MOAC (MOAC) – cryptocurrency review
MOAC (MOAC) is the next generation blockchain platform designed to solve the three main problems associated with contracting: scalability (performance), decentralization and security.
MOAC addresses these three important issues currently affecting Bitcoin and Ethereum, while minimizing the barriers to entry for developers, users, and cross-industry companies seeking to implement Blockchain Smart Contracting.
Features of MOAC
Thanks to the rapidly growing community of 100,000 people on the Internet, the MOAC team released its platform on May 1, 2018. The MOAC platform boasts 100 times the performance for Smart Contracting with Ethereum speed and low cost. The MOAC team has achieved this by creating a state-of-the-art multi-tier Multi-Blockchain architecture that combines proprietary MicroChain Smart contracts and edging technology.
“Different dApps require different use cases, and there is currently no one-size-fits-all solution,” said Ryan Wang, MOAC Business Development Manager, in an interview with the author. “We believe that it is most reasonable that a separate blockchain exists for each of these dApps. Thanks to the MOAC architecture, each MicroChain can be configured according to the needs of each dApp: consensus protocols, number of nodes, block size, block generation frequency, etc. ”
MOAC engineers found that smart contract transactions were slowed down by non-critical tasks and required advanced logic for more efficient processing. Due to the fact that MicroChain increases the overall transaction per second by 100 times more than other platforms, an improved architecture can increase the level of smart contracts to 10,000 TPS.
MOAC seeks to expand decentralization beyond what current infrastructure networks such as Ethereum and EOS can offer.
“On a block system like Ethereum, there is no difference between a balance transfer transaction and a smart contract transaction,” Wang explained. “All transactions are processed globally, which greatly limits TPS and system-level performance.”
“Balance transfer operations are important transactions that do not require large processing power; However, most smart transaction transactions require high processing power, ”Wang said. “That’s why we introduced a multi-tier architecture – with MOAC, all balance transfer transactions are processed at the bottom of the PoW [Proof of Work] (MotherChain) level, and most smart transaction transactions are processed at the top level (MicroChains). ‘
MOAC also allows network members to exit cheaper devices, such as mobile phones, which stimulate network scalability.
- New architecture for applications
- Ease of adoption, low cost
- 100x TPS improvement over Ethereum
- Smart contract as micro-circuit (SAAM)
- Cross Chain Features
- Two levels of mining encourage mass participants