The table below signifies the current transaction scenario:
Name |
TPS |
Bitcoin |
3-4 |
Ethereum |
20 |
Paypal |
193 |
Visa |
24,000 |
MoonChain’s mission is to connect the world through its most innovative, fast and secure technology that is designed to cater to the modern financial market. The DLT is embedded with a cross-asset engine which is powered by proprietary MoonX implication engine. The Implication Engine of MoonX is the first-of-its-kind system which allows users to convert their base trading currency into any desired format. For instance, a user will be able to convert from THB to KRW without having to go through currency pairs. This improves liquidity and the trading volume but at the same time provides a chance for every currency to compete with the rest. By abutting spread, the implied order functionality of MoonX increases liquidity even in illiquid markets. Also, traditional models in currency transfer come with higher remittance fees to cover the expenses related to payment processing. MoonX, with its top-notch algorithm, relieves users of the hefty fees levied by banks to send currencies across borders.
MoonChain supports more than 100 million accounts at peak scale with near-linear scaling architecture. The product is being built to support a larger account base with a higher transaction throughput per account. The system offers the industry’s lowest latency, accommodates exceptionally high throughput, and has in-built fault tolerance, risk management, and disaster recovery mode. With the throughput of several million transactions per second, ultra-lean design with advanced risk controls shall be incorporated.