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Metaverse

Metaverse

ETP
$0.005270Up 0.00 percent($0.00)

Key Stats

Market Cap$458.07KUp 0.00 percent
Fully Diluted Value$527.01K
Total Supply86.92M ETP
Max Supply100.00M ETP
Circulating Supply86.92M ETP
Launch Date2017-02-11
Block Number11,955,557

Metaverse Information

Websites
mvs.orgWhitepaper
Block Explorers
explorer.mvs.org
Hashing Algorithms
Ethash
Industries
Platform

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About Metaverse

Metaverse (ETP) is an open-source, decentralized platform built on the Substrate framework, focusing on digital assets and identities. It employs a Proof of Work mechanism for block authoring, prioritizing security and equitable mining reward distribution. The platform supports smart contract creation, digital asset management, and self-sovereign identity ledgers, enhancing decentralized financial transactions and personal data security. Metaverse Smart Tokens (MSTs) and Metaverse Identifiable Tokens (MITs) cater to a range of uses, from collateral to non-fungible items. ETP tokens are used within the ecosystem for valuing smart properties and as financial collateral.

Frequently Asked Questions

Entropy (ETP) is Metaverse's Token. This name is inspired by the second law of thermodynamics, which describes the chaos in a system's microscopic particles. Metaverse (ETP) is an open-source, decentralized, and interoperable platform designed for programmable digital assets and digital identities. It is built on the Substrate framework, which is known for its scalability and capability to connect decentralized applications, services, and other independent blockchains. Metaverse utilizes a Proof of Work (PoW) mechanism for block authoring and Grandpa finality, avoiding a voting or validating committee as in Proof of Stake (PoS) systems. This mechanism aims to mitigate potential attacks and ensure a uniform distribution of mining rewards​​​​​​.

Metaverse (ETP) allows for the creation and deployment of smart contracts using tools like MetaMask, Remix, and Truffle, supporting Solidity and EVM bytecode. It facilitates the management of digital assets or MSTs (Metaverse Smart Tokens), which are decentralized and traceable smart properties that can be registered, transferred, and used in various ways, including as collateral. The platform also supports self-sovereign identity ledgers via the KILT protocol, enabling secure personal data management. Additionally, it introduces MITs (Metaverse Identifiable Tokens), a set of standards for non-fungible items like artwork, ensuring their uniqueness and identifiable ownership. The ETP token itself is used to measure the value of smart properties on Metaverse or as collateral in financial transactions​​​​​​​​​​.