MGP

MGP's vision is to build a broad digital trust, free flow of assets, common application of the blockchain network ecology.



Why MGP ?



DPOS Consensus


Delegated Proof-of-Stake consensus algorithm have proven itself as the only consensus algorithm that is able to provide transaction speeds equivalent to the centralized systems, while still preserving decentralization and advantages of blockchain. Under DPOS algorithm, token holders choose block producing nodes by a process of continuous voting. The voting power of a node is determined by the amount of tokens the node have staked into the system. Any node can start producing blocks, but must persuade users for votes Assuming that no node misses its own cycle, the longest chain will be generated. The block producer is invalid at any time other than the scheduled round. However, there may be malicious or faulty nodes creating a few bifurcations. To ensure that the chain where the honest node is located becomes the most long chain, the number of honest nodes is required to account for more than two thirds of the total.

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DPOS Consensus


Delegated Proof-of-Stake consensus algorithm have proven itself as the only consensus algorithm that is able to provide transaction speeds equivalent to the centralized systems, while still preserving decentralization and advantages of blockchain. Under DPOS algorithm, token holders choose block producing nodes by a process of continuous voting. The voting power of a node is determined by the amount of tokens the node have staked into the system. Any node can start producing blocks, but must persuade users for votes Assuming that no node misses its own cycle, the longest chain will be generated. The block producer is invalid at any time other than the scheduled round. However, there may be malicious or faulty nodes creating a few bifurcations. To ensure that the chain where the honest node is located becomes the most long chain, the number of honest nodes is required to account for more than two thirds of the total.



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Smart contracts platform


For developments of DApps on MGP’s ecosystem, MGP Virtual Machine (MVM) is designed as a lightweight, Turing complete virtual machine. It is a High-Performance Blockchain WebAssembly Interpreter with the goal to provide a custom-built blockchain system that is efficient, convenient, stable, secure and scalable. MGP supports the placement of executable scripts that can be associated with a user address. The logic defined in the scripts can be executed over a turing complete deterministic state machine, the result of which can be stored on the blockchain as transactions. These scripts are defined as the smart contracts, that can consist of business logic with various operations defined that can be permissioned or open.






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Features

What makes our platform unique


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Low latency

Today’s big Blockchain applications use centralised servers to process transactions because the latency of current Blockchain platforms is very high to manage millions of users. This has been a major problem in bringing trust amongst users because most Blockchain applications are only so-called decentralised and people thus prefer to use centralised applications. Thus a Blockchain platform that has scaling potential where it can easily support millions of users and millions of transactions is needed for sustainable growth and adoption of Blockchain technology

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Free of Transaction Cost

Today information has become global due to social media but not for small businesses. The biggest hurdle in small businesses from doing business world-wide is huge transaction fees for international remittances. It is said that Indian workers living abroad send upto $70 Billion to India every year and lose upto $8 Billion USD in transaction fees. A Blockchain platform that is free to use for users will likely gain more widespread adoption. Developers and businesses can then create effective monetization strategies and attract more users.

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Data Privacy and Anonymity

Data privacy is one of the major concerns of our age because most of the giant Tech companies have been accused to mine private data of users and run campaigns accordingly to influence their choices in politics, purchase products, etc. A Blockchain platform powered by smart contracts that does not store and use private data and is anonymous maintaining and fulfilling transactions is dire need of this generation for sustainable growth of technology





Products

Mango Global Payment



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MGP Transfer

Bitcoin is the most trusted and stable cryptocurrency, if not fastest and cheapest way to transfer money through cryptocurrency. Thus we bring to you mBTC. mBTC will have trustworthiness and stability of Bitcoin, and it solves the issue of speed and fees. This is because price of mBTC will be pegged at BTC. Because mBTC is a token based on MGP chain, the transaction fees of mBTC will be upto a fraction amount compared to BTC, and the transaction speeds will be upto 50x faster than BTC. mBTC is a stable coin pegged 1:1 with our very own Bitcoin ( BTC ). Anybody can use their bitcoin to get mBTC.



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MGP Pay

MGP Pay is the newest way to accept cryptocurrency payments from all over the world. 35 MGP Pay can be used by merchants to accept Bitcoin and other cryptocurrencies, gain new customers, and avoid the cost of high fees and chargebacks. From setup to settlement, MGP Pay makes accepting these payments easy. The merchants can accept blockchain payments across multiple devices with the MGP Pay Checkout app. Some important features of MGP Pay are : No price volatility - MGP Pay shields you from the price volatility of Bitcoin and Bitcoin Cash. You get exactly what you charge, minus a flat 1% fee. Quick bank settlement - MGP Pay can settle funds to your bank account via it’s exchange partners facilitating crypto to fiat bridge in over 50 countries.



MGP Pay

MGP Pay is the newest way to accept cryptocurrency payments from all over the world. 35 MGP Pay can be used by merchants to accept Bitcoin and other cryptocurrencies, gain new customers, and avoid the cost of high fees and chargebacks. From setup to settlement, MGP Pay makes accepting these payments easy. The merchants can accept blockchain payments across multiple devices with the MGP Pay Checkout app. Some important features of MGP Pay are : No price volatility - MGP Pay shields you from the price volatility of Bitcoin and Bitcoin Cash. You get exactly what you charge, minus a flat 1% fee. Quick bank settlement - MGP Pay can settle funds to your bank accoun t via it’s exchange partners facilitating crypto to fiat bridge in over 50 countries.

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MGP Invest

Save and Invest while spending without any hassle. The MGP invest platform allows you to automatically invest and save your spare change from everyday credit or debit card purchases into MGP Pay and thus invest in cryptocurrency.



MGP Browser

MGP Pay is the newest way to accept cryptocurrency payments from all over the world. 35 MGP Pay can be used by merchants to accept Bitcoin and other cryptocurrencies, gain new customers, and avoid the cost of high fees and chargebacks. From setup to settlement, MGP Pay makes accepting these payments easy. The merchants can accept blockchain payments across multiple devices with the MGP Pay Checkout app. Some important features of MGP Pay are : No price volatility - MGP Pay shields you from the price volatility of Bitcoin and Bitcoin Cash. You get exactly what you charge, minus a flat 1% fee. Quick bank settlement - MGP Pay can settle funds to your bank account via it’s exchange partners facilitating crypto to fiat bridge in over 50 countries.

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MGP Browser

MGP Pay is the newest way to accept cryptocurrency payments from all over the world. 35 MGP Pay can be used by merchants to accept Bitcoin and other cryptocurrencies, gain new customers, and avoid the cost of high fees and chargebacks. From setup to settlement, MGP Pay makes accepting these payments easy. The merchants can accept blockchain payments across multiple devices with the MGP Pay Checkout app. Some important features of MGP Pay are : No price volatility - MGP Pay shields you from the price volatility of Bitcoin and Bitcoin Cash. You get exactly what you charge, minus a flat 1% fee. Quick bank settlement - MGP Pay can settle funds to your bank account via it’s exchange partners facilitating crypto to fiat bridge in over 50 countries. Lorem.





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