MVL Chain Fast growing vehicle data collecting ecosystem on the blockchain.

brainpow (0)(1)in #blockchain • 6 years ago

what is Blockchain:
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data.By design, a blockchain is inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
Blockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management,[ transaction processing, documenting provenance, food traceability[ or voting.
Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.

What is ICO ‘’ Initial coin offering’’ :
An initial coin offering (ICO) (derived form initial public offering) is a means of crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies. In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of “tokens”, in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens supposedly become functional units of currency if or when the ICO’s funding goal is met and the project launches.
ICOs provide a means by which startups avoid costs of regulatory compliance and intermediaries, such as venture capitalists, bank and stock exchanges, while increasing risk for investors. ICOs may fall outside existing regulations depending on the nature of the project, or are banned altogether in some jurisdictions, such as China and South Korea.

MVL connects services that touch your car and collects your ride's lifetime data. they give points to those who help out along the way like your sales guy. you For driving and giving service reviews, repairmen, used car dealers and scrappers, the ultimate goal of MVL Team is that they want everyone to build trust when they interact in MVL ecosystem. this will be backed up by tranparent data thanks to the blockchain technology also the reward system will motivate good price, service and safe driving, points can be exchanged to coins which you can use as cash to trade in the MVL ecosystem

Mass Vehicle Ledger Ecosystem (MVL Ecosystem, is a new blockchain-based ecosystem for all vehicle related services. Participants from automobile-related companies, services or trade industry will be connected and they will insert core data related to driving, traffic accidents, repairs and other car-related transactions into the blockchain.

TOKEN SALE: 3 MAY – 31 MAY
Ticker: MVL
Token type: ERC20 ICO
Token Price: 1 MVL = 0.0028 USD (0.0000041667 ETH)
Fundraising Goal: 24,800,000 USD (8,700,000,000 TOKEN)
Total Tokens: 30,000,000,000
Available for Token Sale: 29%

Team
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