Metaverse is a public blockchain that has been initiated in China as an alternative to the Ethereum and NEO cryptocurrencies. The basic aim of the Metaverse ETP is to provide a secure and decentralized smart contract ecosystem that allows free circulation of digital values. The idea is to involve and encourage individuals, institutions, government agencies, organizations etc. transact with one another. Metaverse ETP does not have any fixed procedure and intends to be as flexible as possible. The progress is built on two principal algorithms of Proof of Work(PoW) and the Proof of Stake.
Metaverse ETP is not a type of digital currency but is an equity of Metaverse. Metaverse uses a token called Entropy (ETP) like the ether that is sold in Ethereum. ETP can be used in several ways such as to measure the value of smart properties in Metaverse, as a collateral in financial dealings, to pay for licenses and fees that are applicable in Metaverse.
Metaverse ETP evolves around three main divisions of
A total of 100 million ETP are being issued through Initial Coin Offerings(ICO) and PoW mining. About 30 million ETP were distributed during the first ICO, another 15to 30 million in another ICO and the balance through the Proof of Work mining process.
Users can lock up portions of the ETP in a deposit and earn interest that is calculated taking some factors into consideration like the current supply of ETP in circulation. The average block time is around 24 seconds which roughly means that if a user deposits 100ETP, they are likely to get 100.10 ETP after 7 days on maturity. The Coinlock mechanism system is unique as it tries to resolve the issues of loss due to accidents or destruction and control deflation. Metaverse has the potential to grasp a significant position in the blockchain industry.
Born in 2008, with the bitcoin being the first open-source and widely popular cryptocurrency, the fad associated with them seems to have died down. Th
Dash is a new breed of cryptocurrency, which is a promising alternative coin (also called altcoin) to Bitcoin. In this article, we’ll deal with a br
Mark Cuban June-05-2018
On 29th April 2018, UNICEF Australia proclaimed an initiative which allows a user to hand over his o
There was a time when 10,000 BTC coins would buy 2 pizzas. This was around 8 years back. Now, one
In its past reports, CCN made a note that the 8,200 USD resistance level seems to be a crucial st
Tony Scott May-16-2018
In a meeting with CNBC this Monday, i.e. 14th May, a top-rated policymaker of the US spoke in sup
Jeremy Liew May-08-2018
Sergey Brin, the co-founder of Google says Ethereum mining has assumed an important part in the curr
Tony Scott May-07-2018
The Bitcoin blockchain left its mark in April with the 17 millionth Bitcoin being mined. In case you
Tony Scott May-05-2018
Bitcoin and Ethereum are two world-renowned cryptocurrencies that have led the crypto market and sur
Jeremy Liew May-04-2018
Today, digital currencies are doing kind of things that investors and Wall Street have never seen be
After long, the world’s most popular cryptocurrency, Bitcoin seems to come back. The &lsquo