RATE Group | China's Mother of All Chains (MOAC) Seeks to Compete With Ethereum
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China's Mother of All Chains (MOAC) Seeks to Compete With Ethereum

01 May China's Mother of All Chains (MOAC) Seeks to Compete With Ethereum

Posted at 01:32h in Ethereum News by

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China’s Mother of All Chains (MOAC) Seeks to Compete With Ethereum

Can China’s Mother of All Chains (MOAC) outperform the world’s second largest cryptocurrency?

As one of the first cryptocurrencies to launch, Ethereum has since revolutionized the blockchain industry through its introduction of dApps and smart contracts – which have been used to launch countless ICOs worldwide.

But recently, Ethereum has dealt with issues in efficiency and scaling, constantly maintaining a transaction-congested network that is growing slower with increased usage.

A team of developers from China is attempting to solve these issues through MOAC, a blockchain network that utilizes cross-chain transactions and “MicroChains” to increase speed and efficiency.

The Mother of All Chains improves on Ethereum’s decentralized network by adding additional layers (MicroChains) to the blockchain for distinct transaction types based on required computation power.

In an interview with Forbes, MOAC Chief Business Development Officer Ryan Wang stated:

“In a…

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