Breaking the traditional traffic monopoly, the innovator in the large-traffic commercial era of blockchain
Host: Hello everyone, welcome to the MTC AMA, I am the host of today’s AMA XXX. The sharing project we invited today is MTC, a new generation of intelligent traffic application aggregation public chain. At present, MTC has begun to create a new high-traffic application ecosystem. Today we invite MTC founder JIN KO to share with us how MTC breaks the traditional traffic monopoly.
JIN KO: Hello, everyone. I’m JIN KO, the founder of MTC. I’m very happy to have the opportunity to share with you.
Host: JIN KO graduated from Yonsei University in South Korea. He served as an assistant to the Minister of Defense of South Korea, and worked in Samsung Private Capital, engaged in investment and finance. He led the team in charge of multiple multinational projects, and once was received by South Korean President Roh Moo-hyun as a representative of Korean descent. Also, he led the cross-border integration and operation of the commercial operation of this project.
1.Briefly introduce the MTC intelligent traffic chain and the latest progress of the project.
JIN KO: Hello everyone, I am JIN KO, the founder of MTC Intelligent Traffic Chain. In fact, I have been focusing on financial investment since I graduated. At the same time, I am very concerned about distributed systems and applied cryptography. The blockchain industry is a rapidly iterating industry. Only by looking forward and continuously learning can we keep up with the market development.
Next, I will briefly introduce the MTC intelligent traffic chain, Metcalfe Chain, or MTC for short, which is a new generation of smart traffic application aggregation public chain.
In April 2019, we released version 1.0 of the MTC Smart Traffic Chain. In MTC Intelligent Traffic Chain 1.0, we introduced the distributed intelligent traffic pool framework MTC ENGINE and Metcalfe token model, compatible with IPFS, cloud computing architecture adopts cross-chain para-chain paradigm management.
In July of this year, the MTC intelligent traffic chain was upgraded to version 2.0. Compared with 1.0, version 2.0 has undergone a greater degree of iteration. For example, we pioneered the MER, an intelligent management architecture that can be merged, to support the traditional traffic integration system to divert traffic into MTC.
Improved the sinking mechanism of video traffic distribution to nodes, and accelerate the application of large video traffic. We built the first ecological application verification Metcalfe token model. MTC2.0 ushered in the era of our “ecological journey”, and the construction of MTC-based ecological applications is one of our current core tasks.
At the same time, we have also launched the M+ traffic blue ocean commercial plan, and recently launched the M+ fund. We welcome more people of insight and teams who want to contribute to the blockchain industry to join us. Let us jointly expand the MTC high-traffic commercial ecosystem.
2. Can you introduce the current team members of MTC?
Yes, our team are all high-tech talents. Our co-founder is Jesse Park. Graduated from Yonsei University, she majored in computer science. She is good at Korean, English, Python and blockchain core technologies. She once led a technical team in a research laboratory in a Korean university, completed national technical projects on business data processing, big data analysis, and model construction. And she published many top international scientific papers with famous professors at Yonsei University. Also, she used to be the head of database projects in a well-known think tank in South Korea and executed a number of data processing related government projects.
Rocky is our technical Consultant in Asia. He holds a master’s degree in computer science from Taipei University. He is a pioneer in the field of blockchain research, focusing on the fields of network security and privacy, distributed systems and applied cryptography. At the same time, Rocky is a member of IEEE and ACM and has published more than 10 papers in the field of blockchain and cryptography.
Brian also our MTC intelligent traffic chain consultant, is the CEO of GMPC hybrid chain.
Graduated from UCLA, He is good at corporate strategic planning and top-level resource integration. He is an early preacher of Blockchain in Silicon Valley. Brian has provided professional blockchain technology application and commercialization advisory guidance to dozens of successful companies, and has held important positions in many well-known overseas blockchain associations.
Therefore, we are all experienced teams in the blockchain industry. We are still absorbing talents and expanding our market strength.
3. In April 2019, the MTC 1.0 version was officially announced. For what reasons did the team choose to build such a traffic application aggregation public chain? Compared with other projects on the market, what are the core advantages of MTC?
JIN KO: We all know that although the blockchain has been developed for more than ten years, there are few big applications that can be released. And the traditional Internet traffic is still isolated from the blockchain applications.
In addition, traffic has always been the core resource for the development of the company and the industry. For the blockchain industry, traffic is still the core value of the blockchain business reconstruction and an important driving force to accelerate the implementation of blockchain technology. So we decided to build a public chain to solve the various traffic problems of blockchain applications. To open up the connection between the traditional Internet traffic ecology and the blockchain ecology. Expect to be able to shape a real high-traffic blockchain application.
As for comparing with other projects, in fact, different projects have their own advantages, and different attributes are difficult to compare, so I will talk about some innovations of MTC.
The innovation of MTC is mainly reflected in four aspects: distributed intelligent traffic pool MTCENGINE, MBFT consensus, mergerable governance structure MER and Metcalfe token model. I can give you a brief introduction.
The distributed intelligent traffic pool MTCENGINE provides a decentralized integrated traffic framework, which can be standardized according to our understanding of blockchain value traffic. It can provide a distributed and replicable traffic business operation model for the traditional Internet. It also allows other service providers to build their own traffic applications on MTC.
