This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is MultiVAC?

MultiVAC (MTV) is a next-generation public blockchain designed for large-scale and complex distributed applications. It pioneers a flexible approach to the CAP Trilemma, offering high-throughput and scalability through trusted sharding technology. This allows for unlimited and sustainable scalability, making it suitable for industrial-scale decentralized applications.

How is MultiVAC used?

MultiVAC (MTV) is a next-generation high-performance public blockchain designed for industrial-scale decentralized applications. It utilizes trusted sharding technology to achieve unlimited and sustainable scalability, making it suitable for large-scale applications. The blockchain allows for flexible computation, separating transactions and smart contracts/computation, enabling developers to decide on the tradeoff between consistency, availability, and partition tolerance. This flexibility makes it ideal for complex business logic on its application layer.

MultiVAC's high-throughput capabilities and low fees make it suitable for microtransactions. The blockchain supports file storage and retrieval based on both Hash and Merkle Roots, providing a robust and decentralized storage system. It also includes a VRF sharded storage mechanism, similar to Bitcoin light nodes, where nodes store block header information and maintain full transaction input and output in distributed storage.

Developers are building software on MultiVAC, and the ecosystem is growing. For example, the AsimovHub project has already provided software that uses MultiVAC, even before the implementation of smart contracts. The blockchain's scalability and low fees make it promising for various use cases, including microtransactions.

In summary, MultiVAC is used for industrial-scale decentralized applications, offering high-throughput, flexible computation, and robust storage capabilities, making it suitable for complex business logic and microtransactions.

How do I store MultiVAC?

To store MultiVAC (MTV) tokens, you can use a variety of methods:

  1. Ledger Live: Open Ledger Live and navigate to "My Ledger." Ensure you have allowed access to "My Ledger" by pressing both buttons on your Ledger device simultaneously.

  2. MetaMask Wallet: You can also store MTV tokens in your MetaMask wallet. To do this, you need to add the MultiVAC ETH contract address to your MetaMask under the Ethereum RPC. This will allow you to view your ERC-20 MTV tokens in your wallet.

  3. TrustWallet: Another option is to use TrustWallet. You can send your MTV tokens to your TrustWallet and then import your TrustWallet seed to MetaMask if needed.

  1. Other Wallets: Additionally, you can use other wallets that support MTV tokens, such as WalletConnect.

It is essential to ensure that you have the correct RPC settings and contract addresses to view and manage your MTV tokens effectively.

How to buy MultiVAC?

To buy MultiVAC (MTV) tokens, you can follow these steps:

Buying on Centralized Exchanges (CEX)
  1. Register and Verify: Create an account on a CEX like MEXC, and complete the Know Your Customer (KYC) process to secure your account.
  2. Buy USDT or BTC: Use fiat to purchase USDT, ETH, or BNB on the CEX. You can use services like Simplex, Banxa, or Mercuryo for this step.
  3. Transfer to MTV-Supporting CEX: If the CEX you used does not support MTV trading, transfer your USDT, ETH, or BNB to a CEX that does, such as MEXC.
  4. Buy MTV: Use your transferred funds to buy MTV in the spot market.
Buying on Decentralized Exchanges (DEX)
  1. Choose a DEX: Select a DEX like Pancakeswap or Uniswap, depending on the blockchain it operates on (e.g., Binance Smart Chain or Ethereum).
  2. Get the Required Cryptocurrency: Buy the mainnet cryptocurrency (e.g., BNB or ETH) using fiat, and transfer it to your wallet.
  3. Connect to the DEX: Connect your wallet to the DEX, and select the trading pair (e.g., BNB to MTV).
  4. Swap for MTV: Execute the swap to obtain MTV tokens.
Additional Steps
  • Store MTV: You can store your MTV tokens in your exchange wallet, a cold wallet, or a hot wallet like Trust Wallet.
  • Trade or Stake: Trade your MTV tokens for other cryptocurrencies or stake them to earn rewards.

Remember to follow the specific instructions for each exchange and wallet you use, as the processes may vary.

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