What is MultiVAC (MTV)?
MultiVAC is a next-generation high-performance blockchain designed for industrial-scale dApps. It uses trusted sharding technology to achieve unlimited and sustainable scalability. The platform has a native token called MTV, which powers its activities. MTV price is available on the above price chart.
MultiVAC's sharding model is based on Verifiable Random Functions to solve the blockchain trilemma – decentralization, scalability, and security. Sharding is one of the most practical ways to achieve scalability from the bottom up without compromising security and scalability. The technology allows the MultiVAC network to achieve high transactions per second (TPS) rate while maintaining infinite expansion. Sharding enables decentralized blockchain to achieve industrial capacity. The protocol applies the sharding model to transactions, computations, and storage.
MultiVAC also provides a unique computational model for smart contracts. The model allows developers to decide the trade-off between consistency, partition tolerance, and availability. These parameters are often fixed in many public blockchain designs. To achieve this purpose, MultiVAC provides a general-purpose virtual machine equipped with a special design blockchain instruction set (BISC). It also uses a powerful method to validate smart contract executions – PoIE. This technology suite enables the platform to be extremely fast, scalable, and robust to support extremely complicated business logic on its application layer.
Key Features of MultiVAC include:
- Linear Scalability to Infinity: each node on the network processes the data in its shards. Therefore, the scalability of the network increases linearly with the increase in the number of shards.
- VRF Dynamic Re-Sharding: technologies such as re-sharding, organic shard splitting, and innovative PoS approach secures the shards and enable self-growth capacity.
Innovative distributed storage scheme based on Merkle Trees: the storage provides a high level of scalability and decentralization. - Low Minor threshold: enables anyone to enjoy the network easily. Users can participate in mining even with ordinary PCs.
Use Cases of MTV Tokens
MultiVAC coin (MTV) is a utility token that facilitates multiple activities in the MultiVAC ecosystem. It exists in different standards: ERC-20, BEP-20, BEP-2, and mainnet. Token holders can stake MTV to protect the network, and in turn, earn rewards.
MTV is also a speculative token that you can add to your trade portfolio. Check the MultiVAC price on the live chart above.
Who Founded MultiVAC?
MultiVAC is a product of a large team with skills and experience in science, mathematics, and programming. The team is led by Lu Heng (CEO). Lu Heng also co-founded Xinrenxinshi.com, a Software as a Service product for Human Resources. Besides, he served as a Senior Engineering Director and Manager at Meituan.com, which is one of the largest lending group discounts and sharing economy platforms in China.
Dr. Ying Xiang, the project’s CTO, is a former Software Engineer at Baidu. Dr. Ying Xiang holds a Ph.D. in Computer Science from Nanyang Technology University in Singapore.
MultiVAC’s CMO is a former Director of Marketing at Xinrenxinshi.com. He also served as a Product Manager at Meituan.
Lastly, another notable team member is Dr. Susan Calvin, who is experienced in Cybernetics and Positronic interfaces.
Tokenomics of MTV
MTV is a deflationary token with a finite token supply of 10 billion MTV. The token distribution is as follows:
- Ecosystem – 30%
- Foundation – 27%
- Team – 15%
- Private Sale – 10.21%
- Seed Sale – 8.95%
- Public Sale – 7%
- Advisers – 1.84%
Early investors bought the tokens at fixed prices during the Private, Seed, and Public Sales. Currently, the MTV price may vary due to market factors. Ensure you check the current MultiVAC price above before making any purchasing decisions.
