It is widely known today that existing block chain technologies are unable to be applied at an industrial level and integrated into people’s lives and production. Base-layer block infrastructure are not yet advanced enough to support these applications,and thus Bitcoin can only processes four transactions per second and Ethereum ten. Massively limited transaction performance and scalability make it impossible for current blockchains to satisfy industrial demand.
Scholars and experts in this field are taking various approaches to cope with this problem. The mainstream solutions include:
Super nodes:
Taking the 21 super nodes proposed by EOS as a paradigmatic example, this method enhances performance by using fewer bookkeeping nodes called super nodes instead of full nodes.
Side chain:
(also known as cross-chain / multi-chain): This method scales a single chain using cross-network interaction between multiple chains with different structures, technologies, and consensus mechanisms, in order to provide application support to more complicated logic.
State channel:
Exemplified by the Lightning and Raiden Networks, this method delegates certain transactions to off-chain channels for processing, thus achieving scalability by reducing the transaction scale and pressure on the main network.
Sharding:
Sharing technology divides the whole blockchain network into smaller functional areas in order to process transactions. In such a way, a greater number of transactions can be processed and verified at the same time, achieving parallel scalability.
The approach of using a limited number of super nodes to achieve consensus instead of bookkeeping by all the miners enhances performance at the expense of decentralization. In the super node model, misbehavior amongst the super nodes are more prone to occur. The other solutions of side chain and state channel have limited use currently due to limitations in the current level of blockchain developments.
Sharing technology has already been proven to be a viable solution. Distributed parallel systems can maintain the integrity and stability of the main blockchain while reducing the data stored on every node, thus achieving scalability. Moreover, the shard number increase in step with node count, making unrestrained scalability theoretically possible. Therefore, MultiVAC believes that among above-mentioned solutions, sharing is the most effective solution for base-layer public blockchains to achieve scalability and enhance performance.
A long and dedicated period ofresearch and exploration by the MultiVAC team hasenabled usto roll out an elegant solution combiningour technical advantages andnewdesign ideas. We offer a next-generation public blockchain for industrial-scale dApps, a groundbreaking solution that achieves scalability innot only transaction processing but also blockchainstorage, and transmission. We have developed a trusted sharding technology that empowers the blockchain system with high throughput, flexible computation, and unlimited scalability, and are building a robust decentralizedapplication ecosystemfounded on ourhigh-throughput flexible model based on trusted sharding computation.
Our complete technical solution and incredible team have helped us gain affection from multiple institutional investors and digital currency users. Many do not yet understand very clearly our core advantages and design philosophy, and thus we are publishing one article every few days to introduce the contours of MultiVAC. Stayed tuned and visit our official website — Medium — for more.
About MultiVAC:
MultiVAC is High-Throughput Flexible Blockchain Platform based on Trusted Sharding Computation. It’s a next-generation public blockchain platform built for integration with large-scale decentralized applications (dApps). As a core aspect of the protocol, developers can customize parameters for consistency, availability and partition tolerance, providing a high degree of user autonomy over the blockchain infrastructure.
Follow us for the latest news and project updates:
Website: https://www.mtv.ac/
Telegram chat link: https://t.me/MTVCommunity
Telegram announcement channel link: https://t.me/MultiVACMTV
Twitter: https://twitter.com/MultiVAC_Global!
