Arweave (Formerly Archain) Joins World-Renowned Startup Accelerator Techstars
After much fierce competition from hundreds of innovative startups, Arweave (formerly Archain) has joined the prestigious Techstars startup accelerator program after a successful seed token sale in late 2017. Techstars were early investors in Uber, Digital Ocean, SendGrid, and a number of other massively successful companies.
Arweave is building a new internet on a blockweave - an evolved, massively scalable blockchain. By creating a globally distributed archiving system using modified cryptocurrency technologies, Arweave offers truly permanent information storage for the first time. You can find out more about Arweave and their upcoming token sale at their website. To read more about this collaboration with Techstars, visit Arweave’s blog post.
Multiversum: Relations for Complex Entities
Multiversum was developed to tackle the elephant in the room: the simplistic nature of first-generation blockchain. While blockchain has some amazing features - immutability, transparency and security - it has major issues in terms of scalability and speed.
Recent high-profile examples showcased the inefficiencies of the technology. In December, CrypoKitties exposed the fragility of Ethereum, often banded the supercomputer of blockchain. The entire platform ground to a halt as the craze for CryptoKitties skyrocketed for a few weeks, and then just as suddenly disappeared from view. Transaction speeds were killed and fees climbed dramatically.
Multiversum founder and visionary Andrea Taini discovered blockchain and could see its attraction. “But I could also see its limitations.” he says. “Organizations such as government or large corporates have complex systems with myriad layers of data distributed across the ecosystem. Data is the lifeblood of any corporate but it is not laid out in neat lines of blocks. It is meshed throughout the systems with complex relational links. This is where blockchain falls down. It is not mature or sophisticated enough to work with multilayered companies.”
Taini developed Multiversum technology to address this. The Multiversum blockchain pushes traditional blockchain beyond its current limits, by enhancing the data layer through self-verifying and distributed structures of organized data entities, related one to another by symbolic links.
This technology set the foundations for a decentralized and distributed system of coherent self-verifying transactions: Multiversum blockchain.
Multiversum allows, instead of the existing blockchain simple data model, the creation of a Relational Crypto Database (an advanced and organized data storage solution) which can handle not just a single data-type, but a series of data grouped in graphs of complex data structures related to one another. Relations are now the first-class citizens of the blockchain and are assured by cryptographic methods.
Therefore, Multiversum is an evolved blockchain technology, offering unique features to overcome the previously analyzed inconveniences, with a set a crypto-validation and distribution techniques fit for every environment: administrative, industrial, financial and governmental.
Find out more from the team themselves on their Telegram channel.
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