Metaverse Progress Report — July,2017

Web Wallet Development Progress

New version is available

Version 0.6.10 of the Metaverse Wallet was released on July 20. The new version has optimized performance and newly added features.

o Optimized query performance
o Optimized network traffic
o Repaired failure to send transactions
o Repaired compatibility issues for various Linux distributions
o Added a multi-signature function

For more information regarding the Release Notes, please visit http://blog.mvs.live/latest-releasenotes/.

White Paper update

A segment on Blockchain as a Service (BaaS) has been added to the White Paper. White paper download: http: t.cn/R9y9hEA.

Product interface design

Web version interface preview
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Mobile wallet development progress

Metaverse will launch a mobile wallet which supports a variety of mainstream currencies including ETP. In July, we completed most of the mobile wallet research and development. Please anticipate its launch.

Interface preview:

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Block Explorer Optimization

A hash rate and difficulty display has been newly added to the block explorer, as well as transaction confirmation number and unit precision adjustment. The block explorer address is https://explorer.mvs.live/#!/.

Progress in marketing and operations

Arch Summit

In July, Metaverse CTO Chen Hao led a team of Metaverse’s core developers to attend the Arch Summit Global Architect Summit held in Shenzhen. During the event, the CTO delivered a speech titled “Public blockchains and Blockchain as a Service (BaaS)” and shared about Metaverse Blockchain’s technology practices as well as the new architecture of blockchains in the future.

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Please download the speech PPT on http://t.cn/R923Y9E.

Developer Q&A

Metaverse CTO Chen Hao conducted a special Q&A session targeting the Metaverse community and WeChat users on July 13 and received many deep questions and constructive suggestions. Please visit http://t.cn/R92r7Fe to view the Q&A content.

Overseas social media platforms set up

Overseas social media platforms including Twitter, Reddit, Facebook, Vimeo and Slack have been set up to facilitate closer interaction with overseas developers and activate development potential worldwide.
Metaverse has launched the English version of its forum, and the address is:
https: //metaversetalk.org/forum.php

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Metaverse Development Report – June, 2017

Development and operation progress

Version 0.6.9 of the Metaverse Foundation Wallet was released on the 15th of this month. The Release Notes may be viewed here: http://blog.mvs.live/latest-releasenotes/
The following is the progress made by Metaverse developers this month:

Full Node Wallet

  1. Optimized node broadcast performance, Github Issue 18.
  2. Solve issues with failure to broadcast transactions.

According to user feedback, transaction broadcast failures appeared frequently in v0.6.9. Thus, v0.6.10 will mainly address this issue.

  1. Re-designed the product interface.

New web interface preview:
20170630135211 - Metaverse Development Report – June, 201720170630135347 - Metaverse Development Report – June, 201720170630170936 - Metaverse Development Report – June, 2017

We have optimized the new UI based on different users' usage frequency and have readjusted its display and layout to improve user experience.

Mobile interface preview:
20170630175505 - Metaverse Development Report – June, 201720170630135057 - Metaverse Development Report – June, 2017

  1. Visualization and statistics for global active full nodes.
  2. Improved unit testing code.
  3. Continuous integration of Github Travis.ci configuration.
  4. The new version supports a one-click set-up package.
  5. Newly added Metaverse Wikipedia: https://en.wikipedia.org/wiki/Metaverse_Blockchain
  6. Bitcoin wiki added a new link about Metaverse Foundation: https://en.bitcoin.it/wiki/Libbitcoin
  7. BBS prized community activities: http://bbs.viewfin.com

Light Wallet

Metaverse Foundation’s Light Wallet is at the product design stage.

While the core development team of Metaverse Foundation develops the Light Wallet, the community can also participate in the development process. Metaverse Foundation will give reward to developers based on product design.

Functional enhancements for block explorers
1. Function to report main network anomalies
2. Function re-adjustment and enhancement

While the core development team of Metaverse Foundation develops the Light Wallet, the community can also participate in the development process. Metaverse Foundation will give reward to developers based on product design.

MIP-Metaverse Improvement Proposals

See Github Repository https://github.com/mvs-live/mips

The new version’s protocol considers adding the two functions below:

  1. Providing a secondary issue function when assets are issued.
  2. Assets can be frozen during asset transfers.

For such MIPs, follow-up MIP research reports will be provided.

