Multiversum – a Safer, Faster, New Generation of Blockchain
Today we talk about an ICO that is experiencing a lot of interest from users , or Multiversum. Multiversum (MTV) , is not the usual cryptocurrency that starts from a project already done and modified by the team, but is a new and decidedly innovative project . One of the major features is certainly the proprietary implementation of the blockchain technology, which allows to obtain a distributed Relational Database containing the data. This implementation allows Multiversum to fill the main limits of the classic Blockchain of Ethereum or Bitcoin, for example, and also guarantees further functionality. Indeed, this allows you to combine the advantages of relational database technology with that of blockchain . Let's take a closer look at how it works and what this technology offers.
You can participate in the pre-ICO through the following link .
Origin and objective
The project was born in 2017 in response to the needs of Liberland - a micro-nation between Serbia and Croatia - to create a national decentralized system with which to deliver the main services and for applications in several sectors. The development team has a good number of Italians , including CEO Andrea Taini . In the team we also find Michele Orzan , entrepreneur and founder of numerous foundations related to ecology, including GreenWill . This anticipates that Multiversum will be particularly environmentally friendly, unlike many other cryptocurrencies. In fact, in addition to not being underminable, it uses new systems optimized to maximize the efficiency of the infrastructure.
Going to observe the technological aspects, Multiversum, as already mentioned, offers a " Relational Database on Blockchain ". The team defines this blockchain as the version 4.0 , heir to the first blockchain of Bitcoin , that of Ethereum, introducer of Smart Contract , and the third type of blockchain based on algorithms of Proof of Stake . The goal is to achieve maximum scalability, speed and greater commercial competitiveness , providing new possibilities and tools for data storage, use and analysis.
The project should not exploit the concept of DAG , but this concept could be taken up again in case of problems during the development of proprietary solutions.
Multiversum therefore, exploits both current technologies and proprietary technologies to guarantee these objectives, as well as offering innovative tools and a backward compatibility with ERC20 / ERC23 tokens to guarantee their use on different blockchains .
Multiversum features
Let's now look at the main features and technical features of Multiversum .
Speed and throughput
One of the essential characteristics is certainly the speed of confirmation of transactions, given that in the whitepaper is reported an average time less than 0.2 seconds . So much less then, to the tens of minutes required by other technologies. This is possible thanks to the parallelization of the transactions and the mechanism of division and re-union of the blockchain.
However, it is also important to guarantee a high number of transactions. The guaranteed throughput is really high , but above all, theoretically scalable to infinity . In fact, since the first measurements, about 1000 TPS have been recorded for each CPU core , so taking advantage of the latest server processors it is possible to get up to 64,000 TPS on each of them .
Divisible blockchain
Thanks to the possibility of creating several separate sub-chains , it is possible to optimize the use of resources during heavy workloads. Once a normal workload is restored, the sub-chain will then be reunited with the main blockchain . Another feature to maximize scalability is data sharding , which is the fragmentation of data across multiple nodes, allowing faster processing. Precisely for this reason it appears to be highly scalable and parallelizable.
Proof of Integrity and innovative wallet
For the verification and consent of the transactions a new type of protocol, defined as Proof of Integrity, will be implemented . This protocol is still in the implementation phase and includes a series of algorithms with low performance impact in order to make the system eco-friendly . The verification is performed against a SEED generated randomly combined with a hash function performed by an external component of the software, in order to increase the level of protection. For validation, therefore, this calculation must coincide with the hash of the specific transaction on each node. The procedure does not use ready-made statistical models, such as BFT ( Byzantine fault tolerance ), thus guaranteeing a higher level of invulnerability.
Multiversum will have an innovative wallet, also protected by a biometric system to access its funds. It will be possible to verify your identity with the fingerprint or with the iris scan on the devices where supported. The wallets can also be frozen in case of fraudulent use, thus guaranteeing a rollback of the transactions.
Relational blockchain and ERC23 compatibility
Multiversum's goal is to create a scalable tool that can be applied in different usage scenarios, therefore with complex data structures that are impossible to group on a classic blockchain. To decentralize such data, usually contained in centralized databases, Multiversum has created a new model of data management integrated into the blockchain , so as to allow both the advantages of blockchain and a relational database. The system therefore has all the functions of a database (relationships between different tables, transactional behavior, ACID model, etc), but also has the functions of the Blockchain, ie the immutability of data, the certification of the states and the distribution, so create a common responsibility for information.
Finally, Multiversum offers advanced APIs for the development of third-party applications. In addition to this, the system also allows compatibility with the ERC23 token interface , which in turn is backwards compatible with the ERC20 standard . This mechanism allows a certain interoperability with other cryptocurrencies and related blockchains.
the project is completely Open Source , even if the complete material will be published only in the coming months.
ICO, pre-ICO and token
The Pre-ICO phase, however, will start on the first of March and will see a MTV token price of one dollar , with a bonus ranging from 25 to 35% depending on the investment . The pre-ICO will end on March 31, unless the hard-cap is reached. The ICO phase, on the other hand, will take place from April 16th to June 10th and provides for a bonus to fall from 20 to 5% depending on the purchase period.
You can participate in the pre-ICO through the following link .
The soft-cap is 5 million dollars, while the hard cap is equal to 65 million . They will be offered for sale - including bonuses - around 99 million tokens , while the total supply will be 141 million MTV. The unsold tokens will be distributed twice a week via airdrop to who will keep all the tokens purchased on the wallet.
The remaining tokens (around 35%) will remain with the team for future developments. However, they will be bound for 12 months .
Finally, 1% of the proceeds will be donated to charity. To participate in the sale, you will need to transfer your funds to Ethereum exclusively from your wallets, such as MyEtherWallet .
Team
More info about Multiversum (MTV)
► Website: https://www.multiversum.io/
► Multiversum Italia: https://t.me/MultiversumItalia
► Multiversum Official: https://t.me/MultiversumOfficial
► Bitcointalk: https://bitcointalk.org/index.php?topic=2955830.0
► Twitter: https://twitter.com/MultiversumBC
Author: Vario hitam
My Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1624712
ETH Address : 0xB2d70D6535e16EE25c26f96530254d1f0d73812F
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