Cryptocurrency Metaverse (ETP) Features, prospects, where to buy. Where to Buy or Exchange Metaverse ETP Coins
Metaverse is a cryptocurrency based in China. Designed to facilitate the low-cost and convenient transfer of digitized personal data and assets with unparalleled security and privacy, Metaverse aims to revolutionize the processing of financial services and transactions and improve legacy and ineffective authentication services through the digital asset network, Digital Identities and Oracle. ...
Purse
This coin's wallet is a bit unusual as it uses the browser as a graphical shell. First, download it from the official website by clicking on the "Wallet" tab in the top menu.
After the file has been downloaded, run it and the program opens the browser page that you have installed by default. By default, everything is in Chinese, however there is a switch to English at the top. Now we click on the "Create account" button.
We drive in the name of the account and your password.
After the system will provide a mnemonic code consisting of 24 words, we copy these words to ourselves in a safe place, since it will need to be entered afterwards.
We all finished registration and can now open their wallet. Now let's go to the "Adresses" tab, where we can find the address of our wallet.
Pool
There are several pools where Metaverse can be mined:
We will be mining on Dodo Pool Metaverse, which has 34.05 GH out of 240.40 GH power. We will configure the miner for it.
Software and its configuration
We will mine through Claymore's AMD + NVIDIA GPU Miner. Now download, on the bitcointalk website there are links from the official developer of the miner program.
After downloading, we look for the start.bat file, open it with a text editor, delete everything and insert the following line:
EthDcrMiner64.exe -epool stratum + tcp: //etp.dodopool.com: 8008 -ewal MXBEZ2LymyvKdSXJnBPJFjSx9yp2kgQoqd -epsw x -allpools 1 -allcoins 1 -gser 2 -eworker rig1
You only need to replace the address (a long gibberish of letters and numbers).
Now we check whether the mining process has started, for this on the pool, click on the "Home" tab in the top menu and in the "Lookup" field, insert your address.
We will see something like the following window.
If everything is indicated correctly, then in 5-10 minutes your statistics will appear.
In recent years - in the era of mass popularization of various cryptocurrencies - it is China that tops the list of countries that hinder their development. After the ICO was banned, a number of tough statements and restrictions on, many experts have doubts about the motivation of the Chinese government. At first glance, it may seem that it is guided by a policy of destroying cryptocurrency circulation in its country. But in fact, China is preparing its own leaders in this area, who will soon capture a significant market share.
We'll talk about one of these leaders in this article, and his name is Metaverse (ETP)
History of the Metaverse
Metaverse is a fully decentralized and public cryptocurrency. When creating it, the developers were guided by quite specific goals: to take the Chinese market away from, and confidently move to the West, expanding its audience. Cryptocurrency is positioned as the most convenient online platform for exchanging and storing digital assets, as well as for crypto-identification.
Metsverse currently has some serious competitors in China, such as NEO. How cryptocurrencies will divide the audience, and who will win in their confrontation is still unknown.
Features of the Metaverse cryptocurrency
There are several reasons why Metaverse stands out from the string of similar cryptocurrencies:
- Mandatory account identification.
- Convenient ability to create new digital assets with their subsequent storage on the platform.
- Possibility of using "oracles".
- Cryptocurrency exchange availability.
The Metaverse platform itself is an intermediary for the creation and storage of digital assets that will definitely remain with the owner and will not fall under a hacker attack. This security is realized thanks to decentralized identification.
For some applications, Metaverse has a nice function - special oracles that "fish out" information from the Internet that interests the owner of the device, for example, the results of a football match, and so on. In addition, a currency exchange has been launched on the platform at a favorable rate for users.
Metaverse technical capabilities
Like other crypto projects, the Metaverse platform is based on the blockchain - currently the largest in China. Its purpose is secure and confidential transactions.
With the help of the service, you can digitize "real" monetary assets to increase their market value. This process is called “incorporating values into the Internet of Values ecosystem”.
This digital asset registration takes place throughEntropy (ETP). They are also used as payment for various commissions, identification of assets and their owners, as well as for a preliminary total assessment of assets located in the blockchain.
Each transaction takes place through a dedicated wallet developed for this platform. To manage the wallet, you do not need to enter personal information, since it is a connecting link that helps to digitize assets, transfer them to the network and work with them further.
With Metaverse, you can easily digitize the following asset types:
- Antiques
- Copyright Intellectual Property
- Paintings
- Any objects of art
- Ownership of some financial instruments and much more.
For the formation and confirmation of digitized values, special certificates, certified by the system, are used.
The platform can be used not only by individual individuals, but also by legal entities - companies, corporations, as well as various government agencies. It can even be used for financial cooperation between different states. The Metaverse system "stands on three pillars":
- Digital assets.
