MultiVAC Bi-Weekly Report 24th: MultiVAC Testnet 2.0 “Enigma” Official Launch with a Million-Bounty Mining Plan

MultiVAC
MultiVAC
Jun 17 · 6 min read

Welcome to MultiVAC’s Bi-Weekly Project Report for the past two weeks. If you have any questions or suggestions, please feel free to send your feedback to .


Development Progress

Mainnet

  1. Optimized miner node synchronization logic to improve synchronization efficiency;
  2. Solved the memory usage problem when the client message cache;
  3. Optimized the mining client part code to solve network traffic problems;
  4. Optimized network topology and improve p2p network stability;

Testnet 2.0

  1. The testnet 2.0 “Enigma” was officially released, and the dynamic re-sharding function was launched.
  2. The browser adds a “network” page to display data such as the current number of miners and reward.
  3. The function of cloud mining, joint mining, and other functions has been released, and everyone can participate in mining;
  4. Increase the sharding design of UTXO;

Smart contracts

  1. Prepared for smart contract development and adjust the existing code structure.

MultiVAC Mining Data Sharing (As of June 16)

Total deposit: 61,972,473.38 MTV
Total number of nodes: 603
Total reward: 3,758,420 MTV
The average earnings per miner: 24,247MTV.
The average daily rate of return:0.98%.
The current daily rate of return: 0.56%

The top 5 earnings:
№1 353,466 MTV (total deposit 3.58 million)
№2 297,605 MTV (total deposit 3.64 million)
№3 153,510 MTV (total deposit 6 million)
№4 138,783 MTV (total deposit 1.53 million)
№5 137,849 MTV (total deposit 5.85 million)

Query reward:
Query reward ranking:
Deposit address: 0x7F7EBDBf85028Bb6Cd8fb078f5aD89Dd162868c6


Community Progress

On June 5, 2019, the public chain project MultiVAC officially released the testnet 2.0 and simultaneously launched three mining modes of “self-mining”, “cloud mining” and “joint mining”, which greatly reduced the mining thresholds ensure that ordinary users are free to join the blockchain network.

[Millions of Rewards]

MultiVAC Foundation will deposit 10 million MTV to run 100 nodes to keep a stable network. The revenue of such nodes will go into the Lighting Fund prize pool, in which all the tokens will be rewarded to holders and miners in various community activities as below.

* Mining Lottery (Chinese community only): lottery for all community members to win the revenue directly.

* Community Credits (English community only): monthly activity to reward community members for discussing and recruiting people to the official telegram group.

* Global Follow-up Program: people who deposit more than 1 million MTV will receive an additional 10% reward from the prize pool (distribution will happen when the mainnet launch) and get the opportunity to attend the global follow-up video meeting to discuss next step plan of the project.

* …… (more exciting activities will be announced)

To encourage all the community to join the fair mining, MultiVAC testnet 2.0 provides two mining modes:

  • Self-Mining: you need to equip your own hardware and run the clients by yourself.
  • Cloud-Mining: you don’t need to equip any hardware or software. The MultiVAC team will run the node with the cloud servers for you automatically. You only need to pay the cost of the cloud services, which will be deducted directly from your deposit.

If you want to be a miner, please follow the official process:

  1. Apply for the whitelist;
  2. Transfer deposit MTV to the official address (1000MTV or more);
  3. Waiting for one working day, the official will automatically open the cloud mining for you;
  4. Check the mining reward;

3. 50 Million Deposit Has Been Reached, and the New Deposit Will Receive an Additional 1% Airdrop Reward!

Since MultiVAC launches the MultiVAC Million Bounty Mining Program, it has received extensive participation and enthusiastic support from community members. The mining function only starts for 12 hours, and the miner’s deposit amount has exceeded 24 million MTV; starts for 7 days, the deposit amount exceeded 50 million MTV, reaching the first goal. In order to facilitate the withdrawal of revenue, we will distribute the first stage of mining revenue to the corresponding ETH wallet within 7 days. After the distribution is completed, we will remind you again.

In addition, in order to give back to the community members and encourage new miners to join, the miners who are deposited between 50 million and 100 million will receive an additional 1% airdrop reward!

4. The First Distribution of Community Bounty Completed

Beginning on June 10th, we began to distribute the previous event rewards to users who have confirmed the information. to view the first distribution information(The information that appears in “Distribution completed” has been submitted for transfer.)

Attention! We will close the bounty form on June 23 and make a second distribution. The remaining winners are requested to confirm the information as soon as possible to prevent others from maliciously. Otherwise, they may lose the bounty.

5. MultiVAC CEO Frank Did an AMA in the Chinese Community of “XiDuo ShuoBi”, More than 20 Communities to Broadcast Simultaneously

On June 11th, MultiVAC CEO Frank conducted an AMA in the Chinese community of “XiDuo ShuoBi”, mainly introducing MultiVAC’s million bounty mining activities, and deeply analyzing the mining incentive model of MultiVAC. Nearly 20 Chinese communities had been broadcast simultaneously.

6. MultiVAC and Global Ambassador Brad Held the First Community AMA

On June 15th, MultiVAC and global ambassador Brad held an in-depth AMA. The AMA was held in Brad’s “BlockchainBrad Community”. MultiVAC CEO Frank shared the characteristics of MultiVAC TestNet 2.0 and the progress of mining activities.

Brad is MultiVAC’s first global ambassador, with more than 20k youtube subscribers and more than 29k twitter subscribers, with extensive visibility and community influence in blockchain investments.


About MultiVAC

MultiVAC is High-Throughput Flexible Blockchain Platform based on Trusted Sharding Computation. It’s a next-generation public blockchain platform built for integration with large-scale decentralized applications (dApps). MultiVAC is developing the world’s first fast, efficient, and fully sharded blockchain with sharding for not only computation but also transmission and storage, maximizing throughput while maintaining decentralization and without sacrificing security.

At the same time, MultiVAC pioneers flexibility for DApps to trade off freely on the impossible CAP triangle between decentralization, performance and security, supporting large-scale decentralized commercial applications for complex and diverse business requirements.

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