A blockchain without tokens is a blockchain without incentives. The industry refers to such as a distributed ledger. Due to its lack of token incentives, token-free blockchains are unable to attract a large number of nodes. They’re also unable to achieve a large number of processing support to provide proof of work and lack enough nodes to provide distributed storage services for the ledger. Distributed ledgers have as a result become centralized, appearing as alliance chains or private chains.
This leads to token-less blockchains being unable to guarantee security. In practice, the road ahead of token-less blockchains is filled with obstacles. The former R3 Bank Blockchain Alliance spent massive sums of money only to conclude that ‘blockchains are unnecessary’. IBM, Microsoft, and other companies subsequently abandoned the concept of decentralized blockchains.
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Are Token-free Blockchains About to Hit a Dead End?
MOAC’s microchain technology has solved this conundrum! MOAC microchains have already proved during the beta test phase that MOAC is currently the only blockchain that supports both blockchains that use tokens and those that don’t. Projects give users, products, and enterprises access with only a small maintenance fee.
MOAC microchains refers to chains with special functions that are deployed off of the MOAC platform main net. These microchains can’t exist independently, they must operate through the infrastructure provided by the main net, and they can freely access all the users on the main chain.
It’s this unique design that allows MOAC microchains to provide the perfect solution for token-less blockchains.
MOAC microchains feature the following advantages, completely solving the problem that token-free blockchains face. Namely, that they cannot simultaneously provide low-cost, decentralized, secure and highly-efficient services.
It’s quick and easy to set up. It only takes a half-hour to complete, and the interface is already optimized. A one-click chain will be realized in the near future.
It’s flexible and intuitive. One can fully utilize the MOAC system to quickly deploy microchains with new functions. The microchains can also utilize their own consensus methods and execution modules.
They’re highly efficient. Microchains can set their own block generation rate, greatly increasing transaction speed.
Deployment and maintenance costs are extremely low. Microchain nodes are provided by the MOAC mining pool, so the cost of deploying and maintaining projects is extremely low.
Security is guaranteed. MOAC’s mother chain guarantees the security of microchains. This is because the lower-layer mother chain utilizes a POW consensus mechanism, meaning that every node on the chain is connected to one or more nodes on the microchain, thus providing a reliable, all-around consistent blockchain.
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MOAC microchains have an innate incentive mechanism, blockchain projects utilizing this technology randomly select nodes from MOAC’s public pool. This way, a large number of enterprises can eliminate the huge cost of deploying and maintaining nodes while simultaneously guaranteeing blockchain security and solving the lack of tokens and decentralization issues. It’s impossible for these issues to be simultaneously solved by token-free blockchains alone.
The MOAC IPFS microchain Filestorm uses MOAC microchain technology to realize a token-free microchain. Filestorm hasn’t issued any of its own currency, its nodes are randomly selected from the mining pool, effectively achieving both security and decentralization. Any individual or enterprise that hopes to achieve a large following need only pay a small cost to realize large scale, distributed storage.
MOAC microchains are flexible and diverse, and provide solutions for all kinds of application scenarios. They can provide governmental bodies and enterprises developing projects the opportunity to choose whether or not they want to issue a token!
Where to Find Us
Website: https://moac.io/
GitHub: https://github.com/MOACChain/moac-core
Twitter: https://twitter.com/moac_io
Reddit: https://www.reddit.com/r/MOAC/
Medium: https://medium.com/moac
Steemit: https://steemit.com/@moac-official
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https://www.youtube.com/channel/UC_U54wsGNrm_Yivj5bH9i7Q?view_as=subscriber
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