Welcome back to MultiVAC’s Monthly Project Report. If you have any questions or suggestions, please feel free to email us at core@mtv.ac
Overview:
In the course of October 2023, the MultiVAC Foundation made significant strategic decisions, which temporarily influenced its regular activities. Although there weren’t major updates to the MultiVAC platform during this period, it was a month focused on planning and strategic evaluation.
The CEX listing that was announced at the end of last month is still being coordinated between parties.
1. Strategic Review:
During October, the MultiVAC Foundation seized the opportunity to conduct a comprehensive strategic review. This process involved assessing market trends and compiling amassed usage data.
The team engaged in discussions to identify areas for improvement and growth.
2. Strengthening Team skills:
As part of our strategic positioning, we initiated a task to reinforce our team’s knowledge and operational capabilities. This endeavor is designed to align our resources more efficiently with long-term goals.
3. CEX listing Schedule:
The implementation task of the upcoming CEX listing is taking longer than initially forecasted. The final schedule is beyond our control, and it will be released as soon as it can be made public.
4. Upcoming Plans:
4.1) Research and Innovation:
Fundamental research remains a key aspect of our project. There are still scalability challenges within the blockchain and distributed computing space that are left unresolved. We work actively on developing innovative algorithms that efficiently remove those barriers, so as to fully allow mass adoption and usage. New research findings and developments will be shared with the community as they materialize.
4.2) Ongoing Development:
With the completion of our strategic review and efforts to enhance team skills, we eagerly continue our development activities in November. The work of our engineering team will focus on ongoing projects and on exploring new opportunities to enhance the MultiVAC ecosystem.
While October was not much significant updates to the MultiVAC platform during this period, it provided an invaluable opportunity for planning and evaluation. We appreciate your patience and sustained support as we work towards realizing the full potential of the MultiVAC project. We remain committed to our mission and are excited to engage with renewed energy and determination.
ABOUT MULTIVAC:
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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