Wonderful Q&A about MTC
Host: You just introduced MTC and mentioned that it is a new generation of intelligent traffic application aggregation public chain. Can you first tell you more specifically where the “new” of MTC is mainly reflected?
Rocky: The innovation of MTC is mainly reflected in four aspects, namely: distributed intelligent traffic pool MTCENGINE, MBFT consensus, mergerable governance structure MER and Metcalfe token model, which are also the common of these four cores. It constitutes a large-scale traffic commercial support system.
Let me give you a brief introduction.
The distributed intelligent traffic pool MTCENGINE provides a decentralized integrated traffic framework.
Tā néng ànzhào wǒmen duì qū kuài liàn jiàzhí liúliàng de lǐjiě jìnxíng biāozhǔnhuà, gòujiàn “luójí tǒngyī, wùlǐ jiédiǎn xià chén”,“duō zhōngxīn huà chuántǒng liúliàng” de fēnbù shì liúliàng fànshì. Tā wèi hùliánwǎng tígōng fēnbù shì de, kě fùzhì liúliàng shāngyè yùnzhuǎn móshì.MTCENGINE tóngshí yěshì yīgè jīchǔ de liúliàng píngtái, tā zuòwéi liúliàng yītǐ huà zhìnéng yǐnqíng, shǐdé qítā fúwù shāng yě kěyǐ zài píngtái shàng gòujiàn zìjǐ de liúliàng yìngyòng. Wèile fúwù yú dà guīmó liúliàng shāngyòng yìngyòng,MTC zhìnéng liúliàng liàn cǎiyòng yī zhǒng rónghéle liúliàng yuánsù de bàizhàntíng róngcuò gòngshì suànfǎ MBFT, bùjǐn néng ràng MTC jùbèi gèng hǎo de jiānróng xìng, tóngshí yě wèi bìnggòu zhìlǐ jīzhì tígōngle liánghǎo de jīchǔ. Wèi jiǎnshǎo shèqū mócā, shìyìng dà guīmó liúliàng shāngyòng jìnchéng de yèwù fāzhǎn qūshì hé yùnxíng móshì, wǒmen tíchūle kě bìnggòu de zhìlǐ jiàgòu MER. Kě bìnggòu de zhìlǐ jiàgòu MER shǐdé MTC nénggòu mǎnzú chuántǒng liúliàng hé wàibù qū kuài liàn liúliàng de tèshū zhìlǐ yāoqiú, tóngshí yě néng mǎnzú kuà liàn de liàn wài tèshū zhìlǐ hé cóng fēi xǔkě liàn dào xǔkě liàn guòdù +xiéyì jiān liúliàng bìnggòu. Méi tè kǎ fū shēngtài jīngjì móxíng yījù méi tè kǎ fū fǎzé ér lái, shòu gāi fǎzé de qǐfā, wǒmen shèjìle yī zhǒng zhèng xiàng fǎnkuì de jīngjì jīzhì, nénggòu shíxiàn měi yīgè liúliàng yìngyòng de jiē rù wéi zhěnggè MTC jiàzhí dài lái píngfāng jiā chéng de jiàzhí zēngzhǎng.It can standardize according to our understanding of blockchain value flow, and build a distributed flow paradigm of “logical unification, sinking of physical nodes” and “multi-centralized traditional traffic”.It provides a distributed, replicable traffic business operation model for the Internet. MTCENGINE is also a basic traffic platform. As a traffic integrated intelligent engine, other service providers can also build their own traffic applications on the platform.
In order to serve large-scale traffic commercial applications, the MTC intelligent traffic chain uses a Byzantine fault-tolerant consensus algorithm MBFT that integrates traffic elements. It not only allows MTC to have better compatibility, but also provides a good foundation for the merger governance mechanism.
In order to reduce community friction and adapt to the business development trend and operation mode of the large-scale traffic commercial process, we have proposed a mergerable governance structure MER.The mergeable governance structure MER enables MTC to meet the special governance requirements of traditional traffic and external blockchain traffic. At the same time, it can also meet the special governance of cross-chain off-chain and the transition from non-licensed chain to permissioned chain + inter-protocol traffic mergers.
The Metcalfe ecological economic model is based on Metcalfe’s law. Inspired by this law, we have designed a positive feedback economic mechanism that can realize the access of each traffic application to bring the value of square plus multiplication to the entire MTC value.
Host: Nowadays, ecological funds are being valued by more and more project parties. What do you think is the main role of ecological funds in a project? To what extent can it affect the development of a project?
Rocky: Yes, more and more people are paying attention to the ecological fund, which precisely reflects its influence on the development of the project.
First of all, through the effective allocation of fund capital and resource synergy, it can help a project to complete the application ecological evolution and upgrade, play a multiplier effect, and realize systematic investment. For example, in August this year, IPFS established the Industrial Ecological Fund, with the purpose of deeply participating in the incubation of IPFS-based distributed storage projects and creating ecological integrity and diversity.
And not only project parties, but industry participants including exchanges and investment institutions are also launching ecological funds one after another.The purpose is to provide a better growth environment for start-up teams, expand their own ecological boundaries, and help the healthy and orderly development of the industry.
In addition, through the ecological fund, we can find “entrepreneurs” with vision and self-motivated rather than speculators. For a project to develop well, people are more important than money. These are also the original intention of MTC to establish the “M+” fund. Professional talents and teams to release their potential and do more valuable things.
As for how much an ecological fund can play, this is related to the long-term operation and planning of the ecological fund. The most important thing is to find the right place and use it for people.
Host: Not long ago, MTC officially launched the “M+” fund. Can you introduce the specific content of the “M+” fund?
