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ECOSYSTEM SCORE
ECOSYSTEM SCORE
The score reflects the overall worthiness of the blockchain's ecosystem, as determined by regular monitoring and collective reviewing of the ecosystem.
ECOSYSTEM SCORE
ECOSYSTEM SCORE
ALERTS
ALERTSDevnet - 4 components have degraded performance on Mar 20, 2023.
Testnet - 6 components have degraded performance on Mar 20, 2023.
Devnet - Maiar App - Major outage for 7 hrs 26 mins on Mar 16, 2023.
Testnet - Maiar App - Major outage for 7 hrs 26 mins on Mar 16, 2023.
Devnet - Maiar App - Major outage for 7 hrs 39 mins on Mar 15, 2023.
Testnet - Maiar App - Major outage for 7 hrs 39 mins on Mar 15, 2023.
Devnet - Maiar Exchange - Major outage for 1 min on Mar 14, 2023.
Devnet - Maiar App - Major outage for 4 hrs 47 mins on Mar 14, 2023.
Testnet - Maiar App - Major outage for 4 hrs 47 mins on Mar 14, 2023.
Devnet - Maiar Exchange - Degraded Performance on Mar 13, 2023.
Devnet - Maiar App - Major outage for 7 hrs 50 mins on Mar 13, 2023.
Testnet - Maiar App - Major outage for 7 hrs 50 mins on Mar 13, 2023.
Devnet - Maiar App - Major outage for 24 hrs on Mar 12, 2023.
Testnet - Maiar App - Major outage for 24 hrs on Mar 12, 2023.
Devnet - Maiar App - Major outage for 24 hrs on Mar 11, 2023.
Testnet - Maiar App - Major outage for 24 hrs on Mar 11, 2023.
Devnet - Maiar App - Major outage for 9 hrs 42 mins on Mar 10, 2023.
Testnet - Bridge - Major outage for 7 mins on Mar 10, 2023.
Testnet - Maiar App - Major outage for 9 hrs 42 mins on Mar 10, 2023.
Devnet - Maiar App - Major outage for 14 hrs 10 mins on Mar 09, 2023.
REVIEW NOTES
REVIEW NOTES
Overall ecosystem score has been decreased due to decrease in add ons score.
Add Ons score has been decreased due to updates.
Elrond has become MultiversX. items and URL's have been updated
Protocol review done on January 17, 2023.
Protocol review done on December 16, 2022.
Protocol review done on December 5, 2022.
Protocol review done on November 15, 2022.
Protocol review done on October 31, 2022
Ecosystem Score increased due to increase in Grant program & Performance score
Grant Program Score increased due to new findings.
Protocol review done on October 14, 2022
Third party services increases by oracle integration and cloud provider
Add-Ons are decreases by security auditing tool
Foundation tools increases by essential tools, programming languages and sdks
Documentation score is increased as API documentation are added
PERFORMANCE
PERFORMANCE
The score depicts the network's performance rating based on metrics like avg TPS, nodes, gas fees, and uptime.
PERFORMANCE
PERFORMANCE
3,200 nodes
28,959 ms
458 ms
1,000,000,000 atoms of egld
100%
| PERFORMANCE MATRIX | VALUE | MONITORED AT |
|---|---|---|
| Read Speed | 458 ms | |
| Write Speed | 28,959 ms | |
| Gas Fee | 1,000,000,000 atoms of egld | |
| Uptime Percentage | 100% | |
| Node Count | 3,200 nodes | |
| Reddit Total Members Online | 1,100 members | |
| Reddit Total Members | 16,700 members | |
| Discord Total Subscribers Online | 262 subscribers | |
| Discord Total Subscribers | 4,210 subscribers | |
| Telegram Err | 49 err | |
| Telegram Ppm | 26 ppm | |
| Telegram Views Per Post | 11,086 views | |
| Telegram Total Subscribers Online | 4 subscribers | |
| Telegram Total Subscribers | 471 subscribers |
FOUNDATION TOOLS
FOUNDATION TOOLS
The score represents the development support the protocol offers to developers in terms of tools and resources.
FOUNDATION TOOLS
FOUNDATION TOOLS
DOCUMENTATION
DOCUMENTATION
he score is derived by considering the documentation support offered by the protocol to help developers better understand the protocol's ecosystem.
