Metaverse DNA overview — a next-generation digital finance ecosystem!

Paper money, paper documents and all other bureaucracy are gradually disappearing from the financial world. We live in an era when the digital economy is gaining momentum. Digital assets provide maximum speed, and this is very important, because the pace of people’s lives is also growing. Therefore, technology must keep up with the times. Progress is, however, always faced with various problems. One of the main problems is that technology is rapidly losing its relevance. What worked effectively a year ago is no longer relevant today. The world is constantly changing and new tools and technologies are emerging. To keep up with the world you need to work with a large number of high-performance tools, as well as to communicate with people from the financial industry.

In this article, I would like to introduce everyone to the next generation digital financial ecosystem based on blockchain. Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. Our guide will walk you through what it is, how it’s used and its history.

Although there are many outstanding advantages, there are still some noticeable disadvantages in the blockchain network: 51% attack, Ineffective, ….

To address these issues with the blockchain network, I will talk about the Metaverse Dualchain Network Architecture! The Dualchain Network offers greater security guarantees than previous chains, which rely only on a single consensus mechanism, by utilizing three simultaneous methods of consensus. As a result, attacks on the Metaverse Network, such as a 51% attack, would require a much greater degree of computational power, creating a safe and secure blockchain ecosystem.

Dualchain Network Architecture (DNA) is a new and much faster blockchain parallel to the existing Metaverse chain and uses Delegated Proof-of-Stake as its consensus algorithm. DNA provides far greater transactions per second and allows for powerful smart contracts that empower newer and more complex decentralized applications (DAPPs).

Introducing Metaverse Dualchain Network Architecture

Metaverse delivers multiple solutions through a single blockchain ecosystem. Metaverse’s integration with the Dualchain Network Architecture (DNA) enables a balance between scalability, security, and decentralization. Metaverse uses a second chain to achieve this, hence the name ‘Dualchain’, which runs parallel to the Metaverse blockchain using a delegated proof of stake (DPoS) consensus mechanism.

This second chain is powered by DNA tokens, which are used to support and pay fees for the advanced decentralized applications built on-chain. The DNA chain is highly scalable, with a block time of just 0.4 seconds, enabling an increase in transaction volume and by extension, higher complexity of smart contracts built on the DNA blockchain. The ‘KrawlCat Generalized Oracle’ is deployed to communicate between the ETP chain and transactions made on the much faster DNA chain.

Why do we need Metaverse DNA?

Metaverse owns 5 Components of Next Generation Blockchain!

• Performance: The DNA chain delivers an exponentially faster throughput with greater transactions-per-second, providing a platform for powerful smart contracts and decentralized applications without bottlenecks, congestion or skyrocketing fees.
• Identity: The Metaverse Avatar is an on-chain digital identity, capable of owning assets and participating in smart contracts or decentralized exchange. Unlike identity data storage in traditional systems, the Metaverse Avatar only reveals information when authorized by the user.
• Interoperability: DNA is designed as a standard, to be employed on other public blockchains seeking to benefit from the scalability it offers. That standardization brings with it the potential for cross-chain dApp support and enhanced developer cooperation.
• Security: The DNA chain uses a purpose-built delegated proof-of-stake consensus mechanism, in combination with the Metaverse basechain’s hybrid model. This radically increases complexity for would-be attackers while rewarding honest participants.
• Oracles: Real-world data is brought on-chain by decentralized intermediary oracles. Whether market prices, sport results or the status of a shipment, oracles deliver information that makes smart contracts truly smart.

Conclude: With many solutions to overcome the limitations of the blockchain network today, DNA is really a project with great potential worth investing and learning! This is a great opportunity to invest in these projects, the team members are great and nice.

See more:

• Website: https://mvsdna.com/
• Telegram: https://t.me/mvsdna
• Twitter: https://twitter.com/mvsdna

Proof:

• Author: aristiano
• Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2704437