MultiVAC

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Discover MultiVAC's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is MultiVAC?

MultiVAC (MTV) is a next-generation public blockchain designed for large-scale and complex distributed applications. It pioneers a flexible approach to the CAP Trilemma, offering high-throughput and scalability through trusted sharding technology. This allows for unlimited and sustainable scalability, making it suitable for industrial-scale decentralized applications.

How is MultiVAC used?

MultiVAC (MTV) is a next-generation high-performance public blockchain designed for industrial-scale decentralized applications. It utilizes trusted sharding technology to achieve unlimited and sustainable scalability, making it suitable for large-scale applications. The blockchain allows for flexible computation, separating transactions and smart contracts/computation, enabling developers to decide on the tradeoff between consistency, availability, and partition tolerance. This flexibility makes it ideal for complex business logic on its application layer.

MultiVAC's high-throughput capabilities and low fees make it suitable for microtransactions. The blockchain supports file storage and retrieval based on both Hash and Merkle Roots, providing a robust and decentralized storage system. It also includes a VRF sharded storage mechanism, similar to Bitcoin light nodes, where nodes store block header information and maintain full transaction input and output in distributed storage.

Developers are building software on MultiVAC, and the ecosystem is growing. For example, the AsimovHub project has already provided software that uses MultiVAC, even before the implementation of smart contracts. The blockchain's scalability and low fees make it promising for various use cases, including microtransactions.

In summary, MultiVAC is used for industrial-scale decentralized applications, offering high-throughput, flexible computation, and robust storage capabilities, making it suitable for complex business logic and microtransactions.

How do I store MultiVAC?

To store MultiVAC (MTV) tokens, you can use a variety of methods:

  1. Ledger Live: Open Ledger Live and navigate to "My Ledger." Ensure you have allowed access to "My Ledger" by pressing both buttons on your Ledger device simultaneously.

  2. MetaMask Wallet: You can also store MTV tokens in your MetaMask wallet. To do this, you need to add the MultiVAC ETH contract address to your MetaMask under the Ethereum RPC. This will allow you to view your ERC-20 MTV tokens in your wallet.

  3. TrustWallet: Another option is to use TrustWallet. You can send your MTV tokens to your TrustWallet and then import your TrustWallet seed to MetaMask if needed.

  1. Other Wallets: Additionally, you can use other wallets that support MTV tokens, such as WalletConnect.

It is essential to ensure that you have the correct RPC settings and contract addresses to view and manage your MTV tokens effectively.

How to buy MultiVAC?

To buy MultiVAC (MTV) tokens, you can follow these steps:

Buying on Centralized Exchanges (CEX)
  1. Register and Verify: Create an account on a CEX like MEXC, and complete the Know Your Customer (KYC) process to secure your account.
  2. Buy USDT or BTC: Use fiat to purchase USDT, ETH, or BNB on the CEX. You can use services like Simplex, Banxa, or Mercuryo for this step.
  3. Transfer to MTV-Supporting CEX: If the CEX you used does not support MTV trading, transfer your USDT, ETH, or BNB to a CEX that does, such as MEXC.
  4. Buy MTV: Use your transferred funds to buy MTV in the spot market.
Buying on Decentralized Exchanges (DEX)
  1. Choose a DEX: Select a DEX like Pancakeswap or Uniswap, depending on the blockchain it operates on (e.g., Binance Smart Chain or Ethereum).
  2. Get the Required Cryptocurrency: Buy the mainnet cryptocurrency (e.g., BNB or ETH) using fiat, and transfer it to your wallet.
  3. Connect to the DEX: Connect your wallet to the DEX, and select the trading pair (e.g., BNB to MTV).
  4. Swap for MTV: Execute the swap to obtain MTV tokens.
Additional Steps
  • Store MTV: You can store your MTV tokens in your exchange wallet, a cold wallet, or a hot wallet like Trust Wallet.
  • Trade or Stake: Trade your MTV tokens for other cryptocurrencies or stake them to earn rewards.

Remember to follow the specific instructions for each exchange and wallet you use, as the processes may vary.

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History of MultiVAC

MultiVAC (MTV) is a public blockchain platform designed for industrial-scale decentralized applications. It was named after the supercomputer in Isaac Asimov’s book "The Last Question," symbolizing its evolution into a powerful entity beyond space and time.

MultiVAC is known for its innovative flexible computing framework, which allows developers to trade off between the blockchain trilemma. This framework includes features such as high scalability through all-dimensional sharding, linear expansion for higher performance, and fair node operation, enabling anyone to participate without competition.

The platform aims to provide a novel approach to the CAP trilemma, offering a trusted sharding technology that allows for unlimited and sustainable scalability. This technology has earned it the nickname "Sharding Killer" in the community.

MultiVAC has a total supply of 10 billion tokens and a circulating supply of approximately 3.59 billion tokens. It can be traded on decentralized exchanges (DEX) using web3 wallets, although additional fees apply.

