METAVERSE DNA – THE NEXT GENERATION SCALABLE AND INTEROPERABLE DUALCHAIN

in #blockchain3 years ago (edited)

If there is any 21st century technology that must be applauded, it must be the blockchain technology. Breaking into public consciousness in 2009 alongside the Bitcoin cryptocurrency, the blockchain technology has been able to show that it has the capacity to change the world for the better.

Coming at a time that the traditional networks were either susceptible to attacks by cybercriminals or were at the risk of getting affected by the fluctuating networks, it became a significant solution to have the blockchain technology to the rescue.

THE PROBLEM WITH THE BLOCKCHAIN TECHNOLOGY

The blockchain technology is not without some issues. It has in the last ten (10) years of inception, shown that some problems are feasible on it. It is those challenges faced by the blockchain technology that has made potential users to have feet of clay and instead withdrew their usage of the technology pending the resolution of the problems.

The first challenge with using a blockchain platform is scalability. It is ironical that a platform that has been looking to solve some of the limited outputs of the traditional platforms is now embroidered in the same issue it is trying to resolve.

The Bitcoin blockchain network is famous for the limited scalability. By limited scalability, we are looking at the inability of the Bitcoin blockchain network to provide viable solutions for the users to be able to facilitate transactions and in good time too.

Second, there is the problem of decentralization, which is a torn in the flesh of many blockchain users. The problem of decentralization is more prominent because without some level of anonymity and security in blockchain-based platforms, it may be an arduous task to be able to overcome negative consequences, such as attacks by cybercriminals.

Third but not the least is the inability for blockchain platforms to be interoperable. That is why we have disparate and individual blockchain networks, such as Ethereum, Bitcoin, and EOS. Since the current blockchain networks cannot be able to communicate with one another, it may not be easy to achieve consensus or facilitate transactions at optimum speed as expected.

IMG_20200218_142427.jpgCredit

WHAT COULD BE THE SOLUTION?

The solution to the three cardinal issues facing traditional blockchain networks can be resolved if a viable platform like the Metaverse DNA is in place. Through this robust platform, it will be easier to facilitate blockchain-backed transactions in real-time, reduce security challenges, and achieve interoperability of blockchain platforms.

WHAT IS THE METAVERSE DNA PLATFORM ALL ABOUT?

The Metaverse DNA platform is a blockchain network that seeks to bolster interoperability of blockchain networks, reduce security threats, and facilitate transactions in good time. The platform also has a number of models it has in place to ensure the goals it set can be accomplished.

Below are some of the ways the Metaverse DNA platform is designed to work:

1: Dual Network Architecture

It is important to point out that the Metaverse DNA platform got its “DNA” derivative from the phrase, “Dualchain Network Architecture”. That further gives more credence to the fact that the platform has all it takes to achieve all it has in place. It is also possible because dualchain network architecture will make it easier for the platform (Metaverse DNA) to switch to the corresponding architecture in the event that the one it is working with fails to meet up to expectations.

Besides, the dualchain formulation is the first of its kind because it makes it possible for the platform’s users to be able to enjoy those features they have been yearning for in blockchain-based platforms. From maximum decentralization to security and down to a programmable, fast, and censorship resistant architecture, it is obvious that the Metaverse DNA can be the perfect blockchain platform you will ever need to get the most out of the Distributed Ledger Technology (the blockchain technology).

In addition, it is now easier to attain more scalability. It is possible because the Metaverse Dualchain Network Architecture (DNA) has an innovative yet faster blockchain network, which runs at the same pace with the original Main Network (Mainnet). The outcome is that transactions from one chain network can be migrated or shifted to the other chain to be completed in the event that the previous chain network encountered some lapses.

Second, the dualchain feature makes it possible to get the most out of scalability and decentralization. That can be done by using the properties of the different consensus algorithms on the platform to facilitate interoperable chain networks, especially when the Metaverse DNA protocol is integrated into other blockchain networks.

2: Usage of Three Nodes

Metaverse DNA is working hard to ensure that nothing is left behind as it strives to become one of the leading interoperable and secured blockchain networks. It has taken steps to that regard by launching a three node structure, which comprises three different nodes that can be used to facilitate transactions.

First, the Child Node, which is regarded as the primary node, is expected to delegate all the powers and working infrastructures in its custody to the next node after it – the Regular Node.

When the staking power of the Child Node is transmitted to the Regular Nodes, the latter (the Regular Nodes) will then take advantage of the same to maintain all the full nodes on the blockchain ledger. That way, it will be difficult to remove any of the nodes or use them for malicious purposes. Regular Nodes are also mandated to receive the DNA tokens as block rewards. Such block rewards, when received, are share between the Regular Nodes and the Child Nodes.

The third node is the Super Nodes. As the name signifies, it is designed to be the leading and overall node on the Metaverse DNA platform. Super Nodes will be elected using the 529 nodes on the Regular Nodes. It is then after the election that Super Nodes can start making decisions and accounting for the same, including making proposals for improvements, and requesting for some changes in the broader Metaverse DNA platform.

IMG_20200218_142452.jpgCredit

CONCLUSION

The Metaverse DNA platform has come to stay and with it comes the various features that will make blockchain networks stronger, more secure, and faster when it comes to blockchain-backed transactions.

USEFUL LINKS
Website: http://mvsdna.com/
Whitepaper: https://mvsdna.com/MVS%20Dualchain%20White%20Paper.pdf
Telegram: https://t.me/mvsdna
Twitter: https://twitter.com/mvsdna
Facebook: https://www.facebook.com/MVSDNA

AUTHOR'S DETAILS
Bitcointalk Username: Chomsy
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1759759
Metaverse Wallet: MLoMe978QjhUugwSk8gFSMB7rRZfhAsPfC

Coin Marketplace

STEEM 0.20
TRX 0.06
JST 0.027
BTC 23725.93
ETH 1637.85
USDT 1.00
SBD 2.59