Moca Network launches Moca Chain – a groundbreaking Layer-1 blockchain for Web3
Moca Network, a key project of the Web3 investment giant, Animoca Brands, is preparing to launch Moca Chain – an optimized Layer-1 blockchain for independent user identity verification, away from centralized platforms. Moca Chain aims to tackle one of the biggest challenges in the cryptocurrency ecosystem: protecting personal data ownership and decentralized identity verification.
Moca Chain supports cross-chain identity verification
In particular, Moca Chain provides a multi-chain user authentication mechanism, similar to the familiar single sign-on service in the Web2 era. This helps Web3 projects easily verify user data without relying on third-party intermediaries, optimizing the experience as well as security.
Roadmap for the launch of Moca Chain's testnet and mainnet
The testnet of Moca Chain is expected to launch in the third quarter of this year. The mainnet will be launched before the end of the year, marking an important milestone for the cryptocurrency ecosystem in decentralized identity. The native token MOCA will play a key role in the staking system to guarantee the network, while being used to pay for storage services, data creation, and verification.
The development vision and significance of Moca Chain in the Web3 era
Yat Siu, founder of Animoca Brands, emphasized that the project is committed to building a digital ecosystem where users truly own their data, reputation value, and contributions. This is an important step forward in promoting the development of digital asset ownership in the Web3 ecosystem, expanding the application range of cryptocurrency in increasingly deep digital life.
Moca Chain is not just a new Layer-1 blockchain; it serves as an important infrastructure layer supporting a transparent and autonomous Web3 environment, ushering in an era of decentralized identity verification, promoting higher privacy and security for global cryptocurrency users. With the MOCA token and groundbreaking features, the project promises to attract significant attention from the development community and investors in the near future.
Source: https://tintucbitcoin.com/moca-network-ra-mat-chuoi-l1-so/
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