METABASE - A Scalable Blockchain For Building Dapps

funkyies (0)(1)in #blockchain • 6 years ago

A new era has come Technologies are changing the world. What previously seemed to be impossible, today is already the reality.
Today, let us all learn and experience together all about METABASE . If you don't know anything about them, don't run away, that's why I'm here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS so that YOU can do your own research or whatever you feel you need. I feel it's best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy. So,let us understand and get an objective view about METABASE project.

Metabase is a scalable blockchain and smart opcodes platform for building next-generation businesses.
A multidimensional blockchain system focused on developer usability, extensibility, scale, and security. We’ve created a blockchain infrastructure designed to empower developers, entrepreneurs and industry, to easily create advanced distributed applications and scale them into the market-leading businesses of the future.

THE WORLD'S BIGGEST CHALLENGE WITH FIRST GENERATION BLOCKCHAIN

First generation blockchains have hit challenges across the following dimensions, constraining real-world adoption:

Applicability and Feasibility:
Blockchain technology is revolutionary but limited when it comes to applicability and feasibility. Entrepreneurs and small business owners who would like to adopt features of blockchain Technolgies are facing challenges of applicability due to the technicality of building the application layer. 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.

Scalability:
This is a real challenge for blockchains - both crypto-currencies and platforms have hit adoption limits because of scalability issues. In the case of Bitcoin, scalability issues have given rise to significant transaction fees.

Security and Usability:
Due credit needs to be given to first-generation blockchains for their protocol layer security. Very few instances of the Bitcoin protocol or the Ethereum protocol being vulnerable have been reported - which bodes well for their security considering these networks have now been around for years.

Administration:
The issue of administration of a decentralized biological community in original blockchain advances are a principle concern when fabricating a business over them, original blockchain innovation are controlled by the administration of the system and this has caused an issue where we have seen the part of the network because of contentions that undermine the trust by organizations towards the reception of blockchain innovation. Organizations need to flourish in a biological community where the participation and the coordination of administration is hearty reasonable and unsurprising.

WHAT METABASE IS HERE TO DO

Metabase is about to solve some of the world’s biggest challenges by cultivating the untapped ingenuity of makers and innovators around the world. Metabase provides an intuitive and easy to use toolset to build and monetize new businesses. From concept to launch founders can deliver new products and services quicker than ever before. Develop enterprise grade solutions that will help you grow your business.

Metabase eliminates the difficulty and technological hurdles that are inherent in many blockchain platforms.

Progressive organizations that embrace change, can use Metabase to reinvent themselves and create sustainable futures. Re-invent the competitive arena and developing game-changing applications that can power collaborative industry consortiums.

Equip your emerging smart nation with a digital infrastructure that facilitates innovation and powers the evolving services and outcomes your citizens demand. Develop a blockchain infrastructure that enables industrial, private/public collaboration.

At the core of Metabase will be the Virtual Machine 2.0 with an augmented OpCode Space — unleashing a rich programming ecosystem which enables programming on high and low level programming languages for end users and organizations with integrated identity systems within the core blockchain.

Metabase is an easy to use and customizable blockchain platform that empowers developers with customisable platform-level libraries and intuitive developer tools. Light client implementations on mobile and browser platforms help to create seamless integration for blockchain-based applications.

A comprehensive governance mechanism will be built into the protocol fostering a commonwealth network that can adapt with evolving business, social, and technical needs.

The Metabase Network will operate based on an open-source protocol maintained by the Company and other contributors. Metabase is currently in pre-ICO stage aiming to raise $41m USD for the development of their main net.

THE FACE BEHIND THIS PROJECT

I am going to get straight to the point of who they are since this is such an important factor, as I like to put it, “The Brains behind METABASE ”. If the team behind the product or service in question haven't the resources or knowledge, then we know the product or service delivered will possibly not have the quality it should have. We need to know two very important things when we look at a new starting up company:
Who are the people/team behind this?

What experience and knowledge do they possess?

Okay, so, because I've already done all the research needed beforehand and thoroughly METABASE I can very happily confirm that this company has a fabulous team onboard. Here they are:

The company behind Metabase, Intrepid Ventures, is a Hong Kong-based blockchain venture studio with a strong team that is building blockchain startups since 2013.

WHO DO WE SERVE?

Entrepreneurs
Deliver new products and services quicker than ever before. From concept to launch founders can deliver new products and services quicker than ever before.

Small Business
We eliminate the difficulty and technological hurdles that are inherent in many blockchain platforms. Adopt, integrate, and take your business to the next level. Develop enterprise grade solutions that will help you grow your business.

Enterprise
Progressive organizations that embrace change, can use Metabase to reinvent themselves and create sustainable futures. Re-invent the competitive arena and developing game-changing applications that can power collaborative industry consortiums.

Government
Develop a blockchain infrastructure that enables industrial, private/public collaboration. Equip your emerging smart nation with a digital infrastructure that facilitates innovation and powers the evolving services and outcomes your citizens demand.

MEDIUM OF EXCHANGE

Metabit is the principal medium of exchange within the Metabase ecosystem. Besides being the native cryptocurrency,
it ;

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 workings:
Based on supply of Metabit and Metacore, there is a rate of exchange derived between both tokens. All transactions of Metabase have a static transaction cost in terms of Metabit, but when the rate of exchange is applied, the overall transaction cost is reducing in nature with respect to Metacore.

For the mathematical details of Metabit supply, the transaction costs and the prevailing exchange rate between the two currencies - refer to the detailed document on Monetary Policy of Metabase.

TOKEN AND ICO MARKET

Protocol tokens are the hottest topic for investors in the 2018 ICO market, because unlike the first generation of internet protocols, with blockchain technology it is possible to invest directly in the growth of underlying protocols and infrastructure through tokens, as opposed to just the applications being built on top of them.

Metabase blockchain is linear in nature, starting in Epoch 0. As adoption of the Metabase blockchain increases, and the transactional load hits a certain high threshold (when the blocks are 95% full) — the blockchain structure is split into two chains. Once the transactional load becomes too high again, the system is programmed to increment the epoch level from E to E+1 (the algorithm is similar to how the difficulty is adjusted across the bitcoin blockchain) and further split the blockchain from 2E chains to 2E+1 chains, creating an ever-expanding scalable multi-chain infrastructure.

Block Generation time ~ 60 Seconds
Number of priority pools — 10 Pools (can be altered by Governance)
Max transactions handled by a block — 1024 (by 10 pools)

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)

TOKEN ALLOCATION

Pre-Sale 1 is already over. But Pre-Sale 2 is active with a discount of 20%, and you can participate while you can here: https://intrepidventures.typeform.com/to/xrYCTz

TOKEN DISTRIBUTION

ROADMAP

CONCLUSION

METABASE has come to create a marketplace for all developers at a faster confirmation rates for transactions . It
deploys 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. Learn more and stay up to date by following the below links

Telegram: https://t.me/metabasenetwork

Website: https://metabase.network/

Metabase Blog: https://medium.com/metabase-blockchain

Reddit: https://www.reddit.com/r/Metabase/

Facebook Messenger: https://www.messenger.com/t/weareintrepidventures

Facebook Page: https://www.facebook.com/metabasenetwork/

Twitter: https://twitter.com/iv_metabase

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