How Is MaataData Blockchain Better Than Others?

Is MaataData's platform secure, scalable and decentralized?

All blockchain related projects face what Ethereum's founder Vatalik Buterin described as The Scalability Trilemma. That is, the Scalability Trilemma forces all blockchain project teams to balance between three critical issues when optimizing their blockchain: decentralization, security, and scalability. Most blockchain project teams, therefore, are forced to focus on two of these critical issues at the expense of the third.

Not so with MaataData's integrated blockchain database protocol. The engineering team at MaataData has conceived a novel approach for optimizing both security and scalability (and privacy) while at the same time achieving decentralization.

Why is MaataData's integrated blockchain database better than other databases?

Some hybrid blockchain databases store transactional information on chain while the underlying data is stored off chain, typically at a centralized storage site. As such, there is no decentralized data storage and therefore such a centralized structure heightens the risk of sabotage.

In contrast, data is stored across the entire MaataData network in a decentralized fashion. By storing data dispersed across the entire network, the MaataData network helps to decrease a number of risks that may otherwise be associated with data that is held centrally.

It lacks centralized points of vulnerability that malicious third parties may attack. There are no potential central points of failure.

Moreover, centralized remote storage will often make querying stored data difficult and data access times may be slow. MaataData allows for stored data to be quickly and efficiently queried and searched.

Another advantage of the MaataData system is that it stores both the transaction data and the related data in the same layer. These stored data assets can therefore be easily and quickly retrieved as there is no central server storing the assets.

How are transactions on MaataData's network cheaper than other blockchains?

With MaataData's novel blockchain technology, there are simply no transaction or gas fees. You will incur no costs to get any of your transactions verified to the blockchain and therefore you will not incur any costs getting your data stored to our decentralized database.

Compare that to your standard blockchains. For example, Ethereum's gas fees can range anywhere from about $6 to about $250, depending on the network congestion.

Moreover, with certain Proof of Stake systems, nodes are required to invest and lockup a certain staking amount so as to allow them to actively participate in the blockchain ecosystem.

With MaataData, there is simply no need for active nodes to lockup in any amount of a staking investment.

How is MaataData more energy efficient than other blockchains?

How does MaataData prevent hacking events?

The benefits of moving business data from centralized network to a decentralized network is no longer in debate. Hacking servers with ransomware, by foreign entities is at all time and billions of dollars in critical business data is being stolen.

How is MaataData better than Bitcoin

To produce a bitcoin, one must expend energy. Unlike any fiat currency, it is not inflationary and cannot be easily manipulated. Bitcoin is currently a store of value, but it is not a good unit of exchange for trade.

Currently, energy is expended to produce a bitcoin. However, while producing bitcoin, if useful products can be created during this process other than just a hash number, bitcoin's value will increase because the reason for energy getting expended may be justifiable.

While the U.S. dollar is a good for trade as a unit of exchange, it is centralized and as such, open to corruption. If the dollar was not centralized, and gets decentralized, it would have been an excellent unit of exchange.

If each person in the world (eg: to 8 billion people) could have a node that has a blockchain record of all coins traded, this coin or dollar or unit of exchange could not be manipulated because one would have to request from each of the nodes.

A distributed decentralized blockchain to 8 billion people would be a perfect dollar or unit of exchange but to handle the bandwidth, we would need heavy computing for each node, which could be possible in the future.

But if the distribution is smaller, for example to a million people, MaataData's blockchain could handle the bandwidth of millions of transactions a second.

The distribution of a million independent locations will still establish decentralization more than Bitcoin and people can access for their trade any of the million nodes.

Each node would take a transaction fee to cover its computer or server setup. If a critical mass of users accept MaataData's decentralized coin, it could not be fragmented.

This blockchain coin is not based on energy but on the amount of people. Energy is decentralized but people is more decentralized and will protect the network with their judgement.

How is MaataData better than Solana?

Solana's network degrades when there are high volume of compute transactions

Solana's network has gone down a few times in the last few months. The proof of history consensus does not appear to be stable. While their website states a 65,000 TPS speed throughput, the downing of the network seems to be due to an overload caused by the transaction queue. 65K TPS may be possible in a burst, but it does not appear to be sustainable. While the transaction speed of Ethereum is slow, an overload of transactions does not bring the network down.

Here's one official statement from Solana: "The network is experiencing degraded performance due to an increase in high compute transactions, which is reducing network capacity to several thousand transactions per second. This is leading to increased loading and transaction processing times, and some failed transactions."

The overload of transactions could be due to a DDOS attack or just an increased number of developers using the platform.

