Blockchain technology is widely used in many areas of life. This article will focus on the Multiversum project, a pioneering project for the use of the fourth generation blockchain. But before I delve into that, let's take a quick look at the three stages of blockchain technology evolution that have gone through since 2008.

The first generation of blockchain was designed by Satoshi Nakamoto and created the first Bitcoin cryptocurrency. Signs of the first gene blockchains are that they use the Proof of Work (PoW) algorithm to authenticate transactions. This group includes clones and other branches of Bitcoin such as Bitcoin Cash and Litecoin. The second generation is led by Ethereum and offers smart contracts and can create asset easing. It has become very popular with developers and a platform of choice for the vast majority of ICOs. Other projects in that category are NEO and WAVES. Slow transactions, high network costs and energy consumption have become synonymous with Bitcoin, while CryptoKitties' efforts in December show that Ethereum is far from scalable to ready for production. The third blocking channel is working to address scalability, speed, and energy efficiency issues using methods such as Proof of Stack (PoS) and outbound routing. Projects like Cardano fit into that category.

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.

ABOUT MULTIVERSUM PROJECT

Unlike modern blockchain implementations, unsuitable for complex data binding and representation, Multiversum will provide complex and organized data types in multidimensional structures, similar to relational database. Data sharding, splitting and rejoining will allow for greater scalability and parallelism, along with the unique Proof of Integrity (PoI) authentication algorithm, which will provide excellent speed and energy efficiency will make the PoW become obsolete.

For projects that are hosted on a multi-function blockchain, will be able to enable the rollback option. It will allow undoing undesirable operations without interrupting the trust of the chain, by performing a set of transaction recovery states. To simplify the development of applications, Multiversum will describe SQL-based syntax and will provide advanced libraries for Java and JavaScript.

Citing Je-Gyeong Jo's studies, Jong-Won Seo and Hyung-Woo Lee, the project will consider biometric input support to generate asymmetric cryptographic keys and ensure the authenticity of identity registrant. Combining user and biometric data with SHA-256 will generate a single hash, which can then be used to verify the transfer of money or data in a anonymously way.

WHY CHOOSE MULTIVERSUM BLOCKCHAIN 4.0?

• Relational blockchain: A new type of blockchain features multiple data types, relationships in a multidimensional structure.
• Splittable chains: Optimize resources between nodes because of the chain is capable of dividing.
• Transaction speed: In less than 0.2 seconds, the funds will be transferred to the wallet (electronic wallet), including transaction security validation. Belong to the fastest type in the world.
• Transaction throughtout: Best scalability: Up to 64000 Tps (1000 Tps / core) on a server with up to 64 cores.
• Proof of integrity: PoS (Proof of Stake) will be replaced by PoI (Proof of Integrity).
• Next generation wallet: A leader in securing access to and transferring funds with biometric data.
• Eco-friendly: A Multiversum transaction will have insignifcant costs and next to zero environmental footprint.
• Rollback: Rollback options can be enabled through the Multiversum Token (backing up the database to the old state for data recovery purposes).
• Recovery nodes physical servers allocation: MTV nodes are distributed around the world for the purpose of stabilizing and recovering if global incidents occur.

WHO BEHIND THE PROJECT?

The team behind Altair VR project can be considered an advantage for the project. The team is relatively big compared to other startups and ICO projects and consists of experienced and skilled people. There are photos and LinkedIn accounts provided next to the members to prove that they are real people, as many suspicious projects refuse to showcase their members. Apart from developers, who take care of technical side of the project and developing the sole platform, there are people responsible for maintaining the contact with the community and potential investors, while the whole advertising side and marketing strategy is also in good hands. The following is the information of some key members. The rest of you can see more details at their official website:

Founder

Development team

Business & marketing operations

Advisors

ICO INFORMATION

Total supply: 141 million MTV
Token symbol: MTV
Price: 1 eMTV = 1 USD
Softcap: $5 million (if the soft-cap will not be reached during pre-ICO and ICO, the funds will be returned)
Hardcap: $35 million (once the hard-cap is reached, the donations will be halted)
Bounty: 1st & 2nd week +20%, 3rd & 4th week +15%, 5th & 6th week +10%
1% of funds raised will be donated to charitable organizations.

CONCLUSION

If you are seeking a promising ICO for investment purpose then you can participate in the Multiversum ICO. The project is very well prepared from the technical and business side, with very extensive and transparent whitepapers and roadmap. Multiversum will sort the data into a "multidimensional structure" important to create an ideal organizational system for businesses, businesses, banks and other users seeking to implement a series of blocks to used for business. Blockchain technologies are becoming more and more popular, it was integrated into many different areas.This shows that this project is very potential. I hope that the project will continue to grow, wish the project succeed!

USEFULL LINKS

Website: https://www.multiversum.io/
Whitepaper: https://www.multiversum.io/whitepaper/WP_English.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2955830.0
Facebook: https://www.facebook.com/MultiversumBlockchain/
Telegram: https://t.me/MultiversumOfficial
Twitter: https://twitter.com/MultiversumBC
Medium: https://medium.com/multiversumbc
LinkedIn: https://www.linkedin.com/company/multiversum-blockchain/
Instagram: https://www.instagram.com/multiversumblockchain/
Reddit: https://www.reddit.com/user/MultiversumBC/
VK: https://vk.com/multiversumblockchain
Author:
Bitcointalk username: kld_hp
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1014734