Project Moac blockchain, know a little about this project !!
By: Maximiliano Aquino
Tags: Blockchain, Moac Token, Airdrop Moac, Blockchain Moac, Moac Ico

MOAC — Mother of All Chains!!

MOAC, is scalable and resilient Blockchain that supports transactions, data access, control flow in a layered structure. It creates the framework to allow users to execute Smart Contract in an efficient way.

Through Blockchain MOAC, it is also allowed to create sub-blockchains, it is a Blockchain platform with necessary plumbing parts available to sub blockchains, providing solution for idea test, private chain deployment, complex task processing, decentralized applications etc.

Get to know more about MOAC.

MOAC offers many services for people who want to use the blockchain technology for business. MOAC has a layered configuration structure, asynchronous contract calls and it uses sharding solutions.

MOAC will make pluggable validation schemes and create a wider participation in the validation process of the blockchain for different users.

MOAC will also make it easy to deploy sub blockchains and intend to offer easy solutions for small companies that want to create sub blockchains by themselves.

ICO Moac !!

The crowdsale of MOAC happened in June 2017. There are total 75,000,000 MOAC used in the ICO. Total 56,483,386 MOAC was sold during the ICO time and the rest is held in private investors.

MOAC tokens can also be mined, so mining is a viable alternative if you want to have the tokens. At first, you will be rewarded with 2 MOAC tokens per block, but that number will be halved every time 12,500,000 MOAC tokens have already been extracted.

Team behind the MOAC project !!

The team behind the MOAC project, with members with a lot of experience in the blockchain business and its architectures, are: ZHOU CHA, vast experience in blockchain and silicon valley — 20 years; CHEN XIAOHU and YANG XINLE, both also with much experience when the subject is blockchain and its architecture.

But, what does MOAC mean? Let's explain then. MOAC(mc) is the name of the currency used within MOAC network, just like ether within Ethereum. It is used to pay for computation within the EVM and run MicroChains. This is done indirectly by purchasing gas for mc as explained in Gas and mc

MOAC supply

Getting mc

Please see this page here.

Sending mc

The MOAC Wallet supports sending mc via a graphical interface.

MOAC can also be transferred using the MOAC console.

> var sender = mc.accounts[0];

> var des = mc.accounts[1];

> var amount = chain3.toSha(0.01, "mc")

> mc.sendTransaction({from:sender, to:des, value: amount})

MOAC network, like Ethereum, use mc as a cryptofuel, commonly referred to as “gas”. Beyond transaction fees, gas is a central part of every network request and requires the sender to pay for the computing resources consumed. The gas cost is dynamically calculated, based on the volume and complexity of the request and multiplied by the current gas price. Its value as a cryptofuel has the effect of increasing the stability and long-term demand for mc and MOAC as a whole.

Gas and mc

Gas is supposed to be the constant cost of network resources/utilisation. You want the real cost of sending a transaction to always be the same, so you can’t really expect Gas to be issued, currencies in general are volatile.

So instead, we issue mc whose value is supposed to vary, but also implement a Gas Price in terms of MOAC. If the price of mc goes up, the Gas Price in terms of mc should go down to keep the real cost of Gas the same.

Gas has multiple associated terms with it: Gas Prices, Gas Cost, Gas Limit, and Gas Fees. The principle behind Gas is to have a stable value for how much a transaction or computation costs on the Ethereum network.