Metaverse (ETP) - everything about cryptocurrency, rate and forecast. Metaverse coin price forecast

Metaverse (ETP)– a decentralized open platform for digital assets and digital identity.

Metaverse is a leading public blockchain based in China. Designed to support the cost-effective and convenient translation of digitized personal data and assets with unprecedented security and privacy, Metaverse aims to revolutionize the way financial services are delivered and process transactions and improve outdated and ineffective identity services through a network of digital assets, digital identities and intermediary oracles.

Rate as of 09/18/2019

• Well: 57.77 rub.
• Symbol: ETP
• Rating (CMC): 78

Features of Metaverse

• Trade code: ETP
• Total quantity: 100,000,000 ETP
• Block time: 24 seconds
• Programming language: C++
• Consensus algorithm: PoW+PoS
• Allocated 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 sharing information and assets, connecting people, businesses and the Internet of Things (IOT).

Oracle - Value Broker

Value intermediaries enable the connection between the physical world and the virtual digital world. They create “smart property” on the blockchain, prove the connection between individuals and avatars, and serve as regulators that oversee transactions on the Metaverse.

Digital ID is a common name assigned to account profile information and 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 identities, and any entity (individual, organization, etc.) can create a digital identity and associate it with its master private key. In addition, profiles can also provide efficient chains of evidence, allowing users to issue assets on the blockchain and use authorization and query functions.

BaaS concept

The BaaS concept was first proposed by Metaverse. Enterprises or individuals can customize blockchain services for blockchain solution providers according to their actual needs. Metaverse's BaaS platform is primarily aimed at business users, such as individuals or companies with transaction and asset management needs. Business users can no longer be grouped together as before, so a BaaS platform must be able to meet the requirements of any digital identity.

Metaverse Foundation

The Metaverse Fund aims to maintain the liquidity of ETP and its effectiveness as an economic vehicle. The principles of investment and management of the fund are based on the development of all industrial connections determined by the Metaverse blockchain.

Target:

1. Community member support.
2. Support the promotion of products, projects and community ideas.
3. Investing in projects to create commercial applications on the Metaverse blockchain.

In recent years - in the era of mass popularization of various cryptocurrencies - it is China that heads the list of countries that are hindering their development. After the ICO ban, a number of harsh 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 turnover on the territory of its country. But in reality, 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 creation of Metaverse

Metaverse is a completely decentralized and public cryptocurrency. When creating it, the developers were guided by very specific goals: to take over the Chinese market 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 crowd of similar cryptocurrencies:

1. Required account identification.
2. Convenient opportunity to create new digital assets and then store them on the platform.
3. Possibility of using “oracles”.
4. Availability of cryptocurrency exchange.

The Metaverse platform itself is an intermediary for creating and storing digital assets that will definitely remain with the owner and will not fall under a hacker attack. This security is achieved through decentralized identification.

For some applications, Metaverse has a nice feature - special oracles that “fish out” information from the Internet that is of interest to the device owner, for example, the results of a football match, etc. In addition, a currency exchanger has been launched on the platform at a rate favorable to users.

Technical capabilities of Metaverse

Like other crypto projects, the Metaverse platform is based on a blockchain - currently the largest in China. Its purpose is secure and confidential transactions.

Using the service, you can digitize “real” monetary assets to increase their market value. This process is called “incorporation of value into the Internet of Values ​​ecosystem.”

This digital registration of assets occurs throughEntropy (ETP). They are also used as payment for various commissions, identification of assets and their owners, as well as for a preliminary summary assessment of assets located on the blockchain.

Each operation takes place through a special wallet designed 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.

Using Metaverse, you can easily digitize the following types of assets:

• Antiques
• Copyright for intellectual property
• Paintings
• Any art objects
• Ownership rights to certain financial instruments and much more.

To generate and confirm digitized values, special certificates certified by the system are used.

The platform can be used not only by 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”:

1. Digital assets.
2. Users: digital identities and facilitators of transactions.
3. Oracles that determine value.

After passing the digital identification, the information is permanently recorded in the blockchain. Thus (we already mentioned this earlier), all assets are assigned to a specific user on an ongoing basis.

An oracle is an intermediary who can be anyone: a program, a bank, an organization, a structure or any government agency. It also undergoes mandatory registration in the Metaverse system. In other words, the Oracle can be called a connection between the digital platform and the real material world.

