WHAT IS MULTIVERSUM ?
Multiversum is a platform that offers complex data organization instead of data sequencing, chain splitting and rejoining to allow it for greater scalability and parallelism, and the concept of Proof of Integrity validation (i.e. cryptographic proof of server code) instead of existing Proof of Work or Proof of Stake solutions.
A pre-ICO for the company raised $2.9 million in 6 days in early March 2018. That pre-ICO has a hard cap of $60 million USD and will continue until March 31, 2018. The company believes it will hit the hard cap before the sale is closed, according to a recent press release.
Multiversum sees itself as a fourth generation blockchain because of its use of relational databases. The Minsk-based development team believes relational databases will be exceptionally useful for enterprises, governments, banks, and other organizations seeking to adopt blockchain technology.
Through these functions, cryptocurrency is managed in blockchain: everyone can transfer values from one user to another in a unique, real and certified way.
The first generation of blockchain is used by tokens like Bitcoin and Litecoin. The second generation was launched by Ethereum with a smart contract. The third generation of blockchain consists of post coins (proof of ownership) and centralized currency.
Today with the new era Multiversum project is developing: fourth generation, relational blockchain.
Through this revolutionary concept, Multiversum team aims to solve the various problems and limitations that exist in the current blockchain: many of the cryptocurrencies present in the market today are valid, but because of their scalability they can not be used for mass dissemination.
MULTIVERSUM AND THE BLOCKCHAIN ADOPTION
The Multiversum technology pushes traditional blockchain beyond its current limits, by enhancing the data layer through self-verifying and distributed structures of organized data entities, related one to another by symbolic links. This technology sets the foundations for a decentralized and distributed system of coherent self-verifying transactions which is the Multiversum blockchain.
Multiversum also allows, instead of the existing blockchain simple data model, the creation of a Relational Crypto Database (an advanced and organized data storage solution) which can handle not just a single data-type, but a series of data grouped in graphs of complex data structures related one another. Relations are now first class citizens of the blockchain and are assured by cryptographic methods. Each one of them, when a state change is requested, will have its own sub-chain splitting from the original branch, that will rejoin after the operation, in order to be validated.
This makes MULTIVERSUM an evolved blockchain technology which offers unique features to overcome the previously analyzed inconveiniences, with a set for every environment.
How Does Multiversum Work?
Multiversum sees itself as a fourth generation blockchain. The main innovation here is that Multiversum has created not just one blockchain, but multiple blockchains in a “Crypto Relational Database”. This spreads blockchain data across “multiple dimensions”.
This unique system is designed to offer enhanced scalability and flexibility. Multiversum wants to be the ideal blockchain to meet enterprise needs, for example, and to do that, it needs to offer leading scalability, security, and flexibility.
The Crypto Relational Database will be an “advanced and organized data storage solution” that can handle more than just a single data type: it can handle a series of data entities grouped in graphs of complex data structures related to one another.
Another unique feature of Multiversum is the use of “Proof of Identity” consensus instead of proof of work (PoW) or proof of stake (PoS). Proof of identity creates consensus through “cryptographic proof of server code”.
One final unique feature worth mentioning on Multiversum is that it’s capable of using ERC20 and ERC23 tokens, allowing coins and tokens from other solutions to be hosted on the Multiversum chain. Multiversum will also have its own native token called MTV.
Multiversum Features
Multiversum emphasizes all of the following features:
- Fast transaction speeds of 0.2 seconds when moving MTV tokens between two wallets
- 64 core server capable of manaign 64,000 transactions per second
- Proof of Integrity (PoI) system that will replace PoW and PoS
- Relational database, which is a new kind of blockchain that features different types of data organized into a multidimensional structure
- Divisible or splittable chains, where workflow is distributed on available nodes to split the main chain into sub-chains
- Interoperability with other blockchains, including the ability to use ERC20 tokens and ERC223 tokens on the network
- Multiversum mainnet
- Smart contracts
- Fully decentralized system
- Backup or recovery nodes that function as a global disaster recovery system
- Multi-currency wallet
- Biometric data access
- Low fees
- Data sharding
- Fraud prevention rollback
- Mobile app support
Details ICO
Token name: Multiversum
Symbol: MTV
Standard: ERC20
Softcap: 5 million dollars
Harcap: 35 million dollars
Token cost: $ 1
Number of tokens: 141,000,000 MTV
Period: 1 May to 10 June 2018
More information:
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White Paper
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Author remuy24
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