METABASE - A blockchain platform to build, scale, and monetize next-generation businesses
Blockchain technology is a transparent digital transaction book and records that are immune to modification or deletion. Offering additional features of increased security, cost reduction, time efficiency and error tolerance, the chain-chain grew, fluctuated in 2017. The utility of blockchain technology is unlimited, triggering an increase in the list of companies, industries and government studying its potential adoption. A blockchain is an immutable public book that records digital transactions.
First-generation blockchains like Bitcoin and Ethereum have laid the foundations for how networked systems, web services and digital communities of the future are to be designed and built. First-generation blockchains have been very instrumental in our modern world, and have paved the way for second generation blockchains to drive the adoption. With Continual usage and wide spread acceptance, these First-generation blockchains have challenges. These challenges are Scalability, Security and Usability, Limited Programming Ecosystem, Governance Mechanisms etc. But with Metabase project, all these challenges will be solved.
ABOUT METABASE
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. Metabase will overcome limitations of first-generation blockchains and enable programmers and entrepreneurs to build their blockchain based solutions on a rich, scalable, secure, easy-to-use and evolving platform. Metabase will feature an upgraded Ethereum style virtual machine. This virtual machine will feature an augmented OpCode space which will unleash a more vibrant ecosystem of programming on the blockchain. Additionally, Metabase will incorporate identity constructs into the Metabase virtual machine, therefore, making identity a first-class citizen on the blockchain.
METABASE AND BLOCKCHAIN TECHNOLOGY
Metabase blockchain is run and maintained by nodes running a Metabase client over the Internet. 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.
METABASE AND CONSENSUS - Delegated Proof Of Efficiency (DPoE)
DPoE is a dual consensus mechanism evolving over two stages. Metabase will utilise both Proof of Work (PoW) and Proof of Stake (PoS). Metabase will iterate over two stages starting off with PoW and then to a dual consensus mechanism of dPoS (delegated Proof Of Stake). dPoS is a variant of PoS in which token holders vote to elect delegates who in turn validate blocks of the blockchain. Metabase will start off with PoW which would lead to a more even token distribution pattern (than starting off with PoS) and then to gradually introduce PoS. With the intention to mitigate, to a large extent, the negative effects of both mechanisms and to be more energy efficient to achieve consensus. The DPoS mechanism would enable stakers to delegate their mining roots to miners who can then sign the Merkle Root. Upon completion of DPoS based mining, the Merkle Root then goes through a PoW based mining process where a difficulty target is to be met.
FEATURES OF METABASE
Metabase Mobile Light Client:
This is a type of blockchain client that does not need to download the entire blockchain to work. Metabase users will start using official mobile wallets right away instead of relying on third-party software. Metabase Light Client will be able to store and process necessary KYC and identity information securely.
Metabase Browser Extension:
Metabase browser extension will enable users to interact with the next generation of products and services safely and securely right from their browser without downloading the entire blockchain.
Metabase Developer SDK and Integrated Development Environment:
Developers will be able to create and deploy new products to Metabase blockchain directly by using the browser plugin and IDE. Metabase IDE will not be limited to compiling and deploying smart contracts but will play a critical role during development and guide developers to use best security practices at every step. By using Metabase SDK, custom applications may connect to Metabase full nodes and interact with their smart contracts without the need for a proxy service. Metabase developers will be equipped with rich APIs on KYC/identification, wallet operations, and blockchain query services which will provide a solid foundation for the next generation of blockchain applications.
WHO IS METABASE MADE FOR?
The beneficiaries of this project 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.
Progressive Organizations will Re-invent the competitive arena and develop game-changing applications that can power collaborative industry consortiums using Metabase. While Metabase will eliminate the difficulty and technological hurdles that are inherent in many blockchain platforms, and also take small business owners to the next level. Metabase will also provide an intuitive and easy to use toolset to build and monetize new businesses for Enterpreneurs.
BENEFITS OF METABASE
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.
UNIQUENESS OF METABASE COMPARED TO OTHER PLATFORMS
Metabase will feature an upgraded ‘Ethereum style’ virtual machine, an augmented smart opcode space that will create a more vibrant ecosystem of programming on the blockchain. This allows new ways for developers to create advanced decentralized applications and monetisation capabilities. Metabase will also incorporate a dynamic monetary policy system into our scalability solution to create a platform with stable transaction fees for when the platform adoption skyrockets.
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)
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
USE OF PROCEEDS
Technology 30%
Community 20%
Talent 15%
Operations 15%
Security 10%
Legal 10%
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. With the Co-founder and Managing Director at Intrepid Ventures (COLLIN THOMPSON) and other great members. Team consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
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. Be a part of this tremendous project and follow these links for more information;
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
Whitelist: https://intrepidventures.typeform.com/to/xrYCTz
Metabase Interview - Collin Thompson: