A newly launched blockchain network originating from China is poised to surpass Ethereum and EOS in speed, efficiency and functionality.
When Ethereum emerged in 2015, it created a wave of innovation. The introduction of decentralized applications (dApps) and smart contracts into ecosystems has opened up new opportunities for decentralization, causing the surge in initial coin offerings (ICOs) that we have seen over the last two years. Ethereum received the title of second generation cryptocurrency.
Three years later, we have the third generation of the blockchain system - MOAC, which is also called the “mother of all blockchains”. With its layered architecture that allows MicroChains (sharding) transactions and cross-chains, it has the potential to push Ethereum away from the forefront.
History of creation
MOAC is a project that originated in Silicon Valley and is headquartered in Pola Alto. This place has become the birthplace of many prominent American Internet companies. Most programmers consider this place magical and magical; even Google and Microsoft were born in its “garages”.
We live in a time when the fields of science and technology are experiencing very rapid growth, and this entails the development of modern approaches to solving human needs. Mother of All Chains (MOAC) helps to combine all the advances in blockchain that were implemented in the first and second generations of crypto coins.
The MOAC project held its ICO from June 20 to July 5, 2017, as a result of which the first part of coins was sold - 56,483,386 MOAC. At that time, this amount was equivalent to 24,995 ETH or $7,000,000. The rest will be available for mining.
What to expect from MOAC?
The majority of users appreciated such non-standard ideas from the developers. Thanks to this, the team was able to quickly raise more than $7 million. Accordingly, funds for work and further development are already available. In addition, employees of this project are on social networks. You can really communicate with them; it’s not just correspondence with an electronic bot. This project also now has a YouTube channel. Here the developers also communicate with users, talk about the operation of the MOAC pool and other features of the service. If the Ethereum developers had implemented the same thing on their platform, the whole world would have already been conquered by smart contracts.
Who supports the project
The MOAC Foundation is comprised of experienced and diverse leaders in the blockchain space:
- The founder of the project, Sha Zhou, has deep technical and management experience in the field of computers and communication systems related to data transmission. Sha has worked in high-tech companies and is very knowledgeable in blockchain technology, VR/AR, robotics and autopilot technology.
- MOAC CEO David Chen is a 20-year Silicon Valley veteran. He served as the CTO of Jingtum and is now the co-founder of MOAC Blockchain Tech, Inc.
- MOAC CTO Xinle Yang leads the continuous development and support of the company's circuit. Xinle was a senior software engineer responsible for Nike's commerce platform.
Payment of rewards and commissions
According to data from the internal mining calculator Binance pool, for 1Gh/s a miner receives 0.02157692 LTC + Rewards 14.39 DOGE.
Billing period: from 03:00 of the current day to 03:00 Moscow time the next day. Payment time is from 05:00 to 13:00 Moscow time daily. The PPS calculation method is used. Binance pool does not yet charge any fees for Litecoin mining.
Withdrawal of funds
In your exchange wallet there is a “ Pool ” tab; all funds earned on the exchange server go to this branch every day. You can transfer them to your main account or any other section of your wallet for free.
Withdrawal to a third-party service is carried out from the main account. Minimum amount 0.002 LTC commission 0.001 LTC. To safely withdraw funds, be sure to enable Google Authenticator and anti-phishing code. It is also recommended to activate additional SMS confirmation and create a white list of withdrawal addresses.
Technical details
Official website – https://www.moac.io/index.html
The MOAC platform software consists of several blocks, and it is thanks to this structure that it is possible to create many consensus systems that can be adjusted to a specific type of action. MOAC seeks to transform the infrastructure networks on which the decentralized operation of the Ethereum or EOS systems is built.
In the Ethereum blockchain, all types of transactions are executed according to the same scheme, and it does not matter whether it is a simple balance transfer or a smart contract operation. All transactional actions are carried out at the global level, which significantly limits the speed of transactions (TPS) and reduces the performance of the system as a whole.
But remittance transactions do not require a lot of computing power to complete, unlike smart transactions. MOAC's structural architecture allows developers to differentiate transaction types to improve network efficiency, allowing transactions on the MOAC network to execute at 100 transactions per second (Ethereum only handles 20).
In MOAC's layered architecture, all light transactions regarding balance changes are processed in the lower PoW layer (MotherChain), and most transactions involving smart contracts are processed in the upper layer (MicroChains).
Different dApps have different use cases, so there is no set block size on the MOAC network. Each decentralized application will have its own blockchain, which can be configured according to the dApp's requirements: block size, creation frequency, consensus protocol, number of nodes, etc.
Each MicroChain will have its own consensus module. Developers will be able to create networks that suit their specific needs, and for this purpose, MOAC has its SAAM (Smart Contract as MicroChain) tool, which will facilitate the dApp workflow.
“SAAM creates a friendly dApp ecosystem that allows developers to build a blockchain that best leverages their use case,” the team states. “This creates a healthier ecosystem and increases TPS and system performance as more miners join.”
