Concept
Sovereign Shards
The Sovereign Shards on MultiversX offer a transformative approach to blockchain development, providing developers with the toolkit to create their own app-specific blockchains. These dedicated chains are fully customizable and integrate seamlessly with the broader MultiversX ecosystem, ensuring scalability, flexibility, and sovereignty. With Sovereign Shards, developers gain the freedom to tailor their blockchain's architecture, security, and economics to suit unique application needs, from gaming to institutional use cases.
This innovative feature supports high-throughput, low-latency applications by dedicating computational resources exclusively to them, thus enhancing performance and user experience. Moreover, the Sovereign Shards promote interoperability and composability within the MultiversX network, enabling a unified, efficient, and user-friendly environment across diverse applications.
ESDT Token
Custom tokens at native speed and scalability, without ERC20
The MultiversX network natively supports the issuance of custom tokens, without the need for contracts such as ERC20, but addressing the same use-cases. Due to the native in-protocol support, transactions with custom tokens do not require the VM. In effect, this means that custom tokens are as fast and scalable as the native EGLD token itself.
Users also do not need to worry about sharding when transacting custom tokens, because the protocol employs the same handling mechanisms for ESDT transactions across shards as the mechanisms used for the EGLD token. Therefore, shading is automatically handled and is invisible to the user.
Technically, the balances of ESDT tokens held by an Account are stored directly under the data trie of that Account. It also implies that an Account can hold balances of any number of custom tokens, in addition to the native EGLD balance. The protocol guarantees that no Account can modify the storage of ESDT tokens, neither its own nor of other Accounts.
ESDT tokens can be issued, owned and held by any Account on the MultiversX network, which means that both users and smart contracts have the same functionality available to them. Due to the design of ESDT tokens, smart contracts can manage tokens with ease, and they can even react to an ESDT transfer.
xPortal
Experience the power of convenience and security in one place. Built by MultiversX, xPortal is the go-to app for all crypto needs. Securely store your cryptocurrencies and NFTs, effortlessly swap tokens, and soon, enjoy the perks of our upcoming debit cards with exciting cashback rewards. Join millions of users who trust xPortal for seamless finance management, gamified missions & AI avatar creation, global payments, and a social experience like no other.
xAlias
xAlias is a single sign-on solution for Web3, powered by Google Sign-In (Web2). It allows new users (not yet proficient in blockchain technologies) to quickly and easily create blockchain wallets (without needing seed phrases), then start immediately and interact with MultiversX dApps.
It's a self-custody wallet, and it's convertible to a conventional Web3 wallet at a later point.
Extension Wallet
Popularly referred to as the "future of money," MultiversX currently has a robust web wallet extension known as the MultiversX DeFi Wallet. It is a powerful browser extension for the MultiversX Wallet that effectively automates and reduces the steps and time required for users to interact with MultiversX Decentralized apps.
The MultiversX DeFi Wallet can be installed on Firefox, Chrome, Brave, and other Chromium-based browsers. This extension is free and secure, with compelling features that allow you to create a new wallet or import existing wallets, manage multiple wallets on the MultiversX mainnet, and store MultiversX tokens such as EGLD, ESDT, or NFTs on the MultiversX Network with easy accessibility.
Rust & WASM
CyberNetwork's Virtual Machine (VM) executes WebAssembly. This means that it can execute smart contracts written in any programming language that can be compiled to WASM bytecode. Though, we only provide support for Rust.
Developers are encouraged to use Rust for their smart contracts, however. MultiversX provides a Rust framework which allows for unusually clean and efficient code in smart contracts, a rarity in the blockchain field. A declarative testing framework is bundled as well. For the best coding experience, developers have the MultiversX IDE at their disposal.
Read more about the MultiversX VM here.
Relayed Transactions
Relayed transactions (or meta-transactions) are transactions with the fee paid by a so-called relayer. In other words, if a relayer is willing to pay for an interaction, it is not mandatory that the address interacting with a Smart Contract has any EGLD for fees.
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