- Users: digital identities and intermediaries of transactions.
- Oracles that define value.
After passing through digital identification, information is permanently recorded in the blockchain. Thus (we mentioned this earlier), all assets are assigned to a specific user on a permanent basis.
An oracle is an intermediary that can be anything: a program, bank, organization, structure, or any government agency. It also passes mandatory registration in the Metaverse system. In other words, the Oracle can be called the connected between the digital platform and the real material world.
Let's analyze cryptocurrency mining in stages.
First, here is a comprehensive information about the Metaverse blockchain:
- The mining is carried out using the DaggerHashimoto (Ethash) algorithm.
- On the Web, a block is generated in 35 seconds.
- The average and final block reward is 2.85 coins.
The already known algorithm is used as a protective method.... Each formed block has its own parameters, which only become more complicated with the generation of new ones. This process requires a lot of power, making it impossible to mine Metaverse on weak equipment.
The etp.sandpool.org pool is best suited for mining Metaverse because:
- it has one of the lowest commissions
- the amount of the minimum payment is 0.5 ETR
- payments are made every two hours
- equipped with a special system of proportional distribution of remuneration
- remuneration is paid in full
Trading Metaverse
The cryptocurrency was launched in the summer of 2017. Therefore, accordingly, there is critically little information about it, and it is not yet very popular.
However, there are several exchanges on the Internet that are willing to accept Metaverse:
- Bitfinex
- HitBTC
- OpenLedger DEX
- RightBTC
The sale also takes place in cryptocurrency pairs with bitcoin, ethereum and other popular coins. Operations are also available in tandem with the US dollar.
Keep up to date with all the important events of United Traders - subscribe to our
Metaverse (ETP) Is a decentralized open platform for digital assets and digital identity.
Metaverse is a leading public blockchain based in China. Designed to support the inexpensive and easy transfer of digitized personal data and assets in an environment of unprecedented security and privacy, Metaverse aims to revolutionize the way financial services and transaction processing are provided and improve legacy and ineffective identity services across a network of digital assets, digital identities and oracular intermediaries.
Course on 09/18/2019
- Well: RUB 57.77
- Symbol: ETP
- Rating (CMC): 78
Metaverse features
- Trading code: ETP
- Total amount: 100,000,000 ETP
- Block time: 24 seconds
- Programming language: C ++
- Consensus algorithm: PoW + PoS
- Dedicated to system operating personnel (PoW mining): 30 million ETP
Algorithm
Digital assets
Physical assets can be digitized to improve market efficiency and selling price, while being linked to the Internet of Value.
Avatar - Digital ID
Digital identity is an important concept for the exchange of information and assets, connecting people, companies and the Internet of Things (IOT).
Oracle - Value Mediator
Value intermediaries link the physical world and the virtual digital world. They create “smart property” on the blockchain, prove the link between individuals and avatars, and serve as regulatory bodies that oversee transactions on Metaverse.
Digital identity Is the common name assigned to the profile information of the account and is consistent with the master private key that belongs to the user. Each profile has a unique identifier called DID. There is a one-to-many relationship between master private keys and digital IDs, and any entity (individual, organization, etc.) can create a digital ID and associate it with their master private key. In addition, profiles can also provide efficient chains of evidence, allowing users to release assets on the blockchain and use authorization and request functions.
BaaS concept
The BaaS concept was first proposed by Metaverse. Businesses or individuals can customize blockchain services for blockchain solution providers according to their actual needs. The Metaverse BaaS platform is primarily targeted at business users such as individuals or companies with transaction and asset management needs. Business users can no longer be grouped as they used to be, so the BaaS platform must be capable of meeting the requirements of any digital identity.
Metaverse Foundation
The Metaverse Foundation aims to maintain the liquidity of the ETP and its effectiveness as an economic vehicle. The principles of capital investment and fund management are based on the development of all industrial ties arising from the Metaverse blockchain.
Target:
- Community members support.
- Support for the promotion of products, projects and ideas of the community.
- Investing in projects to create commercial applications on the Metaverse blockchain.
Metaverse Is a decentralized open platform for intellectual properties and digital identity. The platform is based on publicchchain technology. The goal is to create an “Internet of Value” infrastructure by combining digital assets, digital identities and oracles to create a network of intelligent properties.
In more basic terms, Metaverse is a blockchain made in China. Some people call it the Chinese version of Ethereum. Just like China has Baidu instead of Google or WeChat instead of Facebook, Metaverse is quickly becoming Ethereum in China.
The Metaverse project is spearheaded by ViewFin.com, a Chinese blockchain digital technology and blockchain news company in China. The project was founded by Eric Gu, one of the leaders in the Chinese blockchain technology industry.
