Technology

Things I Wish I Knew When I Started

Memoirs from Eric Gu, CEO of the Metaverse Foundation

In late July, I went to Beijing to watch the World Cup, and then headed back to Shanghai to meet friends. The weather was sunny wherever I went. In Shanghai, as a metropolitan city and a hub of finance, more and more blockchain communities are emerging. A couple of weeks ago, it was my honor to join a meetup that was organized by RCLUB Shanghai for a debate between traditional financial gurus and blockchain co-founders.

In total, around 50 founders and financial researchers were at the venue. I met many new and old friends, including NEO’s co-founder Dahong Fei, Draper Dragon’s co-founder Yuehua Wang, and Penta Global Foundation’s co-founder Zuo Peng. The way people greeted us compared to the way they greeted the traditional finance gurus was interesting to me. For example, the highly respected Mr. Bai (Chinese Academy of Sciences doctoral supervisor), Mr. Fu (Inno Angel Fund co-founder), and Mr. Huang (Yun Qi Capital founder), were all greeted very formally. Whereas, the audience perceived and greeted Uncle Da (Da Hong Fei), Zuo Peng, and me (Tiger) casually. Even though we are young in the financial technology sector and the blockchain industry, it is never too late to make your presence known.

At the debate between traditional finance and emerging blockchain, we had a heated discussion regarding the attributes for successful decentralized applications that are built on blockchain technology, DApps that are more likely to achieve future sustainability. The consensus was that the gaming industry is more applicable than traditional industries in terms of applying this new technology. The gaming environment is very similar to the token circulation environment. For example, people tend to buy in-game tokens to pay for the equipment they need in the virtual world to upgrade to the next level with better tools and weapons.

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(Zuo Peng, Da Hong Fei, and Eric Gu)

To increase the efficiency of commercial operations, it is crucial to ensure appropriate applications and sound management of private identity data. When entering the Information Age where data become assets, companies need to understand the importance of protecting consumers’ personal data. It is crucial to be aware of the fact that consumers’ data are as important as their own data.

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A blockchain decentralized identity ensures a person’s private information is owned by that person and protected by the immutable ledger, where no sensitive personal data can be leaked. As I would like to say, “should someone ever sell my personal data on the Internet, at least I will get paid.” The sellers will have to contact me for permission to use my data first, and only when I agree can they release my data to their specific platforms.
(Eric Gu speaking to the audience)

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(Eric Gu presenting next to Da Hong Fei)

With blockchain decentralized identity, customer privacy data are treated as assets. Thus naturally, customers’ privacy data are protected just like their assets on the blockchain. That is to say, digital identity on blockchain is going to make a huge impact on privacy protection.

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(Blockchain founders vs. Financial researchers)

This summer left a deep impression on me as I witnessed the fluctuating economic state and social status of China. The situation reminds me of the various crises that this nation has gone through. I would say that we should not be self-defeating. Almost all of the Fortune 500 companies have invested in China. As one of the biggest source of profits for many multinational companies, China’s market is comparatively stable, in order, and prospective. Thus we are here to continue to prosper.

During my trip in Beijing, I realized that the source of innovation is to keep exploring the meaning of humanity. Even if we start late along the way, and numerous talents are highly engaged in short term make-a-quick-buck schemes rather than focusing on long term goals such as achieving sustainability through innovation, I believe blockchain technology is here to stay. Though currently our pursuit in scientific knowledge is a bit lacking, in the crypto market, we have a better view to bridge scientific findings and technical applications. We have the best talents to witness and create breakthroughs in blockchain and finance. Best of all, there is more to come.