While the core development team of Metaverse Foundation develops the Light Wallet, the community can also participate in the development process. Metaverse Foundation will give reward to developers based on product design.

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How to make transfers with Metaverse Wallet

To transfer ETP from the Wallet to another address, please follow these steps:

First select “My Assets” in the left navigation bar, then click “ETP”

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The transfer interface shown below will be displayed on the right. Please input information as per the directions written in yellow. The transaction is complete when you click “Confirm to Transfer”.

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The trading area shows your ongoing transfer transactions.

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The red arrow indicates that ETP is being transferred out of your Wallet, while the green arrow indicates that ETP is being transferred from elsewhere into your Wallet.

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Wallet synchronization guide

1. how to determine whether the Wallet is being synchronized.

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If the above interface is continually shown, and the number within the red box is increasing, the Wallet is being synchronized.

If you Wallet failed to synchronize, please check whether the Wallet is the latest version or whether your network speed is too slow. If so, we recommend closing and restarting the synchronization program. You may download the latest version of the Wallet here: http://mvs.live/index_cn.html#download

2.How to determine whether the synchronization is completed?

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In general, when the numbers on the screen are no longer updated and “connected to outbound channel” is continuously displayed, the synchronization has been completed.

Alternatively, click http://explorer.mvs.live/ to view the current number of blocks. If it matches the number of blocks shown in the synchronization program, the synchronization has been completed.

The time required for the entire synchronization lengthens with the number of blocks on the public chain. It typically takes two or three hours to complete, and also depends on your network speed. Once completed, you need only synchronize the latest data when opening the Wallet next time.

3. How to proceed after the completion of synchronization?

Please do not close the synchronization program after the synchronization is completed. Open the link included in the set-up package to enter the Wallet page and register an account. (You cannot visit the site if you close the synchronization program)

Note: Please be sure to open the Wallet from this site, it is recommended to bookmark this site.
Note: You are required to open the synchronization program each time you use the Wallet. Please keep the synchronization program open during the whole transaction process.

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Detailed explanation of the uses of a mnemonic passphrase (private key)

When you apply for a new account in the Wallet, you can receive a set of mnemonic keywords:
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As the red mosaic part shown above, the mnemonic passphrase is a string of English words.

This string of words is important. Please do not reveal parts or all of it to anyone, and please do not forget or lose your mnemonic keywords.

This is an important private key to store your account information. When you login to your account with another device or accidentally lose your account password or account information, the private key can help you retrieve all of it.

Usage method (to retrieve all your account information or login with another computer):

After selecting “New” on the login page, check “Import Account” on the new page and input your main account mnemonic words. The new account can retrieve all your original account information.

114033bitoj5qj133mj3oz - Detailed explanation of the uses of a mnemonic passphrase (private key)

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The latest version of Metaverse Wallet v.0.6.9 is launched

Version 0.6.9 contains the following updates:

  1. Added the functionality of adding a specified number of decimal places (minimum transaction unit) to asset issuance.
  2. Remarks can now be attached to transactions.
  3. Optimized performance and network synchronization.
  4. Repaired hash collision problems in database transactions.
  5. Repaired asset transfer display problems.
  6. Some other non-functional changes.

Regarding increasing the number of decimal places for asset issuance:

1) The default number of decimal places for assets already issued is zero, i.e. all of them are integers.
2) ETP transfer is not affected.
3) If you wish to use ‘Asset Transfer’ to send and receive assets with decimal places, please use v0.6.9.
4) After updating, if the explorer does not reflect the update, please use ‘command + shift + R’ to update the cache (OS X users) or ‘ctrl + F5’ (Windows users).

This release is a software upgrade, focusing on fixing Wallet bugs and enhancing functions. The local database index rebuild will automatically update the database (the blocks needs to re-sync). Please wait patiently.

To download the latest version, please visit our official website at http://mvs.live

Regards,
Core development and operations team of Metaverse Foundation.

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Metaverse main net parameter info

Metaverse main net parameters

Total amount:100,000,000 ETP

Current circulation: https://explorer.mvs.live/circulation

Mining algorithm: Improved version of ETHASH

Actual block generation time: 33 Seconds

ETP mining rewards: The initial reward is 3ETP. Mining rewards decrease by 5% every 500,000 blocks.

Algorithm difficulty adjustment: Adjusts every block (with no difficulty bomb)

Main net go-live time: February 11, 2017

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