MultiversX to Activate Barnard Upgrade on July 24

MultiversX has announced the Barnard upgrade, its second major release after Andromeda, scheduled for mainnet activation on July 24. The update introduces protocol-level governance, improved developer tools, and prepares the network for the future Supernova upgrade.

EGLD Info

MultiversX (formerly Elrond) is a technology ecosystem for the new internet. Its smart contracts execution platform is capable of 15,000 TPS, 5s latency and $0.001 tx cost, focused on fintech, DeFi and IoT.

MultiversX money & DeFi app Maiar offers an intuitive first-time experience with blockchain, offering progressive security and a gamified approach to unlocking more useful features.

The MultiversX Proof of Stake economic model has a limited supply; its token is named eGold to convey the notion of digital store of value to the next billion users.