MultiVAC Monthly Report for April 2021
Welcome to MultiVAC’s Monthly Project Report. If you have any questions or suggestions, please feel free to mail to email@example.com.
Mainnet release steps are determined, and the exact date is near
There will be 4 stages in Mainnet, from the initial to the infinity.
- The trial operation goes by the staking mechanism and PBC (Polar Byzantine Consensus), it’s supposed to achieve hundreds of node-level Byzantine consensus and can verify the stability of the network under complex voting conditions.
- The system will support EVM and allow the mature developers, components, and users in Ethereum to smoothly migrate to the MultiVAC ecosystem.
- In order to ensure the safety of the system and prevent unexpected accidents, ordinary users cannot send transactions or create contracts at this stage. Only whitelisted users can perform transfers and contract operations.
- We will conduct attack tests, stress tests, and other security checks on the network to verify that the Mainnet is still safe and reliable in actual operation.
- After verifying the safety and reliability of the Mainnet, MultiVAC will officially open to the community. Based on HSM (Hyperspatial Storage Mechanism), MultiVAC miners can hand over core data to storage nodes, and perform voting accusations with only a small amount of critical data.
- The system runs in the form of a single shard, with a maximum efficiency of about 500 TPS. This performance should be sufficient for most application scenarios in this initial stage. We will first verify the function of transactions and contract processing and the cross-sharding function will be disabled at this stage.
- Users can experience the main functions of MultiVAC, including sending transactions, creating contracts, interacting with contracts, etc. The transaction fee on MultiVAC will be less than 1 cent, which is conducive to the migration of a large number of decentralized applications to MultiVAC.
- The network will open the sharding function. Based on ITM (Interstellar Transmission Model), MultiVAC will achieve efficient data transmission across shards.
- The system will support up to 8 shards and the maximum efficiency reaches 4000 TPS. Cross-shard transactions can be confirmed within 2 blocks. Since the data to be stored and transmitted by each node is always proportional to the number of transactions in this shard, although the overall transaction volume of the network is very large, the system load of a single miner node is not too high.
- Users can achieve efficient cross-shard transactions, and contract developers can choose whether to upgrade the contract status by shards according to their own needs. MultiVAC will launch the contract improvement mechanism and guiding instructions at this stage.
- The network will gradually expand to 64 shards through the Shard Split mechanism, with a maximum efficiency of 32000 TPS, to cope with the rapid growth of blockchain application scenarios.
- MultiVAC sandbox: At this stage, MultiVAC will introduce a sandbox mechanism to support more virtual machines. The underlying storage and transmission system of MultiVAC will serve as the infrastructure to provide good support for the complex upper-level application development environment. At this point, MultiVAC will implement a three-level architecture: 1. Low-level storage and transmission; 2. Middle-level virtual machine and operating environment; 3. Upper-level decentralized applications.
- In the future, the scale of the network can grow up and adjust by itself to match the requirements. The whole system will run adaptively and persistently.
MultiVAC is on BSC now, the super high APY liquidity mining is ongoing
MTV token launched a BEP-20 version and it is open to everyone. We also prepared an automatic bridge to swap ERC-20 to BEP-20, you can use it by yourself.
After the migration to BSC, MultiVAC is listed on BurgerSwap and DODO DEX with a more than 100% APY liquidity mining program.
Continuous ecosystem achievements including partners, open-source, and staking
The influence of MultiVAC is bigger and bigger, the future of the ecosystem can be expected. A new partner names EJSolution will use flexible and effective blockchain technology to add value to its business. Details: https://twitter.com/MultiVAC_Global/status/1381617385749114883
Talk is cheap, so we choose to show you the code, a new repository is open-sourced now. Details: https://twitter.com/MultiVAC_Global/status/1382277787713560581
Given that everyone’s enthusiasm for Staking is very high, we have successively opened two staking events and doubled the hard caps respectively, but they were still filled in less than two days, and the events were beyond imagination. Details:
In particular, after we supported BSC, we launched a VS-Staking game for MTV and Doge. It’s quite an interesting game. Details: https://multivac-global.medium.com/the-new-game-starts-vs-staking-d5c3392fb741
Fight for the community! AMA x 2, buyback and burn x 2, bounty x n
The founder of MultiVAC, Dr.Shawn did AMA with around 250k people in total and received hundreds of questions, the scene is very popular, and all participants are looking forward to the next progress of MultiVAC.
For the summary of AMA please check: https://www.kucoin.com/blog/en_US/kucoin-ama-with-multivac
As the total followers increased to the target, we bought back and burned twice, we are proud of this achievement by all the community members. Details:
At the same time, the MultiVAC Anniversary Celebration series events attracted thousands of people to participate and finally distributed a large number of bounty rewards.
BTW, the movement of MultiVAC is also reported by mainstream media such as Fortune week. Details: http://fortuneweek.com/news/multivac-released-roadmap-for-2021-to-launch-mainnet-and-build-defi-ecosystem/0293671/
MultiVAC is a high-throughput flexible blockchain platform based on all-dimensional sharding. It’s a next-generation public blockchain platform built for integration with large-scale decentralized applications.
MultiVAC is developing the first solution in the world characterized by speediness, efficiency, and all-dimensional sharding to expand its capacity in computation, transmission, and storage. It realizes the maximum throughput while maintaining decentralization and without sacrificing security.
Listed Exchange: Kucoin.com, Gate.io, MXC.com
Swap on DEX: Binance DEX, DODO DEX, BurgerSwap