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A collection of a series of protocols that calculates all hash values in a unified format.

The Multiformats project is a collection of a series of protocols. Based on the existing protocols, the value (value: usually has a certain expressive meaning) is self-describing and transformed, that is, how the value is generated can be known from the value. Does it sound a little difficult to understand? Use specific examples to explain as follows.

The cross-chain infrastructure Multichain officially supports the Hoo Smart Chain ecology: According to news on June 6, the cross-chain infrastructure Multichain (formerly AnySwap) has announced to join the Hoo Smart Chain "All Things Growth Plan" and officially supports USDT in Hoo Cross-chain between Smart Chain and 6 public chains including Ethereum, BNB Chain, and Gate Chain.

The Hoo Smart Chain "All Things Growth Plan" is committed to promoting the development of different sections of decentralized applications, exploring infinite possibilities including visual public chain ecology, metaverse public chain, etc. Multichain said that in the future, it will support multiple assets to perform safe, fast and low-fee cross-chain between Hoo Smart Chain and more blockchains, and work together to build a multi-chain world. [2022/6/6 4:05:01]

The current Multiformats protocol includes protocols such as Multihash, Multiaddr, Multibase, Multicodec, Multistream, and Multigram.

Multichain will launch the veMULTI mainnet next Monday: On May 5, according to official news, Multichain will launch the veMULTI mainnet next Monday. The Multichain Bridge fee for Q1 of 2022 ($3,901,975.04) will be issued in the next 9 weeks. Staking will be open on May 9, and reward activities will start on May 12.

According to previous reports, Multichain has launched the veMULTI test network, and will open a week-long veMULTI public beta event from April 29th to May 5th at 8:00 am (UTC time). During the event, Multichain will issue MULTI test coins to participants. [2022/5/5 2:52:34]

Take Multihash as an example. Usually, the hash calculation method we use is a certain implementation, such as sha1, sha2-256, etc. Hash calculation can be seen almost everywhere in our software engineering, especially blockchain projects.

Coinbase will remove support for Multisig Vaults within a month: According to coindesk, Coinbase is removing support for Multisig Vaults. Coinbase said that by removing this feature, it can spend more time ensuring the security and reliability of the platform. The last time this feature was removed was April 19. Multisig vaults were originally introduced as clients manage their private keys and control their own security. [2018/3/22]

Multiformats unifies all hash value calculations into the same format, which will bring many benefits to system developers, such as encryption function upgrades, etc.


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