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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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