues related to adoption, technical performance, security, rebranding, leadership, community management, censorship, failed financial initiatives, and the lack of substantial projects. While there may still be potential for recovery, these seventeen issues illustrate why MultiversX is often seen as a struggling initiative in the crypto world.
Stay safe and away from this meme Blockchain.
MultiversX unveils the release of xExchange V3
#MultiversX releases #xExchange V3, bringing to users mobile-friendly design and page simplification, one-click position creator for liquidity pools, farm and metastaking, transaction simplification, etc. To mark the xExchange V3 launch, MultiversX will soon reveal details of a rewards campaign to incentivize new users, traders and liquidity bridgers.
xExchange is a decentralized hub for trading and engaging with decentralized finance built on MultiversX.
đ multiversx.com/blog/xexchange-v3-launch
#MultiversX releases #xExchange V3, bringing to users mobile-friendly design and page simplification, one-click position creator for liquidity pools, farm and metastaking, transaction simplification, etc. To mark the xExchange V3 launch, MultiversX will soon reveal details of a rewards campaign to incentivize new users, traders and liquidity bridgers.
xExchange is a decentralized hub for trading and engaging with decentralized finance built on MultiversX.
đ multiversx.com/blog/xexchange-v3-launch
MultiversX and Build21: Revolutionizing Real Estate with NFTs on BHero
The real estate industry is undergoing a significant transformation, thanks to the intersection of blockchain technology and innovative investment models. #MultiversX ( #EGLD ), a leading blockchain platform, is at the forefront of this revolution, partnering with Build21 to reshape how you view and participate in real estate development. This groundbreaking approach combines the power of NFTs with the potential of community-driven construction projects, opening up new avenues to invest in and shape the future of property markets.
You'll discover how Build21 is leveraging the MultiversX blockchain and BHero platform to create a unique ecosystem for real estate investment. This system uses NFTs as a gateway to property ownership, allowing for more accessible and flexible participation in construction projects. The article will explore the ways this model is changing real estate financing and governance, bringing decentralization to an industry traditionally known for its centralized structure. By the end, you'll understand how this innovative approach could transform your relationship with real estate investment and development.
Build21's Innovative Approach to Real Estate Development
Build21, founded by Adrian Vasilescu and Raluca Negrea, is reshaping the Romanian real estate landscape with a unique vision. The company aims to create 21 distinctive developments that set new standards in sustainability, efficiency, and quality of life 1. You'll find that Build21's approach goes beyond traditional real estate by integrating blockchain principles to democratize investment opportunities 1.
By leveraging blockchain technology, Build21 allows you to participate in projects with affordable amounts, opening up previously inaccessible investment avenues 1. This decentralized approach enables you to engage directly with real estate developments, fostering a community of thousands of investors 1.
Build21's focus extends to creating vibrant communities where you can connect and thrive. Their projects often include a mix of affordable housing, public spaces, and environmentally friendly designs 2. This community-centric model not only enhances your quality of life but also offers attractive long-term financial returns 2.
MultiversX and BHero: Powering the Build21 Ecosystem
MultiversX, a cutting-edge blockchain platform, serves as the backbone for Build21's innovative real estate ecosystem. This advanced technology enables Build21 to handle over 30,000 transactions per second, ensuring optimal performance and adaptability 3. By leveraging MultiversX's infrastructure, Build21 reimagines how real estate projects are funded and how communities interact 1.
You'll find that the BHero platform, built on MultiversX, plays a crucial role in this ecosystem. It's where you can purchase NFTs for Build21 projects, with the public sale of NFT memberships for Build21 Helmets scheduled for September 24th at 16:00 UTC 4. The platform's user-friendly interface allows you to claim your purchased NFTs easily, typically taking no more than a minute to complete the process 4.
This blockchain-powered approach offers you unprecedented transparency and security in real estate transactions. It eliminates the need for intermediaries, reducing costs and streamlining processes 5. By combining MultiversX's technological prowess with Build21's vision, you're witnessing a revolution in how real estate development and investment operate.
NFTs as the Gateway to Real Estate Investment ( #RWATokenization )
Build21's innovative approach uses NFTs as a gateway to real estate investment, revolutionizing how you can participate in property markets. Through the Build21 ecosystem, you gain access to a unique dual-token model that democratizes real estate financing 1. The Build21 Helmets NFT serves as your membership token, granting you governance rights, voting privileges, and access to Project NFTs 1.
