What is MultiVAC (MTV)? It is a blockchain project, which offers next level solutions in flexibility and scalability.

What once started with a white paper, an idea for a peer-to-peer decentralized and digital payment method, has grown into a billion-dollar market in less than 10 years. And the world of cryptocurrency and blockchain continues to grow. New projects are launched every day, some with spectacular figures and others with groundbreaking blockchain technology. A meme coin, DeFi applications or an NFT collection: it seems impossible.

For someone trying to orient themselves in this hectic world in search of good investment opportunities, it is sometimes difficult to choose. Because new stars are always appearing in the firmament and which project has real potential? Anyway: MultiVAC is definitely one to keep an eye on.

MultiVAC is a blockchain project that, according to crypto experts, can rightly be labeled “promising”. That is why in this article we will answer the question: what is MultiVAC? And why is this a promising project?

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• View quickly
• What is MultiVAC (MTV)?
• Trilemma
• The MultiVAC solution
  • All-dimensional sharding
  • Flexible Sharing
  • Decentralized, safe and widely deployable
• Origin history
  • roadmap
    • MultiVAC Sandbox
    • MultiVAC Bridge
    • MultiVAC Swap
    • MultiVAC Reserves
    • MultiVAC Governance
• Founders
• The token MTV
• Investors and partners
• Strike
• How can you strike MTV?
• Conclusion

Here is explained in more than 6 minutes what MultiVAC is and why this is an interesting project:

 

What is MultiVAC (MTV)?

The project MultiVAC is named after the supercomputer from a Sci Fi story. This computer grows into an entity that can rule over time and space and is united with every human soul. It provides answers to every question.

It is possible that this is what the developers behind MultiVAC also have in mind with “their” MultiVAC. In any case, their blockchain version of MultiVAC is designed in response to the trilemma of blockchain technology.

Trilemma

What is that trilemma? The great trilemma of blockchain technology revolves around 3 things: scalability, security and decentralization . To function on a large scale, a block must be able to process multiple transactions with speed. But these transactions must of course also run smoothly, without blocks being duplicated or the system being hacked. So safety first. Finally, a blockchain is a peer-to-peer system, which does not require a third party to collect and approve data. Everything is decentralized.

In blockchain technology, it appears difficult to design the protocol of a blockchain in such a way that these 3 values are optimally balanced. Bitcoin (BTC) and Ethereum (ETH) were the first blockchain. Block creation was decentralized and secure, but scalability was a major problem. Bitcoin processes about 5 transactions per second. With Ethereum, the TPS (Transaction Per Second) is 15. For comparison, Visa has an average of 1500 TPS. Now with the implementation of Ethereum 2.0, the TPS is improving, but it is certainly not yet optimal.

There is therefore still a lot of profit to be made in the field of scaling and various blockchain projects have already focused on this. There are already much faster blockchains, but the process of creating blocks is more centralized. For example, the process of creating the blocks is facilitated by only a few nodes. As a result, the system is of course no longer decentralized and therefore less well protected.

The MultiVAC solution

Now we look at MultiVAC. How do the founders of this platform intend to tackle the trilemma, and in particular scalability? The magic words here are flexibility and sharding.

Sharding stands for shards, shards. It is always said that shards bring good luck, but in the case of MultiVAC, it mainly brings speed. Normally, a blockchain is created block by block. All data is put in the same block. In the MultiVAC system, different data or information is divided up and put into different parallel chains. Due to the division, and because each chain handles a specific part, data is processed faster.

All-dimensional sharding

The founders of multivac call their method All Dimensional Sharding: the information is divided up at every level of the ecosystem. The sharding takes place during computing, storage and transport within the ecosystem.

Flexible Sharing

The division can be done in different ways and can therefore be fully adapted to the process of the dApp that can be built on the ecosystem. This makes the applicability very flexible.

Decentralized, safe and widely deployable

The MultiVAC ecosystem now has a division into 64 shards by 2021. This gives a speed under ideal conditions of 30784 TPS (transactions per second) . An individual shard can handle 533 TPS. This makes MultiVAC one of the first blockchains that has the speed to be usable on a large industrial scale.

