Thread by @CharlieXDeFi

1/19 MultiVAC: Scaling Up Blockchain with All-Dimensional Sharding ⬇️ @MultiVAC_Global $MTV

2/19 Blockchain is facing some major challenges today, including a lack of real-world value and poor scalability.

MultiVAC is addressing these issues by creating a platform that enables large-scale commercial DApps to integrate seamlessly into the ecosystem.

3/19 Sharding is the key to scaling blockchain in a decentralized & secure manner - and MultiVAC is pioneering All-Dimensional Sharding.

MultiVAC's approach to sharding allows for flexibility in DApp development, giving developers the ability to choose tailored features.

4/19 Flexibility is the key to scalability, as different DApps have different requirements for security and throughput.

MultiVAC is all about flexibility - they understand the current bottlenecks. Simply put - one solution does not fit all.

5/19 Speaking of scalability, MultiVAC has achieved impressive TPS numbers, with a peak of 30,784 (using 64 shards) and a single shard reaching 533 TPS.

6/19 So you can imagine where the trajectory goes with more shards.

Linear scalability to infinity.

So yes - they belong in the most scalable L1s category.

7/19 MultiVAC consensus runs on PoS ⬇️

https://twitter.com/MultiVacArmy/status/1449528264347750407?s=20&t=FX_4LnlmqC_0Yd1YwNSvZA

8/19 MultiVAC's team is made up of engineers, advisors, and investors who provide strong support and direction for the project (@Frank_0x00 seems to have quit as CEO back in 2021 due to health reasons).

MultiVAC was born in 2018.

And the Mainnet launched on June 26, 2021.

9/19 The name MultiVAC comes from a supercomputer in Isaac Asimov's short story, symbolizing the project's goal to find solutions and bring light to the industry #FunFact

10/19 So why is MultiVAC unique & why should you care?

There are 3 major selling points for MultiVAC in my eyes:

- high scalability through all-dimensional sharding
- flexibility & multiple use-cases
- fair node operation for equal participation

And super low MC.

11/19 And if you are still wondering what is MultiVAC's niche.

It is its flexibility.

MultiVAC is paving the way for the widespread adoption of DApps by providing a Flexible Computation and Trusted Programming environment.

12/19 Let's jump into tokenomics & MC.

MTV's tokenomics can be seen below & their native token is called $MTV.

According to CMC, the circulating supply is as of now 3.6B/10B ->35%-36% circulating supply.

13/19 MultiVAC received from VCs in total ≈$15M in 2019 according to several sources.

14/19 And speaking of circulating supply, let's look at $MTV market cap.

MultiVAC is currently only at $4M—its maximum in the past year was $40M.

I'm not giving any advice, but the MC is extremely low for L1. The team is still active & their last ecosystem update was on 31 Dec.

15/19 And in terms of their DeFi activities, there are as of right now 3 protocols deployed on MultiVAC according to Llama.

The total TVL as of right now stands at $132.5K.

But the trend is clear.

16/19 If you're wondering which protocols to check out later, here's a chart that might help.

VAX used to dominate $MTV DeFi, but now Guru Network has 61% dominance.

17/19 And if you want to keep up with $MTV development, I suggest following these accounts:

- @MultiVAC_Global
- @shawnyingtju
- @Cathy_MTV
- @MultiVacArmy
- @EpicGalleryMTV
-@ProximaTheGame
- @l8gendary

18/19 That's all for today - I hope you've found this thread helpful!

Follow me @CharlieXDeFi for more of this content.

Like/Retweet the first tweet below if you can 😊

https://twitter.com/CharlieXDeFi/status/1619071375712591873

19/19 If you want to read more about another scalable L1s, consider checking out my previous thread on @partisiampc ⬇️

Tomorrow I will look at @Everscale_net $EVER #Day17

Talk to you soon 🤝

https://twitter.com/CharlieXDeFi/status/1618742556212473857?s=20&t=BGzJP3eN-o0hT7xIIortCg