Let's look at cryptocurrency mining step by step.

First, we provide comprehensive information about the Metaverse blockchain:

• Mining occurs using the DaggerHashimoto (Ethash) algorithm.
• On the Internet, a block is generated in 35 seconds.
• The average and last reward per block is 2.85 coins.

An already known algorithm is used as a protective method. Each formed block has its own parameters, which only become more complicated as new ones are generated. This process requires a lot of power, making it impossible to mine Metaverse on weak hardware.

The etp.sandpool.org pool is best suited for Metaverse mining because:

- it has one of the lowest commissions

- minimum payment size 0.5 ETR

- payments occur every two hours

- equipped with a special system of proportional distribution of rewards

- remuneration is paid in full

Trade 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 readily accept Metaverse:

• Bitfinex
• HitBTC
• OpenLedger DEX
• RightBTC

Sales also occur in cryptocurrency pairs with Bitcoin, Ethereum and other popular coins. Transactions are also available in pairs with the US dollar.

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Metaverse cryptocurrency is essentially a decentralized open platform. The basis of the site is. The purpose of the creation was to provide the most convenient work with digitized and digital assets.

The Metaverse platform helps to digitize exclusive items such as antiques, art, and intellectual property. Also, the object of digitization may be the right to profit from various financial mechanisms. Thus, by converting very real things into digital, Metaverse helps to evaluate them in a specific monetary equivalent and obtain an electronic ID.

The developers set as their goal the creation of a convenient and secure infrastructure based on blockchain technology. Metaverse, a cryptocurrency and platform, is designed for the widest range of users. The platform should be convenient for both government agencies and large independent corporations, as well as for the average private user.

Structurally, the entire system is divided into three segments:

• digital identities;
• digital assets;
• oracles.

“Oracles” in Metaverse are accounts that act as intermediaries between the virtual and real worlds. To become an oracle, you must register in the system in this status. The oracle is involved in assessing the value of assets, confirming ownership of a specific asset and issuing an electronic identity card. To register assets, assign prices and pay commissions, Metaverse uses its internal currency Metaverse Entropy - also known as the ETP cryptocurrency.

History of the creation of Metaverse

The founder and creator of Metaverse is Eric Gu. In China, Gu is one of the iconic figures in the field of blockchain technologies and cryptocurrency exchanges. It’s ironic, but Eric started working on cryptocurrencies following a tip from his wife, who learned about digital coins from a movie. Very soon Gu became one of the largest investors. The idea to create your own platform appeared after Ethereum (ether) experienced the first hard fork.

Having decided to create a new economic model based on blockchain, Eric attracted a team of 20 programmers. The team turned out to be international. From the start, 22 specialists from China, the USA and Britain have been participating in the project. After entering the ICO in 2016, the team was expanded to 40-50 people. It should be noted that the success of the ICO exceeded the forecasts with which Gu and Metaverse launched it.

It was expected to collect about 10 million yuan. However, investors happily bought almost 15 million worth of coins. Converted to US dollars, this amount is almost 2 million. Quite a good basis for the development of a blockchain project. In addition, the very fact of such great attention showed that the world is experiencing a shortage of projects of this type. To date, the capitalization of Metaverse ETP is almost $103 million. The daily turnover on the exchanges is about 3-4 million dollars.

Features of Metaverse: pros and cons

First of all, let's look at the three main pillars of the system:

• avatar, or digital ID. Something like your passport in the system. Having received a digital ID, you become the sole full owner of your assets and can make transactions related to them;
• digital assets. Physical or intellectual property valued in Metaverse tokens;
• oracle. An intermediary for determining the price of an asset when converting it into digital form. The oracle can be a bank, an auction, an insurance company, or even a program. The main thing is reputation and registration in the system as an oracle. In addition to valuing assets, oracles confirm the connection between an avatar and an individual and regulate transactions. It is the oracles that form smart property based on the blockchain.

There are several advantages of Metaverse compared to traditional payments.