Project #NFTs act as your revenue stream, representing a Joint Venture Agreement that allows you to claim a share of returns from specific real estate developments 1. This model enables you to invest in projects with an estimated total return of 40% over 2-3 years 1. The system empowers you as a small- or medium-scale investor to participate in real estate development profits without taking on development costs 1.
Reshaping Real Estate Financing and Governance
Build21's innovative approach is reshaping real estate financing and governance, offering you new opportunities for investment and participation. By leveraging blockchain technology, the platform simplifies access to alternative financing models, facilitating investor management for developers and ensuring investment transparency 1. This approach reduces costs and increases the speed of creating, issuing, and exchanging assets, allowing for more tailored digital assets that meet investor demands 1.
The use of blockchain in real estate transactions enhances security and transparency, crucial aspects in fostering trust and efficiency 2. You'll find that this technology streamlines rental collections, payments to property owners, and provides premium due diligence across portfolios, leading to increased operational efficiency and better decision-making 1.
Conclusion
The Build21 and MultiversX collaboration is causing a revolution in real estate investment, offering a fresh approach to property market participation. By combining NFTs with community-driven construction projects, this partnership opens up new possibilities for investors of all scales. The use of blockchain technology enhances transparency and efficiency in real estate transactions, paving the way for a more accessible and flexible investment landscape.
This innovative model has the potential to reshape how we interact with real estate development and investment. It brings decentralization to an industry traditionally known for its centralized structure, empowering investors with greater control and opportunities. As this ecosystem continues to evolve, it's worth keeping an eye on how it might transform the real estate market in the long run. Remember, the public sale of NFT memberships for Build21 Helmets is set for September 24th at 16:00 UTC on https://mvx.bhero.com/nft-collection/build21.
References
[1] - https://multiversx.com/ecosystem/projects-category/nfts-collectibles
[2] - https://twitter.com/mvgrigoras/status/1818668478531834139
[3] - https://multiversx.com/ecosystem/projects?311b2bfc_page=2&7a0299a6_page=4&d48a8be8_page=1&e55aac51_page=2
[4] - https://bhero.com/blog/Build21
[5] - https://medium.com/coinmonks/revolutionizing-real-estate-investment-top-10-blockchain-powered-tokenization-platforms-77ab27450ed3
You'll discover how Build21 is leveraging the MultiversX blockchain and BHero platform to create a unique ecosystem for real estate investment. This system uses NFTs as a gateway to property ownership, allowing for more accessible and flexible participation in construction projects. The article will explore the ways this model is changing real estate financing and governance, bringing decentralization to an industry traditionally known for its centralized structure. By the end, you'll understand how this innovative approach could transform your relationship with real estate investment and development.
Build21's Innovative Approach to Real Estate Development
Build21, founded by Adrian Vasilescu and Raluca Negrea, is reshaping the Romanian real estate landscape with a unique vision. The company aims to create 21 distinctive developments that set new standards in sustainability, efficiency, and quality of life 1. You'll find that Build21's approach goes beyond traditional real estate by integrating blockchain principles to democratize investment opportunities 1.
By leveraging blockchain technology, Build21 allows you to participate in projects with affordable amounts, opening up previously inaccessible investment avenues 1. This decentralized approach enables you to engage directly with real estate developments, fostering a community of thousands of investors 1.
Build21's focus extends to creating vibrant communities where you can connect and thrive. Their projects often include a mix of affordable housing, public spaces, and environmentally friendly designs 2. This community-centric model not only enhances your quality of life but also offers attractive long-term financial returns 2.
MultiversX and BHero: Powering the Build21 Ecosystem
MultiversX, a cutting-edge blockchain platform, serves as the backbone for Build21's innovative real estate ecosystem. This advanced technology enables Build21 to handle over 30,000 transactions per second, ensuring optimal performance and adaptability 3. By leveraging MultiversX's infrastructure, Build21 reimagines how real estate projects are funded and how communities interact 1.
You'll find that the BHero platform, built on MultiversX, plays a crucial role in this ecosystem. It's where you can purchase NFTs for Build21 projects, with the public sale of NFT memberships for Build21 Helmets scheduled for September 24th at 16:00 UTC 4. The platform's user-friendly interface allows you to claim your purchased NFTs easily, typically taking no more than a minute to complete the process 4.
