Metaverse Biweekly Report（01.01–01.18）

Published in

Metaverse

5 min readJan 23, 2019

Hi Metaverse Community,

Thanks for following us!

The new year is in full swing, and we have some exciting and significant news to share with you all. Firstly, the Metaverse Pillars of Creation (MPC) testnet is now officially live! With our newly upgraded dual consensus mechanism, we will no longer see potential attacks like the 51% attack, selfish mining, Nothing at Stake attack, or other unstable issues that relate to fluctuations in hash power. Metaverse will run at 4 times the current speed, and bandwidth will be significantly improved. We welcome you to visit https://testnet.mvs.org/ to see for yourself the PoW+PoS block creation. The technical whitepaper for MPC will be on the Metaverse home page very soon. We will soon release details of a bounty program for developers and users to test out this new binary structure in the coming weeks, so please stay tuned on our social media for the most recent updates!

Key Milestones

Pillars of Creation is now live on testnet! Come explore the speed, beauty, and efficiency of a PoW+PoS structure in the link above. Our core developers are enhancing features and fixing bugs, and we will release more bounty program information as well as a public beta test very soon.

ETP will also be listed on 2 new exchanges, Coinbig and MXC. We will partner with these two exchanges to run deposit and trading campaigns, so please visit them at https://www.coinbig.com/ and https://www.mxc.com/ to learn more. As the details for these campaigns are finalized, we will share them with you.

Eric last week joined a reunion for the original founding members of the BitAngelsClub. A vibrant discussion among early Bitcoin and crypto adopters rekindled fond memories for each participant. Main topics of the informal gathering included potential collaborations and ways to further expand blockchain ecosystems in this crypto winter, and Metaverse certainly learned a lot from these insights.

Technical Enhancements

Metaverse full node wallet:

Published full node testnet and released first phase of Metaverse Pillars of Creation (MPC) and hybrid consensus version — completed
Parameter modification and testing for PoS — in progress
Deploy DPoS consensus certificate — in progress
Deploy Metaverse Avatar Reputation System (MARS) — in progress
Certificate categorization — completed
Add asset screening including stake utxo and locked assets — completed
Debug deployment of getmininginfo API — in progress
Enhance front-end to support MPC new transaction types and certificates — completed
Display PoS mining functionality to full node wallet — completed

Metaverse lightwallet:

MST deposit function — completed

Mainnet Status and Monitors:

support MPC new transactions type and certificates — in progress
display the mining type of each block (PoW or PoS) — completed

Team & Operations

Metaverse presented at industrialized blockchain Forum in Hangzhou 19th Jan 2019 — — adding value for traditional business together with blockchain. This forum is hosted by Bitmessage (http://bitmessage.pro/), a smart platform for social connections within blockchain. Guest speakers discussed around the challenges in blockchain. Many revealed blockchain industry now face a stage of development that requires a powerful intermediary to bridge blockchain and dApps to facilitate the token economy.

Our mission is to enhance blockchain technology to benefit all users who may not even realize the fact that they are using this technology. The embedment of smart contracts enables the users to retrieve their assets based on created avatar, which process allows deal to be processed.

What’s more, it is crucial to develop the upstream and downstream of financing for supply chain, account receivables, logistics, information flow, and cash flow to support the growth of blockchain. The industry is facing the challenges and opportunities of production relations, relations of consumption, framework for user group management. Blockchain technology is not only the enabler of trust, but also it is adding value for managing investments in artwork, and tangible assets.

Global Ambassador Program：application over 70+, covering more than 15 different countries -（http://metaverse.mikecrm.com/wImadAi）

Community Essay Contest Bounty — (http://metaverse.mikecrm.com/XDRZnTf)

Community Referral Bounty — (http://metaverse.mikecrm.com/RshUZwz)

Collaboration Bounty: This is for GAs who want to connect us with the locals and pull off some successful collaborations. http://metaverse.mikecrm.com/OdfUMV4

Tech Bounty is for the skilled programmers to perfect our open-sourced codes. http://metaverse.mikecrm.com/6AwOnv4

Getting listed on Blockfolio — https://blockfolio.com/

Blockfolio：Blockfolio is the world’s most popular mobile app for cryptocurrency portfolio tracking and management. Blockfolio takes a user-first approach and is committed to providing the best products to help the advancement of the decentralized movement and ecosystem.

Eric Gu started his personal channel at Bihu.（https://bihu.com/shortContent/1357436178）Bihu ID（bihu.com）is a self-sovereign ID system based on blockchain technology and decentralized storage. It aims to be the gate keeper for Web3.0, in order to protect users’ wealth, data, and privacy.

Community Statistics

Telegram: 3,897

Global Ambassadors: 77

WeChat: 2,495

We thank you for your continued support!

Best regards,

The Metaverse Team

What is Metaverse

Metaverse is an open-source public blockchain that provides digital assets, digital identities and Oracles as a foundational infrastructure for social and enterprise needs. Through Blockchain-as-a-Service (BaaS), we make convenient, secure digital financial services accessible to all applications at virtually no cost.

Founded in 2016, Metaverse went live in February of 2017. We strongly believe that blockchain technology is the catalyst for a better future — the New Reality.

MST + Avatar + Oracles + On-chain Exchange = The New Reality

Digital assets (Metaverse Smart Token aka. MST) on Metaverse blockchain are trust-free, traceable and immutable decentralized smart properties that can be freely registered, transferred, issued, deposited, used as collateral and burnt.

Digital identities (Avatar) are self-sovereign identity ledgers on the Metaverse blockchain. Digital credit is created through interactions with assets and other identities.

Oracles are service providers with digital identities. Rather than decentralization, Metaverse integrates intermediaries into the blockchain, providing rapid and transparent supervision.

Metaverse allows value to be exchanged freely and easily. Control of assets is returned to the user, preventing asset theft.

As a value investment, ETP is circulated across global leading exchanges, including RightBTC (https://www.rightbtc.com/) and Bitfinex (https://www.bitfinex.com/).

In the future, we will post bi-weekly updates to give our community and fans a deeper understanding of what goes on behind the scenes and to give you a more fulfilling update. We would like to hear your opinion about Metaverse.

Website: https://mvs.org

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

Russian VK: https://vk.com/mvsofficial

Telegram: https://t.me/Metaverse_Blockchain

Medium: https://medium.com/@mvs_org

Discord: https://discord.gg/56ky6fb

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

Twitter: https://twitter.com/mvs_org

Github: https://github.com/mvs-org/metaverse

Github Repositories: