NEW YORK, NY / ACCESSWIRE / July 27, 2018 / What is MOAC?
MOAC is a third-generation blockchain platform originating from the World IT Center in Silicon Valley. The unique layered architecture and Microchain technology greatly increases the scalability of the platform. Dedicated networks such as those that use blockchain models can easily be linked together, making connecting and testing new blockchain products more efficient. This is where "the Mother of All Chains" gets its name.
By separating balance transfers and smart contracts, the MOAC platform's advanced, multi-blockchain layered architecture increases the overall transaction speed up to 100x faster than Ethereum. The MOAC architecture consists of the MotherChain, an event handling system, smart contracts as MicroChains, blockchain sharding, cross-chain capabilities, security, and an API.
- The MotherChain is a public blockchain layer that processes balance transfers, blockchain operations, consensus, and data access.
- MOAC implements a unique MicroChain per smart contract, providing efficiency and scalability beyond existing solutions.
- The MOAC Platform also provides blockchain sharding, a feature to horizontally partition data across multiple blockchains and nodes. Sharding helps by using a node-based approach, providing more processing power proportional to the number of nodes in the network.
- Cross-chain functionality enables MOAC to interact with a variety of blockchain systems within the platform as well as externally to 3rd party blockchains and cryptocurrencies.
- MOAC prioritizes security first. When developing the platform, the MOAC team reviewed the security settings and measures of all major blockchain systems in order to utilize the best practices in the market.
- The platform API provides a quick start for DApp developers by providing easy access to blockchain functions without having to know the specifics of blockchain implementation.
Who are the leaders?
The MOAC Foundation is comprised of cross-industry and multicultural blockchain leaders from finance, digital media, software, and emerging tech markets. The founder and chairman, Sha Zhou, has extensive technical and managerial experiences in computer, communication and data networking industries. Sha has led and backed multiple high-tech companies, focusing on block- chain, VR/AR, robotic engineer, and autopi- lot technology. The portfolio companies that Sha invested and manages include Jingtum Tech, Outpost, Tersus, Wellwit Robotics,etc.
David Chen, co-founder of MOAC Foundation and the CEO of MOAC Blockchain Tech, Inc, is a 20+ year Silicon Valley veteran, co-founder and previous CTO of Jingtum, a blockchain technology platform. Xinle Yang, another co-founder and the CTO of MOAC Blockchain Tech, Inc, leads the ongoing development of the company's highly disruptive blockchain platform. Xinle was a senior software engineer responsible for Nike's e-commerce platforms which accounted for $11B of the company's yearly revenue. With strong backgrounds, the team has brought the MOAC line of products into reality with international tech patents.
Closer to MOAC
Getting start with MOAC
The MOAC platform is a multi-blockchain [LZ-SS1] software and deployment service solution for rapid development of decentralized applications (DApps) and smart contracts on a scalable P2P service network. By using an advanced layered architecture for asynchronous smart contracts and a variety of configurable consensus systems (including "proof of work" and "proof of stake"), the MOAC platform enhances existing DApps with additional functionality and scalability solutions.
Interacting with MOAC
There are three main ways to interact with MOAC:
The Wallet - For sending and receiving funds as well as participating in mining.
MicroChain Mining- The upper layer of the MOAC platform where a node verifies transactions for smart contracts and other consensus systems. Mining for MicroChains will be rewarded with MOAC tokens and tokens associated with that specific MicroChain.
MotherChain Mining - The lower layer is the Proof of Work MotherChain, which is the foundational layer for data processing and storage. Mining for the MotherChain is how miners can earn the MOAC cryptocurrency.
Wallet and Payment System
The MOAC Platform features a fully functional wallet protocol. This enables MOAC to work with a variety of 3rd party wallet solutions. Any wallet compatible with the MOAC protocol will work smoothly with the platform.
In addition, MOAC is working with the developer community to develop multiple open source web and desktop wallets which will work on platforms such as Windows, Mac, iOS, and Android.
Looking to the Future
Part of the reward from new blocks goes towards the development of MOAC to ensure that it will continue to meet the needs of the community in the years to come. The following are some of the features planned during next two years:
- Next Generation P2P Sharding System
- Full Capacity Payment System
- High Performance Online Storage
- Functional Enhancement and Monitoring Technology
- Full Integrations
MOAC Tokens on the Market
MOAC's smart contract system is fully compatible with Ethereum's EVM system, supporting ERC20 and ERC721 token standards.
The MOAC coins in circulation come from two sources: initial 150 million and mining rewards of the MOAC blockchain. The initial 150 million MOAC coins are distributed as the following: 75 million is used for ICO, 15 million is used for MOAC foundation, 15 million for the team, and 45 million is reserved for development cost. The mining rewards is generated in each block and distributed to the miners. The value of each MOAC coin ﬂuctuates daily, and can be found at CoinMarketcap.com.
Join the Community
At the core of the MOAC platform are the users that power it, the developers who create DApps, the end-users who use those DApps, and the miners and node operators who keep the network running smoothly.
Through decentralized processes, people with different ideas, goals, and opinions can help shape the future. You will likely have some questions, so come join the growing community where you can connect with developers and other users and get answers. The team stays actively engaged with their communities on Telegram, Facebook, Twitter, and other social media platforms.
Find MOAC on:
YouTube (Event Channel): https://www.youtube.com/channel/UCBU405W7vfOPBicLwW9-QOA
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