Mining, which is the creation and preparation of the blocks in a blockchain, requires little energy and power from the computer due to the method developed by MTV. As a result, anyone can basically mine with a computer or laptop. This ensures that the process can also be completely decentralized in a way that guarantees safety. The verification of the blocks is done by means of a Proof of Stake consensus.

 

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Origin history

We go back to 2018 for the emergence of MultiVAC. It started with writing the white paper. Three years later, MultiVAC has made the big leap to the mainnet. Let’s take a quick look at the history of MultiVAC.

roadmap

• 2018 – In 2018, the founders published their whitepaper. Subsequently, the sharding yellow paper was published about the sharding process.
• 2019 – Phoenix testnet and Enigma testnet
• 2020 – Oracle testnet
• 2021 – Launch on the Mainnet. Stage Zero will be completed in August 2021.

The MultiVAC platform is now fully operational. With the launch on the mainnet, the ecosystem is basically a young adult, ready to conquer the world. The infrastructure is now standing and can be used for the development of dApps and further growth.

The launch on the mainnet has several phases. For the growth and proper functioning of the ecosystem, it is important that more and more tokens are staked. Stage zero was achieved at the end of August with a strike totaling over 700 million tokens. After this, Stage 1 started. The intention is that 3 million more tokens will be staked in this phase. Staking, holding tokens and making them available as collateral to run the nodes that carry the network is important to give stability and continuity to the network.

Staking causes token holders to hold on to these tokens and thus not go for quick trades. Because the tokens are held, the value of the tokens remains stable.

As of 2021, the following possibilities of the MultiVAC ecosystem have been realized or are being developed:

MultiVAC Sandbox

In a sandbox, just like toddlers in a sandbox, developers can build in a safely closed environment. The MultiVAC Sandbox supports BSC and ETH addresses. This allows one-step migration from ETH/BSC to MTV.

MultiVAC Bridge

This allows transfer of data and assets between MultiVAC and other blockchains.

MultiVAC Swap

This is an embedded DeFi application in the MultiVAC to swap tokens. This can be done at a very low gas fee. Gas fees are the costs incurred for using the network.

MultiVAC Reserves

Algorithmic methods are used to create pegged or wrapped assets of, for example, ETH or BTC. Pegged assets are assets that are tied to the value of a token or fiat. Wrapped assets are assets that are given a kind of extra layer, so that the assets can also be used in other ecosystems.

MultiVAC Governance

This is the plan to structure the governance and management of the ecosystem from a DAO. A DAO is a decentralized autonomous organization. For the time being, the development team was in charge, but after the launch on the mainnet, this will be handed over to the community.

Founders

The team behind MultiVAC has definitely set a new standard in blockchain development. This was also to be expected if you look at the resumes of the founders and the team.

The founders are Shawn Ying and Frank Lyu. Shawn Ying was educated at Chinese universities, but was also educated at Yale. He is currently a professor at Tijan University in addition to being CEO of MultiVAC.

Frank Lyu also graduated in computer science from Tijan University and worked in blockchain technology at various companies before establishing MultiVac.

The founders and the team behind MultiVAC have an academic background and have worked on various blockchain projects. In 2021, the MultiVAC development team will consist of 6 members with a Phd. In addition, 18 researchers and engineers work in the MultiVAC team. They have previously worked at large tech companies, such as Google, Microsoft and Facebook.

The token MTV

The Multivac (MTV) token is a means of payment to pay the gas fees within the ecosystem. But it is also a token used for staking as a reward and collateral. The token will be traded on the following exchanges in 2021:

• okay
• Gate.io
• MXC
• Binance DEX
• UniSwap
• Pancake Swap
• Dodo
• Burger Swap

On June 26, 2021, MultiVAC was launched on the mainnet. But more than 2 years before that, on April 11, 2019, the token was already launched at the price of 0.010 USD. The price dropped in the fall of 2019. Until the spring of 2021, the price development was actually almost in a straight line that continued to hover around USD 0.0002. The network was of course only in the test phase during this period. On April 14, 2021 in the run-up to the mainnet launch, things got back to normal and the price skyrocketed to 0.15 USD. After this, the price has fallen again, following the negative sentiment at the beginning of the summer of 2021.