How can we utilize science and practice? We invite you to learn more below:

Website: https://mvs.org
Facebook: https://www.facebook.com/mvsofficial/
Telegram: t.me/Metaverse_Blockchain
Discord: https://discord.gg/56ky6fb
Reddit: https://www.reddit.com/r/Metaverse_Blockchain/
Instagram: https://www.instagram.com/metaverseofficial/
YouTube: https://www.youtube.com/channel/
Twitter: https://twitter.com/mvs_org
Github: https://github.com/mvs-org/metaverse

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SuperNova Solutions Part 2: You Are More Than Just a Transaction Address

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The Importance of a Decentralized Identity Layer: Implementation and Use on the Blockchain
Technological development causes society to live in a highly interconnected manner that leads to our online identity, or digital identity, exerting an important influence on our lives offline. Although the effects of our increasingly digital world have been overwhelmingly positive, many bright minds have used the shift into a digital age as an opportunity to engage in dark practices by exploiting sensitive information from centralized datastores. The Equifax hacking that resulted in exposed financial information for thousands of consumers as well as the transfer of user information from Facebook to Cambridge Analytica and the relation to the 2016 U.S. presidential election are two examples, among many, of security breaches and violation of data ownership rights in recent memory. As the exploitation of online information occurs with greater frequency, the loss of personal and sensitive information requires us to find a method to secure our online, or digital, identity. The world has expressed their dissatisfaction with the lack of transparency and unchecked power that sometimes results from byproducts of centralized systems like that of Facebook and Equifax. However, the launch of Bitcoin served as a starting point at which society began to recognize the benefits of decentralized networks. From there, the additional security provided by the transparent and immutable nature of blockchain led to the ascension of distributed ledger technology and its applications.

Digital identity on the blockchain is relatively new, but very significant. Primarily, implementing an identity layer on the blockchain gives users a self sovereign identity protocol. What this means is that identity is stored on the decentralized blockchain ledger, not in a centralized database. Further, digital identity can provide blockchain users with a way to create a reputation on the blockchain in order to validate them as a trustworthy user of the network.

As digital identity develops on the blockchain in a variety of forms, it is important to understand what makes each implementation different and how each platform’s verification process operates. Identity layers on the blockchain all utilize public and on-chain transaction addresses as a form of identity, but identity solutions vary regarding their implementation on a third party DApp or a blockchain’s mainnet, and variance in the cost of provisioning a digital identity is significant across blockchains. As blockchain technology develops, a wide array of decentralized identity solutions will exist, and what will distinguish a project’s identity function is ease of use, cost, and the ability for identity to carry across DApps within a blockchain ecosystem.

How Digital Identity Works in the Metaverse Ecosystem
The pillars of the Metaverse blockchain are Digital Identity, Digital Asset, and Value Intermediary, represented by Avatar, Metaverse Smart Token and Metaverse Identifiable Token (MST & MIT), and Oracle, respectively.

The SuperNova mainnet upgrade makes Metaverse the first public blockchain to implement a digital identity layer. The ability for users to create their own asset and attach it to their identity on the blockchain provides a link between people and assets in the blockchain system that personifies user interaction in the Metaverse ecosystem, an aspect that is lacking in other public blockchain networks.

SuperNova solution 1 describes the accessible nature of the Metaverse blockchain and showcases the simple steps users (individuals, businesses, or other entities) can follow to create their Avatar and issue MST or MIT. Further, please see Metaverse Explained: Avatars for an in-depth description of the Avatar functionality.

Here I describe how Avatars contribute to the health of the Metaverse ecosystem in the following ways:

Communication:

Each blockchain user has a public transaction address that serves as his or her anonymous identifier on the blockchain. With the registration of an Avatar, users may attach a name to their public address that can be used in place of the address when executing transactions. This makes the Avatar’s actions on the blockchain identifiable. Using the private key that accompanies the public transaction address and therefore the Avatar, users may sign messages on the blockchain. Users may also send messages to an Avatar that only the Avatar can decrypt using its private key. Given that Metaverse is an infrastructure layer blockchain meant to serve as a platform for blockchain applications, the ability to communicate in a secure fashion promotes interaction among Metaverse users and aligns with Metaverse’s goal of creating a more democratized blockchain ecosystem.

Reputation:

Attaching an identity to a public address allows users to create a reputation on the blockchain. The action of signing a message, using the Avatar’s unique private key, allows other users on the blockchain to verify the Avatar’s signature and leads to the solidification of the Avatar’s identity on the blockchain. Users may also verify the Avatar’s actions on the blockchain through transaction records, now an easier task with an Avatar’s unique name attached to the public transaction address. Moreover, reputation in the Metaverse blockchain has reach; as many projects function within the Metaverse ecosystem, digital identity provides an aspect of security that holds within the entire ecosystem, not just for one business or application.