This blockchain-powered approach offers you unprecedented transparency and security in real estate transactions. It eliminates the need for intermediaries, reducing costs and streamlining processes 5. By combining MultiversX's technological prowess with Build21's vision, you're witnessing a revolution in how real estate development and investment operate.
NFTs as the Gateway to Real Estate Investment ( #RWATokenization )
Build21's innovative approach uses NFTs as a gateway to real estate investment, revolutionizing how you can participate in property markets. Through the Build21 ecosystem, you gain access to a unique dual-token model that democratizes real estate financing 1. The Build21 Helmets NFT serves as your membership token, granting you governance rights, voting privileges, and access to Project NFTs 1.
Project #NFTs act as your revenue stream, representing a Joint Venture Agreement that allows you to claim a share of returns from specific real estate developments 1. This model enables you to invest in projects with an estimated total return of 40% over 2-3 years 1. The system empowers you as a small- or medium-scale investor to participate in real estate development profits without taking on development costs 1.
Reshaping Real Estate Financing and Governance
Build21's innovative approach is reshaping real estate financing and governance, offering you new opportunities for investment and participation. By leveraging blockchain technology, the platform simplifies access to alternative financing models, facilitating investor management for developers and ensuring investment transparency 1. This approach reduces costs and increases the speed of creating, issuing, and exchanging assets, allowing for more tailored digital assets that meet investor demands 1.
The use of blockchain in real estate transactions enhances security and transparency, crucial aspects in fostering trust and efficiency 2. You'll find that this technology streamlines rental collections, payments to property owners, and provides premium due diligence across portfolios, leading to increased operational efficiency and better decision-making 1.
Conclusion
The Build21 and MultiversX collaboration is causing a revolution in real estate investment, offering a fresh approach to property market participation. By combining NFTs with community-driven construction projects, this partnership opens up new possibilities for investors of all scales. The use of blockchain technology enhances transparency and efficiency in real estate transactions, paving the way for a more accessible and flexible investment landscape.
This innovative model has the potential to reshape how we interact with real estate development and investment. It brings decentralization to an industry traditionally known for its centralized structure, empowering investors with greater control and opportunities. As this ecosystem continues to evolve, it's worth keeping an eye on how it might transform the real estate market in the long run. Remember, the public sale of NFT memberships for Build21 Helmets is set for September 24th at 16:00 UTC on https://mvx.bhero.com/nft-collection/build21.
References
[1] - https://multiversx.com/ecosystem/projects-category/nfts-collectibles
[2] - https://twitter.com/mvgrigoras/status/1818668478531834139
[3] - https://multiversx.com/ecosystem/projects?311b2bfc_page=2&7a0299a6_page=4&d48a8be8_page=1&e55aac51_page=2
[4] - https://bhero.com/blog/Build21
[5] - https://medium.com/coinmonks/revolutionizing-real-estate-investment-top-10-blockchain-powered-tokenization-platforms-77ab27450ed3
âĄ#MultiversX has announced that Maiar transforms into xPortal.
Set for launch on February 28th, xPortal aims to be the go-to Web3 super app and the ultimate gateway to the Multiverse.
#crypto2023 #Elrond #BNB
Set for launch on February 28th, xPortal aims to be the go-to Web3 super app and the ultimate gateway to the Multiverse.
#crypto2023 #Elrond #BNB
#MultiversX has introduced #Guardians , an on-chain two-factor authentication (2FA) feature for wallet security.
The guardian service requires users to create a guardian address to provide 2FA-controlled signatures. Part of the sign-up process sees the wallet prompt the user to finalize the registration by issuing a transaction to the MultiversX network, which will set the service-generated address as a guardian for their account.
After an account becomes guarded on-chain, transactions issued by the user require both the userâs and the guardianâs signatures. The guardian service will provide a valid guardian signature for the user transaction whenever a user with a guarded account sends a transaction from their wallet and provides a valid 2FA code.
The guardian service requires users to create a guardian address to provide 2FA-controlled signatures. Part of the sign-up process sees the wallet prompt the user to finalize the registration by issuing a transaction to the MultiversX network, which will set the service-generated address as a guardian for their account.
