DNA metaverse - improving the blockchain system for the better in the digital world

Blockchain technology is a very powerful tool in this new and trendy digital system. It is playing a very significant role in the ongoing revolution which is taking place in the entire world as a result of the transitioning into the digital world. For every system which has adopted it, it has made their operations more seamless, reliable and effective, therefore rendering the traditional technologies, obsolete.

But in spite of all these, Blockchain technology still finds scalability and interoperability, very challenging. A lot of the blockchain-based systems are unable to be improved and communicating with other networks is difficult, if not impossible.

So, if these blockchain-based projects and the entire global system is going to succeed in the digital world, we need to find a way around this nagging problem of the blockchain, by so doing, make these blockchain projects as efficient as it was intended to be. To improve the blockchain technology, Metaverse has developed the DNA.

DNA, IMPROVING THE BLOCKCHAIN SYSTEM:

DNA (Dualchain Network Architecture), is a system created to eliminate completely, the flaws of the current blockchain system. It can be seen as a superior Blockchain, which is loaded with scalability, decentralization, great speed, and reinforced security.

The Dualchain Network Architecture (DNA) is not like the regular Blockchain Network, which keeps struggling with scalability issues and congested system. With the Metaverse DNA, multiple transactions can be carried out easily, just in a matter of seconds. Its speedy operations are pretty amazing, and it employs the use of better and more sophisticated consensus algorithms to make the whole system, highly scalable.

By adopting this the system could be improved when the need arises and full decentralization is achieved. That’s not all, Metaverse DNA is built in such a way that communication of its system with other systems is achieved, without stress. This interoperability makes it possible for data to be transferred between the Dualchain Network Architecture (DNA) system and other systems.

This is indeed a great achievement by the DNA, seeing as it is a great feature that has eluded the Blockchain industry for so long. Furthermore, the DNA is designed with total flexibility, which lets it solve the different problems of the blockchain, separately and effectively.

CONCLUSION:

Metaverse is the dawn of a new era for the Blockchain industry and the entire world. It eliminates the imperfections which made Blockchain an inefficient technology and delivers to the users a very beneficial, scalable, decentralized and secure system, where operations are carried out at a fast rate. Metaverse is taking the world into a new reality.

For more information, please visit the link below:

Website: http://mvsdna.com/

Twitter: https://twitter.com/mvsdna

Facebook: https://www.facebook.com/MVSDNA

Medium: https://medium.com/metaverse-blockchain

Telegram: https://t.me/mvsdna

DNA White Paper: http://mvsdna.com/MVS%20Dualchain%20White%20Paper.pdf

Metaverse White Paper: http://mvsdna.com/Metaverse-Whitepaper.pdf

Username: Damkar58

Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1925168

Telegram Username: @Damkar58

Metaverse wallet Address: MQSWZbdnfZKrt8ajXbZ7u7B3WQhM8nDeaf

DNA - Dualchain Network Architecture in a High Scalability Solution

INTRODUCTION:

Since the first implementation of blockchain technology arrived with the Bitcoin network in 2008, ensuring adequate scalability has always been top of the agenda. Unlike traditional payment processors and databases, blockchains must remain scalable whilst also providing cryptographic security guarantees and adequate decentralization, a challenge blockchain experts have been trying to solve for a long time.

You may have read or heard these experts remarking that blockchain must solve its scalability issues before it can achieve widespread use. However, what scalability actually looks like in practice is ambiguous, and many users don’t fully understand the importance or relevance of blockchain scalability. In that regard, here we examine the importance of scalability and more practically, what happens when a blockchain can’t scale.

What is blockchain scalability?

Scalability refers to the limitations of a blockchain network when it comes to processing transactions. Scalability doesn’t just have to be limited to transactions of value on a blockchain protocol, it can concern any transaction made on the network — such as those between participants on a decentralized application.Transaction speed, and therefore the ability of a blockchain to scale, is usually judged by how many transactions per second or TPS the network can handle.  

Most often, when blockchains boast a high TPS, they are making significant compromises in other critical areas — be it decentralization or security.Many blockchain experts call this the ‘scalability trilemma’ or the impossible trinity, the challenge of building a secure and scalable network without becoming centralized and therefore no longer representing a truly distributed network. This issue has become of critical importance for the adoption of blockchain technologies. Although in their current state blockchains are more secure and trusted than traditional databases, their inability to handle high transaction throughput has limited their enterprise use cases

WHAT IS METAVERSE?