Data is not immutable when network goes down

When the Solana network went down, it appears all the data was wiped out. To restore the network, external sources of passive nodes were used and the time it took was get the network back up and running was from 6 hours to a day. Why would it take so long? We believe the high speed alleged by Solana cannot assure security nor immutability. If transaction volume increases, then gas price will likely increase similar to Ethereum.

Smart contracts are computed on central server nodes

Similar to Ethereum, computing smart contracts on Solana is done on central node. To execute multiple smart contracts, one needs a big computer node. The centralized computing setup of the smart contracts cannot scale and is actually similar to old mainframes. It is worse than the current client-server setup where all logic is executed on the client's side. Current Dapp platforms that uses smart contracts are fundamentally flawed.

Higher TPS speed not likely on Solana's network

Solana states that their speed will increase by Moore’s law which depends on faster hardware – not parallel processing. Moore’s law can currently only work with more parallel processing (which is how MaataData's TPS speed increases) and not any more faster hardware. We believe Solana’s TPS speed will probably not increase in the future.

Costly to be a validator node on Solana's network

In principle, Solana is not decentralized. It costs ~$150 per day ($55,000 per year) to be a validator node in the network so not many can join the network.

How is MaataData better than the Bitcoin network?

Bitcoin consumes too much energy

The proof of work consensus that the Bitcoin network relies up on is based on energy.

To mine bitcoins, energy is consumed. A volcano can be a source of energy, a waterfall can be a source of energy, solar from the sun can be a source of energy, water and wind can be sources of energy.

Bitcoin is not backed by commodities, or by property, or by gold, or by the dollar. It is backed by energy. To produce a bitcoin cost requires a certain amount of energy.

Energy cannot be manipulated like the dollar. Printing more dollars disrupts the market because of the dollar's worth would ned to be adjusted.

The measuring unit to determine bitcoin's value is not inflationary like the dollar. Energy cannot be manipulated. Energy is not centralized so that someone can inflate it. The sun shines, wind blows, water runs and oil, coil and wood is burned all over the globe.

This fact decentralizes energy and, therefore, bitcoin. This energy cannot be controlled.

Oil, coal and wood should not be the source of energy. It is not good for our planet for us to continuously contaminate the air and water.

We can use solar energy of the sun and the sand from the earth to power our intelligence, to produce any structure which we deemed useful (like a house, car, computer, robot, communication etc.).

To have a fair monetary system, we must compare apples with apples.

Dollar is not decentralized

The dollar as a measuring unit falls into corruption. But how do you trade different commodities without a global measuring unit like the dollar? You have to exchange energy for energy.

A blockchain coin is produced by energy – and so also, any commodity can be produced by energy.

For the blockchain coin to represent all commodities, it must be worth all the commodities – so half of the energy to produce coins and half the energy to produce commodities (like houses, cars, products, robots etc.).

Bitcoin represents therefore these properties: a coin is produced by energy, the energy is decentralized, the coins are not inflationary and cannot be easily manipulated.

The dollar doesn’t have these properties: it is produced mostly out of thin air, it is not decentralized and it is inflationary and can be manipulated.

Gold because it is not so decentralized as the sun can therefore be controlled and manipulated to make it an unsure store of value.

Bitcoin is currently a store of value but no a good unit of exchange for trade.

So, a blockchain coin can improve to be a store of value, a unit of exchange and a unit of security.

While energy is the source of the blockchain coin - decentralization will be established by competition.

The blockchain coin will be also the best medium of exchange because energy will be exchanged for energy.

Currently blockchain coin waste energy to produce a coin, but if it can produce useful products in the process its value will increase.

If the winner is not a useless hash number, but a useful product - the reason for energy to produce a coin would be justifiable.

MaataData's democratized token is truly decentralized

The dollar is a good technology for trade as a unit of exchange. The only problem is, it is centralized and therefore open to corruption.

If the dollar could be decentralized or democratized, it could be a perfect unit of exchange.

If each person could have a node that had a blockchain record of all coins traded, this coin or dollar or unit of exchange could not be manipulated.

To manipulate this democratized coin, one would have to change the judgement of each person who powered a node.

A distributed decentralized blockchain coin for 8 billion people would be a perfect unit of exchange, but to handle that bandwidth, the blockchain would need heavy computing power for each node, which is currently not possible, but maybe would be in the future.

But if the distribution of the coin on the blockchain is smaller, like a million or any significant number, it could handle the bandwidth of millions of transactions a second.

The distribution of a million independent locations will still establish decentralization more than bitcoin and people can access for their trade any of the million nodes.

Each node (of the million nodes) can ask a fee for trade to cover its computer setup (like 10 servers for example).

If a critical mass of people accepts this decentralized coin, it could not be fragmented.

A blockchain coin of this type is not based on energy but on the number of people in the network.

Energy is decentralized, but people are more decentralized and will protect the network with their judgement.