After an account becomes guarded on-chain, transactions issued by the user require both the userâs and the guardianâs signatures. The guardian service will provide a valid guardian signature for the user transaction whenever a user with a guarded account sends a transaction from their wallet and provides a valid 2FA code.
#MultiversX Â - XDay 2023 Highlights
The MultiversX event of 2023 announced several new features and products, which are scheduled to be released in late Q4 2023 or early 2024. Here are more details about these features and products:
1. Multi-wallet support
MultiversX is introducing multi-wallet support to enhance user flexibility in managing digital assets across different wallets. This feature will be integrated into the xPortal App, a digital wallet and global payments app that allows users to exchange and securely store money on their mobile phone. The MultiversX DeFi Wallet, a web extension for browsers, will also support this feature. Users will be able to store their EGLD and ESDT tokens securely, send transactions, and sign messages for operations such as xExchange
The MultiversX event of 2023 announced several new features and products, which are scheduled to be released in late Q4 2023 or early 2024. Here are more details about these features and products:
1. Multi-wallet support
MultiversX is introducing multi-wallet support to enhance user flexibility in managing digital assets across different wallets. This feature will be integrated into the xPortal App, a digital wallet and global payments app that allows users to exchange and securely store money on their mobile phone. The MultiversX DeFi Wallet, a web extension for browsers, will also support this feature. Users will be able to store their EGLD and ESDT tokens securely, send transactions, and sign messages for operations such as xExchange
In just 57 hours I made a profit of over 1000%, it's not difficult at all, just study and find the perfect strategy, buy lows and sell highs when you see weakness.
#MultiversX #Memecoins #BullorBear
#MultiversX #Memecoins #BullorBear
đïž Beniamin Mincu reveals a series of critical updates, upcoming milestones, and strategies designed to further accelerate MultiversXâs growth.
With #Elrond , Beniamin is trying to accelerate the advent of an open financial system, without permission and accessible worldwide.
#keepposting #KeepBulding #MultiversX #BNB
With #Elrond , Beniamin is trying to accelerate the advent of an open financial system, without permission and accessible worldwide.
#keepposting #KeepBulding #MultiversX #BNB
In a new partnership, Deutsche Telekom enters the Web3 arena as its subsidiary Deutsche Telekom MMS has become a validator on the MultiversX Network.
$EGLD #MultiversX
https://blockchainreporter.net/deutsche-telekom-and-multiversx-join-forces-to-shape-the-future-of-web3/
$EGLD #MultiversX
https://blockchainreporter.net/deutsche-telekom-and-multiversx-join-forces-to-shape-the-future-of-web3/
MultiversX: Upcoming Upgrades and Releases
Altair release
Features the imminent MultiversX mainnet milestone, targeting guarded accounts, on-chain 2FA for enhanced security, and several other improvements and fixes.
The feature will enable the protocol to accept and process transactions that are double-signed: a signature generated by the user who enabled the feature and a signature of a third-party entity that was authorized by the user. This third-party entity can be a service that will generate a signature after validating a 2FA code, for example. Single-signed transactions will still work for the accounts that did not opt-in for this feature.
2. Proxima Centauri release
Features a major MultiversX milestone, targeting sovereign shards alpha release on a testnet. A private set of partners will be invited to test and prepare for large-scale production and launch on the mainnet that will be brought by Andromeda.
The scope of this release is to offer a glimpse of what sovereign shards will be, introducing some of the improvements for the consensus: increasing the consensus group in shards, and removing in-shard confirmation blocks. Targeted features include: each 6-second round will allocate up to 5 seconds for transaction execution, ESDTs / NFTs / SFTs / METAESDTs tokens bridge between the main chain and the sovereign chain, simple node configuration as the sovereign chain will start with a fixed set of nodes.
Status:Â release scheduled Q2-Q3 2023.
3. Sirius release
Features a significant MultiversX mainnet milestone containing the following important components: the Virtual Machine 1.5 release, multi-key node feature, protocol governance module, DNS v2 system, multi-claim feature for the delegation system smart-contracts, the dynamic gas cost for trie loads, balanced data tries, transaction execution order dedicated component, several important code refactor, improvements and fixes.
Status:Â release scheduled Q3 2023.
4. Vega release
Features a much awaited MultiversX mainnet milestone containing several improvements and fixes, and the Staking v4 release. The implementation details for the Staking v4 are not the subject of this document and will be handled solely in a series of discussions, proposals, and feedback rounds in order to provide a fair, transparent, and easy-to-understand model.
