METABASE - A High Performance Blockchain and Smart Op-Codes Platform for Next Generation Businesses
ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
So did I and during my research I found the project in which I really put my faith: METABASE. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.
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 benefits of the METABASE platform are;
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.
Metabase will create easy to use mobile and browser applications for end users and also support developers with robust tools and frameworks, enabling them to create the next generation of blockchain applications.
The beneficiaries of the metabase platform will be the Entrepreneurs, Small business owners, Progressive organizations and Government agencies; People who want to build solutions on a high performance and future-ready blockchain, that is multidimensional in design and provides a comprehensive platform to build innovative businesses. These types of people generally want to build complex dapps, secure smart contract libraries, and monetize them via Smart OpCodes in a manner that is not available on existing blockchain platforms.
Metabase aims to provide light client implementations both on mobile and browser platforms to create seamless integration for blockchain-based applications. While it's goal is to create a blockchain platform to build, scale, and monetize next-generation businesses. The platform offers an innovative consensus protocol, a dynamic proposition for scaling public blockchain protocols, well-designed crypto economic equilibriums, as well as a design focus on usability, which allows the system to be tailored to a broad range of use cases. Security and Usability are two key components of the metabase platform. These components gives 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.
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)
You can get your tokens here: https://ico.metabase.network/?_ga=2.69252368.1273690089.1534719341-1198867290.1531421830
USE OF PROCEEDS
Metabase is here to solve some of the world’s biggest challenges 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.
Two notable and very important feature of the METABASE platform is the Metacore and Metabit, Which will be explained in details below;
Metacore — Store of Value
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 — Medium of Exchange
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.
The Metabase project is supported by;
With Liquidity providers such as, BANCOR and KYBER NETWORK.
The METABASE Team consists of innovative and talented people, with LinkedIn Profiles to show authenticity. Other experienced members are Collin Thompson, Zach Piester and John Paul Armenio. These members and many more have contributed to the existence of this tremendous project. The Metabase project intends to provide a solution to the shortcomings of the first generation blockchains, such as Bitcoin and Ethereum. For more information about the Metabase project, please visit these links 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