# MultiversX > The Internet-Scale Blockchain MultiversX is a blockchain platform for building decentralized applications that need speed, scalability, and security. MultiversX (previously Elrond) is a blockchain platform for creating decentralized applications. Users can deploy automated agreements, manage digital assets, and build efficient systems for payments or other use cases. The platform focuses on high-speed processing, low costs, and secure execution to support real-time use across different sectors. - Type: Network - Sector: Blockchain Platforms - Status: Active - Founded: 2018-04-01 - Profile: https://thegrid.id/profiles/multiversx ## Products - [MultiversX Blockchain](https://thegrid.id/profiles/multiversx): MultiversX Blockchain operates as a Layer 1 protocol using adaptive state sharding, enabling parallel transaction processing across multiple shards. The system maintains network security through Secure Proof of Stake consensus while supporting WASM-based smart contracts and native asset creation. (L1, Live, Main Product) - [MultiversX Explorer](https://thegrid.id/profiles/multiversx): MultiversX Explorer provides real-time blockchain data visualization, displaying transaction history, block information, validator statistics, smart contract activity, and network metrics for the MultiversX blockchain. (Block Explorer, Live) - [xPortal](https://thegrid.id/profiles/multiversx): xPortal is a non-custodial crypto wallet and payments app enabling users to store digital assets, access DeFi services, and interact with MultiversX ecosystem applications through a unified interface. (Wallet, Live) - [xExchange](https://thegrid.id/profiles/multiversx): xExchange is a decentralized exchange with automated market making functions, enabling token swaps, liquidity provision, and yield farming on the MultiversX network. (Decentralised Exchange, Live) - [xLaunchpad](https://thegrid.id/profiles/multiversx): xLaunchpad is a project launch platform facilitating initial token offerings and funding for blockchain startups building on the MultiversX ecosystem. (Launch Pad, Live) - [xMoney](https://thegrid.id/profiles/multiversx): xMoney is a payment processing platform enabling merchants to accept cryptocurrency payments with fiat conversion capabilities and banking integration. (Merchant Payment Gateway, Live) - [MultiversX Bridge](https://thegrid.id/profiles/multiversx): MultiversX Bridge enables cross-chain asset transfers between MultiversX and other blockchain networks, facilitating interoperability and multi-chain access. (Bridge, Live) ## Assets - [eGold (EGLD)](https://thegrid.id/profiles/multiversx): EGLD is the native token of the MultiversX blockchain. It is used to pay transaction fees, stake for network security, participate in governance, and execute smart contracts. The network divides itself into parallel processing units called shards, enabling EGLD transactions to be validated simultaneously across multiple shards rather than waiting in a single queue. (Native) - [MultiversX (EGLD)](https://thegrid.id/profiles/multiversx): EGLD is the native token of MultiversX blockchain. It is used to pay transaction fees, stake for network security and validator rewards, and vote on governance decisions. Holders can lock their tokens to become validators or delegate to existing validators, earning a portion of block rewards and transaction fees as staking incentives. (Utility) ## Links - [Main](https://multiversx.com) - [Documentation](https://docs.multiversx.com) - [Blog](https://multiversx.com/blog) - [Whitepaper](https://cdn.multiversx.com/webflow/multiversx-whitepaper.pdf) - [Governance](https://governance.multiversx.com) - [Forum](https://agora.multiversx.com) - [Twitter / X](https://x.com/MultiversX) - [Telegram](https://t.me/MultiversX) - [Discord](https://discord.com/invite/multiversxbuilders) - [Facebook](https://www.facebook.com/MultiversX) - [LinkedIn](https://www.linkedin.com/company/multiversx) - [Reddit](https://www.reddit.com/r/elrondnetwork) - [YouTube](https://www.youtube.com/@MultiversXOfficial) - [Instagram](https://www.instagram.com/multiversxofficial) - [GitHub](https://github.com/multiversx) ## Legal This data is provided under two licensing models. Model 1 - open data. 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