Coupling token issuance with the identity layer:

The relationship between digital identity and digital asset on Metaverse mirrors the relationship between real life users and their stores of value. In order to register an asset on the Metaverse blockchain, users must first create an Avatar (digital identity). Each asset created is linked to an Avatar who is validated by his or her reputation. This peer to peer validation process creates a zero-knowledge proof that the Avatar and the corresponding asset are trustworthy.

The asset-identity link holds further implications when considering non-fungible assets, known as MIT in the Metaverse ecosystem. Each MIT is unique, and creating the ability to attach a unique identity to each asset allows each MIT to be more easily recognized and validated. The Parcel X and Luxchain projects, built on the Metaverse blockchain, showcase how the implementation of non-fungible assets expands the type of applications that can be built on the blockchain due to the fact that MIT provides the ability to tokenize items as they are in reality. Further, MIT allows for the representation of unique digital items, such as Crypto Kitties, on the Ethereum blockchain.

Metaverse assets are not just a cryptocurrency or a device for monetary exchange, they may represent a variety of assets that are linked to actors on the chain through their digital identity.

A look forward to the next phase of digital identity: Oracles

Oracles will be third party organizations that will act as value intermediaries in the next stage of Metaverse’s digital identity development. These organizations are qualified to act in the Metaverse ecosystem to authenticate or verify assets or information that users register on the blockchain. Similar to the way a user may send a message to an Avatar that only it can decrypt using its linked private key, an Oracle will validate a user’s information by using its master private key to provide a signature on the information. Introducing authentication through an official third party paves the way for tokenization of a wide range of assets and is meant to allow users to transfer many different types of value other than digital currency.

To review digital identity application scenarios, please see the Metaverse Digital Identity White Paper

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**
The status of digital identity in blockchain**
The implementations of digital identity on other blockchains are listed here:

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Metaverse has introduced a powerful, efficient, and low cost identity layer. Together, digital asset, digital identity, and value intermediary functionalities position Metaverse to host a wide array of decentralized applications. As users realize the full potential of these functions, the Metaverse ecosystem will continue to grow and allow us to enter The New Reality.

Please stay tuned for part 3 of the SuperNova Solution series!

In the meantime, learn more about Metaverse here:

Website: https://mvs.org
Facebook: https://www.facebook.com/mvsofficial/
Telegram: t.me/Metaverse_Blockchain
Discord: https://discord.gg/56ky6fb
Reddit: https://www.reddit.com/r/Metaverse_Blockchain/
Instagram: https://www.instagram.com/metaverseofficial/
YouTube: https://www.youtube.com/channel/
Twitter: https://twitter.com/mvs_org
Github: https://github.com/mvs-org/metaverse

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Metaverse Weekly Report (7/30 — 8/4)

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Welcome to the Metaverse Weekly Progress Report for the week of July 30th! Read about our development and marketing progress in this weekly update brought to you by the Metaverse team.

Technical Development

Lightwallet
Finished deployment of lightwallet v0.4.1 and it is already released

Other Developments
Improved the tracking data of Ethereum and ETP
Improved the cross-chain asset transaction service between Ethereum and ETP
Finished the functional development of transferring between Ethereum and ETP
Implemented report and html interface for data query of the front end
Completed the deployment of service script

Marketing Updates
Our Community member Xavier Molina Mercadé from Barcelona published a video about Metaverse in Spanish and we really appreciated his passion and enthusiasm when talking about the Metaverse project. The Metaverse community is growing globally and we encourage more supporters to make this a truly global project.

Aiming to become a “Virtual LEGO,” Leblock innovates the traditional gaming industry by integrating Metaverse’s blockchain technology. Leblock’s rewarding system continues to attract more users and currently has more than 100,000 active users. We believe that Leblock and Metaverse will benefit each other and the Metaverse ecosystem will be more robust. For more details take a look here: Leblock: The ‘Virtual Lego’ that is Set to Revolutionize Gaming as We Know It.

Metaverse is revolutionizing traditional finance and is committed to empowering people by giving them the ability to create a Digital Identity and Digital Asset with ease. For more info information on our most recent developments, take a look at SuperNova Solutions: Power to the People where the article details how we’re innovating with the introduction of Supernova.

