MultiversX (EGLD), formerly known as Elrond (EGD), is the technological ecosystem of the new Internet. It aims to include different Fintech companies (FinTeChs), decentralized financial projects (DeFis) or the Internet of Things (IoT). It is a project that seeks to provide extremely fast transactions through the use of fractions. It boasts one of the fastest and cheapest transactions in the cryptocurrency world. MultiversX should reportedly be able to process 15,000 transactions per second (TPS) with transaction costs of a fraction of a cent. MultiversX is described as a blockchain platform for everyone. It is intended to be used primarily in the new economy built around the Internet, but also for decentralized applications or businesses. It also prides itself on being the first protocol to implement transaction, network and state slicing. As such, it aims to provide highly scalable transactions. Currently, it has 3,200 validators and has facilitated over 303 million transactions. It has four main slices, three of which are execution slices. Each of them is capable of executing about 5,400 transactions per second. The last slice is called "Metachain" and is the coordination slice. If necessary, more slices can be added to the process to increase transaction throughput.