Multiversum: The 4th Generation Model of Blockchain Technology

ashadiya (39)in #blockchain • 7 years ago

In this era of advanced technology, make our daily life is close to the cryptocurrency and the blockchain technology. And four stage generation have been made to introducing blockchain technology in our daily life. On the first and the second generation of blockchain technology, we still can meet some basic problem that needs to be solved, the low energy efficiency, medium-low block validation speed and transactions per block.

And although the third generation of blockchain has been developed, still there is a need to invented the new model generation of blockchain that will be completing the older model generation of the blockchain.

Introducing Multiversum

Like what has been said before, that there is a need for inventing the new model generation of the blockchain. And this fourth generation of blockchain should be going far beyond those three predecessors.

The fourth generation of blockchain should can be achieved faster and more scalable solutions and be trying but at the same time also, should become competitive from the 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).

And this is where the Multiversum will take a part. The company of Multiversum is introducing this platform to be the 4th generation of the relational blockchain. Multiversum giving the users the complex data structures and organization instead of data sequencing, chain splitting and rejoining to allowing the users to get the greater scalability and parallelism, and the concept of Proof of Integrity validation instead of existing Proof of Work or Proof of Stake Solutions.

Multiversum Smart Contract and Infrastructure

Like the other platform in crypto and blockchain world, the role of Smart Contract is very important. And Multiversum also believes in this importance of proposing improved Smart Contract to the public, but in the process, the company of Multiversum has not decided to explore this possibility.

Therefore, the company of Multiversum is introducing the technology of Open Sources solutions that fits with the ecosystem of Multiversum itself, to be implemented as a reference according to with its licensing model. Besides that, Multiversum infrastructure also important to describe. The infrastructure of Multiversum is designed to increase the resilience and reachability for all users.

And these objective has been achieved developing node clusters that are able to self-select their members to specific roles, according to each node technical specs among the computation capacity, memory capacity, reciprocal latency, chain data completeness, machine reliability, machine reliability, and doubts on proof of integrity.

The Multiversum Coin

In Multiversum, the standard implementation is used by the Multiversum coin or can be known as Versum coins, the chainable entities that coexist on the chain will belong to the Multiversum four tables : Users, Wallet, Wallet State, and the Transactions.

And furthermore, the Multiversum will featuring ERC20 or ERC23 integration, that give the chance to another token from other solutions to be hosted inside the Multiversum chain and vice versa, of course with notary services as an external confirmation method.