We are excited to announce that lightwallet v0.4.1 has been successfully deployed. The newly added functions bring a more user-friendly experience to lightwallet users. You can experience the new functions at https://www.myetpwallet.com/.

Our developer Laurent Salou explained how Plugins are connected on Metaverse. Plugins are embedded in the lightwallet and currently can be added into the testnet. By incorporating some of Supernova’s functions, for example, the Avatar name list can be called in the plugin. You can connect simple applications to our testnet without adding untrusted plugins.

ETP price saw a steady increase for the past several weeks and we are glad to see that ETP mining rewards surpass Ethereum on What To Mine.

Eric was invited to participate at a Blockchain Salon held by RCLUB SHANGHAI in Beijing along with Draper Dragon innovative partner Wang Yue, NEO founder Da Hongfei and Zuo Hua, partner of Penta. Eric shared his views about ultimate secrets about value investment. For more details, please visit https://mp.weixin.qq.com/s/8qpz43_mzxPC4N4ExWcfGQ.

Make sure you’re following us on our official Website, Facebook, Twitter, Reddit, Discord, Github, and Telegram to keep up with updates and announcements!

Website: https://mvs.org
Facebook: https://www.facebook.com/mvsofficial/
Telegram: t.me/Metaverse_Blockchain
Discord: https://discord.gg/56ky6fb
Reddit: https://www.reddit.com/r/Metaverse_Blockchain/
Instagram: https://www.instagram.com/metaverseofficial/
YouTube: https://www.youtube.com/channel/
Twitter: https://twitter.com/mvs_org
Github: https://github.com/mvs-org/metaverse

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Lightwallet Update

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We are excited to announce a new version of the lightwallet. Check out the newly added features below.

Estimated Deposit Time

When placing a Deposit, users can now view an estimation of the locking period based on the time spent processing the last 1,000 blocks. Please be aware that this is only an estimation, and that the real lock-up period is subject to variation depending on block generation speed.
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Estimated Unlocking Date
Using the same approximation (processing time of the last 1,000 blocks), the Deposit history now displays an estimation of the unlocking date. This date is also subject to variation depending on the speed of block generation.
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Customized Transaction Fee
In order to keep up with the rate of increase of daily transactions, the transaction fee can now be customized. Currently the minimum fee (0.0001 ETP) is enough to have the transaction processed quickly, but in case of a high number of transactions, the transaction fee can now be increased to prioritize the transaction.
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Public Message
Transactions can now contain a public message (cf. screenshot above). This public message can be seen in the explorer as below:
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Updated Number of Addresses
By default, the lightwallet loads the 10 first addresses of a user’s private key. If users need additional addresses, this number can be updated a maximum of 50 times, enabling users to have up to 50 addresses. Please keep in mind that loading a high number of addresses with a high number of transactions might also slow down the wallet, so we recommend not loading unused addresses.

Additionally, the lightwallet uses a HD Wallet (Hierarchical Deterministic) to generate multiple addresses from users’ seeds. Because users’ addresses are generated in a deterministic way, if a user reduces the number of their addresses, they can add them back later by increasing the number of addresses. It will always regenerate the same addresses that will keep the same balances.
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Our team appreciates the contributions made by our community, and we are motivated by your continued trust and support.

We take community feedback seriously. Please notify us of any bugs you find at https://github.com/mvs-org/lightwallet/issues and we will work our hardest to address them.

Please follow us on Github, Facebook, Twitter, Youtube, Telegram, Reddit, and Discord for the latest Metaverse updates.

Website: https://mvs.org
Facebook: https://www.facebook.com/mvsofficial/
Telegram: t.me/Metaverse_Blockchain
Discord: https://discord.gg/56ky6fb
Reddit: https://www.reddit.com/r/Metaverse_Blockchain/
Instagram: https://www.instagram.com/metaverseofficial/
YouTube: https://www.youtube.com/channel/
Twitter: https://twitter.com/mvs_org
Github: https://github.com/mvs-org/metaverse

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SuperNova Solutions Part 1: Power to the People

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SuperNova, the Metaverse blockchain’s upgrade in June of this year, enhanced Digital Assets (MST and MIT) on the platform and introduced one of the core pillars of Metaverse: Digital Identity (Avatars). Together, Metaverse Avatars and MST (Metaverse Smart Tokens) will revolutionize the way users interact and transact value on the blockchain. To make sure our current and future community members understand why these features are so valuable, this piece will be the first in a three-part series explaining the power of SuperNova. In this article, we would like to start by focusing on an idea that has been central to SuperNova’s development: accessibility.

