Technology
Unified Ledger & Parachain Structure
MetaMUI introduces the concept of a unified ledger. It dynamically generates specialty blockchains intended for specific applications and interconnects them through utilizing the identity blockchain as a relay chain. The identity blockchain serves as the link connecting various specialized blockchains, forming a parachain network in parallel.
This structure provides a solution for data scalability concerns. The segregated nature of separate ledgers facilitates the removal of specific ledger data when it’s no longer required, enhancing flexibility and data management.
Moreover, the implementation of separate blockchains or ledgers in MetaMUI enables the customization of consensus protocols for each parachain. This tailored approach to consensus mechanisms for individual Parachains enhances adaptability and optimization based on the distinct requirements of each application or use case within the MetaMUI ecosystem.
MetaMUI’s Unified ledger and parachain structure balances decentralization and efficiency and is tailored for mobile and edge computing environments.
Identity Relay Chain
Identity blockchain connects specialized blockchains.
Parallel Parachains
Interconnected specialized blockchains form a network.
Distinct Ledgers
Create and manage separate ledgers within the system.
Segregated Data
Ledgers are isolated, enabling removal of unneeded data, improving adaptability and data handling.
Customizable Consensus
Tailor consensus protocols for each individual parachain.
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Identity Blockchain & DPKI
Unique DID
Ledger record transactions in terms of user’s identifier.
Native Tokens
Built-in utility token fuels the unified ledger.
Verifiable Credentials
Cryptographically signed certificate issuance and verification on DPKI.
Dynamic Currency Issuance
Publishing, minting, and slashing digital currencies on the fly.
Cross-border Payments
Peer-to-peer cross-border payment, currency exchange and settlement..
MetaMUI has developed a Chained Cash protocol to facilitate non-mediated, peer-to-peer instantaneous payments. The nodes operating on the MetaMUI blockchain are called Bank Nodes and play a crucial role in issuing Chained Cash, a form of digital currency within MetaMUI. The Chained Code protocol operates within a hybrid architecture that supports peer-to-peer retail transactions as well as decentralized settlements for larger volume transactions, seamlessly integrating different payment scenarios.
Users have the option to select their Bank Node provider to issue Chained Cash, similar to setting up a debit or credit card. When payments are made with Chained Cash, merchants deposit it at their chosen Bank Node, which then handles the necessary settlements with other banks to complete the transaction.
Thanks to its parallel processing capabilities, the Chained Cash system offers unlimited scalability, accommodating limitless growth without sacrificing performance. This protocol allows for swift, direct payments both online and offline, eliminating the need for currency conversion and allowing for the use of a single form of cash across different platforms.
Furthermore, it incorporates a Payment versus Payment (PvP) mechanism, enabling the exchange and conversion of various types of Chained Cash through inter-bank settlement—enhancing the flexibility of digital currencies within the MetaMUI ecosystem.
Chained Cash
MetaMUI has developed a Chained Cash protocol to facilitate non-mediated, peer-to-peer instantaneous payments. The nodes operating on the MetaMUI blockchain are called Bank Nodes and play a crucial role in issuing Chained Cash, a form of digital currency within MetaMUI. The Chained Code protocol operates within a hybrid architecture that supports peer-to-peer retail transactions as well as decentralized settlements for larger volume transactions, seamlessly integrating different payment scenarios.
Users have the option to select their Bank Node provider to issue Chained Cash, similar to setting up a debit or credit card. When payments are made with Chained Cash, merchants deposit it at their chosen Bank Node, which then handles the necessary settlements with other banks to complete the transaction.
Thanks to its parallel processing capabilities, the Chained Cash system offers unlimited scalability, accommodating limitless growth without sacrificing performance. This protocol allows for swift, direct payments both online and offline, eliminating the need for currency conversion and allowing for the use of a single form of cash across different platforms.
Furthermore, it incorporates a Payment versus Payment (PvP) mechanism, enabling the exchange and conversion of various types of Chained Cash through inter-bank settlement—enhancing the flexibility of digital currencies within the MetaMUI ecosystem.
Instant online & offline payments
swift, non-mediated, peer to peer payments through chained cash protocol
Unlimited Scalability
Parallel processing ensures limitless system growth.
Hybrid Architecture
Peer-to-peer retail transactions and decentralized settlement among bank nodes.
Currency Conversion (PvP)
Multiple types of Chained Cash can be exchanged and converted via inter-bank settlement.
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