The current market capitalization of MultiVAC is around $5.42 million, ranking it 1750 among all known cryptocurrency assets based on relative market cap. Despite its relatively low market cap, MultiVAC continues to innovate and push the boundaries of blockchain technology.

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How MultiVAC works

MultiVAC (MTV) is a next-generation public blockchain designed to achieve high throughput and flexibility for decentralized applications (DApps). It tackles the famous blockchain trilemma of decentralization, security, and scalability by using a unique sharding technology that allows for unlimited and sustainable expansion.

Token and Ecosystem

The MTV token is an essential component of the MultiVAC ecosystem. It is used to pay for computing and storage resources within the network. Initially, tokens were distributed through private sales and public offers, with allocations for the development team, advisers, early investors, marketing, ecosystem development, and research.

Staking and Governance

MultiVAC employs staking as an incentive mechanism. Users can stake their MTV tokens to help secure and administer the network, earning rewards in return. This staking method encourages token holding, which can reduce market volatility and increase the token’s scarcity over time. Additionally, token holders can participate in governance by voting on key decisions, contributing to the democratic ethos of blockchain technology.

Key Features
  • All-Dimensional Sharding: This technology allows for high transaction processing speeds and infinite expansion, making it suitable for large-scale DApps.
  • Blockchain Trilemma Flexibility: MultiVAC balances decentralization, security, and scalability to create a robust and efficient blockchain.
Acquiring and Using MTV

To acquire MTV, users can choose a cryptocurrency exchange that supports the token, register an account, deposit funds, and purchase MTV. It is essential to store the tokens safely and consider staking options to participate in network validation and earn rewards.

Community and Development

MultiVAC aims to build a trustworthy and honest community by empowering large-scale DApps. The project has a skilled team with experience in the tech sphere, which contributes to its development and growth.

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MultiVAC's strengths

The token MultiVAC (MTV) has several strengths that make it a promising investment opportunity:

  1. High Scalability: MultiVAC's all-dimensional sharding technology allows it to achieve high throughput and scalability, making it suitable for large-scale decentralized applications. This technology is known as the "Sharding Killer" in the community, and it can process over 30,000 transactions per second (TPS) with 64 shards.

  2. Flexible Computing Framework: MultiVAC offers a flexible computing framework that allows developers to trade off between the blockchain trilemma, which includes decentralization, security, and scalability. This flexibility enables developers to optimize their applications based on their specific needs.

  3. Fair Node Operation: The platform allows anyone to participate in operating nodes without competition, making it accessible to a wide range of users. Nodes can be operated with a laptop or ordinary PC, which helps to maintain decentralization and security.

  1. Unique Solutions: MultiVAC combines all-dimensional sharding and blockchain trilemma flexibility, making it stand out from other blockchain platforms. This unique approach attracts advanced users and developers who value its technical capabilities.

  2. Skilled Team: The team behind MultiVAC consists of experienced professionals from the tech sphere, ensuring that the project is well-developed and maintained.

  3. Compatibility: The native token, MTV, is compatible with Ethereum (ETH) and Binance Smart Chain (BSC) addresses, allowing users to load their ETH or BSC addresses directly onto the MTV Mainnet.

These strengths make MultiVAC an attractive option for investors and developers looking for a high-performance blockchain platform with advanced technical capabilities.

MultiVAC's risks

MultiVAC (MTV) carries several financial risks that investors should be aware of. Firstly, the token is considered a high-risk investment due to its market capitalization, which falls under the "Nano-Cap" category. This means that it is more susceptible to market volatility and may be more prone to significant price fluctuations.

Another risk factor is the token's standard deviation, which is relatively high at 8.2. This indicates that the token's price can vary significantly from its mean, making it more unpredictable and potentially more risky for investors.

Additionally, the token's risk gauge score translates to a high-risk investment, which may deter portfolio managers who prioritize risk assessment. This score suggests that the token is more likely to experience significant price drops or other adverse market events.

Furthermore, the token's market risk premium is an important consideration. This premium represents the additional return an investor can expect from holding MTV in a diversified portfolio. However, this premium is also influenced by the token's alpha and beta measures, which can impact its overall performance and risk profile.

Lastly, the token's tokenomics, including its distribution and supply, can also affect its value. For instance, if the supply is not managed effectively, it may lead to inflationary pressures, negatively impacting the token's value.

Overall, investors should carefully evaluate these financial risks before investing in MultiVAC (MTV) to ensure that they are comfortable with the potential volatility and uncertainty associated with this high-risk investment.

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Did MultiVAC raise funds?

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MultiVAC’s team

  • Shawn Ying: Founder of MultiVAC and NeuroMesh, an eternal believer and continuous contributor to the project.
  • Cathy: Part of the MultiVAC team, actively involved in AI work and promoting the project's vision on social media.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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