MBFT consensus is a Byzantine fault-tolerant consensus algorithm that integrates traffic elements into the MTC intelligent traffic chain. It combines the technical characteristics of DPoS and Hotstuffe, allowing MTC to have better compatibility. At the same time, it provides a good compatibility foundation for the merger governance mechanism.
The mergeable governance structure MER can meet the upgrade, change and exit of the MTC intelligent traffic chain itself. It realizes cross-chain governance and traffic mergers, and ensures the transparency and fairness of community governance.
Regarding cross-chain technology, MTC adopts the Substrate development framework agreement, which can realize the interoperability between different para-chains, improve efficiency through hierarchical governance, and have higher system security.
The Metcalfe Ecological Economic Model is a model we developed inspired by Metcalfe’s Law. Under this model system, we will design an economic mechanism that is being fed back. The access of each traffic application will bring a square plus multiplication increase to the entire MTC value.
4. In July this year, MTC successfully completed the transition from 1.0 to 2.0 era. Compared with 1.0, what adjustments and upgrades have been made in 2.0? As an important part of 2.0, what is the current progress of the M+ traffic blue ocean commercial plan? What support can it bring to ecological builders?
JIN KO: The adjustments and upgrades made to 1.0 and MTC 2.0 have already been mentioned above. The main ones involved are technical iteration and ecological construction, so I won’t go into details here.
The M+ traffic blue ocean commercial plan is an important part of our ecological construction. It aims to make full use of MTC’s “integrated traffic management” and “compatibility with centralized and decentralized traffic paradigm” through the support of manpower, technology and token power. Advantage. To cultivate the large-flow ecological application of MTC.
Specifically, in terms of funds, the MTC ecological fund pool rewards outstanding teams participating in the M+ plan annually. The first batch of teams that join the large-scale vertical field will receive 10% of the ecological fund pool (M currency) reward;
In terms of human resources, we will provide technical consultants, participation in roadshows, emergency incident handling, operation management support. In terms of technology, we will not only provide complete design solutions, code testing, interface management and other basic technical support for the ecological project team. At the same time, it also provides technical support at the governance layer such as private domain traffic creation, business transformation, node deployment, and token model upgrade.
At present, the first batch of ecological projects in the M+ Traffic Blue Ocean Plan are gradually being launched. We welcome more outstanding teams and entrepreneurs to join the M+ Plan. We also welcome traditional traffic applications to join us to create a blockchain application ecosystem.
5. A few days ago, the side chain MT smart game chain based on MTC came out smoothly. According to our understanding, the first game MT Arena on the chain will also be launched soon. What are the innovations in the gameplay of this game? What are the ways for players to profit?
JIN KO: Thanks for your continued attention to the MTC public chain and ecology. The MT Arena is currently being improved and will be launched as soon as possible to meet you. I hope you will experience it a lot by then.
MT Arena is the “King of Glory” in the blockchain industry, and it is also a game flow and game digital asset interaction platform based on economic models. Relying on player user incentives, game master node incentives, game community governance and other reward systems, MT Arena has formed a joint construction system among game developers, game communities, and the majority of players and users. Together they form a complete, close and win-win situation. , Interoperable blockchain game ecosystem.
6. In order to prosper MTC’s high-traffic commercial ecosystem, the MTC team also launched the M+ fund. What are the thresholds for funding applications? What kind of help will the project team give?
JIN KO: M+ Fund is the ecological development fund of MTC Smart Flow Chain. It targets not only the existing project teams in the MTC ecosystem, but also other outstanding entrepreneurs and traditional project teams in the industry. As long as there are project developers who are motivated, have the need to form a team and project development, they can come to apply.
The M+ fund is mainly used to help ecological builders to build the market and cultivate a more professional and systematic high-quality team.
At present, 10 million M+ support funds have been opened for application. The first phase will allocate a total of 4 million funds to eligible applicants, and subsequent phases will be launched.
7. At present, MTC’s main chain token M coin has been listed on the mainstream Korean exchange BW on November 10th. Can you tell us the Korean users about the team’s current market plan? For users, what are the application scenarios and expected value of M coins?
JIN KO: Yes, thanks BW for giving me this AMA opportunity to introduce MTC to Korean users.
In the future, MTC will accelerate the pace of international development, connect more international applications to the MTC ecosystem. Promote the development of the M+ traffic blue ocean plan, and create a global mass flow application matrix.
At the same time, it will continue to iterate and optimize the underlying technology of MTC, and gradually build MTC into an integrated high-traffic commercial public chain that can support high concurrency and high performance. As a certificate of equity in the MTC network, M currency plays a key role in MTC community governance, in-app value transfer, ecological data management and MER architecture.
In addition, the token support in the M+ traffic blue ocean commercial plan is also realized through M coins. As more and more high-traffic applications are accessed and more online and offline cooperation is carried out, M coins will be fully circulated and its value will be further released.
What’s more, M coins will also start a periodic destruction plan, and eventually M coins will be reduced from the current 21 million to 2.1 million. As for the expected value of M coins, everyone can judge and expect by themselves.
