MultiVAC’s July 2022 Monthly Project Report
Welcome back to MultiVAC’s Monthly Project Report. If you have any questions or suggestions, please feel free to email us at firstname.lastname@example.org
Not all heroes wear capes. A lot can be accomplished under the radar. Upgrade on our mainnet is a lengthy process, and our core team is working hard to perfect the MultiVAC blockchain. The mission is still ongoing, and some elements were visible to our users — the WebSockets and Remote Procedural Call (RPC) server were upgraded to ensure the continuous operation of the mainnet.
2. New DEX listing is on its way!
MTV Will soon be listed on a cross-chain DEX, the next generation of decentralized exchanges which allow for interoperability between blockchains. Our community will be delighted to be able exchange their MTV tokens in a convenient way. More details will be released soon!
3. New community ran NFT platform
As Nefti.art seems to be winding down, Epic.gallery is emerging as a valuable alternative for our NFT-focused community. Welcome to the MultiVAC ecosystem!
Our prodigious community member 0x13e — creator of our explorer MTVscout.com — has been spotted providing outstanding support to NFT owners willing to delist from Nefti.art.
4.GameFi based on MultiVAC goes live
The super throughput of MultiVAC creates conditions for GameFi. Recently, Proxima of the MultiVAC community released a demo of the game based on MultiVAC, which is a free-to-play side-scrolling sci-fi shooter game. This is the beginning of GameFi based on MultiVAC, and the future can be expected.
5. Technical Support and Questions
As always, the MultiVAC core team is being responsive with technical support and questions.
Dr. Shawn recently engaged with our amazing community to address an archive node query. The requested node will be available to the public within the next few days.
Also, a few technical questions were asked. The question the core team considers of the highest significance in the context of ETH upgrade was:
Q: “What is Dr. Shawn’s opinion on ETH 2.0 and what does MTV differently?”
A: “Since the birth of MultiVAC in 2018, ETH2.0 has always been a benchmarking object for us. In terms of function, MultiVAC is more similar to ETH2.0 and supports Sharding, so it can provide a higher-performance blockchain platform. However, in the underlying technical architecture, there is a big difference between MultiVAC and ETH2.0. ETH2.0 uses the Beacon chain architecture. The contradiction it cannot solve is that when the power of the Beacon chain is too large, the business volume processed is too large, resulting in bottlenecks in performance, while the power of the Beacon chain is too small, the security of the underlying shards is difficult to guarantee.
In architecture, MultiVAC does not have a beacon chain system and is a highly distributed and fully parallelized sharding architecture, which means that the expansion of the MultiVAC system is easier.
There is a big problem with sharding expansion, that is, we must ensure that the amount of data to be processed by each shard is only related to the business volume of this shard, and is not related to the total data volume of the entire network.
In essence, Ethereum is a hierarchical pyramid structure, with an upper-level beacon chain managing multiple shards. MultiVAC is a parallel structure. We are the only one that implements data storage, transmission, and calculation across shards, ensuring that the amount of data processed by each shard is proportional to the business volume of the shard.
We have also made a lot of innovations and improvements to the underlying architecture.
We believe that what replaces Ethereum is not a better Ethereum, but a more advanced design like MultiVAC. We are designing a better development paradigm and redefining the underlying system of the blockchain.”
You can analyze deeper the question to learn more about our thoughts and to understand the relevance of MultiVAC within the base-layer (L1) market.
Should you have other technical questions or suggestions, don’t hesitate to drop a message to email@example.com or raise the query on our Telegram or Discord community groups.
Alternatively, send your technical question through Telegram DM to @Cathy_MultiVAC , she will ensure your question is answered in a timely manner.
Thank you, dear community members, for your active and long-term involvement with the MultiVAC project!
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.
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