MultiversX EGLD

MultiversX (formerly Elrond) is a scalability focused blockchain network that is building a new internet economy. The network utilizes a blockchain scaling approach called sharding to split the network into smaller pieces in order to address the latency issues that have affected other blockchains as they grow. EGLD is MultiversX’s native token, which allows users to pay for network transaction fees and to earn rewards for helping to secure the network via staking.