DOCUMENTATION
DOCUMENTATION
Exists
Exists
Exists
Exists
GRANT PROGRAM
GRANT PROGRAM
The score reflects the protocol's progressiveness in allocating funds to support the developers who are building on top of the blockchain.
GRANT PROGRAM
GRANT PROGRAM
$40M+
$15M
ADD-ONS
ADD-ONS
The score reflects how equipped is the protocol's ecosystem with add-on tools like code editors, IDEs and security
auditing tools.
ADD-ONS
ADD-ONS
THIRD PARTY SERVICES
THIRD PARTY SERVICES
The score reflects the protocol's ability to provide third-party services such as Oracle integration, API management, and cloud services.
THIRD PARTY SERVICES
THIRD PARTY SERVICES
PROTOCOL SUPPORT
PROTOCOL SUPPORT
It reflects how well the protocol's support system works in terms of communication tools, DAO rating, development community size, and stack exchange, among other things.
PROTOCOL SUPPORT
PROTOCOL SUPPORT
ADOPTION
ADOPTION
It indicates how widely the protocol has been adopted in the industry, taking into account aspects such as the
number of developers that are using it and the number of transactional values.
ADOPTION
ADOPTION
5,365
168
118
41%
COMMUNITY
COMMUNITY
The score depicts the protocol's overall responsiveness toward its members in online communities like Discord,
Telegram, Slack, Linkedin, etc.
COMMUNITY
COMMUNITY
Overview
MultiversX Network claims to be the first blockchain platform to successfully implement all three aspects of sharding - state, network, and transactions - in one cohesive system. Its innovative "Adaptive" component allows for dynamic network configuration, ensuring top-notch security and seamless scalability.
Setting itself apart from the competition, MultiversX takes a unique approach to consensus through its Secure Proof of Stake mechanism. This consensus mechanism eliminates potential attack vectors when compared to Proof of Work and drives high throughput and speedy execution.
MultiversX's breakthrough solutions to some of the toughest challenges in the blockchain space make it stand out in performance, cost, and ease of use. The platform is able to deliver top-notch performance on inexpensive computers, leading to a low cost per transaction. The unparalleled developer experience and end-user usability further solidify MultiversX's position as a game-changer in the blockchain space.
About MultiversX
MultiversX is a secure, fast, and highly scalable blockchain platform developed to build distributed apps and enterprise applications on. Its design is in line with the evolving internet economy. The protocol uses adaptive sharding and Secure Proof of Stake to increase throughput and solve the blockchain trilemma. According to this trilemma, it's impossible to achieve security, scalability, and decentralization simultaneously with our current state of technology. However, MultiversX stands to solve this trilemma with its unique modus operandi. The MultiversX Network boasts a current transaction processing capacity of 15,000 transactions per second (TPS) with a 6-second block time and a low transaction cost of $0.001. Its ability to scale beyond 100,000 TPS makes this impressive performance even more remarkable. Note that these figures have been sourced from MultiversX’s official site at the time of writing and are subject to change.
Consensus Mechanism
MultiversX reaches consensus on transactions through a mechanism called Secure Proof of Stake (SPoS), which is an upgraded version of Proof of Stake that ensures distributed fairness and long-term security.
It involves random consensus group selection for high security and eliminates computational waste.
Key Features
- MultiversX works on the principle of adaptive sharding for increased throughput and efficiency.
- The protocol has its own VM for smart contract execution. It is one of the fastest virtual machines in the blockchain space.
- MultiversX maximizes security with the Secure Proof of Stake consensus mechanism.
- MultiversX's built-in automatic transaction routing and state redundancy mechanisms significantly reduce latencies.
- Transaction costs are negligible, making it a superior choice as compared to many legacy blockchain networks.
Founders
Elrond rebranded itself to MultiversX in November 2022. Regarding Elrond, it was launched in 2017 by Lucian Todea, Beniamin Mincu, and Lucian Mincu. While Lucian Todea is currently the COO, Beniamin Mincu is the CEO, and Lucian Mincu is the CIO of the company.
Popular Use Cases
- Maiar exchange is a DEX automated market maker.
- CryptoBubbles is an engaging, Elrond-based game.
- Maiar wallet is a wallet you can create with your phone number in seconds.