Ever since the evolution of blockchain technology in 2008, we have seen countless, wonderful and unimaginable projects that are either being deployed under the blockchain or use the concept of blockchain to create, manage and maintain the ideas that they came with. Most of these projects try to integrate or combine the blockchain technology with other new technology like artificial intelligence (AI) and the Internet of things (IoT) to solve real-life problems in which some become successful and others become failures.
In other light, others try to create their own independent blockchain platforms with specific features and functionalities. One such platform is the ethereum blockchain which was an open source, public, blockchain based distributed computing platform and operating system with a smart contract feature.
Ethereum is a very popular blockchain that has numerous number of smart contract running on it. But recently due to the high number of smart contracts and an increased number of transaction per second that arise from a single game built under the ethereum blockchain (crypto kitties), there is usually a cluster of the network which leads to a slow transaction which sometimes takes days to execute and a very high transaction fee.
Ethereum blockchain is not designed to support decentralized application (DAPP) due to its difficult learning curve, the high cost of maintenance, and inefficiency of more users using the DAPP.
Ethereum token distribution is through mining but due to the high cost of mining machines and electricity, this has become relatively difficult except to individuals or institutions with the capacity to obtain the mining rigs.
Ethereum also has a limited number of supported transaction per second (TPS). Due to the situation of the smart contracts being handled by all the nodes at the same time.
With these rising issues and more issues that may arise in the future, MOAC blockchain has a solution to these problems and can also provide effective cross chain functionality.
On the Mother of all Chain (MOAC) blockchain, smart contracts and balance transfer are handled separately and a technology called sharding is used to improve the system TPS by 100x.
On the MOAC blockchain, each deployed smart contract is actually a Micro-chain, it has the ability to choose its own verification node and consensus method, it also has its own blockchain to save state.
The DAPP creator maintains the operation of the DAPP by paying for every block in the Micro-chain and also continuously paying for its verification node.
The users of the smart contracts do not need to pay for any gas when initiating a call the DAPP enabling the users to use a direct call approach.
Due to this, MOAC will provide a more fast, efficient, convenient, and secure platform to hold other Micro-chain or DAPP on the blockchain. The Micro-chain technology has powerful functional modules that are capable of building very complex DAPP applications. MOAC allows DAPP built on its Micro-chain to use any self-defined block production speed with no processing fee for calling the Micro-chain.
MOAC Micro-chain beta testing was opened on the 30th of June 2018 and will have the capacity to support more than 10,000 DAPP when it is fully functional.
It is worthy to note that an ethereum DAPP called Hourschain has decided to switch over to the MOAC Micro-chain because ethereum network cannot solve its need for high concurrency, security, and privacy but the MOAC Micro-chain has the capacity to solve these problems. Hourschain is a personal health data platform with over 10,000 users.
Due to the light of the world sporting event currently going on, MOAC has decided to launch a World Cup betting completion that could see the winner getting 2000 MOAC token. You can find more details by following this link https://medium.com/moac/moac-world-cup-betting-competition-is-on-756992d91207
In conclusion, MOAC is taking advantage of the faults of other blockchain network and providing a blockchain system where user's don’t have to worry about a clogged network, high cost of maintenance and high transaction fee. MOAC is also the first to implement a unique Micro-chain per smart contract.
So here is the question, if you were asked to choose between MOAC Micro-chain and the ethereum blockchain. What will be your choice?
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