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Figure 1: Metaverse blockchain development status with SuperNova

Democratizing the New Reality
Metaverse is the first public blockchain to implement digital identities and to effectively integrate them into an ecosystem with digital assets (positioning us at “Our Current Status” in Figure 1). For those who are new to the community, Avatars are unique, self-sovereign identity ledgers on the Metaverse blockchain, and MST are trust-free, traceable and immutable smart properties connected to those identities. Our project is ambitious in scope: we are creating a New Reality in which all types of entities — from individuals to global enterprises — build up their Avatars’ Reputations on the immutable, decentralized ledger of the Metaverse blockchain, and store and transact value of all types through MST and MIT. In order to realize this vision — and to stay true to the permissionless principle of the original blockchain — Metaverse is striving to make these features easily accessible to all, regardless of financial resources or programming knowledge.

Although Metaverse is a pioneer in digital identity and digital asset functionalities, other projects in the public blockchain space have implemented similar features. These projects, however, have constructed substantial barriers to accessing those features, thus actively undermining their potential for growth and user adoption. In this article, we will first explore what makes those other projects so inaccessible, so we can then highlight what makes Metaverse so accessible. It is only through an open, democratized ecosystem that the New Reality can truly be achieved.

Barriers of Other Projects
There are several accessibility barriers to the digital identity, digital asset, and smart contract features of other blockchains. One barrier that stands out among them is cost. For example, take NEO, another public blockchain based in China, and their system fees exhibited in Figure 2.

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Figure 2: NEO blockchain system fees (Source: neo.org)

These fees capture the baseline costs for transacting within the NEO ecosystem. It is important to note while looking at the figure that these are just the minimum fees. For instance, although the price to create a smart contract could theoretically be 100 GAS (which is still extremely expensive) as stated next to “Contract.Create” in Figure 2, in practice the price is 500 GAS or more for a basic smart contract, and 5000 GAS for smart asset creation, as evidenced in Figure 3.

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Figure 3: A NEO blog post displays the 500 GAS price users pay for smart contract creation (Source: neo.org)

The current price of GAS is around $10, but previously the price has been as high as $91.94. At that all-time high price, it would have been nearly USD $460,000 to create a smart asset, and if NEO has any ambition to grow as a project, the price of GAS will surely increase again. Moreover, for users to renew a smart asset that they have already created is another 5,000 GAS per year: at the ATH price this would equate to an astronomical $460,000 annually, but even at the current price of $10, users would need to pay a $50,000 annual asset renewal fee. Yes, users can generate GAS by holding NEO, but for all except the biggest bag holders, the generated GAS is negligible in comparison to the massive fees.

By making the costs of smart contract and asset creation so exorbitantly high, NEO fundamentally disregards the ideal on which blockchain was founded — enabling anyone, regardless of resources, to take full part in the network. The project claims that these prohibitively high costs are a necessary barrier to entry to prevent scams and useless smart contracts, but in practice this rationale is nonsensical. There are mechanisms to deter and prevent fraud other than having users fork over tens of thousands of dollars, and by establishing these high smart contract and asset fees, NEO is pursuing the creation of a gated community for the monetary elite. To truly make a broad, meaningful impact, blockchain ecosystems, including their functionalities tied to digital value, need to be made accessible to all.

Another barrier preventing the everyday user from accessing the functionalities of other public blockchains is the necessity of programming knowledge. Ethereum, a public blockchain also planning to utilize digital assets, digital identities, and smart contracts, is a prime example of a project that has created this barrier.