And MOAC cross-chains will help connect different blockchains with each other. The cross-chain will be able to provide interconnection between all existing blockchains. This means that it is possible to carry out, for example, transactions between the Bitcoins and Ethereums communities or other small or large cryptocurrency groups.
A MOAC system is defined by three properties:
- scalability – BlockChain Sharding;
- independence – MicroChain Smart Contract;
- compatibility – cross-chain capabilities.
Blockchain sharding is a technique that splits large blockchain nodes into smaller, faster, and easier to manage chunks, resulting in more efficient and faster processing of the system's workflow.
Cross-Chain functionality allows you to interact with multiple blockchain systems both within the system and with external third-party cryptocurrency blockchains. Moac uses cross-chain atomic swaps and is able to exchange blocks and data between multiple networks.
conclusions
The positive aspects of the site include great opportunities for applications and open schemes for working in the ecosystem.
For applications:
- Completely new architectural management structure;
- Ease of adoption of basic rules and accessible management principles;
- Compared to Ethereum, TPS will be improved by 100 times.
For an open ecosystem:
- Availability of your own smart contract as an element of the SAAM micro-chain;
- Great cross-chain capabilities;
- There are two levels of mining, which have their own incentive schemes.
go
MOAC wallet and payment system
The coins have a fully functional storage protocol that allows you to use any of the features of third-party wallets. You can use any MOAC protocol compatible wallet. Developers, in turn, will create storage products built on open source code that will be optimized for all popular operating systems.
Since MOAC is currently an ERC20 token, you can store coins in any ETH wallet:
- MyEtherWallet;
- Ledger;
- Trezor;
- Ethereum Mist;
- MetaMask.
You can create your own online wallet at https://www.moacwalletonline.com/
It is expected that in the future the tokens will receive their own blockchain, but the exact date has not yet been announced.
Details about the coin [MOAC]
The MOAC cryptocurrency appeared on the market in January 2022 with quotes of $15 per coin. The historical maximum was reached on January 26 and amounted to $18.13. However, the general decline in the cryptocurrency market had a negative impact on MOAC quotes, and the coin is currently trading below $5.
MOAC cryptocurrency has been added to the listing of only two exchanges. These are CoinBene (traded against USDT) and Bit-Z (traded against ETH). Moreover, the trading leader is the CoinBene platform, where more than 97% of all transactions with MOAC are carried out.
Wallet
The platform developers promise to soon present an official wallet to the community. It is planned that desktop versions of the application will be created for all operating systems, as well as solutions for mobile devices. Currently, you can work with the beta version of the online wallet.
Mining
Mining MOAC cryptocurrency is possible on any computer running Windows or Ubuntu. To start mining coins, you need to install special Pangu software on your device, which can be downloaded from the official website of the moac.io project.
Popular MOAC mining pools
- 2miners.com
- pool.baikalmine.com
- cryptodig.ru
- bylt.gq
- solopool.org
MOAC tokens
The cryptocurrency smart contract system is fully compatible with the Ethereum EVM system, which supports ERC20 and ERC721 token standards.
Coins in circulation come from two sources:
- release of tokens at the initial stage;
- coin mining.
The total volume of coins (150,000,000 MOAC) will have the following distribution:
- 75,000,000 – for ICO;
- 15,000,000 – for the MOAC fund;
- 45,000,000 – reserve for development.
Today (August 15, 2022) 1 MOAC coin was valued at $3.35. The dynamics of changes in the value of MOAC in relation to the dollar and Bitcoin can be seen in the graph below:
MOAC was launched as a cryptocurrency on January 16, 2022, and since then the coin has risen to 36th place in the cryptocurrency rankings on CoinMarketCap.
- market capitalization – $209,018,471;
- average daily trading volume – $245,534;
- coins in circulation – 62,463,334 MOAC.
Overclocking
At this step, we will tell you about the optimal overclocking for Moac mining on different video cards.
AMD Rx 570
Core Clock – 1100 Memory Clock – 2000 Hash Rate ~ 29.5 Mh/s
Note that the hashrate will not differ between the 4GB and 8GB versions of the caria. The only difference is that in the future it is better to buy cards with 8 GB.
AMD Rx 580
Core Clock – 1100 Memory Clock – 2000 Hash Rate ~ 29.9 Mh/s
AMD Rx 590
Core Clock – 1300 Memory Clock – 2150 Hash Rate ~ 31.1 Mh/s
We have given an example of optimal overclocking for the top MOAC mining video cards. The table below shows other video cards with optimal overclocking for them.
