You'll definitely agree with me that every meaningful technology story starts with a bold question and for MultiversX, that question was simple but ambitious: What would a blockchain look like if it were built for the scale of the real world and not just for early adopters?
That question gave birth to Elrond, and years later evolved into something even bigger.
This is the story of how a high-performance experiment became a living ecosystem, and how Supernova marks the next chapter in a long-term vision on MultiversX.
The Elrond Beginning: Performance as a First Principle
Elrond launched it's project on 30th of July 2020, the blockchain space was already crowded during this period with Ethereum igniting the smart contract era, but scalability was a constant pain point.
During this year, Blockchain Networks were congested due to high transaction pressure, some users also experienced increase in transaction fees and user experience suffered.
Elrond didn’t try to patch these problems but it redesigned the foundation.
The breakthrough came in the form of Adaptive State Sharding, a system that split the network into shards while keeping security and decentralization effective. The team also added Secure Proof of Stake, and Elrond suddenly stood out as a blockchain that could process thousands of transactions per second with low latency and minimal fees.
But performance was never the end goal of Elrond back then but it was a path to something bigger since Elrond wasn’t just chasing numbers but it was chasing usability, scalability and Blockchain efficiency at global scale.
Building More Than a Chain: An Ecosystem Takes Shape
As the network stabilized, something important began to happen which was the arrivals of builders.
Developers started launching DeFi protocols, NFTs, gaming projects, and tooling on Elrond Blockchain. The Maiar Wallet lowered the barrier to entry for everyday users, turning private keys and seed phrases into something almost invisible. Maiar DEX introduced decentralized finance with a clean user experience.
At the same time, the community was growing steadily with validators, content creators, educators, and enthusiasts who weren’t just using the network, but shaping its culture.
Elrond became known for something unique in cryptocurrency space which has to do with it's technical depth paired with clarity of vision.
The MultiversX Rebrand: Expanding the Vision
The rebrand from Elrond to MultiversX wasn’t cosmetic but philosophical. The focus shifted from being “just” a fast blockchain to becoming a platform for a new digital economy. One where finance, identity, gaming, AI, and real-world applications could coexist seamlessly and effectively.
Rebranding into MultiversX era introduced;
xExchange as a mature DeFi hub
xPortal, reimagining the wallet as a digital super-app
A stronger emphasis on interoperability, developer tooling, and user experience
MultiversX wasn’t just trying to win a single narrative but it was preparing to host many.
But beneath the surface, a deeper challenge was emerging.
Hitting The Ceiling: When Success Demands Evolution
As more users began to adopt MultiversX, the complexity began to increase such that even the most advanced architectures face trade-offs. Consensus, execution, and state management all tightly coupled begin to limit how far a network can evolve without friction.
Rather than waiting for problems to become visible, the MultiversX team made a rare decision which was to rethink the system before it breaks.
This is where Supernova enters the story.
Supernova: A New Genesis, Not Just an Upgrade
Supernova is not a patch. It’s a structural evolution on the MultiversX Blockchain which serves as a fundamental protocol upgrade that rethinks how consensus and execution interact in MultiversX. Rather than optimizing around existing constraints, it removes one of them entirely.
Supernova introduces the decoupling of consensus from execution which changes what the network can support in practice.
The network can be more flexible, efficient, and able to grow without putting security or finality at risk by splitting up these tasks.
What does that mean in real life?
Performance that is faster and more predictable when under load
More freedom to make execution environments better
A base for future features like specialised execution layers and better ways to scale
In short, MultiversX is getting ready for the next ten years, not the next cycle. Supernova represents maturity by utilizing the moment when a network stops chasing benchmarks and starts designing for inevitability.
The Constant Community
Through every phase which includes the Elrond’s launch, the ecosystem boom, the rebrand, and now Supernova, one thing has always remained constant which is the "community".
The project still have active validators who are always securing the network, developers who are always creating project on the blockchain and shipping in during the bear markets. Educators who are always translating and explaining complex ideas into simple language for users to learn and understand and community members who will always stay, invest, build, and believe in MultiversX regardless of the FUD from Fudders.
This shows that MultiversX has never been just code, but has always been a shared journey with community of like minds.
Looking Ahead: A Network That Refuses to Remain Static
Supernova is not the final destination, it’s the Launchpad. MultiversX today stands as a network that has:
Proven its technology in terms of production
Grown a resilient ecosystem
Shown the courage to evolve its core architecture
In a space obsessed with shortcuts and manipulation, MultiversX chose the harder path which is to build it right, then rebuild it better.
From Elrond’s early experiments to Supernova’s new genesis, the story is clear. This is what it looks like when a blockchain is ready to stay and serve it's users by playing the long game.
Reference Links
https://multiversx.com/blog/supernova-decoupling-consensus-and-execution
https://multiversx.com/blog/maiardex-transforms-into-xexchange-mex-20-economics
Meet Hardaeborla – A Passionate Web3 Enthusiast
Hardaeborla is a dedicated Web3 enthusiast committed to driving blockchain adoption and empowering decentralized communities. With a strong passion for innovation and digital freedom, he actively contributes to projects that promote privacy, transparency, and inclusivity in the Web3 space. From creating engaging content and insightful Twitter threads to participating in community campaigns and AMAs, Hardaeborla leverages his creativity and knowledge to educate and inspire others.
Hardaeborla represents the spirit of the decentralized movement—collaborative, visionary, and always building for the future. Connect with Hardaeborla via the link below
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