MOAC Micro-chain - Built for DAPPs
Ever since the evolution of blockchain technology in 2008, we have seen countless, wonderful and unimaginable projects that are either being deployed under the blockchain or use the concept of blockchain to create, manage and maintain the ideas that they came with. Most of these projects try to integrate or combine the blockchain technology with other new technology like artificial intelligence (AI) and the Internet of things (IoT) to solve real-life problems in which some become successful and others become failures.
In other light, others try to create their own independent blockchain platforms with specific features and functionalities. One such platform is the ethereum blockchain which was an open source, public, blockchain based distributed computing platform and operating system with a smart contract feature.
Ethereum is a very popular blockchain that has numerous number of smart contract running on it. But recently due to the high number of smart contracts and an increased number of transaction per second that arise from a single game built under the ethereum blockchain (crypto kitties), there is usually a cluster of the network which leads to a slow transaction which sometimes takes days to execute and a very high transaction fee.
Ethereum blockchain is not designed to support decentralized application (DAPP) due to its difficult learning curve, the high cost of maintenance, and inefficiency of more users using the DAPP.
Ethereum token distribution is through mining but due to the high cost of mining machines and electricity, this has become relatively difficult except to individuals or institutions with the capacity to obtain the mining rigs.
Ethereum also has a limited number of supported transaction per second (TPS). Due to the situation of the smart contracts being handled by all the nodes at the same time.
With these rising issues and more issues that may arise in the future, MOAC blockchain has a solution to these problems and can also provide effective cross chain functionality.
On the Mother of all Chain (MOAC) blockchain, smart contracts and balance transfer are handled separately and a technology called sharding is used to improve the system TPS by 100x.
On the MOAC blockchain, each deployed smart contract is actually a Micro-chain, it has the ability to choose its own verification node and consensus method, it also has its own blockchain to save state.
The DAPP creator maintains the operation of the DAPP by paying for every block in the Micro-chain and also continuously paying for its verification node.
The users of the smart contracts do not need to pay for any gas when initiating a call the DAPP enabling the users to use a direct call approach.
Due to this, MOAC will provide a more fast, efficient, convenient, and secure platform to hold other Micro-chain or DAPP on the blockchain. The Micro-chain technology has powerful functional modules that are capable of building very complex DAPP applications. MOAC allows DAPP built on its Micro-chain to use any self-defined block production speed with no processing fee for calling the Micro-chain.
MOAC Micro-chain beta testing was opened on the 30th of June 2018 and will have the capacity to support more than 10,000 DAPP when it is fully functional.
It is worthy to note that an ethereum DAPP called Hourschain has decided to switch over to the MOAC Micro-chain because ethereum network cannot solve its need for high concurrency, security, and privacy but the MOAC Micro-chain has the capacity to solve these problems. Hourschain is a personal health data platform with over 10,000 users.
Due to the light of the world sporting event currently going on, MOAC has decided to launch a World Cup betting completion that could see the winner getting 2000 MOAC token. You can find more details by following this link https://medium.com/moac/moac-world-cup-betting-competition-is-on-756992d91207
In conclusion, MOAC is taking advantage of the faults of other blockchain network and providing a blockchain system where user's don’t have to worry about a clogged network, high cost of maintenance and high transaction fee. MOAC is also the first to implement a unique Micro-chain per smart contract.
So here is the question, if you were asked to choose between MOAC Micro-chain and the ethereum blockchain. What will be your choice?
Website: https://moac.io/
GitHub: https://github.com/MOACChain/moac-core
Twitter: https://twitter.com/moac_io
Reddit: https://www.reddit.com/r/MOAC/
Medium: https://medium.com/moac
Steemit: https://steemit.com/@moac-official
Telegram(International): https://t.me/moacblockchain
Telegram(Developers): https://t.co/8m3m9RD5ix
Telegram(China): https://t.co/73rU9sHWLH
YouTube: https://www.youtube.com/channel/UCBU405W7vfOPBicLwW9-QOA
Facebook: https://www.facebook.com/moacchain/
good info.
Awesome to see that a DAPP is swapping over from the ETH network because it can't handle it's load!
Great to see a project try and tackle the huge scalability issue we are currently having with mass adoption
They seem to be attacking it on a few different fronts but i guess only time will tell how well it really handles the huge scale a undertaking like this needs
It's great to start the development of the DAPP on the ETH platform, its a great launch pad for projects.
I'm excited to see the effects of the microchains and sharding process in a stress test
that's a very important reason why they need to swap because right now ETH is congested
Yup, ethereum is congested and maybe loosing out on it's relevance, however it's a great relieve to see MOAC coming out to set things right
Agree, ETH is congestd and transactions processing and confirmation taking huge time
I'm happy a solution is already on ground all thanks to moac.
Moac is a really good project. it will be really fast, and we'll see if Ethereum can keep up
I doubt it
the only thing i like about MOAC is that its very fast and scales very well, i will really consider investing
MOAC tokens will also be mineable, so mining is a viable alternative if you want to earn the tokens.
Thanks for letting know us. It is nice to hear that we can mine MOAC tokens on our devices like mobile phones.
What, they've said that you can mine it on your mobiles? I can't see it getting you very many tokens for that
I am very interested in mining Moac. I just need some time to deal with the topic
But then we start :-)
Never knew that they have a mining process too, thanks for the heads up, they seem to be the total package
Wow. That's the only thing? Seriously mate?
I am also thinking about investing, it could be next ETH network if everything goes as planned. BTW you can win some free tokens, just visit their official channel for more info.
I think MOAC have capabilities to overcome all limitation of ETH.
One thing I am concerned about is what if ethereum solves those issues? I know it will be sometime and a whole hard fork decision. Maybe ethereum will just partner up with these guys.
Well, there will always be competition in the industry, this will create some sort of innovative spirit in the industry and you never can tell, they may just partner up
Competition is good, it always will be but its also good that people see where they have common interests and take advantage of that, theirs a lot of room for working together even among competitors
Yep, as you noticed, the main problem for every existing blockchain is that they can not apply big changes without a hard fork. This is not always approved by community and can even lead to the creation of new project with its own token like Etherium Classic for example. For MOAC it's an advantage - they are in development stage.
Ya; the only other thing that keeps circulating my mind is that the community backing the project. You need a strong community to be able to take over competition. However I think the solution they have here could boost that.
Yes, Ethirium has very strong community and charismatic leader in the person of Vitalik. Personally I would like them to take into account the experience of such teams as MOAC to be able to solve these problems. This must not be a war, they really can partner or something.
In business, keep an eye on competitors but you can't worry about them. Do what you do and do it better than anyone else. The rest will take care of it self
I think moac will settle a lot of ethereum flaws and even blockchain flaws in totality
It's a huge improvement on what we have seen or known blockchain to be so far. They are providing solutions to most short comings
Yep it's defintily a great step forward, ethereum keeps talking about fixing these issues but their talking about out in 2020 and 2022, meanwhile MOAC is moving ahead at full speed much sooner