SINGAPORE, Nov. 6, 2018 /PRNewswire/ -- On Oct. 11, 2018, MultiVAC published its lab data on its website, which highlighted that MultiVAC has successfully achieved 30,784 TPS using 64 shards, with a single shard reaching 533 TPS. MultiVAC's success marks a breakthrough in sharding technology. As a star project in sharding public blockchain, MultiVAC is expected to solve the difficult public blockchain expansion issue.
Public blockchain is recognized as one of the areas with the most potential, but existing blockchain platforms have extremely poor scalability and cannot provide effective support for DApps, which makes it difficult to realize the practical value of blockchain. As one of the classic expansion solutions in distributive data systems, sharding can effectively enhance the capacity of the system and retain good scalability as the number of nodes in the network increases.
"The lab data has again proved that sharding can effectively enhance the capacity of the system. MultiVAC's all-dimensional sharding expansion solution not only has high throughput, but also has brilliant linear expansion capability. It has great potential to become the backbone of large-scale commercial applications," said Dr. Shawn Ying, CTO of MultiVAC.
Before publishing the lab data, MultiVAC had already released its white paper and all-dimensional sharding solution yellow paper. MultiVAC team consists of six Ph.D. Experts and 18 Researchers and Engineers, who are from R&D teams of leading tech companies such as Google, Facebook and Microsoft. Additionally, MultiVAC has already received strategic investments from leading international investment organizations such as Neo Global Capital, TGL Capital, Hashed, Signum, Arrington XRP, Dfund, ICODrops and JRR Crypto.
MultiVAC's CEO, Frank, said, "Blockchain technology is sweeping the globe with its uniqueness, and its development continues to amaze everyone. As a booming public blockchain developer, MultiVAC has attracted increasing interests from blockchain enthusiasts. We believe that MultiVAC can unlock the full potential of blockchain by striving for new developments, and thus, create a trustworthy, fair and harmonious society."
MultiVAC is the world's first fast, efficient, and all-dimensional sharded blockchain designed for total scalability, performing sharding parallelization not only for computation but also transmission and storage. 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.