About

MultiversX is a company that provides a range of utility products and xProducts to support the MultiversX ecosystem. Their utility products include MxBridge, MxWallet, and MxExplorer, while their xProducts include xMoney, xExchange, xLaunchpad, xFabric, xPortal, xWorlds, and xSpotlight. These products aim to provide cross-chain asset bridging, web wallets, blockchain explorer, web3 payment gateway, decentralized exchange, launchpad for ambitious projects, no-code web3 building platform, and more.

History

Elrond is a new blockchain architecture, designed for high throughput and fast execution speed. To achieve this, Elrond introduces two key features: an Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, which aims to enable linear scalability. The team says its smart contract platform can process upwards of 15,000 transactions per second, with six-second latency and low transaction costs, yet aims to remain permissionless, borderless, and globally accessible.

Elrond is built by a team of entrepreneurs, along with 13 engineers and researchers who have worked at various tech companies, such as Microsoft, Google, Intel, and NTT DATA, and have experience working with blockchain platforms.

The team includes two PhDs in CS and AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.