1. Peer-to-peer system architecture. This type of architecture completely eliminates external pressure.
2. Limited edition. New ETP coins appear on the markets in small quantities. This approach increases the excitement among investors and minimizes inflation.
3. Proof-of-work protection method. The creators of Metaverse used a method that has already proven itself in the world of blockchain, which repels almost any attack. The point is that each block has its own set of parameters. The difficulty increases with new blocks. At the same time, this method loads the hardware to a minimum and makes it possible to mine Metaverse on low-power computers.
4. Open source code. Provides an opportunity for the community to monitor the progress of development, identify vulnerabilities in advance and notify developers about them.
5. Privacy and confidentiality of information. Other participants see only the direction and amount of the payment. Personal information is not disclosed.
6. High code security. ETP cryptocurrency cannot be counterfeited, hacked or copied.

Separately, the factor of transaction processing speed should be noted. Metaverse is not yet as busy as the top crypto coins. Therefore, the transaction speed is an order of magnitude higher.

There were, of course, some downsides.

1. Using Proof-of-work technology requires miners, as in . As complexity increases, more and more power will be required (even taking into account the low hardware requirements at the start of the site). More capacity means more costs. But whether it is possible to recoup costs by mining Metaverse is not yet clear. If the development dynamics of this cryptocurrency are not high enough, Metaverse miners risk going into the red.
2. There is no safety net against the human factor. If a person loses and forgets his key, then the digital assets will be lost.
3. High volatility levels. Like all cryptocurrencies, the Metaverse price can make dizzying leaps up and down during a single trading session.
4. Non-refundable transaction. Another type of human factor plus a systemic flaw. If you specify a non-existent address when making a transfer, the system will create this address and make the transfer to it. But it is impossible to roll back the transfer. The entire blockchain philosophy of the cryptocurrency world is built precisely on the irreversibility of transactions.

Another drawback is not directly related to Metaverse. This is a problem with all cryptocurrencies. We are talking about legal nuances. The authorities of many countries, and China in particular, are still very skeptical about cryptocurrencies, and there is always a chance of a ban.

The difference between ETP and BTC

In general, Metaverse uses similar concepts to Bitcoin and Ethereum. In the same way, there is the possibility of mining and building a blockchain architecture. The main difference is information coverage. If hundreds and thousands of articles have been written about Bitcoin and Ethereum, then finding general information and a technical description of the metaverse cryptocurrency outside of China is a rather difficult task.

It is explainable. The Chinese love to create their own Chinese versions of famous products. So, there is a Chinese Facebook substitute, WeChat, and a Google substitute, the search engine Baidu. So the creators of Metaverse took their native market as a priority and have already won the name “Chinese ether”. But this approach significantly reduces the number of options for possible investors. The western half of the globe simply does not know about Metaverse or does not have enough information to decide to invest their money in the Chinese project.

Metaverse coin price forecast

At the beginning of its history, the metaverse experienced the standard path of cryptocurrencies. Starting at 30 cents, the newborn token jumped to $4-6. Then, when the first rush subsided, a correction took place, and the current rate remains around 2.5-3 US dollars.

In the near future, experts do not predict a large and rapid increase in the ETP rate. This is due to the fact that Gu’s team has not yet fully implemented all the stated capabilities of the platform in practice, as well as strong competition from older currencies and little awareness of Metaverse outside of China.

However, you shouldn’t give up on potential either. As the same experts say, in the event of a sudden collapse of Bitcoin, the metaverse cryptocurrency has every chance of occupying its niche. Bitcoin has almost exhausted its technical strength and needs to modernize its architecture. And the global modernization of codes in the rules that Bitcoin created is almost guaranteed to lead to forks. Bitcoin has already experienced several forks. But investors’ patience is not unlimited, and one day they may get tired of Bitcoin branching into competing, almost identical cryptocurrencies.

But the architecture of the metaverse, although similar to uitcoin and ether, is made with an eye to the future. Gu's team took into account the shortcomings of old currencies and removed them from their creation. So the prospects for Metaverse may be quite positive.

Metaverse Wallets

• allow you to create assets and fully manage them;
• You can create as many wallets as you like, tied to one person, and easily transfer coins between them.

You can download it on the official website.

Where to buy or exchange Metaverse ETP coins

You can buy metaverse coins on exchanges. Despite its little popularity in the West, the coin is already traded in:

• bitfinex;
• prostocoin.

To purchase, you will have to create an account on the exchange, if not already. Typically, exchanges exchange cryptocurrency for cryptocurrency. Therefore, before buying ETP, you should visit BestChange and buy one of the coins available there: Bitcoin, or Ether, for example. And then exchange them for ETP on the exchange.

