METABASE NETWORK: A High Performance Blockchain and Smart Op-Codes Platform for Next Generation Businesses
The Blockchain Technology keeps on expanding in ubiquity and also its appropriation because of its genuine utilize cases in different parts by people, firm, and governments. The revolutionary technology impacting different industries miraculously was introduced in the markets with its very first modern application Bitcoin. Cryptocurrency has been trending and still is the hottest topic for discussion over the internet forums, communities and social media. There’s no surprise that investing in cryptocurrency has unveiled a new way of reaping out profits (with a ginormous value) just by sitting at home.
In this sea of inovation and new technologies i will be introducing you to a visionary project that come to life in the form of ICO's and today i am going to present you with one of the most promising ones on the market which is the METABASE project which will offer support for better reliability and transaction speed. The solution provided will be particularly interesting for businesses ranging from small to large corporations, as well as for addressing the government-related issues.
Metabase is a high-performance blockchain and smart opcodes platform for building decentralized applications and next-generation businesses. It features an advanced virtual machine at its core, expanded blockchain programming capabilities and it is designed with security and usability. Metabase aims to provide light client implementations both on mobile and browser platforms to create seamless integration for blockchain-based applications. With the use of blockchain technology, Metabase will be run and maintained by nodes. Each node within the network will have a Node ID. With a Node ID, a Metabase node identifies itself to the network and signs messages to the network. The Node ID is also used to determine which chain on the multi-chain Metabase blockchain the node can mine on. Metabase blockchain will split itself automatically if transaction capacity is heavily used. The blockchain would follow a PoW based consensus mechanism - similar to Bitcoin - where repetitive hashing is required to meet a difficulty target. Difficulty re-targeting would be done based on averages of block generation times across all chains. The entire block reward would be alloted to the PoW mechanism.
Entrepreneurs and small business owners who would like to adopt blockchain technology in their business models are faced with challenges when it comes to scalability of the first generation blockchains which are currently available in the market. First generation blockchain Technolgies are built with a base programming layer in mind leaving entrepreneurs with the challenges of building their applicability layer on the base of the blockchain network.
First generation blockchain security frameworks have vulnerable centralized systems which are attacked on their weakest links, this includes application layers which are built by entrepreneurs and small businesses, the application layers are supposed to empower their own security controls. Light client implementation used by businesses are the most attacked lowering the integrity and implementation of blockchain technology in businesses. Metabase networks believes in blockchain technologies and understands entrepreneurs and small businesses need first generation blockchain technology innovative features but the challenges of these first-generation features need to be improved to allow easy adoption, creation and development of businesses that are feasible and impactful. Metabase network are improving the scalability of blockchain technology through the introduction of second generation network that addresses the technical and protocol levels of the network. The metabase network incorporates the economics of scaling the network with adoption by taking inspiration from real world economies. This will allow businesses to scale as they grow helping entrepreneurs and small business owners to turn their ideas into impacts.
THE UNIQUENESS OF METABASE PLATFORM FROM OTHER CRYPTO/BLOCKCHAIN PLATFORMS
Unlike other Crypto/Blockchain platforms, the conventional blockchain is a linear linked list of blocks. Attempts to increase transaction throughput have focused on parametric changes to this design , hitting roadblocks in the process Metabase is so unique in what they are trying to do in the crypto market the difference is that scalability is one element metabase is trying to solve by helping companies to build decentralized applications with high defined demands. This will be done by adopting a multifaceted approach, thus; creating an innovative next generation blockchain protocol that scales with adoption and also A monetary policy with two cryptocurrencies inspired by real world economies. This set it aparts from existing rival projects and potential ones in the blockchain market.
Metabase aims to create the necessary APIs and development tools that can be used to interact with Metabase. Unlike current solutions that involve third-party SDKs and centralized architecture, Metabase will provide frameworks that can connect to the blockchain directly. The functionality will be implemented in the form of a library for mobile platforms and as a browser extension on browser platforms
Also, Security And Usability also gave metabase a defining edge over competitors, each layer of the Metabase platform will have an impenetrable security reinforcement to mitigate the vulnerability of applications built on this blockchain. Furthermore, Metabase will avail a light client for the deployment of DApps on both mobile and desktop platforms.
Also with Ethereum, creating complex applications is still very difficult because of the lack of standardized community-vetted libraries. Metabase will feature an upgraded Ethereum style virtual machine 2.0 that has a rich programming environment that facilitates the coding of high-level languages. This development platform will also support low-level programming languages.
Metabase will also feature a governance framework that allows developers to control the evolution of the blockchain. It will comprise of improvement protocols that control the core aspects of the blockchain.
