DIGITAL ASSET INDEX ⊕ DIGITAL VAULT ⊕ DIGITAL SAFETY DEPOSIT BOX
What is the MVault?
The MegaHoot Vault “MVault” is a multi-purpose platform where the continued development is increasing the utility of the platform within the MegaHoot ecosystem. The system features end to end encryption with proprietary security protocols in place to project members. This continuous evolution is allowing for the MVault to be much more than a safety deposit box for cryptocurrency but also a repository for various types of digital assets ranging from digital documents to non-fungible tokens and more to come. The MVault will be integrated in some form across the entire MegaHoot ecosystem.
MVAULT DIGITAL SAFEKEEPING BOX
The MVault’s digital safekeeping box feature is a form of cold storage for digital assets that are built on the Pecu Novus Blockchain Network, this can range from holding and project tokens to non-fungible tokens which represent anything from artwork, real estate, physical assets to decentralized autonomous organizations.
The digital safekeeping box also houses digital documents, such as agreements or other, that have been attached to a transaction on the Pecu Novus Blockchain or directly added to DocuMega.
SMART CONTRACTS
Another key feature of the MVault is the integration of smart contracts for transactions on the Pecu Novus Blockchain Network, this is a layer-2 system that works seamlessly on the blockchain. It allows both novice and advanced users to create simple or complex smart contracts using Typescript and not a complicated programming language. This will promote inclusion across a greater range globally.
MVAULT ESCROW SYSTEM
In promoting inclusion and fee reduction for smart contracts, the MVault features a simple contract that allows for coin or token holders to easily place their digital assets in escrow for a transaction with a date release. The Escrow System has been a staple of the MVault since 2017 and has evolved in 2022 to include escrow ability for coins, holding tokens, wrapped tokens, project tokens and non-fungible tokens that are built on the Pecu Novus Blockchain Network.