Metaverse features
- Registration of digital assets:
Digital assets are a new type of asset with growing importance. With just a few clicks, you can use your assets online. - Digital Identity Design:
In the Metaverse, recordings will last forever. Your digital identity belongs to you, and it is your eternity. - Oracle Intermediary:
Intermediary services called "Oracles" are based on a decentralized reputation system that acts as a link between the Metaverse and the real world. Or, trusted institutions like banks and government agencies can register as oracles to provide an objective third-party intermediary. - Decentralized exchange:
Users can freely and easily exchange values over Metaverse.
Overall, the Metaverse blockchain wants to create a new economic model.
Whole digital assets that want to be successful in China must be based in China. The Chinese government has a long history of supporting Chinese businesses by restricting non-Chinese businesses (for example, using Baidu instead of Google, WeChat instead of Facebook, and Alibaba instead of Amazon); Metaverse aims to be the Chinese replacement for Ethereum.
The Three Pillars Metaverse
The Metaverse blockchain specifically identifies three pillars of its platform, including all of the following:
- Avatars (digital identities):
When you have an avatar, you have a digital passport for the virtual world. Your avatar can be controlled by an individual or artificial intelligence. An avatar can own multiple digital assets. The blockchain has a many-to-many relationship in which digital assets can also be owned by many avatars. - Digital Assets:
Combining digital assets with digital identities enables Metaverse to create “internet value”. In Metaverse, digital assets represent any category of digital assets. Digital assets can represent anything, which means that communities can value what they want. As the Metavridge newspaper explains: "We are moving towards an age that can not only transfer money, but also transfer value." - Oracles:
Oracles, as mentioned above, work as intermediaries. They are built on a blockchain to apply sound judgment and validate actions.
Metaverse wallet
The Metaverse wallet has the following features:
Private key:
A wallet is a deterministic wallet, which means that users can easily restore wallets without any information, or create public addresses without using a private key.
Individual assets:
The wallet allows customers to create their own assets from the Metaverse platform and access all of those assets from the same location.
ETP addresses:
Clients are allowed to create as many ETP addresses as possible and then conveniently transfer ETP tokens between addresses.
Road map
Output
Chinese developer Viewfin.com has recognized the potential of the Ethereum blockchain and smart contract technology. However, they believe they can improve the technology, make it less contract-restrictive and serve it in the Chinese market. Essentially, Metaverse is the Chinese version of the Ethereum block diagram.
We've already seen the potential of the Metaverse block with companies like ZenGold, which offers digital tokens backed by real gold reserves verified by the Metaverse blockchain.
Today, many would like to acquire an additional source of income. However, the situation, as a rule, is canonical: you want money, but you don’t want to work. This is quite normal and understandable. Moreover, in the overwhelming majority of cases, there is simply no time for additional work (after all, you also need to sleep). Modern information technologies can provide an opportunity for passive earnings on cryptocurrency mining. Note that today, in addition to bitcoin, there are a huge number of similar projects on the network based on Blockchain technology.
ETP (Metarevse) pool is an opportunity to earn money on Metarevse coins. This is a comparative young currency that was organized in China. Of course, in terms of its support at the moment, it cannot be compared either with BitCoin, or even with Ethereum. Nevertheless, Metarevse deserves the attention of miners and here's why.
As early as September 20, 2017, the currency price was $ 0.30. However, after the Metaverse was listed on the top exchanges, the cost increased to $ 4 per coin. The positive trend is expected to continue in the near future.
However, do not forget that at the start, almost every new cryptocurrency demonstrates similar dynamics. A rebound is expected later. And nevertheless, thanks to the new price, the currency falls into the rank of interesting from the point of view of mining.
There are still not as many pools as we would like, but today some of the capacities can be directed to Metaverse. Below are its characteristics:
- fully decentralized currency (mining);
- Metaverse currency exchange is completely decentralized;
- Oracle can be almost anyone;
- lifetime account registration.
It should be emphasized that we are not talking about some HAYP structures, which actually do not differ from financial pyramids. Here everything is tied to the Blockchain. Money is paid for actually performing computational operations.
Independent polls show that the overwhelming majority of even active users (active - not advanced) are unaware of what the Blockchain is.
In fact, we are talking about blocks in which encrypted transactions are recorded. Almost any information can be stored in the Blockchain. It should be understood that the blocks follow exclusively in sequence, one after the other.
In this case, the connecting algorithms are calculated based on the previous connections. Thanks to this, the theft of the block or even changing the information in it, in principle, becomes impossible.
The blockchain is the most reliable storage of information today, since its network is spread throughout the planet. It is impossible to raid the database (data center) and steal information.
The second part of the video below provides comprehensive information on Metaverse at the moment: