MOAC – The mother of All (block) chain, sounds interesting? But what is MOAC and what’s the use of MOAC?
In current blockchain system, there’s no difference between a balance transfer transaction and a smart contract transaction. All the transactions are handled at the global level, and that’s limiting the transactions-per-second (TPS) and the system-level performance. Many time transactions take huge amount of time during peak period like Xmas. And worst part is many times it increases transaction cost as well. Also, existing blockchain have fixed consensus models, and that’s why it’s not able to quickly adapt to the ever-growing needs of developers. Different dApps require different use cases, and the current ‘one size fits all’ blockchain solution does not exist
MOAC is a Silicon Valley based company, which aim to design a scalable and resilient Blockchain that supports transactions, data access, control flow in a layered structure. MOAC with a pioneering Multi-Blockchain architecture, not only addresses the performance and cost issues with existing blockchain systems, but also introduces new features that minimize the barrier to entry for developers, users, businesses, and the entirety of the blockchain ecosystem. The MOAC platform achieves this by using a layered Multi-Blockchain architecture, blockchain sharding, MicroChain, Smart Contracts, and Cross-Chain capabilities.
You may have question like what does this MOAC’s multi-chain architecture will do? Well, The MOAC platform’s advanced layered Multi-blockchain architecture is expected to increase overall transaction processing speeds up to 100x faster (TPS) than existing blockchain platforms. And not only transaction speed but MOAC’s MicroChains will also be able to reduce the cost of smart contract operations and to allow developers to rapidly test different application and service ideas. MOAC’s MicroChain can interconnect with all other non-MOAC blockchains using Cross-Chain capabilities. This allows both users and their decentralized applications (DApps) to migrate easily to the MOAC Platform, with no prior blockchain knowledge. MOAC also provides a decentralized file storage solution which is currently missing from other major blockchains. MOAC also allows developers to differentiate transaction types to improve network efficiency.
One of the important feature of MOAC is, mining using smart phones. Currently, mining in the blockchain community is centralized and doesn’t properly incentivize new users and interested consumers due to complexity and the cost of required hardware. But don’t worry, now MOAC also allows network participants to mine from lower-power devices like mobile phones as well. I think most of the people will love this idea. I personally don’t want to spend lot of money on hardware for mining tokens, and that’s why I liked this mobile phone-based mining. And I am sure most of the people will love this concept. I think by reducing the barrier to entry for both mobile users and server farms, the MOAC Platform offers a truly scalable ecosystem for developers and their Smart Contracts, enabling developers to create innovative DApps with lower operating costs, enhanced capabilities, and improved performance without a reduction in security.
In my opinion, MOAC will be able to address issues of today’s blockchain problem and will be able to provide platform which will be faster, and reliable. And it’s not only me but many people believe this and that why even without a major media effort, the MOAC manage to get lot of flowers, and community has grown to nearly 100,000 members via WeChat, QQ, and other Chinese social media networks.
The MOAC network went live on the mainnet April 30, and they expect to see 100 plus dApps online by December 2019. The Mother Of All Chains (MOAC) Is the Infrastructure Blockchain and I believe it has potential to outperform even Ethereum. I know it may sound crazy at this movement, but many people were not believing in Ethereum also before it went live in 2015.
For more information about MOAC visit the official website - https://moac.io/
Or visit their social media platform and stay updated –
https://twitter.com/moac_io
https://t.me/moacblockchain
https://medium.com/@moac_io
https://github.com/MOACChain/moac-core
https://www.reddit.com/r/MOAC/
https://www.facebook.com/moacchain/
https://www.linkedin.com/company/moac-chain/