The MOAC team calls MOAC “a multi-layer blockchain architecture for commercial applications.” MOAC stands for Mother of All Chains, a very ambitious name to say the least. MOAC wants to establish itself as a scalable blockchain 3.0 offering the best of EOS, Ethereum and side-chain solutions combined, being security, scalability and decentralization.
The underlying architecture of the MOAC Platform is a Multi-Blockchain consisting of a primary blockchain, called the MotherChain, and additional MicroChains. Existing blockchain platforms have a hard time being able to scale. With the ability to have MicroChains as a layer above the MotherChain, each MicroChain can have its own unique consensus model specifically for scalable rapid high-volume transactions. The MOAC team claims that the platform’s advanced layered multi-blockchain architecture will increase the transaction speeds up to 10.000 times faster than competing blockchains, by using its micro-chain system.
The cross-chain functionality that the MOAC blockchain offers, enables MOAC to interact with a variety of blockchain systems within the platform as well as externally with third party blockchains and cryptocurrencies as Bitcoin and Ethereum. The MOAC Platform can swap blocks and data between multiple blockchains and uses atomic swap based Cross-Chains.
The MOAC blockchain has two types of mining, one being the MotherChain mining and the other being MicroChain mining. The lower layer is the Proof of Work MotherChain, which is the foundational layer for data processing and storage. The upper layer of the MOAC Platform is where the nodes verify transactions for smart contracts and other consensus systems. In this way, MOAC combines Proof of Work mining with Proof of Stake mining.
MOAC is aiming to be a direct competitor to smart contract platforms as Ethereum, EOS and NEO, claiming to bring the best of all together in one “Mother of All Chains” bringing together security, scalability and decentralization. Though, the technology is currently in early development and there is no guarantee the team will succeed. The MOAC blockchain will eventually be managed by the MOAC foundation, a cooperative not-for-profit organization, founded in Singapore.
