MOAC Quick overview

Introduction

MOAC (Mother of All Chains) is known to be the one of the next-generation platforms with unique multi-blockchain architecture. It is a scalable ecosystem with the layered structure to maximize the data access, eases of transaction flow, and elimination of control barriers for other developers.

It has purposed solution which significantly reduces the smart contract cost of existing cryptocurrencies i.e. Bitcoin and Ethereum. This low cost gives an edge to developers for testing and developing their apps without any high-cost jolts. It has its own currency ‘mc’ with ‘gas’ reward the same as on Ethereum platform.

Influencers

MOAC success is attached to its team of experts who are already proved best in blockchain industry. Here are few of them:

• ZHOU SHA – President  https://www.linkedin.com/company/moac-chain/
• Xiaohu Chen– CEO  https://www.linkedin.com/in/xiaohu-chen-b1202ab/
• Xinle Yang – CTO  https://www.linkedin.com/in/xinle-yang-9b1a657/

Technology

MicroChains: Moac uses blockchain sharding and lets other blockchains to connect with each other. Which makes the migration from one ecosystem to other easy and reliable. MOAC’s MicroChains work with PoW (Proof of Work) consensus where miners get incentives for their work.

Advantages

• Low-cost smart contracts
• Ease for developers to migrate from any non-MOAC blockchain
• Improved transactions per second (TPS)
• Event handling system – MotherChain enhanced interoperability
• Scalability
• Subchains support
• Layered structure

Disadvantages

• Top-up required on Monaco Card
• 1% fee is unrealistic for all advantages which are claimed
• Unclear partnership with any bank for Card
• ICO

Whitepaper

The official white paper has listed all section which is quite similar to tokenCard but most of the parts are not exactly explained with certain details. One interesting part of the paper “the layered architecture” is must to read which is core part of this project.

https://www.moac.io/resource_Whitepaper.html

Real examples of use

MOAC has developed an ecosystem; Smart contract as MicroChain (SAAM) and gives DApps friendly platform for developers to develop their apps with any or every use-case they want. SAAM is stable and flexible enough to handle migrated non-moac chains with 100x improved TPS.

Technical Analysis

Asynchronous smart contracts are key to MOAC ecosystem. In general, the platform has two kinds of smart contracts. One is Upper layer smart contracts which define the protocol consensus and enable other nodes to get register for mining pool(s).

The lower layer global smart contract which is MotherChain and explains how multiple MicroChains are going to inter-collaborate with regards of rewarding, control flow, flushing, and punishing.

Fundamental Analysis

MOAC uses blockchain sharding which horizontally makes partitioning of data including different nodes and blockchains. But it is not used by every current blockchain system which let them provide lesser transaction speed because the system has to do partitioning more than once. Sharding is a big plus for MOAC to speed up the transaction duration and lesser processing power.

Security

MOAC team understands that security is a topmost requirement of any crypto project that is why it has been addressed in the very start of the project how they are going to consider security.

To use the best practices team had organized an audit on exiting blockchains and generated a list of vulnerabilities in current solutions. For Moac they have set up a complete review process before each commit to code with OWASP security checks.

Investors

Here is the list of official partners:

• FINWEX https://finwex.com
• Hourschain http://www.hourschain.info
• Colourlinks http://www.szsbay.com/en/