Status:Â release scheduled Q4 2023.
5. Andromeda release
Features a highly complex MultiversX mainnet milestone bringing into production the major consensus improvements initially presented with Proxima Centauri.
The release will contain the beta version of the sovereign shards with the following features ready: delegated proof of stake and the then-agreed state of the staking v4 algorithms, rewards, epochs, and nodes shuffling, enabling anyone to deploy fully decentralized networks that will be linked with the main chain. The bridging of the tokens will be handled along with proofs-of-event inclusion in blocks. The customization of the nodes set, base token, rewards, epochs/rounds lengths, and economic parameters will be improved in this version. This release candidate will affect the code that runs on the main chain machines as follows: the new consensus model available on the sovereign shards will become available on the main chain, and the consensus signature handling will be improved, opening the path of having 400 nodes in each consensus round, on all shards.
Status:Â release scheduled Q1 2024
6. Supernova release
Features a major MultiversX mainnet milestone, unveiling the integration of zero-knowledge technology which is currently in a heavy research phase.
To enable a more generalized bridge, the zero-knowledge proofs will only contain information about the output accounts (state changes, events, and logs). This will unveil the possibility of implementing a new and embedded privacy layer, as well as a new, more specialized scaling layer. With this update, the MultiversX computer will be very close to an optimum end state.
Status:Â release scheduled Q2-Q3 2024.
#EGLD #MultiversX
Features the imminent MultiversX mainnet milestone, targeting guarded accounts, on-chain 2FA for enhanced security, and several other improvements and fixes.
The feature will enable the protocol to accept and process transactions that are double-signed: a signature generated by the user who enabled the feature and a signature of a third-party entity that was authorized by the user. This third-party entity can be a service that will generate a signature after validating a 2FA code, for example. Single-signed transactions will still work for the accounts that did not opt-in for this feature.
2. Proxima Centauri release
Features a major MultiversX milestone, targeting sovereign shards alpha release on a testnet. A private set of partners will be invited to test and prepare for large-scale production and launch on the mainnet that will be brought by Andromeda.
The scope of this release is to offer a glimpse of what sovereign shards will be, introducing some of the improvements for the consensus: increasing the consensus group in shards, and removing in-shard confirmation blocks. Targeted features include: each 6-second round will allocate up to 5 seconds for transaction execution, ESDTs / NFTs / SFTs / METAESDTs tokens bridge between the main chain and the sovereign chain, simple node configuration as the sovereign chain will start with a fixed set of nodes.
Status:Â release scheduled Q2-Q3 2023.
3. Sirius release
Features a significant MultiversX mainnet milestone containing the following important components: the Virtual Machine 1.5 release, multi-key node feature, protocol governance module, DNS v2 system, multi-claim feature for the delegation system smart-contracts, the dynamic gas cost for trie loads, balanced data tries, transaction execution order dedicated component, several important code refactor, improvements and fixes.
Status:Â release scheduled Q3 2023.
4. Vega release
Features a much awaited MultiversX mainnet milestone containing several improvements and fixes, and the Staking v4 release. The implementation details for the Staking v4 are not the subject of this document and will be handled solely in a series of discussions, proposals, and feedback rounds in order to provide a fair, transparent, and easy-to-understand model.
Status:Â release scheduled Q4 2023.
5. Andromeda release
Features a highly complex MultiversX mainnet milestone bringing into production the major consensus improvements initially presented with Proxima Centauri.
The release will contain the beta version of the sovereign shards with the following features ready: delegated proof of stake and the then-agreed state of the staking v4 algorithms, rewards, epochs, and nodes shuffling, enabling anyone to deploy fully decentralized networks that will be linked with the main chain. The bridging of the tokens will be handled along with proofs-of-event inclusion in blocks. The customization of the nodes set, base token, rewards, epochs/rounds lengths, and economic parameters will be improved in this version. This release candidate will affect the code that runs on the main chain machines as follows: the new consensus model available on the sovereign shards will become available on the main chain, and the consensus signature handling will be improved, opening the path of having 400 nodes in each consensus round, on all shards.
Status:Â release scheduled Q1 2024
6. Supernova release
Features a major MultiversX mainnet milestone, unveiling the integration of zero-knowledge technology which is currently in a heavy research phase.