Metaverse is a blockchain-based project which is far more superior to the regular Blockchain projects, both by design and operations. Metaverse project focuses more on creating a foundation based on great values for different systems that wish to adopt Blockchain technology.Seeing as the world has gone digital, Metaverse intends on helping the general public transition into this new era by making use of digital assets and digital identities avatar the order of the day in carrying out transactions.  

This way, a different kind of blockchain would be created, one which gives more value to the users, globally.To achieve this, Metaverse is designed with a BISC (Built-in Smart Contract) tailored towards the provision of these digital assets called the Metaverse Smart Token (MST), Digital identities and even the Oracle, as an intermediary for a value-packed operation.

5 Components of Next Generation Blockchain:

How does Metaverse achieve scalability?

There are other emerging protocols implementing new technologies to deal with the scalability issues described above. Many are using lightning channels tailored to their own blockchains, creating side chains, or using solutions such as Segwit. 

However, a few projects are deploying more novel solutions, like running two parallel blockchain protocols side-by-side.Metaverse achieves scalability while also maintaining security and decentralization through their Dualchain Network Architecture, or DNA protocol. 

Metaverse DNA uses delegated proof of stake, or dPoS, to ensure block times are extremely fast while also providing a fair and transparent way for network participants to reach consensus. Likewise, by deploying integrated lighting channels, transactions are virtually instantaneous.

By using two chains, Metaverse can enable fast transaction speeds with low fees, and allow more data to be stored on-chain. The DNA protocol can be deployed on any public and permissionless blockchain, and as such can be used as a standard for other blockchains. From here, users can issue standardized APIs and protocols which would enable data, assets, digital identities and smart contracts to be deployed on-chain.As one of the first protocols to deploy a Dualchain system, Metaverse seeks to alleviate the issues associated with scalability, while also providing cryptographic security guarantees and maintaining the decentralization of our network.

GOVERNANCE:

The DNA chain is governed entirely by the community,rewarding all participants for their roles in the network.

Metaverse Trustless Atomic Swap:

Metaverse is a Blockchain that enables everyone to create a digital identity (Metaverse Avatar) and register own assets on the Blockchain. These assets can either be so-called Smart Assets (MST) that have a quantity or Identifiable Tokens (MIT) that is always an indivisible entity. The main currency on Metaverse is ETP (Entropy). 

Problem Definition:

To enable two or even multiple parties to exchange assets there is a need for a protocol that guarantees the following requirements:

let users exchange asset α for asset β

not require a third party

asset safety in case of a cancellation or connection failures

asset security against malicious trading partners

The Protocol:

Alice and Bob generate a multi signature wallet M

Alice creates a transaction AMα in which she transfers the asset α from her wallet A to the multisig wallet M. Bob creates the transaction BMβ.

Alice and Bob exchange the hashes of their transactions. To make it easier we can assume that the assets that are sent to the multisig wallet are in output index 0 of the transactions. Otherwise they would also have to communicate the index numbers.

One party (lets use Alice in this example) generates reversal transactions MAα and MBβ. Alice can create the transactions because she knows the hash of Bobs transaction BMβ and therefore she can add the output index 0 as the input of the reversal transaction MBβ. Also she can create the target transaction MAβMBα that takes the same inputs as MBα and MBβ combined.

Alice signs the reversal transactions MAα and MBβ and sends them to Bob. 

Bob verifies that the transactions have the expected properties. Then he signs them and sends them back to Alice.

Alice verifies that the signature of the reversal transaction MAα is valid. Then she signs MAβMBα and sends it to Bob.

Bob signs MAβMBα and sends it back to Alice.

Alice can now broadcast her transaction AMα knowing that she could broadcast the completely signed reversal transaction MBα. Same is true for Bob so he can broadcast BMβ.

Both or one party can broadcast the target transaction MAβMBα that will use the outputs from AMα and BMβ and send the exchanged assets to the counter party.

Both wait for confirmations of the target transaction. In case of problems any party can broadcast their reversal transaction to refund their assets. Because Metaverse is based on UTXO (unspent transaction outputs) only the target or the reversal transactions can be included on the main chain.

ADVANCED FEATURES:

DNA features prebuilt lightning channels between 23 Super Nodes and 529 Regular Nodes. If participants have an open channel with any of these nodes, they will enjoy lightning-fast transactions and minimal fees.The DPoS consensus algorithm allows all users to participate in network security regardless of token holdings and technical experience. An unlimited number of Child Nodes can delegate their staking power, and receive their fair portion of block rewards in return.

