One article to learn about MTC and the future of block chain application
The Internet has pushed traffic to the “cliff”, and MTC has installed a “ladder” for it.
In April 1994, China opened the first 64K international dedicated line, which opened up the new era of Internet and defined the meaning of traffic. From the early BBS and portals, to the later BAT Big Three, to the current TMDJ upstart, they pushed the word “traffic” to the cloud, shaping the era of traffic is king.
But after more than twelve years of galloping, we have seen another scene of traffic.
Cliffs and stairs
Today, numerous giants have become behemoths that swallow traffic, and the so-called ecologicalization has become the only way to rule and monopolize the Internet. The competition for traffic has evolved into a resource war on the premise of “burning money”. Standing in line has become a last resort choice, which intensifies the appetite of the giants to divide the traffic. Under the Matthew effect, traffic seems to have reached the edge of cliff.
Traffic is concentrated in the hands of a small number of companies, showing a trend of becoming more and more centralized. SMEs and consumers have completely lost the ability to bargain. In addition, negative effects such as data islands, information walls, and traffic fraud have become unavoidable tumors.
The birth of block chain technology brought the dawn of changing this status.
Compared with traditional traffic, block chain traffic is presented in the form of decentralization and distribution, which solves the disadvantages of traditional Internet traffic data being too centralized. At the same time, traceability can also solve the problem of traffic fraud, which is more important is the right to confirm the value of traffic. Each user’s ownership of traffic assets belongs to himself. This is completely different from the ownership of traffic assets in the traditional Internet world, and the commercial changes it can bring are of great significance.
Now DeFi is very popular, Polkadot is very popular, and “fruits and vegetables” are also very popular. For people in the circle, the block chain is in full swing, but for outsiders, it is still floating in the clouds and it is difficult to be famous. One of the main reasons is that everyone has not really used block-chain-related applications and services.
Whether it is the crypto kit that once set off a wave or Uniswap, which is the most sought after now, the user traffic has never exceeded 100,000. Compared with traditional Internet companies with hundreds of millions of users, the amount of radiated users is basically negligible.
Fettered by issues such as technology and mode, the blockchain industry has always lacked large-scale traffic applications. MTC uses this as the basis of innovation. On the basis of the drawbacks of traditional traffic, it goes a step further to crack the core pain point of the lack of large-scale traffic applications in the blockchain, which not only builds a ladder between traditional traffic and blockchain traffic, also build a traffic ladder in the blockchain industry.
Innovation and Development — MTC’s traffic revolution
Metcalfe Chain（MTC）is a new generation of intelligent traffic application aggregation public chain, in order to crack the key pain point of blockchain that cannot deal with large volume of Internet traffic. MTC intelligent traffic chain proposes distributed intelligent traffic pool MTCENGINE, M & a governance architecture MER and Metcalfe token model. MTC developed a more inclusive large-scale traffic commercial support system, making it the first public chain to realize large-scale commercial use.
In the integrated framework of the distributed intelligent traffic pool MTCENGINE, it is not only a basic traffic platform, but also an integrated intelligent engine. Through the standardization of blockchain traffic, it provides a distributed and replicable traffic business. The operation mode allows other service providers to directly build their own traffic applications on it.
At the same time, in order to adapt to the future development trend of large-scale traffic commercialization and reduce community friction, MTC has adopted a mergerable governance structure. The first is that MTC can achieve self-upgrading and iteration. The second is to adopt a special governance model outside and inside the chain. The third is the inclusive, transparent and fair governance mechanism.
Here, we can regard MTC as a “kingdom”. In-chain governance is the kingdom’s internal governance, which regulates the upgrade and change of MTC through community public proposals, node meetings, technical committees and other departments. The external governance of the “kingdom” is mainly embodied in how to realize the link between external chains and traditional traffic. Here, MTC draws on Polkadot’s cross-chain architecture, realizes cross-chain governance through parallel chain management, and builds a large-scale application The traffic ladder to achieve the link of external traffic. For example, Xiuke Video combines the traditional Internet and blockchain certification system, which requires cross-chain management.
In the future, in the internal business ecosystem of this kingdom, there will be different business entities, which will naturally involve many business scenarios of mergers and acquisitions. In order to meet the needs of this business scenario, MTC innovatively proposed the MER governance framework.
At the “Consensus: Distributed” virtual conference in June this year, Gavin Wood discussed the mergers and acquisitions of blockchains for the first time, and proposed a merger governance idea based on the Polkadot sovereign chain and parachain.
MTC has further expanded Gavin Wood’s vision. First, the transition from non-licensed chain to permissioned chain is proposed, which can solve the transition problem from centralization to decentralization, alliance chain to public chain; secondly, the MTC can realize the flow merger between agreements, which can solve different flows The merging of blockchains can also meet the demand for direct import of traditional traffic into the MTC smart traffic chain.
Blockchain M&A and merger governance are difficult problems that must be dealt with in the process of large-scale commercial use. The proposal of the MER governance plan makes it possible to solve this problem.
Since there are governance institutions and commercial mergers, there is naturally a need for currency circulating in this kingdom. In the MTC ecosystem, this currency is called Metcalfe Token (abbreviated as M token).
M token and new future
The value of M token comes from applications.
What MTC has to do is to “re-take Bitcoin for ten years” and build a public chain that can pay tribute to the Bitcoin consensus volume to realize large-scale traffic commercial use. As the value target of the entire ecological operation, M tokens will work with MTC. Each application under the system is deeply bound.
Among them, the first block of pre-mining will be mined by the Showlike+ aggregated live broadcast platform with tens of millions of traffic, and rewarded to all Showlike platform users through behavioral mining. As a systematic traffic management platform, MTC and the integration of Showlike+ will solve the problems of traffic concentration, insufficient model innovation, and disguised exploitation in the traditional live broadcast industry.
The total amount of M token is 21 million, 100% of which are released to users through mining. M token uses POS mining mechanism, the output quantity and the pledge quantity of M token PC, the mining quantity attenuation factor PM, the mining cycle PT is related to the three. In a nutshell, the greater the number of staking, the more M token contained in a unit block; the earlier you participate in mining, the shorter the time required to dig out a unit block; the earlier you participate in mining, mining The more M token contained in the output unit block.
At present, MTC has reached the 2.0 stage. In the next 5–10 years, MTC will gradually build a high-concurrency, high-performance, commercial integrated public chain 3.0, through access to financial, gaming, e-commerce, and other large traffic Application to build a global traffic pool matrix and build MTC into an infrastructure for blockchain traffic operation and management.
As the first public chain invested by N&C Capital, a new trend investment fund in the field of science and technology, MTC will fully link N&C Capital’s projects in the future, create a multi-application traffic matrix on MTC, and continue to shape a complete MTC ecological map.
In the ten years of re-entering Bitcoin, it is a long and arduous journey based on the consensus development of Bitcoin to realize large-scale traffic commercialization. However, we firmly believe that as long as we are on the road, we will arrive at the end.
The dawn of MTC appeared a year ago, and now it has finally embarked on an ecological journey. The future MTC will take is the word “traffic”, which is the commercial use of blockchain and the future of blockchain development. It is the highlight moment of MTC.
We have never wavered our original aspirations until now, and we will not change in the future. From beginning to end, MTC has only one original intention-to become the basic public chain for large-scale commercial traffic of blockchain.
