Connect with us

Blogs

Is MOAC Truly the Mother of All Chains?

Published

on

MOAC
READ LATER - DOWNLOAD THIS POST AS PDF

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).

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Elite