Dear ATOMARS Community,
We are pleased to announce the listing of the METAVERSE (ETP) on Atomars exchange. Metaverse (ETP) deposits are effective starting from October 8, 2019 and the following trading pairs will be available: ETP/BTC and ETP/ETH.
METAVERSE PROJECT SUMMARY
Metaverse is a public and open-source decentralized blockchain-based platform that seeks to transform the traditional transaction ecosystem through the introduction of a web of Smart Properties and establishing an open ecosystem where digital values can be freely circulated. Metaverse is referred to as the Ethereum alternative from China.
Currently, personal information stored on centralized databases can be easily hacked or manipulated. In addition, free online services are always requesting for user’s privacy data to be used by advertisers.
Metaverse was created to solve issues like these by using digital identities called avatars, with special avatar types called Oracles being used as intermediaries in authenticating digital identities by verifying certain events or facts.
Metaverse will let you verify personal identification data with the help of intermediaries (Oracles) who will write attestations to the blockchain. With Avatar attestation, other users can be more confident that users are real and trustworthy without having to reveal private data or have it stored on the blockchain or central database.
METAVERSE (ETP) FEATURES
1. Metaverse Smart Tokens/Digital Assets (MST)
Metaverse works with smart contracts. What this means is that it tokenizes them by using their native token (MST), short for Metaverse Smart Token. This token is a virtual asset represented on the Metaverse blockchain network. The website defines the token as digital assets on the blockchain that are trust-free, traceable and immutable decentralized smart properties that can be freely registered, transferred, issued, deposited, used as collateral, and burnt.”
2. Metaverse Avatars
Digital identity is an important aspect of the Metaverse ETP. These digital identities are self-sovereign ledgers that control the digital assets on the Metaverse blockchain. The digital identity of an individual includes creating an avatar that carries a unique index number secured with private encryption. Thus, these identities are able to control the way digital assets work and how they interact with other digital identities.
Therefore, these identities get to control how the digital assets work and interact with the other digital identities while, in the process, creating digital credit.
3. Metaverse Oracles
Oracles are basically reliable intermediaries who verify or validate all the information and transactions that go through the blockchain. The Metaverse oracles or intermediaries are therefore responsible for certifying the legitimacy of any information or transaction.
Avatars are usually connected to oracles and their credibility depends on their previous track records; i.e how many transactions have been validated before and how legitimate they have been.
Multiple oracle types exist on the Metaverse blockchain, and these include: host oracles which are a store and issuer of assets, authentication oracles which help in verifying information and supervision oracles that validate transaction reliability.
4. Facilitating On-chain Transactions
Metaverse allows users to exchange value freely and easily. Users retain control over their assets - how they are used or processed within the network, thereby preventing theft of assets.