Metaverse Biweekly Update (11.05–11.16)

Hao Chen
Metaverse
Published in
5 min readNov 22, 2018

Hi there,

Thanks for following us!

This week we have good news to share with you. We are proud to annouce our technology collaboration with Amazon’s AWS (a.k.a. Amazon Web Services), which allows optimal performance in ViewFin’s BaaS (Blockchain-as-a-Service) deliveries. Many potential business partners approached us at the conference Money 20/20 in Hangzhou, China.

Key Milestones

Metaverse has established a cooperative relationship with AWS, which allows ViewFin BaaS customers access to secure cloud services. The use of AWS cloud services brings three benefits to Metaverse. First, to improve Metaverse’s performance on the aspects of reliability, stability and security. Data leakage is minimized, system availability is 99.95%, and the network delay is controlled.

Secondly, it is cost-saving. From operation, maintainance and product deployment, the time of product creation is significantly shortened by over 30 days. The cloud costs are saved by its price optimization algorithm. “AWS technicians will take the initiative to understand the cost changes of our cloud and help us to save costs through architecture optimization while meeting business development needs,” said Hao Chen, Chief Technology Officer of Metaverse.

In addition, the globalization of AWS cloud services makes it easy for Metaverse to provide services to users around the world. This is very important for the promotion and application of BaaS (Blockchain-as-a-Service). There are already many customers who need to use the blockchain to solve business pain points. ViewFin has established a cooperative relationship with Metaverse to achieve its business goals supported by ViewFin BaaS.

Picture 1: the structure of ViewFin BaaS deployed on AWS Cloud services

In the future, ViewFin plans to use more AWS cloud services, especially those that implement artificial intelligence (AI) in order to provide customers with innovative and more efficient blockchain applications.

For the originial press release, you can find it here: https://aws.amazon.com/cn/solutions/case-studies/viewfin/

Additionally, Metaverse and ViewFin attended the Money 20/20 conference, held in Hangzhou from November 14th-16th. Our CTO, Hao Chen, delivered a speech at the Hangzhou International Expo alongside other industry leaders like Hitters Xu, founder of Nebulas and Remington Ong, partner at Fenbushi Capital.

The usage of blockchain brings value other than remaining as its representation of financial functionalities. Many sought to draw a specific line between finance, Internet and blockchain. It is basically a decentralized net of data interactions though. “We, as blockchain innovators, really need to ensure that it is interesting, useful and efficient. “ Hao Chen commented.

Thanks for all of our supporters who came and visited us at our booth. For more information about the conference, please check https://www.money2020.com/. Here is a brief video recap of the event: (https://www.youtube.com/watch?v=8JsOVK4_gbE

Picture 2: Hao Chen speaking in a keynote panel regarding financial applications of blockchain

Congratulations to our CTO Hao Chen who has published his new book!

As a columnist for a leading technical educational organization — — Geekbang, Hao has shared his view about blockchain infrastructure and the key to blockchain enforcement. Hao commented “From a craze for blockchain technology to its winter, we learnt to be rational rather than focusing on short-term targets.”

For those interested, his book, The First Blockchan Lesson, can be purchased here: https://time.geekbang.org/column/76

Technical Enhancements

We noticed a strong force and momentum regarding mining pool activities, and the top 2 pools are shown here:

sandpool: 323.88 GH, Pool Fee: 0.1%

dodopool: 266.27 GH, Pool Fee: 0.5%

We are glad to see new members joining the mining network to increase efficiency of value circulation.

Metaverse Lightwallet:

Metaverse full node wallet:

Mainnet Status and Monitors:

  • Fixed bug of syncing issue
  • New seed nodes added
  • 2 new MST’s
  • 3 new MIT’s
  • 6 new Avatars
  • 5 new Certificates

Team & Operations

Latest news from the Business Intelligence & Business Analysis Team

  • Studied DAG and DPoS consensus algorithms for Metaverse
  • MARS (Metaverse Avatar Reputation System) design (70% completed)
  • Developed the ongoing MARS system on Metaverse blockchain
  • Researched the latest blockchain technology and development trends

Last week, we are happy to welcome our Social Media & Community Manager Trinity Wu to join the ViewFin family!

Trinity is proficient in both English and Japanese, achieved a double degree as an exchange student in Japan and a masters degree in the Netherlands. She has rich marketing operations & business experience in blockchain and technology industries and is a person full of vitality and innovation. We have no doubt that she will bring us valuable contributions to our overseas community development.

Community Statistics

Telegram: 3887 users

WeChat: 2343 users

Metaverse community, we thank you for your continued support.

Best regards,

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.

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