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Figure 4: Solidity code (Source: GitHub.com, contributors “Pawel Bylica,” CryptoMental,” “Erik Kundt”)

In order to develop on Ethereum, it is necessary to use the programming language Solidity, a language created by the Ethereum team and not widely known. Thus, although there are a few tutorials online, developing on Ethereum can be a highly complex task, even for an experienced developer. The public blockchain Qtum is also integrated with the Ethereum Virtual Machine (EVM) and therefore requires Solidity coding knowledge as well. By necessitating the use of Solidity, these projects make the utilization of their platforms unnecessarily complex for small-time developers. Moreover, because most projects will end up having to pay to outsource their development on these platforms to third party developers who are well-practiced in Solidity, Ethereum and Qtum have ended up creating a de facto price barrier for small organizations. In his article for Hacker Noon, Michiel Mulders notes that it can cost $45,000 or more to develop an Ethereum smart contract with advanced features. With enough time, dedicated developers could eventually teach themselves Solidity to build on Qtum or Ethereum, but the opportunity cost of not using that time on other aspects of their project would be substantial. Even for NEO (and Qtum after implementation of their X86 Virtual Machine), which allows for use of popular high-level languages for dApps and smart contracts, the difficulty of implementation can still be a huge burden, slowing down development and introducing a high risk of unexpected bugs — like in the case of this ICO which had to be stopped halfway through.

One last access barrier of note is the unnecessary inconvenience and added cost of non-intrinsic digital identities. Other projects following in Metaverse’s footsteps by pursuing digital identity are relying on third party platforms to integrate with their blockchains to provide this functionality. This strategy introduces several issues (which will be discussed in the next part of this series), but from the standpoint of broad access, third party digital identities — such as Civic on Ethereum, Vetri and TheKey on NEO, and IDHub on Qtum — subject their digital identity ecosystems to token price fluctuations. The potential for high token prices and transaction fees for users to simply utilize their own digital identities is inconvenient for small developers and institutions.

The SuperNova Solution

Clearly, other public blockchains are devising many of their own digital identity, digital asset, and smart contract features with intent and consideration of their own unique use cases. Using those projects as a backdrop for comparison highlights one facet of what makes Metaverse unique and innovative: a platform built with all users in mind. Metaverse has set low system fees that are designed not to price out honest developers with minimal capital. When projects like NEO require businesses to make a huge financial commitment to establish a project on their Mainnet, they deter existing companies that are interested in the synergies between their operations and blockchain. These companies may not be familiar with the technology and are unsure of the return on investment for implementing blockchain. Other projects’ price barriers thus underscore a key value proposition of Metaverse: to let existing companies do what they do best and come to us for the blockchain network and security, as opposed to only attracting new companies that are establishing new projects.

With Metaverse, users can form digital identities and digital assets with just a few clicks. Creating an Avatar costs just 1 ETP (~$2 USD as of this writing), and the process is as user-friendly as possible. To make one, users can simply visit the “Avatar” page within the Metaverse Wallet and click “Create Avatar,” as displayed in Figure 5. Users can then choose an Avatar name and select an ETP address to link it to, shown in Figure 6. As long as there is at least 1 ETP in the selected address, users can have a digital identity in seconds!

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Figure 5: Accessing Digital Identity Creation in the Metaverse Wallet

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Figure 6: Digital Identity Creation Page

Creating a Digital Asset is also very simple. Once users have established a digital identity, they can conveniently register a MST or MIT, and their Avatar will receive the newly created tokens. Users simply need to go to “Assets” in their Metaverse Wallet and click “Create MST/MIT,” as exhibited in Figure 7.

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Figure 7: Accessing Digital Asset Creation

Within the asset creation page, users are free to adjust characteristics of their asset such as the maximum supply and the ability to enable secondary issue — without any programming required.

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Figure 8: Digital Asset Creation Page

This entire process is quick, convenient, and inexpensive. Since MST transfers are “lodged” in ETP transactions, there is a small (10) ETP transaction fee as part of the MST transfer. This minimal registration fee is an important mechanism for the system to protect itself, as free MST creation would open the system up to DDoS attacks; however, we are committed to making sure this fee does not become prohibitively high and have designed a weighted fee model in order to adjust to variability in the price of ETP.

