Thread by @DBCrypt0

1/ The reason why you should NOT ignore #MultiversX…

🚨 Before reading please know anything shared is NOT an opinion. It is fact and backed by data 🚨

The reason you may not have heard much about #MultiversX formerly @ElrondNetwork is 🧵

@egld_initiative #Elrond

2/ because they were primarily self funded. Their seed round July 15th, 2019 raised $1.9mill

Another $15mill in 2021 and $40mill raised in 2022

Let’s compare:

#Solana $400mill +
#DOT $300mill +
#Cardano $160mill +
#Avax $600mill 🤯
#Elrond $67 mill

Why does this matter? 👇

3/ Unless you have been living under a rock lately you know that VC’s manipulate markets *cough* #FTX #Alameda

They only care about hyping and pumping their own bags

To keep from being heavily VC controlled #Elrond limited their early investors 👏

#MultiversX 👇

4/ Lack of VC hype certainly doesn’t mean it isn’t worth paying attention too though

So let’s move on to why you should take some time to learn more about #Elrond

#MultiversX is basically #ETH 3.0

Why? 🤔

Look at #ETH 2.0 roadmap and you will see #Elrond has it all NOW! 👇

5/ Not only that but they improved upon it! 🤯

🔸Proof of Stake -> Secure PoS
🔸Sharding -> Adaptive State Sharding
🔸EVM -> Elrond VM based on WASM

Everything #ETH 2.0 plans to release in the next 2-5 years #MultiversX has active NOW and a superior version 👇

$eGLD ⚡️

6/ #ETH 2.0 plans to implement state sharding and expected to have 64 shards capable of an estimated 100k TPS

This is not expected till 2024 at the earliest!

#MultiversX utilizes Adaptive State Sharding allowing for MUCH more scalability

https://twitter.com/dbcrypt0/status/1590710825618399233?s=46&t=jTnpJjObgXYl82QUXbHZNA

https://t.co/Xjea85DUfY

7/ 100k TPS may seem like a lot but these are basic Tx and don’t take into account complex SC operations

In the future we will likely see transactions into the millions per second 🤯

#ETH will forever rely on L2’s because of this and there are many possible downsides to this

8/ Next we have Proof of Stake:

#MultiversX uses Secure Proof of Stake, SPoS, that randomizes consensus

Making it impossible to predict or influence validators

#Decentralization is improved since pooling of resources won’t increase chance of block rewards 🔥

#Elrond ⚡️

9/ #MultiversX has 3,200 nodes currently which is the 3rd most behind #Ethereum

#Decentralization may not be a buzz word now but it is one of the 🔑 reasons #blockchain architecture was created

#Elrond #missionX ⚡️

10/ Last up is the #Elrond VM

Built from the ground up and one of the fastest and most efficient in #crypto

Based on WebAssembly(WASM) to support the most used languages

Another thing #ETH 2.0 plans to implement…at some point 😳

11/ All of this allows for TPS of currently 10k PER shard

Upcoming upgrades will bring this to 16k+, allow for near INSTANT intra-shard finality, and ~10 second cross-shard finality 🤯

Limitless scalability, provable security, and top tier #decentralization 🥇

12/ There are MANY more reasons to look into #MultiversX but I won’t get into all those now

All I will say is DYOR and keep an open mind

You may be pleasantly surprised 👀

Thanks to @WesleyBKress @ElrondWarriors & @Coin98Analytics for visuals 🙏

@ElrondNetwork #mission10 ⚡️

EDIT: #Elrond has actually only had 2 funding rounds for $5.15 million total

Thank you to the team for correcting this and I apologize for the misinformation! 🙏

crunchbase.com/funding_round/…

binance.com/en/support/ann…

2/ EDIT: #Elrond has actually only had 2 funding rounds for $5.15 million total

Thank you to the team for correcting this and I apologize for the misinformation! 🙏

crunchbase.com/funding_round/…

binance.com/en/support/ann…