MULTIVERSUM — Improved fourth generation blockchain technology | by godel pampam

4 min readMay 24, 2018

MULTIVERSUM — Improved fourth generation blockchain technology

Blockchain technology is rapidly increasing at a very fast pace, last year saw a rise of interest in cryptocurrency and blockchain. The potential of this technology is going to change almost every industry, especially financial industry where security is of great importance. Blockchains are ledgers consisting of information, they are stored in a distributed way and all the information stocked in a ledger is encrypted which make the information very hard to hack. Considering the opportunities which give us blockchain you would think that currently each and every company, organization or ordinary developer uses this technology. This is an introduction to a great project.

About Multiversum

Multiversum delivered the fourth generation blockchain. Multiversum is the latest technology platform. It has created a Multichain Relational Database that forms chains of data able to be used in complex industrial and governmental environments. Public health, finance and the whole economic system are about to join the technologic revolution brought by Blockchain. Multiversum’s main goal is to meet the needs of every market entity that requires high operational security and can improve its productivity with Blockchain technology. With the high security and stability standards, the concept of Blockchain 4.0 real and operative, offering innovative and efficient solutions at trifling costs.

How Multiversum works

Multiversum sees itself as a fourth generation blockchain. The main innovation here is that Multiversum has created not just one blockchain but multiple, This spreads blockchain data across “multiple dimensions”.

This unique system is designed to offer enhanced scalability and flexibility. Multiversum wants to be the ideal blockchain to meet enterprise needs, and to do that, it needs to offer leading security, and flexibility.

The Crypto Relational Database will be an advanced and organized data storage solution that can handle more than just a single data type: it can handle a series of data entities grouped in graphs of complex data structures related to one another.

Another unique feature of Multiversum is the use of Proof of identity, it creates consensus through cryptographic proof of server code.

One distinguished feature worth mentioning on Multiversum is that it’s capable of using ERC20 and ERC23 tokens, allowing coins and tokens from other solutions to be hosted on the Multiversum chain. Multiversum will also have its own native token called MTV.

The following are some of the features of Multiversum

Fast transaction speeds of 0.2 seconds when moving MTV tokens between two wallets
64 core server capable of manaign 64,000 transactions per second
Proof of Integrity (PoI) system that will replace PoW and PoS
Relational database, which is a new kind of blockchain that features different types of data organized into a multidimensional structure
Divisible or splittable chains, where workflow is distributed on available nodes to split the main chain into sub-chains
Interoperability with other blockchains, including the ability to use ERC20 tokens and ERC223 tokens on the network
Multiversum mainnet
Smart contracts
Fully decentralized system
Backup or recovery nodes that function as a global disaster recovery system
Multi-currency wallet
Biometric data access
Low fees
Data sharing
Fraud prevention rollback
Mobile app support

The Multiversum ICO

The Multiversum pre-ICO began on March 1 and will end on March 31, 2018. The main ICO, meanwhile, is scheduled to begin on April 4 and end on June 10, 2018. Multiversum is seeking to raise $65 million USD during its token sale. Each token is priced at a base rate of $1 USD, although bonuses are available throughout the pre-ICO and ICO.

There’s a total supply of 141 million MTV tokens. 76% of the total supply is reserved for the token sale. The remaining tokens are dedicated to the founders and team (15%, locked for 12 months), collaborators (6%), and advisors and partners (3%).