It's been more than two years, I am associated with this project. It all started with Phoenix, Enigma, Oracle testnet versions, and now on the verge of Mainnet!. We can clearly now see the horizon with a rainbow that states everything.
With the below article, I am trying to give more detailed information about the project and the latest developments.
Latest update:
MultiVAC's roadmap for 2021 has been published
https://multivac-global.medium.com/as-promised-multivac-releases-2021-roadmap-7475be027972
Everything is more! With MultiVAC.
Multivac is a name of supercomputer, which is having a vision, let there be light. And I am sure with the success and full development of this project, there will be light everywhere.
MultiVAC is the next-generation public blockchain, designed for large-scale and complex distributed applications.
What are blockchain’s main challenges today? What's the relation of this project with these challenges?
Blockchains are currently finding it difficult to realize real-world value. At the moment there exist close to no commercial DApps (i. E. decentralized apps), actually utilizing the blockchain, so the industry as a whole, while overflowing with potential, cannot yet produce practical application value. The main reason for this is that existing blockchain platforms have extremely poor scalability and cannot provide effective support for DApps that require processing high volumes of data. MultiVAC was created directly to address this problem.
If you don’t get what I just said, technically, I will explain to you in simple language, Multivac is mainly using sharding technique to resolve tps (transactions per second) problems.
These all systems work towards providing faster transactions
Bitcoin — 3 to 4 transactions per second
Ethereum — 20 transactions per second
PayPal — 193 transactions per second average
Visa — 1,667 transaction per second
Please remember, bitcoin and etherium are decentralized systems(blockchain), so we cant compare centralized and decentralized systems together for tps measure. Just to understand the current problem, I have given this example.
So, imagine if a blockchain system is trying to achieve higher transactions rates which are similar or closer to Visa or PayPal? Would not it be a revolution in whole blockchain technology?
Prominent Features of MultiVac
As already mentioned earlier, MultiVAC is the next-generation public blockchain designed for large-scale and complex distributed applications.
Now, what are the prominent features of multivac?
All-Dimensional Sharding-
MultiVAC breaks through the limitations to blockchain scalability by developing the world’s first fully sharded blockchain with sharded transmission and storage.
Here is a small presentation:
Now if you don’t know what is sharding, let me explain in a simple way. Let's take an example of excel data which is having very huge data with a very large no of columns and rows. Now, if you want to get a particular value or specific value, you have to search for all cells which consume more time, and more bandwidth.. Now let us say if you divide the data into different blocks, you have to look up only specific blocks for your data which makes finding or searching the data easy, which saves your time and your bandwidth. So these blocks are nothing but called “Sharding” in terms of blockchain.
A very interesting video you can watch for MultiVAC's all-dimensional sharding.
The next feature is:
Blockchain Trilemma Flexibility (why trilemma?- it refers to three things, decentralization, scalability and security)
MultiVAC pioneers flexible sharding, allowing DApp developers the flexibility to trade off between the impossible triangle of decentralization, scalability and security.
And third one is:-
High TPS & Infinite Expansion
MultiVAC maximizes throughput on every shard while maintaining decentralization and security, allowing decentralized blockchains to achieve industrial capacity.
MultiVac’s Technology
Lets see what technology Multivac is using to solve all these problems by using above mentioned features?
MultiVAC is designed for performance and flexibility,
pioneering a miner selection model that redefines sharding and smart contracts
Ledger Transaction Sharding
Using Trusted Probability Model
Byzantine Consensus Family (using consensus algorithms that resolve the problem of forks and fault tolerance)
Flexible Computing Model.
MultiVac ecosystem
MultiVAC Ecosystem
MultiVAC provides conditions for Flexible Computation and Trusted Programming,
leading an era of DApp outbreaks with value directly spread to all.
The eco-systems consist of different nodes, of, expansion, economy and market, engineering platform, network services, and so on.
Truly speaking, I don’t understand the ecosystems technically but seems its covering all areas for everyone for users and for developers as well.
MultiVac Global TeamTeam
Multivac ‘s team of experts includes PhDs and professionals
from Harvard, Stanford, singhua, NTU, McGill, Google, Facebook, and so on. The team’s presence is worldwide. Information about other experienced team members, you can check in on Multivac’c website.
Regarding, Investors and Partners
MultiVAC has a worldwide network of top crypto funds and partners
spanning South Korea, the US, Russia, Europe, South-East Asia, India, and more.(they are around 36).
This is really great.
MultiVAC Roadmap
As per the roadmap, MultiVAC has already launched and successfully run their 3 testnet versions Testnet 1.0 Phoenix, Testnet 2.0 Enigma and, Testnet 3.0 Oracle.
Now MultiVAC is on the verge of releasing mainnet. At the moment project's focus is on the new partnerships and dfed development which will reside on MultiVAC's mainnet.
A brad new roadmap for 2021 is coming!
https://medium.com/@multivac-global/as-promised-multivac-releases-2021-roadmap-7475be027972
Please stay updated with MultiVAC's medium channel to get you latest updates.
https://multivac-global.medium.com
MultiVAC's native token $MTV is currently trading on Kucoin. You can take part in upcoming staking events to earn more MTVs.
Join Kucoin now !
You can also watch the review about MultiVac on YouTube
