An introduction to Blockchain Technology

Blockchain technology is a decentralized technology that is managed by its own network, therefore, there isn't one central authority. The idea of the blockchain was hypothesised by Satoshi Nakamoto, they then went on to create Bitcoin.

The blockchain allows one to request a transaction without going through a bank or centralized service. The transaction is broadcasted to the network and which is powered by computers (nodes). These nodes then validate the transaction by using complex algorithms. When the transaction is fully verified it is then considered to be complete. A new block is then added to the blockchain and this cannot be altered, it is visible to all members of the network.

Not all transactions on a blockchain have to contain cryptocurrency they can also include contracts, records and lots of different information.

Due to the popularity of blockchain technology in recent years there are now well over 100 different recognised blockchains. There is a list on the BitcoinWiki that contains the majority of living blockchain projects: https://en.bitcoinwiki.org/wiki/Blockchain_Projects_List

Some of the most popular blockchains are Bitcoin, Ethereum, EOS, Stellar, Neo, IOTA, NEM, QTUM, Lisk and Cardano. These blockchains have the highest numbers of transactions and also hold a lot of different assets on their networks.

MOAC's Blockchain

I wrote another article 3 weeks ago: https://coins.newbium.com/post/20661-moac-s-scalable-secure-and-decentralized-blockcha that goes into a lot of detail explaining how the MOAC blockchain will be able to scale and how it can operate in a more efficient manner than existing blockchains such as Ethereum, EOS and many others.

Today I want to give a more overall summary of the MOAC blockchain to help people understand more about what it can offer to institutions, developers and users.

The MOAC blockchain consists of many different features, it uses sharding to process transactions efficiently by dividing nodes into smaller concentrated groups and focusing on smaller batches of transactions in each node group.

MOAC also uses microchains to help with scaling, microchains are different to sidechains and actually provide more protection to users. This is because the microchains work as one with the main chain and therefore individual attacks to microchains will not affect the whole network.

Another interesting feature is that the MOAC chain is interoperable with other blockchains, otherwise known as cross-chain capable. Users will be able to request Bitcoin-ETH transactions and this will combine all blockchain communities and help encourage more growth and usage of MOAC. There will be no hard forks and this means none of the devs or miners get split, like we have seen with Bitcoin & BitcoinCash.

MOAC's DApps & Strategic Partnerships

The MOAC project started in January 2017 and one of their primary goals was to try and get 100+ DApps live by January 2019 and to then have at least 500 DApps live by June 2019. It's an ambitious goal but also a very bold statement it shows MOAC's intent to develop their blockchain and to gather as many DApps as possible to help increase adoption of blockchain technology.

They have made a great start in signing up new DApps to use the MOAC blockchain and in June 2018 the team announced that they have 20 DApps live already on the chain.

Since June MOAC have officially announced 15 new strategic partnerships, that is nearly 2 per week. Some of the companies included in new strategic partnership agreements are companies like Green Finance Chain, Bookmark Shopping Platform, Healthy Cell Chain, Smart Car Travel Chain, Colour Links and Share Dream Space.

This is massive news and its what the MOAC team have been aiming to do all along, there have also been lots of new development announcements which is extremely exciting as MOAC is progressing extremely well at a fantastic pace. They are living to up to their expectations and I'm excited to see what the future holds for their company.

MOAC are currently running an airdrop and there are $300,000 worth of MOAC tokens available, sign up here to join: https://www.candydrop.io/site/signup?project=moac&invitation_code=d58a3b934b78

MOAC Links

Website: https://www.moac.io/

Github: https://github.com/MOACChain/moac-core

Twitter: https://twitter.com/moac_io

Telegram: https://t.me/moacblockchain

Medium: https://medium.com/@moac_io

Facebook: https://www.facebook.com/moacchain/

Telegram China: https://t.me/moacchina

Reddit: https://www.reddit.com/r/MOAC/

LinkedIn: https://www.linkedin.com/company/moac-chain/

