Multivac (MTV Token): High Performance Blockchain Computation?
The MTV token and Multivac ICO are being used to raise funds to be used in developing a flexible, high-throughput blockchain-based platform that will be based on trusted, and well-respected data transmission, storage, and sharding computation platforms.
What Is Multivac?
Multivac design features have been purposely built for use with decentralized web applications (dApps). One of the primary aspects of this protocol is the fact that developers will now be in a position to customize applications parameters to guarantee partition tolerance, consistency, and availability. In the long run, this is expected to provide the users with a high degree of autonomy as far as the blockchain infrastructure is concerned.
How Multivac High Performance Blockchain Computation Will Work
Multivac intends to use a novel approach when it comes to the scalability of large-scale dapp development projects. This will be done through the use of a sharding model being referred to as VRF (Verifiable Random Functions) for storage, computation, and transactions.
All transactions executed through this network will be confirmed via UTXO. This means that a probability method will be employed in selecting the miners. Multivac is currently operating on the MVM (Multivac virtual machine). It is a machine that includes BISC (Blockchain Instruction Set Computer).
The key feature in MVM is BISC as it makes it possible for developers to make a decision on the number of nodes that will be needed for each and every dApp. For better throughput, the developers will need to settle for a lower number of nodes, while for security, they will be required to go with a much higher number.
Currently, MVM is able to provide support for C compilation that is founded on LLVM. The primary goal of doing so is to be able to eventually integrate it with other programming languages such as Go and Java.
There are plans to make Multivac an open-source ecosystem. The definitive goal is to make sure that as many programming languages as possible have been integrated to assist with backward compatibility of applications currently in existence.
When it comes to information storage and retrieval, Multivac has chosen to use a combination of Merkel and Hash roots. This is in addition to using a sharded data storage network that is grounded on the traditional VRF model. Its storage nodes only come with block header information.
This means that is able to maintain full transaction output and input for users using the distributed data storage network. The platform also makes use of a PoIE (proof of instruction execution) mechanism to confirm honest computations in a manner that is similar to that of proof of replication.
Multivac Threats And Weaknesses
Although the Multivac team currently has access to a variety of channels made available by its broad network of advisors to help it establish partnerships for the development of decentralized web applications, they are yet to make any announcement on this issue.
As a blockchain-based platform that seeks to develop applications for use large-scale use, it means that enterprises will make up a large portion of its target market. Therefore, one of the key factors that will be at play will be the product creation process, which as of now is still under review.
The team is, however, planning to have a test net ready by the end of July. This will provide a crucial step towards being able to collaborate and work with large-scale enterprises.
Multivac Strengths And Opportunities
One of the major advantages being provided by Multivac lies in the customization options being handed to developers. Flexible computation implies that the decentralized web systems that are created on Multivac will be able to operate on any of the parameters chosen by their developers.
Developers will have a free hand in choosing their preferred parameters to guarantee decentralization, consistency, partition tolerance, and availability. Content creators will be in charge of selecting and setting the shard size.