Metaverse ETP

The live Metaverse ETP price today is $0,173009 USD with a 24-hour trading volume of $69 482,47 USD. We update our ETP to USD price in real-time. Metaverse ETP is down ,77% in the last 24 hours. The current CoinMarketCap ranking is #923, with a live market cap of $13 792 026 USD. It has a circulating supply of 79 718 594 ETP coins and a max. supply of 100 000 000 ETP coins.

If you would like to know where to buy Metaverse ETP, the top cryptocurrency exchanges for trading in Metaverse ETP stock are currently HitBTC, MEXC, and Bitfinex. You can find others listed on our crypto exchanges page.

Metaverse bills itself as a public open-sourced blockchain project that seeks to provide a foundational infrastructure for social and enterprise needs. Its goal is to construct a universe where digital assets (Metaverse Smart Token and Metaverse Identifiable Token) and digital identities (Avatar) underpin asset transactions with the help of a value intermediary (Oracle).

Metaverse is a blockchain project that provides fundamental infrastructure for social and corporate needs.

Our goal is to create a universe where digital assets (Metaverse Smart Token or MST) and digital identities (Avatar) create the basis for asset transactions through a value intermediary (Oracle), thereby creating a new blockchain ecosystem that will transform human society and enable us to enter the New Reality.

Unlike other blockchain projects that use technology as a starting point, Metaverse started from the point of view of enterprise value creation, with relationships between people, people and assets as the main foundation of our project. We describe these relationships with BISC (Embedded Smart Contract), which can reduce the technical risks of commercial applications during development and use.

Through BISC, Metaverse provides functionality for digital assets (MST), digital identities (Avatar), Oracles, and MST exchange. Through the use of MST, users get the benefits of blockchain technology, such as the ability to generate and distribute their own cryptocurrency. A digital identity avatar reflects relationships between people, people and assets, and this avatar can be associated with MST. Using avatars, anyone can become a valuable oracle intermediary, and oracles can help build an immutable decentralized system (reputation). MST can solve fundamental liquidity problems in asset trading, thereby solving a critical problem in any financial system.

MST and Avatar are used in blockchain technology, which is essentially integrated with IT systems. This process can be described as BaaS (Blockchain as a Service). BaaS is a fast and convenient way to build blockchain applications.

The development of blockchain technology and its concepts follows the deconstruction and reconstruction of the Bitcoin system.

Namecoin and Peercoin have made significant contributions to the transition from cryptocurrencies to the broader concept of blockchain, while Bitshares and Ethereum have contributed to our understanding of blockchain.

Blockchain technology comes from the Bitcoin system. The Bitcoin system is a very modern innovation created by an enigmatic figure named Satoshi Nakamoto, who defined Bitcoin as a “peer-to-peer electronic money system.” The Bitcoin system seamlessly integrates workflow verification mechanisms, token rewards, cryptography, peer-to-peer networks, and UTXO technologies. This system has been working safely for almost ten years.

Bitcoin also introduced a new type of currency, the cryptocurrency, and in recent years, cryptocurrency has become the most common type of application in the blockchain industry. At the same time, the advent of cryptocurrency has encouraged people to explore more forms of blockchain applications such as Coloredcoin and Namecoin. Technical advances followed, such as smart contracts, with the development of blockchain technology through these innovative projects.

Namecoin is the first app built around Bitcoin. It was designed and implemented to add the concept of a "decentralized domain name" to the original Bitcoin electronic money system (it can be considered the forerunner of digital identities). Namecoin also introduced merged mining, allowing both Namecoin and bitcoin to be mined at the same time to guarantee the security of the network of nodes.

Peercoin introduced the Proof of Stake (PoS) consensus mechanism. If all blockchains were required to implement a Proof-of-Work (PoW) consensus mechanism that requires intensive resource consumption due to the deployment of expensive mining hardware, blockchain technology would be years behind its current state of development. After the PoS consensus mechanism was proposed, the innovation of various consensus algorithms has become a constant topic of discussion in the industry.

Bitshares has extended PoS by implementing the DPoS (Delegated Proof of Stake) mechanism, which provides block confirmation in seconds. DPoS is not just a technical consensus algorithm as it also provides a community governance mechanism. Bitshares is also a decentralized exchange platform where new concepts are constantly being put forward, such as a digital identity project called Keyhotee. By defining multiple types of transactions, Bitshares makes it easy to register assets and identities, further facilitating the proliferation of digital assets and other

features.

