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MultiversX to Activate Barnard Upgrade on July 24

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Barnard

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.