Multiversum(MTV)-The Next Generation Blockchain


Have you known about a next generation blockchain system? This is about it. Every invention has its own fault. For example, a vehicle can take you quickly and comfortably from one point to another, but it also gives you a ton of emissions into the atmosphere. With Blockchain, the disadvantages are excessive computing power, unacceptable pollution, high transaction costs and slowness compared to current technological developments. The weakness is mainly due to the lack of horizontal extensibility. This means that instead of adding more processors to increase computing capacity, we are replacing it with a faster version. Another reason for this delay is Blockchain’s current security mechanism. Another problem with Blockchain today is the lack of homogeneity. So many crypto currencies. All these resources work and live in their own world and can not communicate with each other. To pacify all these problems, ICM Multiversum has offered its own Blockchain, which announces the fourth Blockchain technology.
Main Features
Multiversum today offers an innovative solution for a serious problem with Blockchain. These functions make Multiversum different from the current Blockchain. They are the following:
Main Thing-The Speed
The main strength of this technology is speed. This is achieved through parallel transactions and the ability to divide and join the chain. This improves horizontal scalability by adding more processing power to the existing one.
When the transaction level is very high, the lines are separated and different transactions are executed in parallel on each line. As soon as the charge in the chain decreases, the chain recombines to form the original chain. This reduces the transaction load per chain and increases the transaction speed.
Rollback
Multiversum allows users to return to their previous state to fix unwanted operations. Users can restore the original state without violating the trust of the entire verification chain. This is done by applying a set of recovery states.
Freeze the Wallet
Users can freeze their wallets if there are suspicious actions. The applications created on this platform will also have this feature. Integration of biometric data as a seed for electronic signatures: Multiversum will use the user’s biometric data as an asymmetric source of a cryptographic key to guarantee the authenticity of the signer’s identity.
Interface ERC23
Multiversum will use the ERC23 protocol (progression in the ERC20 standard) to develop its own version of the parts. The ERC23 standard can be used with other channels, as they are compatible with the ERC20 standard. It also proposes to integrate the original and external patented ERC20 / ERC23 insensitivity adapter, which will allow the use of all the inputs and outputs of its parts from other channels and also provide the flow of other parts of other circuits to its own circuit.
Proof of Integrity
Multiversum offers integrity testing to combat the damage caused by the work test and an incorrect reason. This transaction is checked by combining a random auction with a hash calculated by the external component of the software. This procedure requires very little energy and, therefore, leaves a minimum carbon footprint.
Reciprocal chain confirmed
Multiversum will be able to integrate components of external chains and will be able to store other chain states, which in turn will provide additional verification and confidence. The above functions are very different from the existing Blockchain technology and, therefore, Multiversum declares that it is the next generation of Blockchain technology. Smart contracts are not yet possible on this platform. However, work is being done to incorporate them.
Moreover-Multiversum(MTV)
Multiversum is a new, “external”, fourth generation network. It has no problem with scalability, the transaction time is 0.2 seconds, because each node forms its own chain, which is limited by the side chain to other nodes. The multidimensional structure does not require a complex verification. Therefore, in the chain block 4.0 there is no PoW algorithm, “to devour electricity” or to give miners a benefit with large PoS deposits. In the “new world” of Multiversum, miners benefit from a reputation in PoI, complex, multicomponent and complex mechanisms that depend on user activity and user participation in network development. Multiversum is an open universal center where it is possible to “link” existing block chains with different data formats, both financial (like bitcoin) and information (multiple files). Multiversum: reliable protection of fingerprints and block identifiers related to biometrics. Forever forgotten phrases about complicated seeds, freeze wallets, secret keys. Unique cell phones and “genetic models” will manage transactions and balance When you work on the Multiversum platform, you do not have to worry about translation errors, you can overwrite the information in the 4.0 chain block and repay the funds. Networks can withstand the consequences of any attack, even from quantum computers: on different continents, in secret locations on the server, making permanent backups. The reliability of a copy of Blockchain 4.0, a unique integrity algorithm at the control point, is verified. Users can create an unlimited number of blocks and parallel interconnections, so the ICO Multiversum is the “Big Bang” that produces criptoresource. In your wallet you can exchange data, exchange data. Unlike current block implementations that are not suitable for complex interfaces and data representation, Multiversum will offer complex and organizational data types in multidimensional structures such as relational databases. Data exchange, circuit exchange and reconnection will increase scalability and concurrency along with Proof of intergrity, the validation algorithms that provide exceptional speed and energy efficiency and make the PoW obsolete. For projects located in the Multiversum block chain, it will include an additional restitution function. This will allow you to undo the unwanted transactions without violating the trust in the chain by applying several transaction recovery states. To simplify application development, Multiversum will show SQL-based syntax and offer high-quality libraries for Java and JavaScript.
The Conclusion
Multiversum claims that the transaction speed is 0.2 seconds (including verification) and unlimited scalability: its performance will reach up to 1,000 TPS per core, so the 64-core server can perform up to 64,000 TPS. The idea of the Multiversum project is to combat the current deficiencies in Blockchain. They have a pretty interesting idea about what is needed to advance Blockchain. This project is very ambitious and, if properly implemented, will contribute to most of the Blockchain implementation in the modern world.
For more information, please visit links below
AUTHOR
Bitcointalk Username: anja96

