General information about MTC Blockchain
MTC was implemented through the TRON blockchain platform to provide fair and reliable fantasy sports games through blockchain technology. MTC, issued on the TRON platform, supports a faster, simpler, and safer infrastructure for independent digital asset transactions. It uses the immutability of blockchain to share data and ensure content quality. It can build a network by onboarding other people’s usage patterns as well as through the pretentiousness in the token’s usage stage.
In 2007, Satoshi Nakamoto recognized the dangers of a centralized financial system through the global financial crisis and devised a blockchain technology that enables transactions between individuals. Since the advent of Bitcoin, the world’s first cryptocurrency, in 2009, a number of cryptocurrencies have been in circulation. Bitcoin is an example applied to money and finance. The cryptocurrency enables transactions between network participants without a notarized transaction intermediary based on the values of decentralization pursued by blockchain. Blockchain refers to a digital ledger in which transaction information occurring in a network is encrypted and shared among network participants. Forgery of information can be prevented by verifying validity in the process of linking blocks, which are information storage units, in the order in which they were created. If any one transaction information composing a block is changed, because it has the characteristic of causing a change in the hash value of the entire block chain, it maintains information integrity by making it impossible for a node to arbitrarily manipulate information. Blockchain can be used in various fields that require reliability including cargo tracking system, P2P lending, tracking the entire process from origin to distribution, authenticity of art works, combating counterfeiting, electronic voting, electronic citizenship issuance, vehicle sharing, and managing medical records shared between hospitals, as well as electronic payment and digital authentication. Complete information sharing through the P2P network disables external hacking attempts aimed at specific nodes and prepares for the risk of a “single point of failure” which causes the entire system to be disrupted.
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