DNA REWARDS DISTRIBUTION:

We reserve up to $5,000 in DNA tokens of the project — distributed as follows:

80% of DNA bounty tokens pool ($4000) for the main bounty campaign tasks

20% of DNA bounty tokens pool ($1000) for extra short-terms contests and raffles in the frame of this bounty program.

ROADMAP:

Built on three core blockchain pillars: Security, Scalability, and Interoperability; The Dualchain Network Architecture (DNA) by Metaverse

CONCLUSION:

Metaverse is the dawn of a new era for the Blockchain industry and the entire world. It eliminates the imperfections which made Blockchain an inefficient technology and delivers to the users a very beneficial, scalable, decentralized and secure system, where operations are carried out at a fast rate. Metaverse is taking the world into a new reality.

For more information, please visit the link below:

Website: http://mvsdna.com/

Twitter: https://twitter.com/mvsdna

Facebook: https://www.facebook.com/MVSDNA

Medium: https://medium.com/metaverse-blockchain

Telegram: https://t.me/mvsdna

DNA White Paper: http://mvsdna.com/MVS%20Dualchain%20White%20Paper.pdf

Metaverse White Paper: http://mvsdna.com/Metaverse-Whitepaper.pdf

AUTHOR:

Username:Damkar58

Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1925168

Metaverse wallet Address: MQSWZbdnfZKrt8ajXbZ7u7B3WQhM8nDeaf

EQ Token - Blockchain Based Equity Crowdfunding

Hello Friends Everyone, Masi with me Damkar58, on this occasion I will give an explanation of the EQ Token project. For more information, let's look at my blog below:

Introduction:

EQ Token will be a new method of equity crowdfunding that will allow even the smallest investor to get equity in return for their investment. All investment applications on EQ Token website will need to offer up a portion of their business for a specified amount of money. If successfully funded, tokens will be created for this business. These tokens will be evenly distributed among investors based on investment size. Holding these tokens in your digital cryptocurrency wallet will allow us to send you shares of company profits. You will also have the chance to sell your tokens at any time on our own token exchange.

The 2 main aims of EQ Token are to:

Give start-ups and existing businesses the opportunity to quickly raise money in exchange for equity.

Give investors of any size the ability to be equity stakeholders in a company. Currently blockchain is seen mainly as a platform for cryptocurrencies.

EQ Token plans to use the Ethereum blockchain for what it was intended:

As a public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. This basically means we will be using Ethereum as a world computer. It will be used as an investment platform and as a way of tracking equity ownership in specific companies.

Why Blockchain?

So, why would raising money using blockchain be any better than the current methods?

Fees

Current methods of crowdfunding have quite high fees. This is due to the fact that the crowdfunding companies are rarely able to handle the financial transactions themselves and often have to pay third parties for this service.

Using crypto currencies, we will be able to easily handle all transactions ourselves, passing on financial savings to our customers

Equity

The majority of crowdfunding companies cannot offer equity in return for investment as it is just too hard to track exactly who owns what and to easily sell shares. Using Ethereum smart contracts we can easily divide up a 20% portion in a company into billions of small shares that can be traced back to individual Ethereum wallets to allow sharing of profits (dividends) or selling of tokens.

Ownership

From day 1 of the token creation for a new project, you have 100% ownership of your tokens. You can send them to whoever you want, trade them for whatever you want or else even store them in an offline location to keep them safe. This type of freedom and ownership only comes with blockchain

The Future of Crowdfunding:

EQ Token will use blockchain technology as a much better and more efficient way of equity crowdfunding.

The benefits of using blockchain from an investors point of view are:

Small investments can be easily tracked and awarded with a proportionate share in the company through the use of tokens

Profit sharing can be evenly and easily distributed to all investors

Investors can also be given voting rights which can be verified by the number of tokens they own in their online wallets (this feature will come at a later date)

These tokens can be privately sold to other investors or sold on our own token exchange at any time.

Benefits for a company listing on our crowdfunding platform are:

The company listing will pay a small fee (used to validate the listing, <$350) and any money collection/verification is carried out by our service.

