Metaverse DNA: A Next-Generation Public Chain Solution
Blockchain might have been around for more than a decade, yet ensuring adequate scalability for the chain has always been top of the agenda. Unlike traditional payment processors and databases, blockchains must remain scalable while providing high-security guarantees and decentralization. Thus, transactions per second (TPS) is deemed as essential for building a functioning ecosystem of DApps and smart contracts. To tackle this, many private chains claim to offer TPS in the millions (i.e. a high degree of scalability), yet they often sacrifice security and parity by only having a few federated node operators.
The quest to striking a balance between decentralization and scalability is challenging. There are emerging protocols that implement new technologies to deal with the scalability issues, such as Lightning and Segwit. A few projects have designed to deploy more novel solution by running two parallel blockchain protocols side-by-side, such as Dualchain Network Architecture (DNA) by Metaverse.
What is the Dualchain Network Architecture?
Metaverse achieves scalability while also maintaining security and decentralization through their Dualchain Network Architecture, or DNA protocol. Inspired by the layered design of the internet, the Dualchain Network Architecture is a chain that runs in parallel to the original Metaverse chain to facilitate higher transaction speeds, which also enables the use of Lightning channels.
The reason why DNA Dualchain introduces two separate layers is that it allows the DNA blockchain to scale without affecting interoperability, and likewise allows interoperability without compromising on scalability. By using two chains, Metaverse can achieve faster transaction speeds with lower fees, as users can transact without pre-establishing a dedicated payment channel. More data can be stored on-chain, users can also issue standardized APIs and protocols to enable data, assets, digital identities and smart contracts to be deployed on-chain.
As it is being built in layers, DNA can solve both interoperability and scalability at the same time, without compromising on the performance or integrity of either. Once the DNA protocol’s solution grows in popularity, it is expected to be deployed across multiple blockchains worldwide to solve the scalability and interoperability dilemma.
Meet Metaverse Dualchain Network Architecture (DNA) on OKEx
We are pleased to announce that Metaverse Dualchain Network Architecture (DNA) is now listed on OKEx:
1. DNA Deposit — 07:00 May 28, 2020 (UTC);
2. DNA Spot Trading — (DNA /USDT, DNA /BTC markets) — 07:00 May 29, 2020 (UTC);
3. DNA Withdrawal — 07:00 June 1, 2020 (UTC)
Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
Originally published at https://www.okex.com on May 29, 2020.