The preference of the blockchain technology in recent years is not unconnected to the impressive features that the technology has to offer. A technology cum decentralized network that can reduce transaction costs, improve on speed, and see to the devolution of powers is worthy of being held in high regards.
So, when Satoshi Nakamoto, the famed founder of Bitcoin (BTC) and in extension, the person that triggered the spark of cryptocurrencies launched Bitcoin in 2008, many financial experts began to see the other side of the global finance. For the first time in many decades, people can truly walk about cashless and only having their funds in a digital wallet where no one else but the owners can access the funds.
THE MILESTONE
Soon after the Bitcoin (BTC) cryptocurrency was launched and started gaining traction, the focus turned to the possible ways of enjoying the decentralized system of payments brought about by Bitcoin (BTC). That was how the Bitcoin (BTC) blockchain network was launched, followed by Ethereum (ETH), Stellar (XLM), Tron (TRON), and many others.
Indeed, the rise of the blockchain network remains one of the wonders of the 21st century and will continue to be held in high esteem for many years to come.
CAN I REALLY USE THE BLOCKCHAIN NETWORK ?
It is one thing to have a platform that promises to address challenges and pain points. It is another Athing to have it addressing those challenges.
Without mincing words, the blockchain technology has been firing from all cylinders when it comes to resolving certain issues. From scalability to intermediary-free transactions, we must not fail to give it up for the technology.
On the other side of the coin, the blockchain technology hasn’t been living up to expectations in some situations. The security lapses and the overt lags in transactions are some of the problems with the conventional blockchain technology.
It is high time those issues are addressed, and addressed to stop them from springing up later. The Metaverse Dualchain seems to have ready solutions, which when applied, can be used to fix some of the problems that are reducing the functionalities of the current blockchain networks.
THE METAVERSE DUALCHAIN SOLUTION
The Metaverse Dualchain definitely has some features and properties that are designed to help it actualize the aim of creating the next-generation scalable blockchain. That would be the kind of blockchain network that would be adopted for many fiat use cases and enterprise uses as well.
By creating such a medium, it becomes easier for the Metaverse Dualchain to gain more traction because its use cases that abound will be attracting more persons to use the platform.
THE DUALCHAIN NETWORK ARCHITECTURE (DNA)
The Dualchain Network Architecture (DNA) is one of the most formidable structures used by the Metaverse Dualchain blockchain to resolve many issues that are found wanting in the conventional blockchain settings. As the features are designed, they will greatly fix those bugs that threaten security of blockchain networks, increase scalability, and bolster interoperability of blockchain networks.
Now, it is pertinent to point out that the aim of using the Dualchain Network Architecture is primarily to delegate two chain networks to function at the same time. The concept takes root in the fact that the failure of one chain network doesn’t necessarily affect the other because the latter can pick up from where the other stopped.
Aside from that, the Dualchain Network Architecture (DNA) WHEN analyzed from the traditional DNA angle can be said to focus on finding out the issues that are prevalent in blockchain networks. Therefore, it may not be an arduous task to fish out the problems as mentioned above with the view of finding feasible and lasting solutions to them.
Worthy of mention is that the structure of the Dualchain Network Architecture is one that combines many features. On the one hand, it has the censorship resistance that helps curb piracy. On the other hand, it has decentralization and programmability that are designed to cut off intermediaries and to make the network faster.
• The Core DNA Structure
The relevance of the Metaverse Dualchain in the current blockchain technology may not be overlooked because of the DNA structure. Aside from the properties mentioned above, the Dualchain Network Architecture (DNA) is also designed to make the network faster than what you may have had in many blockchain-based platforms.
In addition, the architecture operates a dual architecture format, which combines both the Proof-of-Work (PoW) and the Proof-of-Stake (PoS) consensus algorithms.
On the one hand, the PoW consensus algorithm is responsible for the track record in security and that is why the Metaverse Dualchain blockchain network is relying on it to bolster the security of its network.
Also, in consideration of the fact that the PoW consensus algorithm has lapses, including remaining prone to some attacks and the wastage of energy, the Metaverse Dualchain blockchain opted to bring in another consensus algorithm to work alongside PoW.
On the other hand, we have the Proof-of-Stake (PoS) consensus algorithm that is responsible for scalability.
It is by combining the duo of the PoW and the PoS consensus algorithms that the Metaverse Dualchain blockchain network will be looking at forming dual chain networks that can combat many issues in the current blockchain industry. It is also by using the two that it can be able to have more uptime in the event that one fails and the other continues to work.
Therefore, the users of the Metaverse Dualchain blockchain network are in for many pleasant opportunities because the Metaverse Dualchain is out on a mission to help blockchain users get the best out of the network.
DNA TOKEN
ROAD MAP
WHAT DOES THE FUTURE LOOK LIKE?
The future of the blockchain technology only continues to get better. With platforms like the Metaverse Dualchain blockchain network working round the clock to ensure that the blockchain industry continues to wax stronger by the day, there is no end to what you can achieve when you are a blockchain user.
USEFUL LINKS
Website: http://mvsdna.com/
Whitepaper: https://mvsdna.com/MVS%20Dualchain%20White%20Paper.pdf
Telegram: https://t.me/mvsdna
Twitter: https://twitter.com/mvsdna
Facebook: https://www.facebook.com/MVSDNA
AUTHORS DETAILS
Bitcointalk username- Uju4real
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2202971