How to earn ETP

To earn ETP, you can use classic mining.

Mining, to put it simply, is the provision of one’s computing power to service transaction settlements. So your earnings as a Metaverse miner will directly depend on the power of your computer (or computers, if you have the resources to build a farm). In any case, for the highest profits, you should think about creating a pool or joining an existing one. Despite the youth and low popularity of Chinese cryptocoins, there are already several ETP mining pools.

It is also worth looking for so-called Metaverse faucets. Faucets are sites that pay with cryptocurrency for simple tasks or play coins like a lottery. It is impossible to get a lot of income from a faucet. But there is one “but”: ETP coins today cost only $2.5. This is nothing compared to 11 thousand dollars for Bitcoin. But we must not forget that Bitcoin once cost 5-7 dollars. So, having received a couple of dozen measly coins from Metaverse faucets now, in a couple of years you can become the owner of a decent fortune.

To sum it up. Metaverse is still poorly studied, but clearly has the potential to be a top crypto coin. A good and experienced team can very well raise its product to the top of the ratings. So far, the old giants of cryptocurrency exchanges: Bitcoin and Ethereum are preventing us from unlocking our full potential. But if one of the old currencies collapses, Metaverse coins have all the technical capabilities to take their place.

Metaverse (ETP) is a pretty interesting cryptocurrency that has the potential for decent growth in the future. In this article I will tell you everything about the Metaverse cryptocurrency (ETP), its rate and forecast for the future.

Basic information about the Metaverse cryptocurrency (ETP)

• Number of tokens: 100 million ETP
• Official website: mvs.org
• Where to buy: Bitfinex, Bit-Z, HitBTC.

Metaverse (ETP) is a public and fully decentralized blockchain-based cryptocurrency. The main idea behind the development of Metaverse was to create a platform for storing digital assets and conducting digital identification. China is striving to create its own versions of popular platforms, so the creation of ETP is no exception.

Among the main features of Metaverse ETP are:

• Possibility of creating new digital assets;
• Account identification;
• Using oracles;
• Possibility of exchange.

Metaverse cryptocurrency rate (ETP)

Metaverse (ETP) cryptocurrency forecast

The Metaverse platform, like the NEO platform, is trying to replace Ethereum for its part of the continent (China), and it is likely that they will succeed. But which cryptocurrency will take the place of Ethereum - NEO or Metaverse. Personally, it seems to me that it will be NEO, it has many times higher capitalization and powerful support. But if Metaverse wins, the ETP rate may increase tenfold; NEO will not have this if it wins. Therefore, you can invest in ETP, but the risks are too high.

Is it worth investing: There are risks!

Everything written above is only a value judgment, the point of view of the author. The article was not created to offend or defame anyone.

Metaverse is a decentralized open source platform based on blockchain technology. It offers the function of digitizing various types of assets and then determining their value. Data about them is recorded in the blockchain and stored there forever. Items that are available for transfer to virtual space include rare goods (works of art), products of intellectual labor, rights to profit from financial activities, and so on. Thanks to so-called e-credentials, the Metaverse platform links special data stores to establish a degree of value. The global task set for the coin is the creation of a completely new economic paradigm that will meet all the latest trends of the modern world. The service was launched by popular blockchain developer Eric Gu in China. The project has its own internal currency called Entropy (ETP).

Stated Goals

Metaverse is designed to provide users with access to convenient and secure tools that are built on the principles of decentralization. The resource can be used by both individuals and large government or commercial institutions.

The activity of the site is based on 3 pillars: a digitized asset, an electronic ID and a third party (oracle). It is these components that form the basis of the entire service infrastructure and support the functionality of applications that use its protocol.

As stated earlier, Metaverse uses an extensive network of intermediaries. Their role can be played by banks, insurance companies, auctions and other organizations. To assign this status, you just need to register as an Oracle, becoming a link between the cryptocurrency environment and the real world.

In addition, it is worth noting that digital ID holders will be able to easily transact with almost any type of asset. This is a huge advantage, because the importance of the decentralized sphere of the economy is growing every day.

