Multiversum ICO details
Start Date: 2018-5-1
End date: 2018-6-10
- Category: Big Data, Cryptocurrency, Infrastructure, Platform, Smart Contract, Software
- Token: eMTV
- Platform: Ethereum
- Type: ERC20
- Initial price: 1 eMTV = 1 USD
- Bonus: pre-ICO 01-03-2018 to 31-03-2018 Donation Token value with bonus 35% 1 ETH 850 1147,5 1 BTC 9500 12825 1 BCH 1100 1485 1 LTC 170 229,5 1 ETC 22 29,7 1 DASH 450 607,5
- Accepting: BTC Dash ETH LTC
- Soft cap: 5,000,000 USD
- Hard cap: 35,000,000 USD
- Site: Multiversum site
- Twitter: https://twitter.com/MultiversumBC
- Facebook: https://www.facebook.com/MultiversumBlockchain/
- Github: https://github.com/MultiversumBlockchain/
- Reddit: https://www.reddit.com/user/MultiversumBC/
- Bitcointalk: https://bitcointalk.org/index.php?topic=2955830.0
- Medium: https://medium.com/multiversumbc
- Telegram: https://t.me/MultiversumOfficial
Multiversum – Multiversum is a Relational Blockchain as a Service for Crypto-Relational Database.
Multiversum Identity and Mission
The pioneer of cryptocurrencies, Bitcoin, together with all its various clones and forks based on Proof of Work algorithm for transaction validation, are considered first-generation blockchains.
The second generation, with Ethereum leading the charge of smart-contracts-enabled blockchains, is instead more heterogeneous, allowing easy tokenization of assets. Both architectures have extremely low energy efficiency and medium-low block validation speed and transactions per block. Solving the scalability, speed, and energy consumption issues is the goal of third-generation blockchain solutions, using different approaches and techniques like Proof of Stake validation algorithm, off-chain routing, graph-chains, and complete or partial centralization.
The fourth generation is going far beyond this, achieving faster and more scalable solutions and trying, at the same time, to become competitive from a business perspective; simple chains of data are not flexible enough to fulfill corporate environment needs, in which complex data structures need to be organized in tables (as in relational databases).
At the same time, those structures need to be validated and made immutable with blockchain-based techniques, increasing traceability and security. In other words, fourth generation blockchain brings this technology to a complete primary production application, and expand current business-oriented offer in terms of data storage, application decentralization, auditing, security, reliability.
Multiversum offers complex data organization instead of data sequencing, chain splitting and rejoining to allow for greater scalability and parallelism, and the concept of Proof of Integrity validation (i.e. cryptographic proof of server code) instead of existing Proof of Work or Proof of Stake solutions.
Furthermore, Multiversum will feature ERC20/ERC23 integration, allowing coins and tokens from other solutions to be hosted on our chain and vice-versa, with notary services as an external confirmation method. Meanwhile, together with these innovations, we are certainly going to make use of several good solutions that our colleagues already implemented over time.
Multiversum The 4th Generation Relational Blockchain
Why is Multiversum the 4.0 Blockchain?
Current Blockchain State of the Art
The lead characters of Blockchain phenomenon share a common feature: remarkable safety and reliability. At the same time, we pay for this in terms of huge processing power, unacceptable pollution, high transaction costs and slowness which can hardly represent current technological progress standards, and give a reasonable technical answer to modern financial and commercial use cases. This slowness is caused by the lack of horizontal scalability1, i.e. the increase of computation capacity obtained by merely adding processors instead of replacing them with faster versions. Another cause of this slowness is inherent to its current blockchain safety mechanism, designed to prevent anyone from taking over the majority of the clusters by making it very expensive to achieve in terms of calculation power and/or cost (Proof of Work2 and Proof of Stake3).
Furthermore, current blockchains are simple concatenations of single data entities state changes; reconstructing the actual states of these entities implies a whole chain scan, which causes an even greater system slowdown and resources usage. This simplification makes blockchains inadequate for scientific and industrial purposes, as requirements in terms of data structures can become extremely complex.
Moreover, security measures stop at data level as they don’t ensure user safety, making it impossible to recover lost or stolen coins and tokens even if they are located on the chain, or to block malicious accounts.
