Metabase- A scalable blockchain protocol.

Metabase, a scalable blockchain platform and new cryptocurrency to help solve some of the world’s biggest challenges, by accessing the untapped ingenuity of innovators around the world, the Metabase blockchain is linear in nature. As adoption of the Metabase blockchain increases, the transactional load of the chain increases.

Metabase blockchain will split itself automatically if transaction capacity is heavily used. To start with, the blockchain would follow a PoW based consensus mechanism - similar to Bitcoin - where repetitive hashing is required to meet a difficulty target. Difficulty retargeting would be done based on averages of block generation times across all chains. The entire block reward would be alloted to the PoW mechanism

Metabase will address scalability issues by introducing concepts of Split Chains, Priority Pools and Ray Networks. By utilizing these mechanisms, the mining operation is parallelized, transaction capacity per block is increased and instant transfers become possible.

With Metabase, our vision is to build a blockchain platform to build, scale, and monetize next-generation businesses.

On top of on-chain scaling mechanisms, Metabase will introduce a native, off-chain scaling solution to enable instant transfers between peers.

Essential parameters (Axioms) of Metabase blockchain are as follows:

Block Generation time ~ 60 Seconds

Number of priority pools - 10 Pools (can be altered by Governance)

Max Transaction handled by a block - 1024 (for 10 Pools)

Type of Consensus - DPoS and PoW integrated

DPoS Punishment ratio - 50%

Reward Split between DPoS and PoW - 1:1

Features

Scalability

A scalable and extensible blockchain platform that helps you build decentralized applications with high throughput demands

Security

A secure and robust blockchain platform that reduces the security burden on programmers and helps you leverage security libraries to build reliable applications.

Usability

An easy to use and customizable blockchain platform that empowers developers with customisable platform-level libraries and intuitive developer tools, and monetisation capabilities through OpCodes

Governance

A comprehensive governance mechanism built into the protocol fostering a commonwealth network that can adapt with evolving business, social, and technical needs.

Virtual Machine

Metabase will feature an upgraded Ethereum style virtual machine. This virtual machine will feature an augmented OpCode space which will unleash a more vibrant ecosystem of programming on the blockchain.

Additionally, we will incorporate identity constructs into the Metabase virtual machine - making identity a first-class citizen on the blockchain

Tools

Metabase core implementation will consist of Metabase Virtual Machine (MVM), the Metabase client (P2P, Consensus), Metabase Compiler and finally the interfaces that enable interactions with Metabase

Metabase will provide the following applications and development frameworks for its users:

Metabase Mobile Light Client

Metabase will launch with a Light Client for mobile platforms, a type of blockchain client that does not need to download the entire blockchain to work. This way Metabase users will start using official mobile wallets right away instead of relying on third-party software

Metabase Browser Extension

Metabase will be launched on modern browser platforms via a browser extension similar to Metamask. Metabase browser extension will enable users to interact with the next generation of products and services safely and securely right from their browser without downloading the entire blockchain.

Metabase Developer SDK and Integrated Development Environment

Besides the official mobile and browser applications, Metabase will provide and maintain an SDK and an IDE for developers. Our intention for the Metabase platform is to create easy to use mobile and browser applications for end users and support developers with robust tools and frameworks, enabling them to create the next generation of blockchain applications.

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