What was the original name of MultiversX?

The implementation of sharding within MultiversX's architecture significantly enhances scalability, allowing for high-volume transactions without compromising speed or affordability. This feature sets it apart from other blockchain platforms, making it an attractive option for users seeking efficient and cost-conscious solutions.

MultiversX, formerly known as Elrond, represents a groundbreaking advancement in blockchain technology. It employs sharding, an innovative approach that enables the network to handle a vast number of transactions swiftly and cost-effectively.

In addition to spot trading, BTCC also offers futures trading, allowing users to speculate on the future price movements of cryptocurrencies. This feature adds an extra layer of flexibility and potential profit opportunities for traders looking to capitalize on market trends.

Prior to MultiversX's emergence, Ethereum established itself as the pioneering layer 1 (L1) blockchain that introduced smart contract functionality. Ethereum's success paved the way for numerous other projects to build upon its foundational technology, further advancing the blockchain ecosystem.

Despite Ethereum's pioneering role, MultiversX has carved out its own niche by addressing scalability challenges and offering a more efficient alternative for on-chain transactions. Its focus on speed, affordability, and high transaction volumes positions it as a formidable competitor in the blockchain space.