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Is MOAC Truly the Mother of All Chains?

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MOAC was launched as a cryptocurrency on 16th January 2018 and has since then climbed to the 67th position (current statistics at the time of writing from coinmarketcap.com). The objective of MOAC as described in its official website is to “design a scalable and resilient Blockchain that supports transactions, data access, and control flow in a layered structure.” The framework of MOAC lets users execute smart contracts efficiently. The network is also structured to create sub blockchains using underlying infrastructure easily. The MOAC blockchain comes with necessary plumbing parts that are required to build sub blockchains, and are also capable of doing private chain deployment.

Problems Currently Faced

The present blockchain technologies and platforms are complex and difficult to grasp and have high usage fees. All these features also have an impact on scalability. As per MOAC, the existing platforms have “low-performance transactions-per-second (TPS), fixed consensus models, and are not able to quickly adapt to the ever growing needs of developers.” Mining in the blockchain community is another issue as it is still highly centralized. Another drawback is the blockchains platforms generally do not communicate with each other and are also alienated from other smart contracts and blockchain systems. It is quite challenging to build new blockchains and most of the present blockchains are difficult to upgrade.

The MOAC Platform

MOAC Blockchain Tech, Inc. (MOAC) has developed a Multi-Blockchain platform that addresses the primary issues faced by the existing blockchain platforms. The layered structure of the MOAC platform effectively manages to reduce dApp developer costs and at the same time increases the rate of transactions and volume using sharding technology. The transaction processing speed when compared to that of Ethereum is almost 100x faster as the balance transfers and smart contracts are taken separately. The layered Multi-blockchain structure also aids in the process of making the transactions faster.

The intersystem Proof of Work system incorporated in the MOAC network can be described as MotherChainTM that looks over data storage. MotherChainTM also handles computer processing for dApps and smart contracts. MotherChainTM is basically a ‘public blockchain layer’ that maintains balance transfers, different blockchain operations and also looks into consensus and data access. The MOAC platform also supports other consensus models that are based on MicroChainTM.

MOAC is considered to the first blockchain solutions that install a unique MicroChainTM per smart contract. It is one step ahead of the existing scalability solutions, as per the MOAC whitepaper. In case of a smart contract, the MicroChainTM assists the MOAC platform in separating blockchain functions from business logic. The smart contracts are provided with their own unique MicroChainTM that enables them to utilize a variety of consensus protocols. The result will show a broader scope of potential business logic use cases. The developers are free to choose a consensus protocol that best supports their use case. They can also determine the number of nodes allotted to a certain smart contract. The different states of the smart contracts are stored inside the local MicroChainTM.

Being isolated, the MicroChainsTM are capable of running various virtual machines for smart contracting. Apart from expanding the horizon of business logic and dApp use cases, the MicroChainsTM allows the usage of file systems like IPFS and sensor networks for data storage. It can also be incorporated by artificial intelligence. The dApps do not need any additional programming as they are set up in a developer-selected virtual machine. If the Ethereum smart contracts are run on the MOAC platform then there would be lower fees. The developers are also allowed to leverage the platform’s API to reset the borders of the functionality of the smart contracts. This also energizes the developers. Thus, the MOAC platform supports the smart contracting by reducing the processing costs effectively. This also means that developers can create high transaction volume based dApps without the fear of paying high costs.

The MOAC platform includes blockchain sharding technology, which has the potential to solve scalability issues. “Sharding helps by using a node based approach, providing more processing power proportional to the number of nodes in the network.” (As discussed in the MOAC whitepaper)

Price Details

The price of MOAC at the time of writing, as per coinmarketcap.com, shows approximately $4.68 USD (7.52%). The market cap of MOAC (MOAC) shows nearly $167,862,883 USD while the volume (24h) is a little over $35,700 USD (as of 19th June 2018).

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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