Blockchain technology has been growing and evolving. Since 2009, blockchain has been changing our society in a ways we never expected. Just like how DOS started the whole windows operating system which have change the way most people and organization use and engage with computers. All new technological concepts go through a process of refinement over time, blockchain has been experiencing transformation since its creation.
During it early days blockchain was only supporting Bitcoin, back then blockchain's major impact was in the form of the following:
- Decentralization of currency and financial transactions
- Elimination of the need for middlemen to verify transactions
- storage of data and information in a distributed and decentralized database
- and lots more.
Bitcoin blockchain was fulfilling it purpose but a lot of expert believed there is more to blockchain than what bitcoin was offering. they believed with proper coding blockchain can act as a platform with applications built on top of it core. Then came Ethereum
Ethereum, the brain child of Vitalik Buterin, a Russian-Canadian programmer who wanted blockchain technology to be more than just a form of decentralized currency. Ethereum was an evolutionary step in blockchain technology, it allowed for blockchain to become a platform through the concept of a virtual distributed machine. As a virtual machine Ethereum can run decentralized applications.
The birth of Ethereum gave rise to numerous decentralized applications and other similar blockchain VMs whose operations have cropped up some few problems. The major problem which the blockchain is currently facing is Scaling: simply put it this way how are these blockchains projects supposed to deal with the insane amount of transactions per second when they become widely used?
Most existing blockchain have fixed consensus models, the communication between cryptocurrencies, Smart Contracts, and blockchain systems is not seamless and to make matters even worse, most blockchains are hard to upgrade.
Just as there was an evolutionary change in blockchain, sometime ago I believe we are currently experiencing one in the form of MOAC (Mother Of All Chain). MOAC Blockchain Tech, Inc. (MOAC), is a Silicon Valley based company, that wants to tackle the problem facing the current blockchain or we can say they want to move the blockchain to it next evolutionary stage.
MOAC uses a layered architecture that lowers Decentralized App (DApp) development costs, guarantees scalability, and reduces development complexity all the while increasing transaction speeds and volume(TPS) using sharding. MOAC provides Multi-Blockchain within its platform, including MotherChain (a PoW based blockchain) and MicroChains for Smart Contracts supporting multiple consensus models. it also has Cross-Chain capabilities to interlink MicroChains within the system and to interlink with 3rd party non-MOAC blockchain and cryptocurrencies. for more technical information please read their whitepaper.
MOAC community is made up of users that power it, the developers who create Decentralized Apps, the end-users who use those Decentralized Apps, and also the miners and node operators who ensures the network is running smoothly. MOAC is currently providing an extensive tutorials, news update, and other user resources.
There are currently over 60 million MOAC coins in circulation and a total supply of over 150 million MOAC coins. MOAC is currently ranked 43 at coinmarketcap, you can get more information about MOAC token at https://coinmarketcap.com/currencies/moac/
Eventually MOAC will be managed by the MOAC Foundation, a cooperative not-for-profit organization, The Foundation is responsible for efficient utilization of funds resulting from any token sales from the MOAC Reserve. And for the record their vision is to interconnect and grow blockchain markets through harmony, accessibility, and ease of use.
I liken our current blockchain to windows xp , we are still at the early stages, I believe project like MOAC will will help transport blockchain to the next stage.
join MOAC community to stay inform:
https://github.com/MOACChain/moac-core
https://www.reddit.com/r/MOAC/
https://www.facebook.com/moacchain/
https://www.linkedin.com/company/moac-chain/