The features of Digital Identity and Digital Asset on Metaverse are easy to implement and can be accessed efficiently and cost-effectively. By optimizing accessibility, we are positioning the Metaverse ecosystem for mass adoption. As our network grows, entities established on the Metaverse blockchain can take part in an ecosystem where value is transacted securely without the need for trust. We invite all people to establish their Reputations on the Metaverse blockchain and to begin seamlessly transacting value through MST and MIT. We welcome all people to the New Reality.

Please look out for Parts 2 and 3 of this SuperNova Solution Series!

Learn more about Metaverse:

Website: https://mvs.org
Facebook: https://www.facebook.com/mvsofficial/
Telegram: t.me/Metaverse_Blockchain
Discord: https://discord.gg/56ky6fb
Reddit: https://www.reddit.com/r/Metaverse_Blockchain/
Instagram: https://www.instagram.com/metaverseofficial/
YouTube: https://www.youtube.com/channel/
Twitter: https://twitter.com/mvs_org
Github: https://github.com/mvs-org/metaverse

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Metaverse Weekly Report (7.23–7.29)

Welcome to the Metaverse Weekly Progress Report for the week of July 23! Read about our development and marketing progress in this weekly update brought to you by the Metaverse team.

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Technical Developments

1) Explorer:

2) Lightwallet:

  • Added an option to update the number of addresses in the wallet
  • You can now add and use Plugins on the testnet

  • Updated the deposit history

  • You can now add public messages to transactions

  • You can now choose the mining fee for transfers and deposits

3) Other development

  • Designed and developed asset cross-chain services
  • Completed the database design, completed tracking the data of Ethereum and ETP

  • Developed asset trading module

Marketing Updates

Metaverse provides convenient and secure digital financial services accessible to all Internet applications. This past week we saw a correlation between the value of ETP and the recent rise in ETP. This week Metaverse was featured in this article, Metaverse: One of the Most Underrated, High-Performing Blockchain Projects of 2018. The article details the reasons the Metaverse project is so undervalued in the market.

Metaverse aims to create a new reality with an open-source public blockchain that provides digital assets and digital identities to its users. Creating the Digital Identity (Avatar) is the first step to entering “The New Reality.” For more information, please visit How blockchain tech removes the hassle of multi-account sign-ins. The features we’ve implemented described in the article show our commitment to digital identity as well as security.

That is it for this week, please follow us to keep up with any announcements or events! See you next week.

The Metaverse Team

Follow us and keep up with the latest news on our official Website, Facebook, Twitter, Reddit, Discord and Telegram!

Website: https://mvs.org
Facebook: https://www.facebook.com/mvsofficial/
Telegram: t.me/Metaverse_Blockchain
Discord: https://discord.gg/56ky6fb
Reddit: https://www.reddit.com/r/Metaverse_Blockchain/
Instagram: https://www.instagram.com/metaverseofficial/
YouTube: https://www.youtube.com/channel/
Twitter: https://twitter.com/mvs_org
Github: https://github.com/mvs-org/metaverse

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Metaverse Weekly Report (7.16–7.20)

Welcome to the Metaverse Weekly Progress Report for the week of July 16! Read about our development and marketing progress in this weekly update brought to you by the Metaverse team.

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Technical Developments

1.) Light Wallet

Added new currency benchmarks RMB, USD, and BTC to show the real-time value of ETP
Released v0.3.7 Light Wallet Version
Progressed on plug-in research for the next version
2.) SuperNova

Published SuperNova version v0.8.2
Fixed block synchronization bugs and published the fixes in version v0.8.2
3.) Other Developments

Deployed the Ethereum private chain for cross-chain development testing
Created and published APIv3 document
Marketing Updates

Eric Gu, CEO of the Metaverse Foundation, participated in a talk with Block360, one of the leading blockchain media outlets in China. In the conversation, Eric talked about the link between digital identities and the virtual world, as well as the relationship between smart contracts and smart assets. He finally mentioned disruptive blockchain technologies and their applications. Below is a poster (in Chinese) describing the past event:

NfKlIAX.png - Metaverse Weekly Report (7.16–7.20)

That is it for this week, please follow us to keep posted on our upcoming updates and events! See you next week.

The Metaverse Team

Please follow us on https://github.com/mvs-orgGithub, Facebook, Twitter, Youtube, Telegram, Reddit, Discord, and our blog for the latest updates of Metaverse.

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