Comments

Post a Comment

Popular posts from this blog

TOKEN INFORMATION DATABLOC

Image
Blockchain innovation with its remarkable highlights and particularly appropriated information the board, taking care of issues of trust – is changing the essence of numerous zones on the planet. In a computerized economy, merchants and purchasers can be specifically associated without the need of a middle person. In this manner, the exchanges are done rapidly and the exchange costs are decreased fundamentally. That is actually what blockchain innovation is changing the world Alongside blockchain, electronic cash is additionally developing as a benefit that financial specialists wherever around the globe favor. In spite of the fact that authorities around the globe are careful about this sort of benefit, and numerous nations presently can’t seem to think of an unmistakable legitimate structure for electronic cash, In one day of electronic cash still achieved billions of dollars. This volume won’t stop there when the world has in excess of 170 electronic trade exchanging stage w...
Read more

Background аnd mаrkеt оvеrviеw

Image
The volume оf thе world rеtаil market in 2016 wаѕ $ 22.049 trilliоn, in 2017 it wаѕ $ 24.445 trilliоn, in 2020 — $ 27.726 trillion2. At thе ѕаmе time, thе ѕhаrе оf е-соmmеrсе in these sales tоdау is оnlу 10% оf these vаluеѕ. And today there are a lоt оf blockchain рrоjесtѕ that allow уоu tо pay fоr goods in оnlinе ѕtоrеѕ: Cоinѕnар, CоinGаtе, Blockonomics, BitPay, Cоinbаѕе and mаnу оthеrѕ. On the Internet, there аrе liѕtѕ оf ѕhорѕ that already ассерt сrурtосurrеnсу (fоr еxаmрlе, hеrе), аnd their numbеr iѕ соnѕtаntlу inсrеаѕing. Thе grоwth in the number оf е-соmmеrсе projects is lоgiсаl. Thеrе аrе рrоjесtѕ that intеgrаtе thе elements оf lоуаltу, рrоmоtiоn аnd саѕhbасk whеn you аrе mаking shopping in retail ѕtоrеѕ: LоуаltуX, Sеlfрау. Asia, Mеtаl аnd others. Thеrе аrе рrоjесtѕ thаt allow уоu to uѕе уоur own сrурtосurrеnсу tо рау for gооdѕ in partner ѕtоrеѕ, fоr еxаmрlе: LоуаlCоin, LоуаltуX, Points Loyalty Wаllеt and others. Alѕо, bаnk саrdѕ арреаrеd that аllоw уоu to use bitcoin-walle...
Read more

BEVERAGE.CASH

Image
The main decentralized inventive arrangement in which the genuine economy and the cryptographic money world blended. Beginning from the drink advertise, Beverage Cash means to make a biological community that will end up being the standard for the combination of the genuine economy and the digital currency world. The principle issue of digital currency is their coordination into the genuine economy. The insurgency has just happened, and the cryptographic money economy is progressively being brought into regular day to day existence, however the issue remains: the volume of advanced monetary forms aggregated in the market currently sums to several billions of dollars, yet there is as yet an exceptionally restricted probability of utilizing them as installment for merchandise and enterprises. To take care of this issue, a decentralized stage was made to exchange product tokens, 100% anchored mixed refreshments. Advantages OF BEVERAGE CASH THAT’S INCLUDING THE PLATFORM Natural ...
Read more