Note! The internal Entropy coin is used to register items and is also paid during the commission process. The total issue is 10 million tokens. If necessary, you can create an unlimited number of addresses and transfer crypto money between them. If necessary, the wallet can be restored without providing information about yourself.

Advantages

The advantages of Metaverse over traditional payment methods are obvious:

1. The system is based on a peer-to-peer architecture, which allows it to effectively resist any attempts at external pressure.
2. Limited issue of digital currency. As a rule, such money is issued in small quantities, which minimizes the risk of inflation and attracts potential investors.
3. Using the proven proof-of-work security method. Thanks to it, the protection of electronic currency can withstand most types of attacks. Each block of the system has its own parameters, which become more complex as new ones are generated. The entire process puts virtually no load on the equipment, making it possible to mine even on low-power computers.
4. Availability of open source code. Anyone can follow the development process, point out existing errors and propose their own concepts.
5. Ensuring complete confidentiality and privacy of transactions. You no longer need to provide personal information during any financial transactions. However, other platform participants can see the direction and amount of the payment. The commission is actually conditional; everyone sets its value at their own discretion.
6. High safety standards. Now you don’t have to worry about your funds, since they are protected in the most reliable way. In addition, thanks to the advanced encryption algorithm, electronic money cannot be counterfeited, hacked or copied.
7. It should also be noted that Metaverse is not yet as heavily loaded as top altcoins, which means that transactions in it are carried out much faster than in similar services.

With all the variety of positive aspects, this digital currency also has certain disadvantages:

1. Perhaps the main negative point is the very method of earning money. Using the proof-of-work algorithm involves mining currency, which, in turn, requires considerable computing power. Consequently, for full-fledged operation it is necessary to purchase very expensive equipment and pay for electricity costs. However, there is no guarantee that such investments will begin to generate profits in the future or will even pay off.
2. Even with this level of security, Metaverse is not 100% immune to various failures and vulnerabilities. In addition, if the owner of the wallet forgets his password, access to cryptographic money will be lost.
3. No guarantees of any kind. When wanting to sell or buy digital currency, the user bears all responsibility himself. Traditional regulatory mechanisms do not work in this area, and therefore it will not be possible to return funds in a situation of unforeseen circumstances.
4. Electronic currency is not backed by GDP parameters or gold reserves, and therefore has unusually high volatility rates. Its rate can either skyrocket overnight or collapse miserably within just 1 day.
5. There is no transaction cancellation function, so if the wallet address is entered incorrectly, coins cannot be returned.
6. Risk of ban. Digital money has not yet received a clear regulatory status in the world. Many countries have limited the list of transactions with them.

Important! It is necessary to clarify that if a payment is made to a non-existent account, the service will still make the transfer (the site will simply create a new address on the network).

At the beginning of autumn of this year, the cost of 1 Metaverse coin did not exceed $0.3. However, immediately after the token was added to several major cryptocurrency exchanges, the price increased sharply to $4.

But you should understand that at the start, almost all digital money shows such dynamics. There will probably be a correction in the future. However, considering the cost of the newly-minted representative of the blockchain world, it is very interesting for mining. Although there are not many pools yet, it is already possible to mine currency.

The Metaverse token price is currently around $3. It is expected that such dynamics of exchange rate changes will continue in the near future. As is known, the stability of funds is one of the main signs of their reliability. Therefore, the absence of serious fluctuations in value can be added to the list of advantages of the coin. Despite the rather weak quotes, the service is not affected by the colossal volatility for which Bitcoin is so famous.

Future of the project

If the site team fully implements its plans, Metaverse will be able to stand on par with the giants of the cryptocurrency world. There are prerequisites for this. The platform has good stability and is equipped with convenient tools. Moreover, there is potential for further growth. The undeniable advantages of the resource suggest that it will indeed succeed in becoming a new economic model in the field of finance.

Even if Bitcoin fails, its cause will be picked up by Metaverse, the creation process of which took into account possible shortcomings and vulnerabilities.

Community Opinion on Metaverse

In general, users are neutral towards this cryptocurrency. Its advantages include stable network operation, good resistance to overloads, a sufficient level of security and prospects for further development. Among the negative aspects are the impossibility of canceling a transaction, the risk of losing investments, and the lack of truly serious projects. In addition, decentralization of the site can hardly be a truly advantageous indicator. However, despite this, the Metaverse cryptocurrency is definitely worth considering.