MYCRYPTOVIEW

Paper money, paper documents and all other bureaucracy are gradually disappearing from the financial world. We live in an era when the digital economy is gaining momentum. Digital assets provide maximum speed, and this is very important because the pace of people’s lives is also growing. Therefore, technology must keep up with the times. Progress is, however, always faced with various problems. One of the main problems is that technology is rapidly losing its relevance. What worked effectively a year ago is no longer relevant today. The world is constantly changing and new tools and technologies are emerging. To keep up with the world you need to work with a large number of high-performance tools, as well as to communicate with people from the financial industry.

The creation of new crypto-currency every day has led to more demand, publicity and usage of digital currency in which this has also increased the need for crypto-currency trading platform. There has been some exchange the platform which are working presently which should have been enough for trading of crypto-currency but unfortunately, they are not working to their full capacity as a result of increasing and growing in demand for digital currency. In order to fill the lapses and rectify the issues associated with the current exchange platform, Mycryptoview  team has launched a trading and exchange project which will see to all problem facing the current exchange platform.

In this article, I would like to introduce everyone to the next generation digital financial ecosystem based on blockchain. Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. Our guide will walk you through what it is, how it’s used and its history.

Although there are many outstanding advantages, there are still some noticeable disadvantages in the blockchain network: 51% attack, Ineffective, ….

Before you understand why Mycryptoview can be a worthy blockchain that you should use, you need to understand first the nature of the problem that it attempts to solve. Has a solution for this trilemma ever been attempted? Why is it so serious that solving it is a big matter?

Scalability trilemma is a term coined by Ethereum’s founder Vitalik Buterin and denoting the inevitable trilemma that every blockchain has to face during its deployment. The trilemma basically signifies that of the three superior features that every blockchain tries to attain, only two can be attained while the third needs to be sacrificed. These tree features are scalability, security, and decentralization. These three features can be explained as follows.

1. Scalability

The blockchain network constantly grows until the upper limit is reached. In a scalable blockchain network, this upper limit is dynamic and can be easily adjusted depending on the desired capacity of the network. All networks, including blockchain networks, can be designed to be scalable to allow them to grow infinitely; however, as the network grows, security, which will be explained below, will have to be compromised.

2. Security

Just like all kinds of networks, blockchain networks are also susceptible to attacks from both external and internal sources. A highly secure blockchain network has a high level of defensibility against such attacks. A decentralized network is generally more resistant to attacks due to the absence of a centralized entity that can be a sweet target. Maintaining a highly secure blockchain network is possible; however, too much focus on security will take its toll on the performance and scalability of the network.

3. Decentralization

Decentralization is the core feature of blockchain systems. One of the primary goals of the conception of Bitcoin is to make sure that transactions don’t have to be controlled and spied on by a centralized entity. Decentralization refers to the diversification of ownership, allowing the system to be owned by a community instead of a central individual. There are, however, costs that must be paid to ensure proper decentralization. The number of resources needed to maintain the network will be vast and ever-increasing, especially for dealing with PoW and other consensus algorithms. 

This will eventually take its toll on the network’s performance and scalability. And although a decentralized network is less prone to attacks, it is still susceptible to internal attacks like Sybil attack and DDoS.

Virtually all of the blockchain systems that are active today have to deal with this trilemma. Bitcoin has a superior decentralized and secure infrastructure; however, its performance and scalability are among the system’s worst features. It is so slow that block time often lasts up until 10 minutes. Ethereum comes to solve this scalability issue while maintaining a powerful decentralized platform; however, its security is among the weakest. The same compromise also has to be made by EOS, which is scalable and secure but is not considered a decentralized system.

To address these issues with the blockchain network, I will talk about the Mycryptoview!

The Mycryptoview  offers greater security guarantees than previous chains, which rely only on a single consensus mechanism, by utilizing three simultaneous methods of consensus. As a result, attacks on the Mycryptoview Network, such as a 51% attack, would require a much greater degree of computational power, creating a safe and secure blockchain ecosystem.

In the ecosystem of cryptocurrency exchange today, there exist two kinds of exchanges – centralized and decentralized exchanges (CEX and DEX). Centralized exchanges require a third-party or a middleman to keep it operational while the decentralized is a peer-to-peer system of operation void of a third-party. DEX is seen to be more secure, transparent and fast compared to CEX which can be manipulated by an external force or authority.

Mycryptoview is a new and much faster blockchain parallel to the existing Mycryptoview chain and uses Delegated Proof-of-Stake as its consensus algorithm. DNA provides far greater transactions per second and allows for powerful smart contracts that empower newer and more complex decentralized applications (DAPPs).

TOKEN INFORMATION

Token Sale- 400,000,000 Mcv

Community- 100,000,000 Mcv

Team And Founder- 150,000,000 Mcv

Platform Funding- 250,000,000 Mcv

Reserve- 100,000,000 Mcv

OFFICIAL RESOURCES

WEBSITE: https://mycryptoview.com/

ANN: https://bitcointalk.org/index.php?topic=5227768.0

TWITTER: https://twitter.com/MycryptoviewMCV

FACEBOOK: https://www.facebook.com/Mycryptoview-103234167889363/

WHITEPAPER: https://mycryptoview.com/Whitepaper.pdf

AUTHOR: walesodiya

BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=2160355

Wallet Address: 0x2Df783e72D852C27009249e4239C9e794866e855