Token Talk: Multivac ICO Review, Asimov’s supercomputer
Multivac has been on my radar for a while and now seems like a good time to review it as they are about to open up the KYC process in the next month. However, like many current ICOs, they won’t commit yet to a sale date or release the exact token details. This is more of a statement on the current market, as everyone is keen to launch but not keen to die in the dips. Also the mvp/testnet date is floating, so this may have an influence.
Let’s start with the team: very proficient, a lot PHDs in there and on paper a very extensive and diverse set of talent. The core team is, I believe, 13 members with an added distributed network of contributors or part-timers. I will not bore you going through in detail, as it all there for you to scroll through on the site, but what I will say is that the actual blockchain experience does not seem to have a longevity but the pedigree of previous employers is reassuring. From my point of view, the technical core concepts and ideology are promising and well thought out in the technical paper, and the general reaction in the community to those is good.
They were initially talking about going for an MVP/testnet for the end of summer and this is a key point. The technically planned product looks like it has prospects, team is impressive but unproven on delivering blockchain success, so it will be key to see the MVP before the token sale and consider the testnet and the general reaction before jumping in.
Can’t seem to find any obvious bounty campaign, and their Telegram channel has been showing signs of healthy organic growth in numbers (23k ). However, it is noted from searching back on the history and from other reviewer’s comments, when they don’t want to talk about something, they just either don’t reply or skirt around the issues with half replies.
Investors include Hashed, who is well respected on the Korean side, and Neo Global Capital and the advisors include Roger Lim (Neo Global) and Johny Lyu (KuCoin), so all looking good there.
The approach of the architecture is different and the underlying argument is that just as traditionally any project would have the eternal triangle of cost, speed of delivery, and quality, and that you can move the dot around the triangle, you cannot have 100% of all points. This is a reality of project management and their argument is that for blockchain , the triangle is security, decentralization and scalability. The approach is to build on top of the actual blockchain, a Multivac Virtual Machine that will allow dApp developers to choose where to place the dot in the triangle to suit the project and readjust as their needs do.
The mining algorithms are based around Verifiable Random Functions and sharding which is expected to give them greater efficiencies than the traditional pow, pos models and they will be using Proof of Instructed Executions.
These choices are said to lead to a return to smaller node sizes and the ability to push the blockchain mining back towards smaller devices. They even talk about mobile phones and the like, but I think that is just a gimmicky example.
From a technical perspective and community reactions including Crypto Briefing and Ian Balina, it does seem there is definitely something out of the ordinary here but as said before, no MVP/testnet, it's just looking good on paper.
If we take a look at the surrounding asset class recently, there have been some good performers here since the start of the year that have managed to yield good results despite adverse conditions, being Pchain, Zilliqa, Icon, Quarkchain.
Very major promise in the project, a growing healthy interest, long-term, this one looks like it has legs, as long as it starts to show some mvp before crowdsale.
With a hard cap of $15 million for a native blockchain project seems very interesting, what are the big strengths, the concerns, watch the video analysis to find out all the details.