Table of Contents

1. Vision of Metaverse and how it works

Metaverse is trying to combine the advantages of Bitcoin, Ethereum and Bitshares while also including the functionalities of Chainlink and Civic.

A proven POW algorithm from Bitcoin (Going to be POS in the future), well designed smart contracts from Ethereum and easy to use asset creation, distribution and sharing from Bitshares.

The project aims to deliver their own smart contract network connected to an oracle intermediary (oracles reliably feed information of the outside world into the blockchain and make it accessible by smart contracts) while simultaneously running an asset sharing platform (Exchange) that can also host ICO’s with an identity confirmation service.

This makes it easier for everyone to host their own ICO’s because they don’t have to undergo an extensive vetting process, the platform does it for them.

And by doing so it becomes extremely promising for countries that have KYC (know your customer) rules (China/USA/Korea/Russia…)

Metaverse plans on doing all of those things as business friendly as possible so that even someone without knowledge in the sector can use them.

So not only sending and recieving becomes possible for a layperson but also creating their own assets and sharing them is made incredibly easy.

That leads to a lower barrier of entry and by doing so adds a new group of users without them having to re educate themselves.

2. Team

The team of metaverse is running under the company ViewFin™.

It has over 75 employees registered on LinkedIn.

The team is composed out of blockchain developers, blockchain architects, backend and frontend developers and a research team.

One of the most important members is the CEO — Eric Gu.

Eric Gu is one of the founders of Neo, formerly known as antshares.

Since it’s inception by ICO it has made record gains and is is one of the most profitable blockchain products in history.

He used to work as senior developer in different companies back in the 2000’s, was hired as a senior project manager at canon and also worked for the Ontario government. After that he went to work at Hue Data Technology co. as a director of business development in the big data department. All of that led him to become a co founder of Fintech and the founder of the Metaverse Foundation. As you can see he has a great CV and has been involved in the technology world for a long time while having ties not only to china but to the western world as well.

He combines the necessary technical skills to oversee the development of Metaverse, has experience in leading and also knows how governments work and think. This makes him the perfect candidate to lead a public blockchain company.

Especially for the asia pacific area because they prefer to work with their own products and don’t like to rely on foreign software.

And Eric Gu isn’t their only powerhouse, here you can see the other leading partners he has:

Source:https://imgur.com/Uap6Jpm Proof of source (scroll down and press on the members): https://web.archive.org/web/20170810071655/http://www.viewfin.com/

3. Reasons for using Libbitcoin as their framework

In this chapter I will try to explain the origins of Metaverse. This is an important chapter for understanding the reasons for choosing a “copy” of another system with its advantages instead of a completely new system. It will be quite simple and understandable for “non techies” and if you want to read more about it, check out the white paper.

Libbitcoin is just the foundation of Metaverse. Lets use an analogy to make it easier to understand.

If you’re building a house somewhere and someone else put an excellent foundation there already there is absolutely no need to do it all over again. In the case of Metaverse that foundation is Libbitcoin, a thoroughly tested platform that works perfectly and has been bug tested many times. And once the foundation stands you can built the house and that is done by combining the advantages of Ethereum and Bitshares. The Ethereum part makes smart contracts easier and Bitshares offers an easy solution to asset creation, trading and ownership. All of these projects are tried and proven to work flawlessly and built a perfect base on which Metaverse can built their project on. This way the team can focus on the KYC and oracle part because everything else is already solid and only needs little work.

So the criticism that the Metaverse team tries to do too much at once isn’t really valid.

Quote from the whitepaper

Advantages of choosing Libbitcoin:

1. Metaverse is not a simple altcoin. The integration of digital assets and digital identity requires code to be highly modular. By studying versions 0.8 and 0.12 of the Bitcoin code, we believe the coupling of Bitcoin Core is relatively high, which is not conducive to the development and maintenance of Metaverse. 2. In terms of code structure, some of the historical problems faced by Bitcoin Core such as C + + templates and macros also plague Metaverse debugging. The class inheritance hierarchy is unclear, which causes problems for reconstruction. 3. Bitcoin Core’s code does not support Unicode.