At last, another issue is fragmentation and inhomogeneity among cryptocurrencies, that are unable to communicate with each other and live in unrelated universes.
Multiversum and blockchain global adoption
Multiversum technology pushes traditional blockchain beyond its current limits, by enhancing the data layer through self-verifying and distributed structures of organized data entities, related one to another by symbolic links.
This technology set the foundations for a decentralized and distributed system of coherent self-verifying transactions: Multiversum blockchain.
Multiversum allows, instead of the existing blockchain simple data model, the creation of a Relational Crypto Database (an advanced and organized data storage solution) which can handle not just a single data-type, but a series of data grouped in graphs of complex data structures related one another. Relations are now first class citizens of the blockchain and are assured by cryptographic methods.
Each one of them, when a state change is requested, will have its own sub-chain splitting from the original branch, that will rejoin after the operation, in order to be validated.
Therefore Multiversum is an evolved blockchain technology, offering unique features to overcome the previously analyzed inconveniences, with a set a crypto-validation and distribution techniques fit for every environment: Administrative, Industrial, Financial and Governmental.
One of Multiversum main targets is to offer the market, in every moment, the most evolved product available: this will be possible adopting an AGILE4 software development methodology.
AGILE methodology implies a drastic reduction in initial project design involvement, in favor of valorization of experiences encountered during project development, which show opportunities and threats hardly predictable ex ante, rewarding best practices and leaving behind the inadequate ones. AGILE is an established software development standard and urges developers, product owners and investors to consider project scope5 as flexible and readily adaptable to market needs.
Furthermore, in such a rapidly evolving sector as software, releasing a product after six months of study and a year of implementation, when it was conceived to match the market needs of eighteen months before, means offering an obsolete product which gives answers to outdated issues, that have maybe been solved by competitors and lacking of responses to just-created challenges.
AGILE, instead, gives the chance to offer to the market the most innovative product at time of delivery.
Speed and Technology
One of the strengths of this technology is indeed speed, thanks to its ability to run different transactions parallely and the split-rejoin mechanism of our blockchain. These features allow for greater horizontal scalability, and increase processing transactions capacity adding additional computational power to the existing one, making each node count, performance-wise.
Multiversum benefits from two specific features to maximize system efficiency: The main chain is able to optimize its structures by splitting autonomously in multiple subchains, according to requested resources and data streams, parallelizing the work across multiple threads and nodes. This chain-split process is executed until the normalization of work loads, when, still autonomously, the chain will become whole again. All of this is possible because of a technique allowing every block of the chain to validate two different sub-chains from two different incoming links. Data sharding6, i.e. a technique that allows data distribution among multiple nodes. Given an ABC data series and three Cluster nodes, we will have a data distribution as follows:
This subdivision permits higher processing speed of transactions, as data queries will impact only subchain nodes, optimizing each step. Another extremely important feature of our technology is High Availability7: the chance of relying on a cluster type that ensures continuity of services even in case of shutdown of some nodes in the network.
Using the previous example (A, B and C nodes), should C go offline, A and B nodes would still remain completely operative, allowing continuity of service without any kind of data loss as far as 50%+1 of the nodes remain operative. This way, in case of multiple node failure, the cluster will autonomously reorganize data distribution communicating with every node, until complete operational recovery.
Multiversum is also Eco-Friendly: one of our main goals is to lower the computational power needed for cryptographic validation therefore avoiding mining (Proof of Work), a huge waste of power and resources. Instead of this obsolete technique, we are implementing Proof of Integrity, a protocol that performs cryptographic validation by checking the authenticity of the software that resolves every persistence of the transaction.
Multiversum, with its Crypto-Relational Database can easily structure it without limits of data linking.
Every wallet will have a series of states and will be linked to a person (user); each new wallet state change will include two data fields: the previous state, to check for validation. a link to the last transaction (or to the last main chain link) so that the provenience of the new state change link will be known. After the change, the transaction modification will be added and its modified state link will rejoin the main chain.
Therefore, the new transaction will inherit two hashes: one from the state link, one from the previous transaction, and in this way, all operations will validate the previous ones related to the transaction itself.
This advanced solution, able to manage complex data scenarios, will allow people to implement any kind of application on our technology, ensuring worldwide institutional, governmental, financial and industrial diffusion, bringing the whole blockchain universe one step forward.