cryptocurrency and blockchain technology largely represent a shift that is significantly changing and disrupting varrious sectors especially the financial service industry. The change is disrupting the financial sector exactly thesame way Amazon confidentially reduced the dominance of hyper-retail chains like Walmart, cryptocurrencies and blockchain is also redefining how the payment industry operates and execute trades. The world populace is slowly moving towards a massive and major adoption of cryptocurrencies. The hype to adopt cryptocurrency has resulted in overwhelming growth of cryptocurrency throughout all of 2017. The
underlying technology, Blockchain, is the force behind cryptocurrency and is also as exciting as cryptocurrency itself.
Thogether, they form a secure decentralised network that enables transfer of money, documents,
information, or better yet – anything that can be digitised.
Blockchain has a number of advantages and benefits: it is well-secure, immutable, cost-effective and universally accessible anytime and anywhere. People are starting to wake up to the practical uses of blockchain and its potential to revolutionize various aspects of life that involves technology.
Despite the huge usecase of blockchain, just like any other technology blockchain and cryptocurrency has its own challenges.
Cryptocurrency is largely unregulated in most use, anyone can just develop a platform and launch a token and that introduces interesting challenges for both investors, businesses and consumers. Even till date we still can’t spend cryptocurrency easily due to fiat conversion barrier and price fluctuations this hampers its potential as a widely adopted currency for mass market use.
This has put a dent on the mainstream goal of crypto currency as it suffers criticism government regulations, that base their argument in the fact that cryptocurrency is used as a means for illicit transaction, and some people that do not lack the idea of cryptocurrency being operated under a decentralized protocol, wishes to launch a centralized attack on cryptocurrency as a whole.
In order for crypto-currencies to become more than merely a theoretical and speculative asset, it needs to be adopted and used by more users and merchants, in essence the above challenges have to be tackled and solved amicably.
This is what multiven is planning to acheive and see that blockchain and cryptocurrency gets the much adoption it needs.
ABOUT MULTIVEN
Multiven is building the first world blockchain based decentralized marketplace called the multiven open marketplace (MOM) where IT product and networking toolset can be traded with ease without the influence or interference of a third party and all will be on a peer-peer basis and all transaction will be powered by smart contracts. In doing this multiven will eliminate costly third party interference and users can purchase IT products and telecommunications equipment at a subsidised price.
In influencing and disrupting the IT product and networking equipment which worth about $3 trillion, multiven will not only be causing a significant influence in the IT world but will also open blockchain and cryptocurrency to massive adoption and usage.
Multiven has identified that one of the serious threat that cryptocurrency might encounter is a coordinated centralized cyber attack, malicious BGP attack which if it occurs will pose a serious threat to the existence of cryptocurrency, in order to prevent the occurrence of this, multiven will use proceeds from the MOM transaction fees to protect and cyber defend cryptocurrency.
Multiven will also seek to decentralized the nodes of bitcoin into space via delay networking architecture and inter-planetary internet protocol at the same time will design, launch and maintain a active bitcoin full Nodes-in-orbit
TOKEN DETAILS
the multicoin will be the official token for the MOM with which both buyers and sellers can transact on the MOM.
Multicoin will be used to support the MOM NiOS operation which is aimed to preserve the future of cryptocurrency.
5% of the Multicoin tokens will be distributed during the Public Pre-Sale period which will run from july 1st to October 9th with 3 rounds to reward early adopters and supporters of the project.
Afyer that 1 billion of multicoin will be sold via reverse auction 3 months after the multiven platforms kicks up.
TEAM INFORMATION
CONCLUSION
Several threats from various opposition to eliminate cryptocurency. As crypto community we need to see the the future of cryptocurrency is preserved and secured from cyber attack. Nice to see that multiven had taken this big step to ensure that all these sont happen to bitcoin and crypto currency.
For more information visit:
Website: https://www.multiven.io
Whitepaper: https://www.multiven.io/wp-content/uploads/2018/06/MultivenWhitepaperv1.4-July2018.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3075298.1860
Medium: https://medium.com/multivengroup
Twitter: https://twitter.com/multivengroup
Telegram: https://t.me/MultivenOfficialGroup
Writer: samelvis
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2076423