AMD
| Map | Core Clock | Memory Clock | Hash Rate |
| R9 280X | 850 MHz | 1500 MHz | 18 Mh/s |
| RX 560 | 975 MHz | 2000 MHz | 12 Mh/s |
| Rx 470 4G | 1160 MHz | 2050 MHz | 28.6 Mh/s |
| Rx 480 | 1095 MHz | 2160 MHz | 29.2 Mh/s |
| Vega 64 | 0 | 1200 |
Nvidia
| Map | Core Clock | Memory Clock | Hash Rate |
| GTX 1050 Ti | 1291 MHz | 1752 MHz | 15 Mh/s |
| 1060 3 GB | 1506 MHz | 2002 MHz | 23 Mh/s |
| 1060 6gb | +150 | +800 | 23.5 Mh/s |
| GTX 1070 | +100 | +500 | 33 Mh/s |
| GTX 1080 Ti | 1480 MHz | 1370 MHz | 36 Mh/s |
| 2060 | 0 | +700 | 30 Mh/s |
| 2070 | +100 | +1000 | 40 Mh/s |
| 2080 | 0 | +1000 | 42 Mh/s |
| 2080 Ti | +50 | +1000 | 56 Mh/s |
How to buy coins
To buy coins, you need to register on an exchange that supports the currency you need. At the moment, MOAC is traded only on two resources:
- Coinbene – in the MOAC/USDT pair;
- Bit-Z – in the MOAC/ETH pair.
If you have the cryptocurrency Tether (USDT), then you need to choose the first option; to buy a coin for Ethereum (ETH), you will need the Bit-Z exchange. After creating an account and connecting all the security functions of the account, you will be able to replenish your wallet with money with which you will buy new currency.
Then go to the marketplace, find the pair you want and enter your transaction details. After completing the exchange, MOAC can be withdrawn to a third-party wallet that supports ERC20 tokens.
Mining programs for Nvidia and AMD
Now you need to download the most important thing - a program for mining coins. The following are suitable:
| Program | Series | Setup and download |
| Claymore's Dual Miner | Nvidia+AMD | |
| PhoenixMiner | Nvidia+AMD |
After downloading, extract the archive, there you will find fully configured and ready-made Bat files of the MOAC coin for different pools. All you have to do is enter the address of your digital wallet received on the exchange, or the address of a cold wallet, and then launch the Bat file. The mining process will start automatically.
If you want to learn about additional settings of the batch file, in the articles about each miner, you will find a detailed description of setting up additional functions.
However, if you want to set up a Bat file yourself, then below we have prepared detailed instructions for you with setting up a Bat file for Moac mining.
Mining MOAC
The coins are available for mining, so if you want to add new currency to your cryptocurrency portfolio, you have the opportunity to become a miner on the network.
At first you will be able to receive 2 MOAC tokens for each closed block, but this number will be reduced by half after every 12.5 million blocks are generated (approximately once every 4 years). MOAC blocks run every 10 seconds.
To achieve network consensus, MOAC uses a multi-layer mechanism:
- The base layer uses proof of work (PoW) and is used to process critical streaming transactions.
- The top layer (MicroChains) uses Proof of Packet (PoS) and works with micro-chains of transactions to provide faster processing and higher throughput.
For PoW cryptocurrency mining, it is best to use pools, for example, Moac Mining Pool. The resource is new and is still being developed to provide an easy-to-use platform for Moac miners. Here are the basic data on the resource:
- registered miners: 259;
- hash rate: GH 189.17;
- pool fee: 0.5%;
- block closing frequency: 3 minutes.
Cryptocurrency data:
- algorithm – Ethash;
- network complexity: 25.211 T;
- network download speed: 2.52 TH;
- Block height: 662.837.
The mining profitability calculator is located at the link.
Bat file setup
Let's look at the mining pool moacpool.club as an example. The finished Bat file looks like this:
EthDcrMiner64.exe -epool moacpool.club:8008 -ewal 0x36452b3dfbcea3eaf83669399126f9cd3efac33e -eworker rig1 -epsw x -esm 0 -allcoins 1 -allpools 1 -mode 1 -r 1 -dbg -1 -mport 0 -etha 0 -retryde lay 3 -ftime 55 -tt 70 -ttli 79 -tstop 82 -fanmin 30 pause
- EthDcrMiner64.exe program name. It must match the name of the miner, which is located in the Claymore folder.
- -epool moacpool.club - address of the pool where you mine cryptocurrency
- :8008 – pool port
- -ewal 0x36452b3dfbcea3eaf83669399126f9cd3efac33e – Your digital wallet (received from an exchange or from a cold wallet. It is to this wallet that the coins you mine will come.
These are the basic settings for MOAC mining; if you are interested in advanced settings, read them in the program description: Claymore's or PhoenixMiner.
Road map
The project roadmap is scheduled until June 2022. The following developments and implementations are planned by December 2018:
- launch of the next generation P2P system;
- payment system at full capacity;
- high-performance online storage;
- development of a chip for EVM equipment.
It is planned that by 2022, 100+ decentralized applications will be launched on the MOAC platform.
How to mine LTC on Binance pool
First you need to buy an ASIC. The companies Bitmain and Innosilicon produce crypto mining machines for the Scrypt algorithm. We recommend purchasing Antminer L7, or at worst Innosilicon A6+ LTC Master.
Older Antminer L3+ and L3++ models will earn much less, although they are cheaper, but are mainly sold on the secondary market. That is, you will buy a used ASIC, which can break at any moment.
You can order a new model directly on the manufacturer’s website, but you will have to wait until it goes through customs. There are quite a few stores in the Russian Federation that sell mining equipment.
