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.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Ethereum (ETH) Price Analysis (February 27)

    • Ethereum greatly follows the downward trend pattern as price is now falling towards the support level. • Bearish scenario is playing out in the...

    Compound Protocol Moves Towards Decentralization With COMP Governance Token Launch

    Compound users will now wield the power to propose and vote for changes to be implemented on the platform. This aligns with their...

    Stellar (XLM) Price Analysis (February 26)

    Key Highlights XLM/USD price worth has been relatively declining in sequential order. The XLM/USD pair has hit a low value of $0.06000. Caution needs...

    21Shares' Short Bitcoin ETP (SBTC) Listed on German Stock Exchange, Boerse Stuttgart

    On February 25, Boerse Stuttgart, the second-largest stock exchange in Germany, announced it had begun listing exchange-traded products (ETP) that are inversed with the...

    Bitcoin (BTC) Price Analysis (February 26)

    Key Highlights BTC/USD market has fallen under selling pressure after a line of range movements. One of the vital bearish restraining points at $9,000...

    Malta Financial Services Authority Addresses The Challenges With Security Token Offerings

    On Tuesday, Malta's Financial Services Authority (MFSA) published a document providing answers to questions relating to security token offerings (STOs) in the country. The watchdog...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.