There are a total of 10,000,000,000 MTV tokens and in September 2021, 3,587,369,426 of these tokens are in circulation. On September 5, 2021, MTV hit the all-time high of USD 0.024794. In the ranking, the token with a market cap of USD 61,736,363 ranks 511.

Investors and partners

It always gives confidence when a platform has investors and partners who see the potential in the plans of a development team. Here too, the prospects for MultiVAC are promising. For example, MultiVAC has an international group of investors, particularly from China and the Far East.

The following investors are behind MultiVAC:

• IDG Capital
• NGC Global Capital
• Sign capital
• hashed
• Arrington XRP Capital
• ICO Drops

Furthermore, MultiVAC has a number of partners who work together to make the ecosystem function and expand:

• ARPA – ARPA specializes in data transfer security.
• AnKr – Ankr is a distribution computing system that partners with MultiVAC in the field of cloud computing and data applications.
• Vite – Vite is an ecosystem under construction to ensure that data and asset transfers between the various blockchains run smoothly. Vite will support MultiVAC with cross-chain capabilities, enabling the MultiVAC platform to handle significant growth.
• TopNetwork – TopNetwork supports 3 Layer networks in sharding techniques, among other things.
• Certik – This is a blockchain and smart contracts audit platform. They take care of the audits and thus the safety in the development of dApps and Smart Contracts within the MultiVAC ecosystem.
• Pool-X – This provides liquidity to platforms. Pool-X also organizes various events for MTV to encourage strikes.

mtv.ac

Strike

Strike is of great importance for the project to succeed. You could already read this in the story about the roadmap and development of the network. So with new projects, such as MultiVAC, the rewards for staking are also high. In 2021, the APR (Annual Percentage Rate) is 21.98%.

Although striking a new project offers great opportunities to build up passive capital, it is of course not entirely without risks. If a promising project does not get off the ground, you can be left with a large pile of tokens that you will not get anything for.

That is why it is important to thoroughly delve into the fundamentals of a project. With an innovative protocol, a strong development team and the group of investors and partnerships, MultiVAC therefore seems to be an interesting opportunity to stake tokens.

Furthermore, the development team has organized various actions to stimulate the strike even more. Thus, the goal of staking 200,000,000 tokens in total has been achieved. This was done in 5 steps. With each step achieved, the token holders received a reward of 5% tokens over the number of tokens staked.

 

How can you strike MTV?

For the MTV strike you first of all need MTV tokens. As mentioned earlier, you can get it on various exchanges such as KuCoin.

In addition, you need a wallet to stake from the tokens here. The strike is done via the MultiVAC site. What are the steps to start staking: Fill your wallet with MTV tokens. It is important that you use a wallet for this and not the address of an exchange. Metamask is very suitable for this. Now you can strike in 2 ways.

1. Send tokens to the staking address. You do this as follows:

• Copy the staking address
• Open your wallet and choose the Send option

metamask

• Enter the staking address.

metamask

• Enter how many tokens you want to send.
• Click send and send the tokens to the staking address.
• Check whether your wallet address is listed with the addresses.

mtv.ac

• Confirm that your tokens are staked.

2. You can also connect your wallet to the site. You do this in the following way:

• Click Connect to Metamask or Connect to WalletConnect.

mtv.ac

• You can then enter how much you want to stake and click on Stake. (if you want to withdraw tokens, click on Withdraw . After launching on the mainnet, your tokens are not tied to staking, so you can always withdraw them.)

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Conclusion

“Let there be light” with these words the story of the robot MultiVAC ended. They are also the first words with which God began the Bible book of Genesis and with which MultiVAC announced its launch. MultiVAC is one of the many projects launched in recent years. But it is also one of the few that has actually added new innovations to the existing blockchain world. With a solid protocol, an innovative team, enough investors and partnerships, the project is seen by various analysts as a good long-term investment (longer than a year).

Although success is never guaranteed in the crypto world, this could be a promising project. In any case, it is one of the projects that we will keep an eye on in our groups on Discord in the near future.

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