The world of cryptocurrencies and the revolutionary idea proposed in the whitepaper by Satoshi Nakamoto, the mysterious inventor of Bitcoin, seem to be among the most revolutionary innovations of the last decades.
While banking institutions, media and big capitalists claim to stay away from this world because they call it a "financial bubble", at the same time a growing amount of experts defines blockchain technology as the revolutionary idea as it was internet 20 Years ago.
What is a blockchain?
A blockchain is a chain of digital blocks, containing information. What the blockchain does is to communicate to anyone who wants to know that the information is true.
Thanks to the blockchain we can know if an information contained within it is real, verified and reliable without the possibility of external manipulation.
Through these functions a cryptocurrency is managed within the blockchain: everyone can transfer value from one user to another in a unique, real and certified way.
The first generation of blockchain was used by tokens like Bitcoin and Litecoin. The second generation was launched by Ethereum with smart contracts. The third generation of blockchain is made up of pos (proof of stake) coins and centralized currencies.
Today with the Multiversum project a new era is being set up: the fourth generation, the relational blockchain.
Through this revolutionary concept the Multiversum team aims to solve numerous problems and limitations present in the current blockchain: many of the cryptocurrencies present on the market today are valid, but because of their scalability they are unusable for mass dissemination.
What are the advantages of Multiversum?
Transaction speed: only 0.2 seconds are needed
Capacity: 64-core server can handle 64,000 transactions per second
POI: proof of integrity will replace proof of stake for social security in transactions
Rollback: the rollback system will be available for apps.
Recovery nodes: to create a perfect system Multiversum developers have created many peripheral nodes for backup as Global Disaster Recovery
New generation wallet: through biometric access to the portfolio.
Splittable chains: the workflow is distributed on the available nodes to divide the main chain into sub-chain.
Relational blockchain: a new type of blockchain that presents different types of data, related to a multidimensional structure.
Eco-friendly: practices that will lead to a healthier life for the planet and its inhabitants, large and small.
Introduction
The First generation of Cryptocurrency called Bitcoin, Bitcoin is The Pioneer of Cryptocurrency, together with all its various clones and forks based on Proof of Work algorithm for transaction validation, are considered first-generation blockchains.
The Second is Ethereum, with Ethereum leading the charge of smart-contracts-enabled blockchains, is instead more heterogeneous, allowing easy tokenization of assets. Both architectures have extremely low energy efficiency and medium-low block validation speed and transactions per block. Solving the scalability, speed, and energy consumption issues are the goal of third-generation blockchain solutions, using different approaches and techniques like Proof of Stake validation algorithm, off-chain routing, graph-chains, and complete or partial centralization.
The Fourth generation is going far beyond this, achieving faster and more scalable solutions and trying, at the same time, to become competitive from a business perspective; simple chains of data are not flexible enough to fulfill corporate environment needs, in which complex data structures need to be organized in tables (as in relational databases).
Multiversum Mission
- Achievement of a Crypto Relational DB with self-validating Complex Data Structures
- Divisible / re-joinable chains based on current system workload (Parallel Work)
- Data Sharding (Parallel Work)
- Advanced API offering
- Rollback (User Security)
- Freezable wallets (User Security)
- Integration of biometric data as the seed for the Electronic Signature
- ERC23 interface (Interoperability with other blockchains)
- Native off-chain adaptors for its own ERC20/ERC23 (Interoperability with other blockchains)
- Native off-chain adaptors for ERC20/ERC23 guests (Interoperability with other blockchains)
- Proof of Integrity (Protocol Innovation)
- Double Access Lock (Structural Security)
- Reverse Access Denial (Structural Security)
- Reciprocal Chain Confirmation (Interoperability with other blockchains)
- Integration for Java, Spring, and Javascript
- ACID model
- Transactional Model
- SQL-like language
Token Details
- Token Name: Multiversum
- Token Symbol: MTV
- Token Supply: 141M MTV
- Token Value: 1$
- Token Type: ERC20
Token ICO
- Soft Cap: 5,000,000 USD (soft cap is reached)
- Hard Cap: 35,000,000 USD
- Bonus
Token Distribution and Destination
Token Distribution
- 15% Founders and team (blocked for 12 months)
- 6% Collaborators
- 3% Advisors, Partnership
- 76% Contributors
Destination of Distribution
- 47% Multiversum Development
- 25% Operations
- 12% Marketing
- 5% Security
- 5% Legal
- 5% Reserve
- 1% Charity
for more information Multiversum
Website: https://www.multiversum.io/
Telegram: https://t.me/MultiversumOfficial
Facebook: https://www.facebook.com/MultiversumBlockchain/
Twitter: https://twitter.com/MultiversumBC
Author : $crypto$
ETH : 0xC6F915eDAf2656742D8E692FB45E88734B3dbbbb
Interesting article, I however wonder if the first generation crypto will catchup and behave like a fourth generation one. Nevertheless, it is a very interesting project.
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