MultiversX (formerly Elrond) is a distributed blockchain network for next-gen applications. It is decentralized with 3,000+ validator nodes, scalable via adaptive state sharding, supports up to 263,000 TPS, uses Secure Proof of Stake consensus, features a WASM-based VM for smart contracts, and is energy-efficient. The native token EGLD secures the network, pays gas fees, and enables governance. Founded by Beniamin Mincu, Lucian Mincu, and Lucian Todea.