Article Summary, Automatically Generated By AI
Summary of Moonsama
Numbers and Figures:
- 2022: Moonsama’s blockchain was launched in October
- 30+: Team members
- 5 seconds: Average block confirmation time
Case Studies and Examples:
- Moonsama’s main governing collection launched a year before the blockchain
- Gavin Wood, co-founder of Ethereum and Polkadot, has taken notice of Moonsama’s proof of authority (POA) consensus protocol
Takeaways and Insights:
- Moonsama is a blockchain tailored for metaverses, NFTs, and Web3 gaming
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About Moonsama
In the realm of cryptocurrency, a new luminary has emerged: Moonsama, a trailblazing platform poised to revolutionize the digital asset landscape.
Moonsama is a bespoke blockchain designed to empower the development of immersive metaverses, unique non-fungible tokens (NFTs), and Web3 gaming experiences. Conceived by a team of world-class blockchain engineers, Moonsama operates as a standalone network built upon the Ethereum Virtual Machine (EVM). This architecture ensures seamless compatibility, allowing external projects to effortlessly integrate or migrate to Moonsama, thereby leveraging its capabilities, including the creation and trading of vast volumes of tokenized in-game items and diverse NFTs across gaming, music, and fashion domains.
Moonsama’s blockchain was inaugurated in October 2022, approximately a year after the launch of its main governing collection, and has since expanded to comprise over 30 team members, fostering thriving metaverses. This Layer 1 blockchain was conceived in response to the escalating complexity of our diverse product portfolio, coupled with the looming risk of outgrowing the platforms that hosted our technology, thereby necessitating a bespoke network rather than relying on third-party blockchains. It serves as the foundation of the Moonsama ecosystem, which encompasses a diverse range of products and services, including multi-chain blockchain solutions, NFT collections, games, Web3 assets, NFT marketplaces, and immersive metaverses.
Moonsama harnesses the innovative proof of authority (POA) consensus protocol, which leverages non-fungible tokens (NFTs) from the Moonsama collection as a novel voting mechanism to govern the blockchain. This pioneering system has been rigorously tested within our ecosystem and has garnered the attention of esteemed industry figures, including Gavin Wood, co-founder of Ethereum and Polkadot. Notably, it offers several significant advantages over conventional PoS governance, including: Higher voter participation, Gamification of the voting process, and Enhanced protection against manipulation.
The SAMA coin serves as the native cryptocurrency of Moonsama, primarily utilized for settling gas fees and seamlessly integrating with Moonsama’s diverse range of services. Optimized for handling substantial volumes of in-game items, governance, digital asset creation, and facilitating interoperability between Web3 and Web2 applications, this coin is designed for high-performance transactions. The network boasts remarkably low transaction costs and rapid block confirmations, averaging a mere 5 seconds, with fees kept exceptionally low, making it an ideal choice for metaverses and gaming applications that require large volumes of transactions. Moonsama is meticulously tailored to cater to the unique needs of gaming and NFTs within the Web3 ecosystem.
Ultimately, Moonsama will evolve into a fully-fledged Polkadot parachain, thereby harnessing the benefits of interoperability with other blockchains, a shared security mechanism, and the technological capabilities necessary to develop bespoke functionality that enhances the blockchain’s overall efficiency.
Delve deeper into the world of Moonsama by visiting
moonsama.com
and perusing our comprehensive whitepaper:
https://moonsama.notion.site/Moonsama-Network-Whitepaper-ff9692de079e4060a6309eaf76540e14
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