What Is Mvs? (ETP) Complete Guide Review About Mvs.

What Is Mvs? (ETP) Complete Guide Review About Mvs.

What Is Mvs?

Mvs was inspired by Neal Stephenson’s 1992 science fiction novel “Snow Crash”. Metaverse was created to represent a similar virtual reality where humans control and interact using their own Avatars. Established in 2017, front-running decentralized, open-source platform for digital asset architects. Most digital assets on They are created using the Smart Token (MST) or the Identifiable Token (MIT) for non-fungible tokens (NFTs). Metaverse is also known for its intuitive Digital Identity (Avatar) system and its secure ledger system supported by a hybrid consensus algorithm of PoW and PoS.

In 2020, they decided to revise the growth strategy to upgrade and expand its technologies to a wider community by building Metaverse on Substrate. This development will feature higher scalability, faster TPS, enhanced tools to build decentralized applications and allow other independent ledgers to connect, exchange information, and complete transactions.

Metaverse bills itself as a public open-sourced blockchain project that seeks to provide a foundational infrastructure for social and enterprise needs. Its goal is to construct a universe where digital assets (Metaverse Smart Token and Metaverse Identifiable Token) and digital identities (Avatar) underpin asset transactions with the help of a value intermediary (Oracle).

Mvs Storage Key Points

Coin BasicInformation
Coin NameMvs
Short NameEtP
Circulating Supply78,847,316.24 ETP
Total Supply80,847,934
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

How To Get Start?

Mvs Coin In order to navigate the Metaverse, you will first create need your own digital identity or Avatar. Once you have your Avatar you are able to interact with different features and applications within this decentralized universe. If you are not a navigator but an architect, please visit the developer docs to get started. Or if you are a miner or a node operator, please start here.

Create Your Own Avatar

Avatars are self-sovereign identity ledgers on the Metaverse platform. Digital credit is created through interactions with assets and other identities. Avatars can be created through the Web Wallet, Light Wallet or Browser Extension Wallet.

Entropy (ETP)

Mvs Entropy (ETP) is the native token of the Metaverse platform. This name is inspired by the second law of thermodynamics, which describes the chaos in a system’s microscopic particles. The circulating supply will be capped to 100 million ETP and the smallest denomination is 10-8. ETP is a foundational element.

Blockchain ecosystem as it incentivizes miners and stakers to secure the Blockchain. ETP’s security is guaranteed by Elliptic Curve Digital Signature Algorithms (ECDSA). On Metaverse Hyperspace, ETP is used to pay for transaction fees and ensure the proper execution of smart contracts. Similar to the current blockchain, ETP can be used to pay for the creation of digital assets and digital identities on Hyperspace.

Feature

Interoperability

Allowing anyone to build smart contracts and deploy them to the Metaverse chain, using tools like MetaMask, Remix, and Truffle. Smart contracts will be compatible through the provided support for Solidity as well as for anything that compiles to EVM bytecode.

Security

Mvs Coin Proof of Work (POW) to dictate block authoring and Grandpa finality. There is no voting or validating committee through Proof of Stake (POS) as the entire network will validate each block. Thus, the system will not only be able to mitigate 51 % attack, but also provide a uniform distribution of mining reward to the stakeholders and investors.

Multisig

Create multisignature addresses to send and receive ETP and MST. Easy access to enterprise grade technology.

Certificate

Let your avatar register certificates for MST symbols and domains.

Identifiable Token

Create your own MIT as a single entity record on the Metaverse Blockchain. You can freely exchange it with other avatars.

Multi Language

The Mvs wallet supports various languages. They are always happy about new translation. Please contact us if you want to support.

Wallet

The Metaverse Blockchain lightwallet. Use the Metaverse infrastructure to easily create a digital identity (Avatar) and register your own tokens on the Blockchain.

Digital Identity

Mvs Coin Self-sovereign identity ledgers on the Metaverse blockchain via the KILT protocol. Ability to securely manage personal data and credentials, which can be anonymously shared to third parties. Decentralized and independent digital identities in Web 3.0 initiative.

Scability

Metaverse utilizes the Substrate modular framework for higher scalability, long term expansion and support to connect decentralized applications, services and allow other independent blockchains to connect, exchange information and transactions at a lower cost.

Token

Mvs digital assets or MSTs on the virtual platform are trust-free, traceable and decentralized smart properties that can be freely registered, transferred, issued, deposited, used as collateral or burnt. MIT are a set of token standards that involve the transfer, ownership, and information about a non-fungible item like artwork or baseball cards. They allow anyone to register assets from off-chain and are globally unique with an identifiable ID.

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