A CUTTING EDGE METABASE PROTOCOL DESCRIPTION
Metabase Blockchain Protocol is constructed in such a way, that it will meet the needs for the ever-increasing transactional load. For that, Metabase will adjust to new conditions with its Binary Tree Structure. This approach pertains to the next problem: Given the high transactional load, a chain splitting technology will allow for better scalability and higher speed. Thereby, each node on the blockchain contains data elements and pointers to subsegments on either sides. Each block comprises three quantities, that are chain, epoch and block numbers. At the same time, the algorithms being implemented allow for timely distribution of transactions across newly generated chains.
In contrast to the other protocols, Metabase will both utilize on-chain and off-chain scaling mechanisms. Off-chain channels are known to be involved in processing of transactions between users, so that blockchain transactions are kept instantaneous.
In championing for adaptable ecosystem, which implies that the system promptly responds to the environment, Metabase will implement the upgraded Ethereum Virtual Machine. With the introduction of the Metabase Virtual Machine the system will be able to process variable length instructions, that is, each OpCode contains a determined length and can vary in size. Two types of OpCodes will be available. By allotting a Public OpCode Space, Metabase will allow businesses to customize OpCodes, which are available in the Metabase Marketplace. Similarly, Private OpCodes can be purchased and used for any business functionality.
METABASE EXCEPTIONAL FEATURES
Faster confirmation rates for transactions.
Creation of a marketplace for developers.
Deploying complex software functions as Smart OpCodes on a marketplace similar to Apple AppStore/Google PlayStore.
Smart OpCodes can be used for enhancing security, like introducing a single instruction to validate a cryptographic signature.
Developers will be able to create libraries or small utility applications, define it as a Smart OpCode and submit it to the Metabase marketplace.
They will create tools that empower Entrepreneurs, Challenge Enterprises, and Governments, to help them build blockchain organizations for scale, market leadership, and sustainability.
The token was inspired by real-world economies where people need a ‘store of value’ where we can all store deflationary currency/asset like Gold) and a medium of exchange. Metabase platform has created a solution by cultivating the untapped ingenuity of makers and innovators around the world. Therefore making it easy for you to launch next generation businesses on an easy to use and scalable Blockchain and Cryptocurrency Platform. The exceptional Metabase platform has incoporated two unique currencies into the Metabase economy which are the Metacore and Metabit.
Metacore is the primary token of Metabase. It will be issued in the ICO and traded on exchanges.
To pay transaction fees on the blockchain, a Metabase node converts Metacore to Metabit tokens using the prevailing exchange rate and then pays the appropriate fees.
Metacore tokens issued via mining will have a deterministic reducing/deflationary supply — similar to Bitcoin but with different generation parameters.
Generation parameters of Metacore tokens are hard-coded into the protocol and can’t be modified by Governance Mechanics (will be determined after pre-ICO)
Metabit is the principal medium of exchange within the Metabase ecosystem. Besides being the native cryptocurrency,
Will be used to denominate transaction fees.
The currency is inflationary in supply, therefore creating a decreasing exchange rate with Metacore over time.
The inflation rate of Metabit is dynamic and governed by the governance framework of Metabase.
TOKEN AND ICO DETAILS
Token Name: Metabase Token
Token Symbol: META
Token Value: $0.02
Pre-Sale 2: July 10, 2018
Pre-Sale 2 End: August 17, 2018
Main Sale: September 4, 2018
Main Sale End: November 2, 2018
Total Token Supply : 8,000,000,000 ( 8 Billion Tokens)
Do not hesitste to join the ICO main sale, and get your tokens here: https://ico.metabase.network/?_ga=2.69252368.1273690089.1534719341-1198867290.1531421830
USE OF PROCEEDS
And the Liquidity providers are BANCOR and KYBER NETWORK.
Conclusively, The Metabase platform is proffering solution by developing a decentralized platform which will empower the world’s most underused resource entrepreneurs. A platform that enables a broad and diverse group of entrepreneurs and innovators to build blockchain powered decentralized applications and scale next-generation businesses that can impact global society.
I have provided this links with the aim of giving us more understanding of what METABASE as been up to and you will realize it is a project investors shouldn't miss out on.
FOR MORE INFORMATION ABOUT THE METABASE PROJECT PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
Metabase Blog: https://medium.com/metabase-blockchain
Facebook Messenger: https://www.messenger.com/t/weareintrepidventures
Facebook Page: https://www.facebook.com/metabasenetwork/
Telegram Metabase - https://t.me/metabasenetwork
Technical White Paper: https://whitepaper.metabase.network/
Token Sale Economics: http://token.metabase.network/
Research Roadmap: https://roadmap.metabase.network
Bounty program thread: https://bitcointalk.org/index.php?topic=4416839.msg39350788#msg39350788
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409