Introduction: Just at 6 pm yesterday, June 6th, 2018, the DAG Public Chain Moor (MOL) officially conducted an open beta and the transaction confirmation time was only 7 seconds.
What does 7 seconds of mole mole mean?
The pursuit of transaction convenience is the driving force behind the improvement of trading methods.
Presumably we all know that Bitcoin's transaction confirmation time is too long, which is an hour. This long wait is anxious. Such a long time increases the uncertainty of the transaction; even if Ethereum, the transaction confirmation time needs 10 In minutes or so, it has been a great improvement compared to Bitcoin. But it seems that this is not enough and everyone is still pursuing a faster way of trading.
If there is a new technology, the transaction confirmation time can be significantly shortened, the transaction time can be confirmed as fast as 50 milliseconds, and the transaction cost is also zero. Do you think that you as a blockchain technology will use it? The answer is no doubt.
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The Moore Chain (MOL) is such a brand-new technology.
At 6 pm on June 6, 2018, the DAG Public Chain Moor (MOL) officially completed the test and the transaction confirmation time was only 7 seconds.
The beta test showed a 10,000-mole transfer transaction from Tina in the Gabonese Republic of Africa at 6:09 pm on June 6, 2018 to nokix in Shenzhen, China. Trading block Hash7C96AB87127580E96C3E44180883556EA635E7CCC5E37746D26352A73BE13620, confirmed by the transaction. The time is 7 seconds.
Major media reports
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7 seconds to confirm the transaction, the transaction fee is waived. What does this mean?
In comparison, the one-hour trading of Bitcoin, the ten minutes of Ethereum, and Moore's seven-second trading time mean a tremendous improvement, greatly exceeding Bitcoin and Ethereum. At a considerable speed, Moore's trading time can reach 50 milliseconds at the earliest. In the future, this technology can be used for mobile payment and transaction, just like Alipay in blockchain technology.
In the later period, Moore will launch a fan meeting in 20 cities across the country from June to July. Please let everyone know.