MOAC (MOAC) also known as the “Mother Of All Chains” has been on a solid run over the last seven days and it is time to take notice.
MOAC seeks to advance decentralization beyond the scope of what current infrastructure networks like Ethereum and EOS can offer.
ICYMI earlier this week, MOAC CMO Cherie Liu published an article on Block Tribune about how blockchain can protect Big Data and IoT devices. This article is now available on MOAC’s Medium page. Check it out below! https://t.co/K6BtvQhDjZ
— MOAC (@moac_io) February 7, 2019
“In a blockchain system like Ethereum, there’s no difference between a balance transfer transaction and a smart contract transaction,” said MOAC Chief Business Development Officer Ryan Wang in an interview with Forbes. “All the transactions are handled at the global level, thus greatly limiting the TPS and the system-level performance.”
The company describe the actual chain as follows:
“The underlying architecture of the MOAC Platform is a Multi-Blockchain consisting of a global primary blockchain, MotherChain, and additional MicroChains. Using blockchain sharding technology, a MicroChain functions as a child blockchain within the platform that operates above the global MotherChain, and is responsible for Smart Contracts management. MicroChains also enable high volume transactions using a variety of consensus systems.”
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The MOAC ICO closed June 2017, raising 24,995 ETH, which was worth approximately $7 million at the time.
The remaining 94 million MOAC tokens were held in reserve to fund future network endeavors. Of that, 63 million is held by the MOAC Foundation, and 31 million is held by a for-profit arm. Another 6 million MOAC per year will be generated from mining up to a cap of ~210 million.
MOAC is mineable using a Proof-of-Work algorithm, just like ETH. That means it’s GPU mineable, and ASIC rigs haven’t flooded the market.
“Balance transfer transactions are important transactions that do not require heavy computation power; however, most smart contract transactions require heavy computation power,” Wang said. “That’s why we introduced multi-layered architecture — now all balance transfer transactions are handled at the bottom PoW [Proof of Work] layer (the MotherChain), and most smart contract transactions are handled at the top layer (MicroChains).”