Ethereum's most important contribution to the blockchain space is the smart contract, a comprehensive tool that describes business logic. The smart contract and its features such as the virtual machine (EVM) greatly reduce the barriers for humans to develop blockchain applications. Apart from smart contracts, Ethereum also has a more efficient P2P network protocol such as the KAD algorithm, Uncle Block which reduces the risk of mining pool centralization, the Casper consensus mechanism, and the ERC20 token standard. All these features have greatly contributed to the development of the blockchain industry.

Blockchain development is being monitored. For example, in the 1990s, the creation of artificial intelligence may have seemed out of reach and out of reach. However, with the emergence in recent years of the popularity of Internet applications and the development of algorithms and microcircuits, artificial intelligence has become known to the whole world. Similarly, one can trace the development of blockchain technology. If we want to enter the DAO (Decentralized Autonomous Organization), many conditions must be met. We summarize these conditions in the following figure:

Bitcoin operates in the Cryptocurrencies and Digital Verifications phases, Bitshares in the Decentralized Asset Exchanges sector, and Ethereum in the Smart Contracts phase. For Metaverse, the bridge between blockchain and real world applications is in the circled area. Metaverse aims to create an ecosystem that focuses on these elements.

The term "Metaverse" first appeared in Neil Stevenson's 1992 science fiction novel Snow Crash. In the world depicted in the novel, people control their own Avatars, and these Avatars in turn communicate with each other and with electronic agents in a virtual reality world. The name "Metaverse" was inspired by the world created in Neal Stevenson's novel.

The world we live in today is similar to the one described in Snow Crash. Our work and life are increasingly dependent on the Internet as people spend more time online than offline. The way people communicate with each other has also changed, most of the communication takes place over the Internet. In the near future, we foresee the transition from the Internet of information to the Internet of values. More and more transfers of digital assets will take place on the blockchain through avatars (digital identifiers) and oracles (value intermediaries). This paradigm of digital values ​​will form a new economic model.

Metaverse is different from other blockchain projects that use technology as entry points as Metaverse focuses on creating value for enterprises. We summarize the relationship between people and people, and the relationship between people and assets. Based on this information, we can create a model from scratch that is easy to use. We call it BISC (embedded smart contract) and BISC can reduce the technical risks of enterprise applications during development and use. The figure below shows this relationship, with other smart contract blockchain projects on the left and the Metaverse system on the right.

Through BISC, Metaverse provides MST digital assets, Avatars, Oracles digital identities, and asset exchange features. MST allows users to enjoy the benefits of peer-to-peer transactions with assets implemented using blockchain technology, while MST allows people to distribute their own “bitcoins”. Avatars represent relationships between people and assets and can be associated with MST. With Avatars, anyone can become an Oracle, and Oracle can help people build an immutable, decentralized reputation system. An asset swap can meet the fundamental liquidity needs of MST.

The core developers of Metaverse and its community will build BISC together. Users do not need to pay special attention to technical details in order to use BISC comfortably. BISC is not limited to creating decentralized applications, as it can be integrated into traditional IT solutions, described in the picture above as BaaS (Blockchain as a Service).

BISC through BaaS creates value for enterprise applications on the blockchain.

The new world described above is hard to imagine and will fundamentally change the way we live, work and learn. We call this change the New Reality.

ETP (entropy) is the token of the Metaverse, abbreviated as ETP. This name comes from the second law of thermodynamics, which describes the degree of chaos in the microscopic particles of a system.

The total amount of ETP (entropy) in circulation is 100,000,000 and the smallest denomination of ETP is 10^-8. ETP is transferable and tradable on Metaverse and will be an important consideration when choosing accountants after Metaverse transitions to a PoS consensus protocol. ETP security is guaranteed by the Elliptic Curve Digital Signature Algorithm (ECDSA).

ETP is not a new form of cryptocurrency. It represents the utility of the Metaverse blockchain.

Hence, the ETP price is not pegged to any fiat currency or cryptocurrency like bitcoin. The price of ETP depends on the development of the Metaverse ecosystem and market demand.

ETP can be used to measure the value of digital assets (MST) or as collateral for financial transactions.

Additional fees apply to Metaverse and must be paid in ETP. These fees are not paid to the Metaverse Foundation because Metaverse is a non-profit project. These fees are paid to the developers responsible for maintaining the blockchain and miners. Examples of transaction fees include: creating digital assets, registering a new Avatar, designating yourself as an oracle, or inviting trusted organizations to verify assets and identity in Metaverse.