China's Mother of All Chains Seeks to Compete With Ethereum

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.

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 to the blockchain for distinct transaction types based on required computation power.

"In a blockchain system like Ethereum, there's no difference between a balance transfer transaction and a smart contract transaction All the transactions are handled at the global level, thus greatly limiting the TPS and the system-level performance."

Each MicroChain is individually configured for a transaction type on a separate consensus module.

"MOAC is to design a scalable and resilient Blockchain that supports transactions, data access, control flow in a layered structure. It creates the framework to allow users to execute Smart Contract in an efficient way. It also provides the architecture to spawn sub blockchains using underlying infrastructure quickly and easily."

"SAAM produces a dApp friendly ecosystem that allows developers to create the blockchain that best fits their use case. This creates a healthier ecosystem and increases TPS and system performance as more miners join."

How MOAC uses Cross-chain to integrate a divided blockchain.

Cross-chains provide the ability to make transactions across blockchains - connecting the communities behind once distinct networks.

In June 2017, MOAC raised nearly $7 million through its ICO and has since garnered immense support via Chinese social media communities like WeChat and QQ. Although MOAC is currently listed as an ERC20 token, like EOS and TRON, it will soon utilize its own native blockchain and token.