Rocky: “M+ Fund” (M Fund) is an ecological fund launched by us, which is mainly used to help market construction and cultivate a more professional and systematic high-quality community team. The “M+” fund will work with the M+ plan to accelerate the ecological prosperity of MTC and the integration and landing of the entire blockchain industry and the real economy.
As the world’s first professional community incubation fund, the “M+” fund can provide the founding team with funds, resources and other support. And through the professional talent training mechanism and special offline practical courses, the comprehensive strength of the team can be improved in all directions .
The “M+” Fund has issued a tens of millions of support plans, with 4 million MFs issued in the first phase, and 6 million MFs continued to be issued. MF is a stable value token launched based on the MTC public chain. Users can exchange at a constant ratio of 1MF/1CNY. Relevant transaction information can be queried on the MTC blockchain browser to ensure open and transparent information. Another point is that the issuance and transaction of MF use MTC protocol.
Host: You just mentioned the M+ traffic blue ocean commercial plan. What are the specific contents of the M+ plan? What is the purpose of launching this plan?
Rocky: After entering the MTC 2.0 era, we formulated a blue ocean commercial plan for MTC traffic (code-named M+). The main purpose is to make full use of the advantages of MTC’s “integrated traffic management” and “compatibility with centralized and decentralized traffic paradigm” through multi-faceted support. To promote and cultivate the application of intelligent traffic chains in high-traffic applications, such as live video, Large-scale games, large-scale advertisements, autonomous driving (5G), Internet of Things, CDN acceleration and other scenarios.
Excellent teams and entrepreneurs joining the MTC ecosystem will receive our all-round support in terms of capital, technology and manpower.
Specifically, financial support: MTC will provide financial support and rewards to project partners who join the commercial ecosystem. Part of the funds is the positive feedback of Metcalfe’s ecological economic model, which is automatically adjusted by the MTC system. The other part is the MTC Ecological Fund Pool, which rewards outstanding teams participating in the M+ plan annually. The first batch of teams to join receive 10% of the M currency reward from the reward fund pool.
Technical support: We will provide free support such as program design, code testing, operation management, interface management, etc. We also provide integrated traffic management, private domain traffic creation, business reconstruction and transformation, node deployment, blockchain mergers, and token model upgrades for projects that access the ecosystem.
Human support includes: We will provide core members with a series of human support for participating in project construction, including free technical consultants, participating in roadshows, educational services, code consultants, and emergency incident handling.
Host: What is the current progress of the “M+” fund? Are there any requirements for the application?
Rocky: At present, the “M+” fund 10 million support fund has been opened for application, and the official announced the first support list and funding on November 12. The first batch of application communities totaled 44, with a total application amount of 818,702 million yuan. According to the submitted community construction plan, 22 communities were approved and the actual approved amount was RMB 1,166,200. Whether it is an existing project in the MTC ecosystem, or other outstanding entrepreneurs and traditional project teams in the industry, you can come to apply.
When launching the “M+” fund, we felt that “dreams should be realized, and there is no threshold for aspirations”, so we did not set various high thresholds.The “M+” fund is open to the entire network. As long as you are motivated, as long as you want to build a high-quality team and a strong team system, you can apply. We are open to everyone!
We want to use the “M+” fund so that every person of insight who is motivated and wants to build a high-quality team system has the possibility of success.And by building an ecological backfeeding development model of foundation + high-quality community, all high-quality communities and “M+” funds will work together to create a prosperous application ecology for the blockchain industry.
Host: In addition to the “M+” fund, MTC recently launched an MTC public chain wallet. What functions does this wallet currently support? What are the advantages?
Rocky: MTC Wallet (MTCWallet) is mainly linked to the MTC ecosystem, and now supports diversified digital assets in the ecosystem such as the main chain token M currency, side chain token MT, and “M+” fund token MF.The wallet is convenient for user management and allows users to deeply participate in the MTC ecological construction process. In the future, MTC wallet will continue to open other functions to fully meet user needs.
For users, the safety of funds always comes first. MTC Wallet supports free node switching and breakpoint reconnection to ensure the stability and reliability of nodes. It also uses local storage of private keys, physical isolation, and multi-layer algorithm encryption to ensure data security and realize safe asset management.
MTC Wallet is committed to providing safe and easy-to-use one-stop asset management services for users around the world. Users can quickly trade and use application services. At the same time, ensure that 100% of the assets are under their control. In the future, we will continue to launch more basic tools and services for the convenience of users, so stay tuned!
Host: MTC officially launched the mainstream Korean exchange BW on November 10. What is the current situation in the Korean market? Is it convenient to reveal the future development plan of MTC?
Rocky: Yes, MTC officially launched the Korea Exchange BW on November 10th. At the same time, we also introduced two top talents in the industry, namely JIN KO graduated from Yonsei University in South Korea and Jesse Park from Yonsei University.
JIN KO used to work for Samsung Private Capital, engaged in investment and finance, and led a team in charge of multiple multinational projects. In the future, JIN KO will lead MTC’s work in cross-border operations and business development.
Jesse Park, once led the technical team in the research laboratory of a Korean university. In addition, she has served as the head of database projects in a well-known think tank in South Korea, and has executed a number of government projects related to data processing. They will jointly promote MTC’s market layout in South Korea.
The entry of MTC into South Korea this time is an important step in MTC’s internationalization strategy. In the future, MTC will continue to accelerate the pace of international development. We have also combined the “M+” fund and the M+ flow blue ocean commercial plan to create a global high flow application matrix.
Of course, while looking at the world, we will focus on our own development needs and continue to deepen our efforts. Next, we 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.We will work with more online and offline partners to continue to implement large-volume applications in multiple fields and establish an MTC smart traffic ecosystem.