After comparing Libbitcoin and Bitcoin Core’s code, we found Libbitcoin to be superior in the 3 areas mentioned above, especially in terms of readability and module coupling. Disadvantages of Libbitcoin:

1. Missing important modules such as miner, account and json-rpc;

2. It produces more bugs when trying to establish a network connection for blocksynchronization.

3. As a result of using the boost-asio library, Libbitcoin designed a large number of handlers to achieve the asynchronous effect, causing problems for underlying module tracking and debugging. 4. The amount of code is huge. A lot of extra work must be done to achieve clear module design and to meet mandatory code requirements.

Libbitcoin has been under constant development since 2011 and has stood the test of time as one of the most reliant pieces of technology in the crypto space.

4. Development Documentation and Whitepaper

One important point of success for a blockchain company is a solid documentation of its product. Metaverse does fulfill this criteria perfectly.

They have extensive whitepapers on both their platform and also their digital identity work and explain how and why they’re doing things.

They also offer a far-reaching development guide which makes learning how to program on Metaverse easier for new developers.

This eliminates the need to reverse engineer the platform in order to understand how it works which has been a problem with chinese platforms in the past.

5. Comparsion to other products

As mentioned above Metaverse includes customer identification and oracles.Those are two services that are offered by Ethereum tokens already.

Civic

https://coinmarketcap.com/currencies/civic/

Market cap of: ~$110,000,000

Chainlink

https://coinmarketcap.com/currencies/chainlink/

Market cap of: ~$135,000,000

Metaverse

https://coinmarketcap.com/currencies/metaverse/

Market cap of: ~$80,000,000

If you believe in the team and the product Metaverse is building and trust that they’ll deliver a successful, platform Metaverse should be able to at least reach the market cap of those two products combined.

And in addition to that Metaverse has the benefit that you don’t have to use several services, you can just use the one. Plus it’s based in China which makes them being able to follow KYC-rules all the more important.

6. Why is it so cheap then?

Do you think Neo got hit hardest by the china FUD?



Well I suggest you having a look at Metaverse then.

Back then the only major exchange trading it was BTER, a chinese exchange that stopped their operation due to the chinese regulations.

It was traded at around $5 but quickly crashed as chinese investors cashed out.

There was no western hype around it at all at that point, so no one to snag up the cheap coins.

And then it got added to bitfinex and people noticed that it was a really good product backed by a good team that was and still is grossly undervalued.

That’s where the recent price jump came from and that’s why I think it will go a lot higher.

Metaverse was only traded on one big chinese exchange and managed to trade at $5 without any interest in it by the west.

Now it is traded around $3 with only the west trading.

What will happen to the price once the chinese ban is lifted?

The price will explode.

And even if the chinese can never trade cryptocurrencies again (highly improbable) there is huge interest in the services ETP offers all over the world.

7. Summary — Still a good buy?

Definitely! Metaverse is one of the most promising candidates to be a top 20 cryptocurrency and could easily steal a spot from the top 10 in the future.

That position would lead to a market cap of at least $350,000 in the short term but since most of us believe in a growing crypto market way higher than that in the long term.

And that position can be justified with hard data:

Metaverse takes the best features from Bitcoin, Ethereum and Bitshares and tries to combine them into something better.

-Additionally includes proof of identity and oracles. Those services are offered by tokens on the Ethereum platform and those tokens (Civic and Chainlink) trade higher than Metaverse itself.

-Additionally includes proof of identity and oracles. Those services are offered by tokens on the Ethereum platform and those tokens (Civic and Chainlink) trade higher than Metaverse itself. The CEO has been a member of the community for a long time and is able to not only lead the company in the business department but also on the technical side

Metaverse has a huge and very active team

They are very active on github with new commits almost daily

In the future it will support POS ( Proof of stakes ) which enables better energy management but on top of that the opportunity to stake your coins for interest (up to 20% for one year) which is an important criteria for a successful blockchain nowadays.

If the project reaches a place in the top 10 (currently monero with a market cap of 1,350,000,000) that would mean possible return of over 18 times your investment (at current value of $74,000,000)

And even if you’re conservative with a spot in the top 20 (currently Hshare with a market cap of $340,000,000) that would lead to an increase of more than 4 times your inital investment.

If you think cryptocurrencies will go up in general this will increase several times over.

8. Conclusion

I think metaverse is a great product and hugely undervalued, it has the team, the resources and the drive to challenge the top cryptocurrencies and the passion to do so.

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10. DISCLAIMER

The article references an opinion and is for information purposes only.

It is not intended to be investment advice. Seek a duly licensed professional for investment advice.