To enable a more generalized bridge, the zero-knowledge proofs will only contain information about the output accounts (state changes, events, and logs). This will unveil the possibility of implementing a new and embedded privacy layer, as well as a new, more specialized scaling layer. With this update, the MultiversX computer will be very close to an optimum end state.
Status:Â release scheduled Q2-Q3 2024.
#EGLD #MultiversX
đ In the past 90 days, #MetaMask recorded 41k code commits.
@Optimism follows with 20k commits, #dfinity at 5.9k and @MultiversX Network with 4.4k.
#OP #ICP #MultiversX
@Optimism follows with 20k commits, #dfinity at 5.9k and @MultiversX Network with 4.4k.
#OP #ICP #MultiversX
âĄÂ #crypto News Digest: Key Updates You Need to Know (4 April 2023)
This digest provides a quick overview of the most significant #cryptocurrency news, that worthy of your attention.
#Injective #Zilliqa #MultiversX $EUL $HT $EGLD $INJ $ZIL $ASTR $WBT
This digest provides a quick overview of the most significant #cryptocurrency news, that worthy of your attention.
#Injective #Zilliqa #MultiversX $EUL $HT $EGLD $INJ $ZIL $ASTR $WBT
#MultiversX launched its xPortal super app, integrating digital finance, AI avatars, and chat features into a mobile interface for the Metaverse.
#EGLD #xPortal #Web3
#zero2hero #NFA
#EGLD #xPortal #Web3
#zero2hero #NFA
MultiversX unveils the upgraded XOXNO Network platform
#MultiversX announces the upgraded #XOXNONetwork platform. With this upgrade, #XOXNO now provides a Web2-like native mobile wallet, integrated on-chain ticketing platform, innovative liquidity staking, loan protocol, sovereign chain dedicated to the #NFT technology, and wide token integrations. Through this upgrade, XOXNO is now evolving from an NFT marketplace into a multifunctional infrastructure.
đ x.com/xLaunchpadApp/status/1801587579952734272
#MultiversX announces the upgraded #XOXNONetwork platform. With this upgrade, #XOXNO now provides a Web2-like native mobile wallet, integrated on-chain ticketing platform, innovative liquidity staking, loan protocol, sovereign chain dedicated to the #NFT technology, and wide token integrations. Through this upgrade, XOXNO is now evolving from an NFT marketplace into a multifunctional infrastructure.
đ x.com/xLaunchpadApp/status/1801587579952734272
#MultiversX Â - XDay 2023 Highlights
The MultiversX event of 2023 announced several new features and products, which are scheduled to be released in late Q4 2023 or early 2024. Here are more details about these features and products:
2. Multi-currency European IBANs
MultiversX will offer multi-currency European IBANs, which are bank account numbers pre-setup with 35-50 different currencies. This feature will allow users to receive funds and store them in the correct currency account, regardless of the currency in which they are paid. This is particularly beneficial for businesses operating in multiple markets and countries. The multi-currency IBANs are designed to save banking costs and foreign exchange for large players, and to reduce effort and confusion for customers
The MultiversX event of 2023 announced several new features and products, which are scheduled to be released in late Q4 2023 or early 2024. Here are more details about these features and products:
2. Multi-currency European IBANs
MultiversX will offer multi-currency European IBANs, which are bank account numbers pre-setup with 35-50 different currencies. This feature will allow users to receive funds and store them in the correct currency account, regardless of the currency in which they are paid. This is particularly beneficial for businesses operating in multiple markets and countries. The multi-currency IBANs are designed to save banking costs and foreign exchange for large players, and to reduce effort and confusion for customers
⥠#MultiversX has been integrated into #Opera browser on both mobile and desktop platforms
MultiversX, a highly scalable, fast, and secure #blockchain platform for distributed apps, is now integrated into Opera's browser mobile and desktop platforms. This innovation simplifies the onboarding process and accelerates global adoption by providing instant access to #EGLD , ESDT tokens, #NFT , transfer management, transactions, and transaction history.
MultiversX, a highly scalable, fast, and secure #blockchain platform for distributed apps, is now integrated into Opera's browser mobile and desktop platforms. This innovation simplifies the onboarding process and accelerates global adoption by providing instant access to #EGLD , ESDT tokens, #NFT , transfer management, transactions, and transaction history.
