MultiversX, is a high-performance Layer-1 blockchain aimed at addressing the limitations of older platforms like Ethereum. Its core innovations include adaptive state sharding, which splits the network into shards to allow parallel processing, and Secure Proof-of-Stake (SPoS), enhancing both security and speed. This combination enables MultiversX to handle up to 15,000 transactions per second, making it highly scalable and efficient.

In 2024, MultiversX introduced the Sovereign Chains SDK, allowing developers to build custom Layer-2 or application-specific chains (appchains) that are natively interoperable with the ecosystem.

Despite its advanced technology and ambitious roadmap, MultiversX has yet to achieve widespread adoption. It’s a bit like reading about a “perfect” blockchain setup in theory without understanding why that success hasn’t fully materialized in practice yet. This article on Messari is the most detailed I have seen in a long time. Show Less