PALO ALTO, Calif.--(BUSINESS WIRE)--MOAC Blockchain Tech, Inc. (MOAC) organized a Press Conference today for the Launch of the MOAC Main Net at Stanford University’s Faculty Club, thus announcing the release of its next-generation blockchain platform designed to solve the top three enterprise smart contracting challenges: Scalability (Performance), Decentralization, and Security. MOAC addresses these three important challenges, which currently plague Bitcoin and Ethereum, while minimizing the barrier to entry for developers, users, and cross-industry businesses who are eager to implement Blockchain Smart Contracting.
In June 2017, MOAC closed an ICO at 24,995 ETH, or just shy of $7M at the time. With a current price of $11.24 per MOAC token, and a supply of 56,483,386, the current market cap is $634,799,830.72, which casts it as a top 40-50 coin compared to current market caps of global cryptocurrencies. MOAC is currently listed on CoinBene, WinMax, rfinex, Ucoin.pw and HB.top. Even without a major media effort, the MOAC community has grown to nearly 100,000+ members via WeChat, QQ, and other global social media networks.
With over a rapidly growing 100,000+ member community online, the highly influential MOAC team has released their disruptive platform on May 1, 2018. The MOAC Platform boasts high performance and high volume processing for Smart Contracting at 100x the speed of Ethereum and a fraction of the cost. The MOAC team achieved this by creating a state-of-the-art layered Multi-Blockchain architecture that combines proprietary MicroChain Smart Contracts and sharding technology.
MicroChains, Smart Contract as MicroChain (SAAM), and Cross-Chains
This borderless approach is further served by “MicroChains,” MOAC’s unique implementation of sharding.
“Different dApps require different use cases, and currently a ‘one size fits all’ blockchain solution does not exist,” said MOAC Chief Business Development Officer Ryan Wang in an interview with the author. “We believe it makes the most sense that, for each of these dApps, there’s a standalone blockchain serving it. With the MOAC architecture, each MicroChain is highly configurable according to the need of each dApp: consensus protocols, number of nodes, block size, block generation frequency, etc.”
The MOAC team includes blockchain pioneers who spent over five years analyzing transactional processes that limit blockchain scalability: a key problem in user adoption. MOAC’s engineers found that Smart Contracting transactions were being slowed by non-critical tasks and required advanced logic to distribute processing more efficiently. With MicroChain boosting overall transactions-per-second 100x more than other platforms, the advanced architecture could enhance smart contract call rates up to 10,000 TPS.
MOAC has published a product roadmap that promises significant advances in the next 24 months, including the availability of mobile phone mining. The team will be expanding developer resources online including a lab for experimentation and documentation. Currently, MOAC’s Executive Leadership is exploring partnerships with other blockchain and FinTech companies with the goal of increasing blockchain user adoption to positively impact the globalized economy.
MOAC seeks to push decentralization beyond the scope of what current infrastructure networks like Ethereum and EOS can offer.
“In a blockchain system like Ethereum, there’s no difference between a balance transfer transaction and a smart contract transaction,” Wang explained. “All the transactions are handled at the global level, thus greatly limiting the TPS and the system-level performance.”
“Balance transfer transactions are important transactions that do not require heavy computation power; however, most smart contract transactions require heavy computation power,” Wang said. “That’s why we introduced a multi-layered architecture – with MOAC, all balance transfer transactions are handled at the bottom PoW [Proof of Work] layer (the MotherChain), and most smart contract transactions are handled at the top layer (MicroChains).”
MOAC also allows network participants to mine from lower-power devices like mobile phones, incentivizing growth for network scalability.
For more information on this topic or to schedule an interview with the MOAC executive team, please go to the moac.io website.