They are able to offer a portion of their company, which we will legally hold. We are then able to convert this into 100,000,000 tokens to be sold to investors

Any quarterly/annual share in profits is then passed onto us which we can evenly distribute to all token holders

In the event of a failed crowdfunding project where the goal was not reached within the allowed time-frame, we are able to return any investments received

Fees:

We will charge a registration fee for every project of $200-$300. This is to review each project, evaluate businesses and give the project a risk rating.

We will charge a 4% fee on every fully funded project.

We will own 3% of the tokens from every project.

We will charge a 2% fee on all dividends.

We will charge a 0.25% fee on any trading of tokens on our website.

The above means that if a project has raised $200,000, the business raising money will receive $192,000 and the investors will receive a share of 97,000,000 tokens. This method of taking fees will share the burden, on more well-known crowdfunding websites, the funding received by the business would be under $185,000.

Projections:

My projections for the first 12 months after launch is that we will raise a total of $4m for businesses, meaning that our revenue from this year would be $160,000.

The benefits of using blockchain over current crowdfunding methods are: 

Lower fees

We are our own payments service

100% control of your equity tokens

Equity in return for any sized investment

EQ20 Token:

The EQ20 token will be an ERC20 token. This token will be used to raise money to allow EQ Token to get started. A total of 70m tokens will be offered in the initial exchange offering for a price of $0.05/token.

The 3% of all tokens created through fully funded projects belong to us so these tokens will be evenly airdropped to all EQ20 token holders. A standard project will be created with 100m tokens. We will own 3m of these tokens and so these will be airdropped to all EQ20 holders. This means that for every 10,000 EQ20 tokens ($500) you buy, you will receive 300 tokens from every fully funded project that we ever create so investors in EQ20 will own a stake in every company the EQ Token business ever helps fund. Ever!

These tokens can then be sold on our decentralized exchange at any time or they can be kept in your wallet so that any funded company that starts to become successful, will start to pay dividends directly into your wallet!

We also plan to airdrop 25% of the 2% dividend fee to EQ20 token holders as well!

Token Sale:

The EQ20 token will be used to raise funds to help get EQ Token started. There will be 70m tokens sold in total in the EQ Token initial exchange offering for a price of $0.05 per token to help raise $3.5m.

The token sale will last for 30 days and our minimum target is to sell 35m tokens. If we do not reach our minimum token sale target within the timeframe, all funds will be returned to investors.

1m EQ20 tokens will be used for promotional purposes to help increase awareness of EQ Token and what we plan to accomplish (mostly through social media competitions).

There will be 4m EQ20 tokens that will be used to reward participants in our bounty program. These tokens will be paid 1-2 months after the successful completion of the IEO.

The remaining 25m tokens will be kept by the core development team and may be used to pay external contractors.

Road Map:

November 2019

Release of whitepaper – Completed

January 2020

We will start our advertising campaign through the use of a bounty program in January 2020

Q2 2020

IEO release to sell 70m EQ20 tokens for $0.05/token to raise $3.5m needed to get EQ Token off the ground with enough capital to expand quickly across Europe 

Q3 2020

Start to hire EQ Token core team and open UK and European offices

2021

Aim to open offices in the US and further develop the EQ Token team and business

OUR TEAM:

James Borland – Founder

BEng in aerospace engineering. James has experience working across different engineering backgrounds (Process Eng/ Mechanical Eng/ Manufacturing Eng). James has been involved in small scale investing in the cryptocurrency markets for 3 years.

Samantha Borland – Marketing Director

First Class Bachelors (Hons) in Marketing with experience working in the security industry as well as property development and management

It is currently just the 2 of us trying to secure funding for this start-up with the help of several external contractors that have helped with sales\marketing strategies. As soon as we reach our minimum target in the IEO we will be able to hire a full team to make a proper start on the project.

Conclusion:

In conclusion, I believe that blockchain is going to be the future of investing. EQ Token is in the unique position to be one of the very first equity crowdfunding platforms based on blockchain. 

To get clearer information about the EQ Token project, please visit the link below:

Website: https://www.eq-token.com/

Whitepaper: https://8cd84f28-8000-4b5b-9dee-f2a2c3e22376.filesusr.com/ugd/33ca45_7636886924954932ac8b2732b00da077.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5220943.msg53710117#msg53710117

Twitter: https://twitter.com/eqtoken

Facebook: https://www.facebook.com/eqtoken

Telegram: http://t.me/eqtoken

AUTHOR:

username:Damkar58

Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1925168

ETH Address: 0xFa468a5de2759AC15f1191d9A78240F2e7B137B0