It will not be a stretch to say (not to the hundreds of thousands of crypto traders at least) that the future of the financial market rests upon the shoulders of how the plethora of cryptocurrencies prove themselves with their ingenuity and their capability to be accepted by the common man. Succinctly put, it is a race and to the victor goes the spoils of war. And one of the racers that are betting on itself is the MTV coin by MultiVAC.
Introduction to MultiVac
What is MultiVAC, you may ask? It is a next-generation high-performance public blockchain for industrial-scale decentralized applications. The way it distinguishes itself is by employing its very own sharding technology. MTV claims that it is sharing techniques are secure and it is hinging its bets on its ability to prove this assertion. The way that its sharding technology works is by using a model based on Verifiable Random Functions (VRF)and applies the model to transactions, computation, and storage. This achieves two objectives that MutliVAC claims the industrial market should keep an eye out for; the first is that high levels of security for transactions and computations is ensured by MTV coin and secondly, the processing requirements are not quite heavy as only a small number of nodes are to be computed, meaning efficiency and speed.
Is the Project Promising?
To be candid, MTV is promising a lot and that is why it is being looked upon by traders with an eye of suspicion. But that is not to say that it hasn’t been gaining momentum. What would be more dangerous if it suddenly boomed and then when the time for correction comes, it falls face-first into the ground.
Current Tokenomics
Currently, at the time when this article is being written, the value of the MTV coin is $0.0197 with the highest value being in the last 24 hours $0.02035 and the lowest being $0.01864 while being ranked at 477 at CoinMarketCap.It may not seem much to the kings of the crypto market but it has gained a lot of momentum in just the last year alone. The lowest it had been was at $0.0002395. From then on, it has seen an increase, although, in the last week, its performance in the market has been anything but spectacular there is a consistency in this coin which it should be applauded for.
As far as the information regarding this currency for the miners is concerned, MultiVAC claims on its website that the threshold for mining is really low for MTV. An ordinary PC with a dual-core and 2 GB of RAM can easily participate in the mining operation.
It is also growing its ecosystems with its planned NFTs within the next few weeks. At that time, they will be releasing the commemorative MultiVAC Spaceship NFT Collection. They claim that what motivated them to do this is the invasion of NFTs in the crypto market space which suggests that they have an eye on what’s happening and are willing to make necessary improvements, a quality that can be lauded by any reasonable person.
