Metaverse is the beginning of a new era for the Blockchain industry and throughout the world

INTRODUCTION

Since the first implementation of blockchain technology arrived with the Bitcoin network in 2008, ensuring adequate scalability has always been top of the agenda. Unlike traditional payment processors and databases, blockchains must remain scalable whilst also providing cryptographic security guarantees and adequate decentralization, a challenge blockchain experts have been trying to solve for a long time.

You may have read or heard these experts remarking that blockchain must solve its scalability issues before it can achieve widespread use. However, what scalability actually looks like in practice is ambiguous, and many users don’t fully understand the importance or relevance of blockchain scalability. In that regard, here we examine the importance of scalability and more practically, what happens when a blockchain can’t scale.  

What is blockchain scalability?

Scalability refers to the limitations of a blockchain network when it comes to processing transactions. Scalability doesn’t just have to be limited to transactions of value on a blockchain protocol, it can concern any transaction made on the network — such as those between participants on a decentralized application.Transaction speed, and therefore the ability of a blockchain to scale, is usually judged by how many transactions per second or TPS the network can handle.  

Most often, when blockchains boast a high TPS, they are making significant compromises in other critical areas — be it decentralization or security.Many blockchain experts call this the ‘scalability trilemma’ or the impossible trinity, the challenge of building a secure and scalable network without becoming centralized and therefore no longer representing a truly distributed network. This issue has become of critical importance for the adoption of blockchain technologies. Although in their current state blockchains are more secure and trusted than traditional databases, their inability to handle high transaction throughput has limited their enterprise use cases  

WHAT IS METAVERSE?

Metaverse is a blockchain-based project which is far more superior to the regular Blockchain projects, both by design and operations. Metaverse project focuses more on creating a foundation based on great values for different systems that wish to adopt Blockchain technology.Seeing as the world has gone digital, Metaverse intends on helping the general public transition into this new era by making use of digital assets and digital identities avatar the order of the day in carrying out transactions.  

This way, a different kind of blockchain would be created, one which gives more value to the users, globally.To achieve this, Metaverse is designed with a BISC (Built-in Smart Contract) tailored towards the provision of these digital assets called the Metaverse Smart Token (MST), Digital identities and even the Oracle, as an intermediary for a value-packed operation.

5 Components of Next Generation Blockchain

How does Metaverse achieve scalability?

There are other emerging protocols implementing new technologies to deal with the scalability issues described above. Many are using lightning channels tailored to their own blockchains, creating side chains, or using solutions such as Segwit. 

However, a few projects are deploying more novel solutions, like running two parallel blockchain protocols side-by-side.Metaverse achieves scalability while also maintaining security and decentralization through their Dualchain Network Architecture, or DNA protocol. 

Metaverse DNA uses delegated proof of stake, or dPoS, to ensure block times are extremely fast while also providing a fair and transparent way for network participants to reach consensus. Likewise, by deploying integrated lighting channels, transactions are virtually instantaneous.  

By using two chains, Metaverse can enable fast transaction speeds with low fees, and allow more data to be stored on-chain. The DNA protocol can be deployed on any public and permissionless blockchain, and as such can be used as a standard for other blockchains. From here, users can issue standardized APIs and protocols which would enable data, assets, digital identities and smart contracts to be deployed on-chain.As one of the first protocols to deploy a Dualchain system, Metaverse seeks to alleviate the issues associated with scalability, while also providing cryptographic security guarantees and maintaining the decentralization of our network.

GOVERNANCE

The DNA chain is governed entirely by the community,rewarding all participants for their roles in the network. 

Metaverse Trustless Atomic Swap

Metaverse is a Blockchain that enables everyone to create a digital identity (Metaverse Avatar) and register own assets on the Blockchain. These assets can either be so-called Smart Assets (MST) that have a quantity or Identifiable Tokens (MIT) that is always an indivisible entity. The main currency on Metaverse is ETP (Entropy). 

Problem Definition

To enable two or even multiple parties to exchange assets there is a need for a protocol that guarantees the following requirements:

• let users exchange asset α for asset β
• not require a third party
• asset safety in case of a cancellation or connection failures
• asset security against malicious trading partners

The Protocol

1. Alice and Bob generate a multi signature wallet M

2. Alice creates a transaction AMα in which she transfers the asset α from her wallet A to the multisig wallet M. Bob creates the transaction BMβ.

3. Alice and Bob exchange the hashes of their transactions. To make it easier we can assume that the assets that are sent to the multisig wallet are in output index 0 of the transactions. Otherwise they would also have to communicate the index numbers.

4. One party (lets use Alice in this example) generates reversal transactions MAα and MBβ. Alice can create the transactions because she knows the hash of Bobs transaction BMβ and therefore she can add the output index 0 as the input of the reversal transaction MBβ. Also she can create the target transaction MAβMBα that takes the same inputs as MBα and MBβ combined.

5. Alice signs the reversal transactions MAα and MBβ and sends them to Bob. 

6. Bob verifies that the transactions have the expected properties. Then he signs them and sends them back to Alice.

7. Alice verifies that the signature of the reversal transaction MAα is valid. Then she signs MAβMBα and sends it to Bob.

8. Bob signs MAβMBα and sends it back to Alice.

9. Alice can now broadcast her transaction AMα knowing that she could broadcast the completely signed reversal transaction MBα. Same is true for Bob so he can broadcast BMβ.

10. Both or one party can broadcast the target transaction MAβMBα that will use the outputs from AMα and BMβ and send the exchanged assets to the counter party.

11. Both wait for confirmations of the target transaction. In case of problems any party can broadcast their reversal transaction to refund their assets. Because Metaverse is based on UTXO (unspent transaction outputs) only the target or the reversal transactions can be included on the main chain.

ADVANCED FEATURES

DNA features prebuilt lightning channels between 23 Super Nodes and 529 Regular Nodes. If participants have an open channel with any of these nodes, they will enjoy lightning-fast transactions and minimal fees.The DPoS consensus algorithm allows all users to participate in network security regardless of token holdings and technical experience. An unlimited number of Child Nodes can delegate their staking power, and receive their fair portion of block rewards in return.

DNA REWARDS DISTRIBUTION

We reserve up to $5,000 in DNA tokens of the project — distributed as follows:

• 80% of DNA bounty tokens pool ($4000) for the main bounty campaign tasks
• 20% of DNA bounty tokens pool ($1000) for extra short-terms contests and raffles in the frame of this bounty program.

ROADMAP

Built on three core blockchain pillars: Security, Scalability, and Interoperability; The Dualchain Network Architecture (DNA) by Metaverse 

CONCLUSION

Metaverse is the dawn of a new era for the Blockchain industry and the entire world. It eliminates the imperfections which made Blockchain an inefficient technology and delivers to the users a very beneficial, scalable, decentralized and secure system, where operations are carried out at a fast rate. Metaverse is taking the world into a new reality.

To get more detailed information about the Metaverse project, please visit the link below:

• Website: http://mvsdna.com/
• Twitter: https://twitter.com/mvsdna
• Facebook: https://www.facebook.com/MVSDNA
• Medium: https://medium.com/metaverse-blockchain
• Telegram: https://t.me/mvsdna
• DNA White Paper: http://mvsdna.com/MVS%20Dualchain%20White%20Paper.pdf
• Metaverse White Paper: http://mvsdna.com/Metaverse-Whitepaper.pdf

Username : Ozie94 

Profile : https://bitcointalk.org/index.php?action=profile;u=2103066 

Metaverse wallet Address : MWEmYceXGLdigq7uJb5oaiDeYTSTQE9vZV