Rubix is an L1 blockchain protocol consisting of thousands of proofchains that always compose to one global state without needing centralized coordinators.  The architecture is modular where apps/enterprises can build subnets, merge them, detach them, all on a public chain with one swarm key.  This modular architecture with multi-threading results in parallelism & ultra high scalability.  It also helps in achieving zero gas fees.  Rubix is the only L1 with decentralized identity built right from the scratch.  Rubix also solves the state storage problem seen in other chains - Rubix is highly storage efficient & hence ideal for Web3 applications.  RBT is the native utility token, which is a must to perform a peer to peer transaction on the chain.  Miners are incentivized with RBT rewards.  There will be a maximum of 51.4 million tokens eventually, of which about 6 million are mined.  Rubix node can be run any system with 8GB RAM & i5 processor, does not need high end ASIC nodes.  We have several enterprises & apps being built on Rubix currently in verticals like ESG, carbon credits, NFTs, telecom, gaming & stablecoins.

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MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.

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