If you are blockchain enthusiasts like me I believe you have come across MOAC, A platform that uses an advanced layered architecture which lowers decentralized app development costs, provides scalability, and reduces development complexity and also guarantees high transaction speeds and volume using sharding. MOAC leverages Multi-Blockchain within its platform, including MotherChain (a Proof of Work-based blockchain) and Microchains for Smart Contracts supporting multiple consensus models. The MOAC Platform also has Cross-Chain capabilities to interconnect Microchains within the system.
Today I will be discussing MOAC Microchains which was launched recently but before I delve into what it is and what benefit we are going to get by using it I will take a detour to present the Nuwa platform. The Nuwa is the name of the MOAC platform that consist of MotherChain, an event handling system, Smart Contracts as MicroChains, blockchain sharding, Cross-Chain capabilities, security, and an API which seeks to provide high transaction speeds and volume as well as lower decentralized app development costs, provides scalability, and reduces development complexity.
So now back to MOAC MicroChains. MicroChains refers to an independent blockchain that is inexpensive, decentralized, and highly-efficient and is deployed by the main chain. The platform uses MicroChains to delegate processing tasks and provide other blockchain functionality that is separate from business logic for each smart contract.
Microchains operations depend on the groundwork provided by the main chain. MOAC microchains are protected by the main chain while accessing the main chain’s data. Unlike side chains and main chains, MOAC microchains are one with the main chain, this means that an attack on a single microchain is useless. And the MOAC main chain uses over 10,000 nodes and the time-proven consensus method, guaranteeing security. Microchain technology not only solves the security issues of side chains but also provides powerful functionality.
So what are the benefit of using microchains in Nuwa platform, well microchains achieve blockchain scalability and provide a feasible solution for sharding. What this statement means is that it’s extremely difficult for one-dimensional blockchains to achieve sharding but through microchain technology, this is elegantly accomplished. Nuwa platform deploys smart contracts as their own microchain, only storing status on the microchain. The application’s contract data doesn’t need to be uploaded to the main chain, greatly reducing storage pressure on the chain and achieving high-parallel processing through microchains.
Secondly, it brings a huge amount of flexibility, providing token-based and token-free chains for governments and corporations which use blockchain technology, allowing them to choose which type suits them best. And also MOAC microchains provide an incentive mechanism. Nodes are chosen randomly from MOAC’s public mining pool. Corporations do not only need to pay exorbitant deploying and maintenance fees, they also receive guaranteed security. MOAC also provides a solution for the incompatibility between token-free blockchains and decentralization. Projects only need to provide a minimal maintenance fee to easily let users, products, organizations, and others access the chain.
I believe this article has given you a gentle introduction to what MOAC Microchain is and what benefit it provides. You can read more about MOAC Microchains here
You can find MOAC at
Website: https://moac.io/
GitHub: https://github.com/MOACChain/moac-core
Twitter: https://twitter.com/moac_io
Reddit: https://www.reddit.com/r/MOAC/
Medium: https://medium.com/moac
Steemit: https://steemit.com/@moac-official
Telegram (International): https://t.me/moacblockchain
Telegram (Developers): https://t.co/8m3m9RD5ix
Telegram (China): https://t.co/73rU9sHWLH
YouTube (Event Channel): https://www.youtube.com/channel/UCBU405W7vfOPBicLwW9-QOA
YouTube (Technical Channel): https://www.youtube.com/channel/UC_U54wsGNrm_Yivj5bH9i7Q?view_as=subscriber
Facebook: https://www.facebook.com/moacchain/