ICO Analysis: MultiVac
MultiVac is a public blockchain designed for applications with unlimited scalability. MultiVAC is based on sharding technology, which allows the use of unlimited and sustainable scalability and offers a new approach to solving the blockchain scalability problem. The platform includes the world’s first model of sharding, based on verified random functions (VRF), and applies it to transactions, computational processes and data storage.
MultiVAC provides flexibility for decentralized applications (dApps) to trade off freely on the impossible CAP triangle between decentralization, performance, and security, supporting large-scale decentralized commercial applications for complex and diverse business requirements. Sharding allows for the creation of a high-speed network for decentralized applications.
MultiVAC is looking to implement the following solutions:
- sharding solution for transactions in smart contracts – allows the network to achieve unlimited scalability
- processing of transactions and updating of the ledger with the use of “trusted shards”
- check and execution of smart contracts by the nodes
MultiVac wants to create shards with a help of a new model of audited verifiable random functions (VRF) to solve scalability and security issues. In this regard, it follows the way of such projects as Ontology and Ziliqua.
The following represents the main key parameters and advantageous of MultiVac:
- High speed. By higher nodes scalability, MultiVAC can achieve speeds of 10,000 transactions per second. This allows to fully meet the needs of large-scale applications.
- Flexible computing. MultiVAC separates transactions and smart contracts/calculations and provides additional applications for creating their own infrastructure of performance and level of decentralization.
- Infinite growth. The platform provides an economic model and an efficient free market in which all nodes can benefit from the blockchain technology. This could potentially lead to an apparent increase in platform popularity and a global network effect.
The MultiVac ecosystem is described below:
The proposed MTV token will have a transactional value inside the system. It will serve as an incentive for nodes. Token metrics are not yet available for the project.
Below is a rundown of the key members of the Multivac team.
Frank Lyu, Founder
- Technical director and data engineering expert at Meituan-Dianping
- Co-founder and CTO of Xinrenxinshi.com, the leading HR SaaS start-up in China with investment from Sequoia Capital.
Claire Wang, Founder
- Marketing director of Xinrenxinshi.com
- Co-founder of Julive.com which is best new-media and community brand in the Chinese vertical field of human resources, covering more than one million HR professionals.
Ying Xiang, CTO
- PhD in Computational Sciences of Nanyang Technological University
- expert in parallel algorithms and general purpose calculations
- Author of over 20 papers in leading publications such as SIGGRAPH
Tong Xiao, researcher
- PhD in statistics at Harvard University
- researcher specializing in probability, machine learning and big data
- engaged in research and development of quantitative trading strategies in leading hedge funds
Li Ge, researcher
- PhD in Mathematics at the University of Sydney
- expert in group theory and cryptography
- is a quantitative strategist at leading international hedge funds
Some notable advisors are listed below.
- Cofounder of Meituan
- Founder of Renren, Fanfou, Haineiwang
- Serial blockchain investor
- Founder of NGC venture fund
- Advisor for various projects such as: Bluzelle, SelfKey, TheKey, Tomocoin, Ochain, Tomocoin
- senior research associate at IBM Core at Fabric
- early developer at blockchain
- led development of several platforms
Investors and Partners
We see quite a lot of traditional and crypto funds in the project. This makes it possible to talk about high expectations among professional investors about the project in general.
A public blockchain focused on enterprises. Could be a good fit into blockchain portfolio for long-term.
- Token metrics are not disclosed yet -1
- like the fact that each user can adjust his blockchain parameters related to scalability and security in relation to his transaction type +1
- target customers – corporate clients – which with conjunction with good marketing strategy can allow getting quite a lot of high-end users for the network which can increase its value +2
- Strong community and high rating form influencers +1
- the all-star team, well complected with various backgrounds, serious advisors and well-known VCs on board +2
- MVP is there +2
It is hard to tell whether the project will have an ICO at this point or they will finalize their fundraising efforts with private sale round. Despite the bad market, the project has a good long-term potential. 7 out of 10.
- Type: Utility
- Symbol: MTV
- Platform: ERC-20/native
- Crowdsale: TBA
- Minimum Investment: TBA
- Price: $0.0095
- Hard Cap: 19 million USD
- Payments Accepted: TBA
- Restrictions Barred from Participating: TBA
Telegram chat link: https://t.me/MTVCommunity
Telegram announcement channel link: https://t.me/MultiVACMTV
Featured image courtesy of Shutterstock.