![]() ![]() But with increasing evolution and adoption, this ecosystem appears to be constrained by limited built-in primitives and requires many developers to learn new coding languages, leaving large amounts of talent still out of the space. More adoption means more transactions competing for the same block, hence jacking up transaction fees in BTC terms.Īs a first-generation, blockchains have established a base programming ecosystem.If the value of the currency rises (with respect to USD), then so do the transaction fees. Transaction fees are typically a function of the currency.In the case of Bitcoin this has given rise to significant transaction fees, clogged mempools and long drawn debates resulting in forks and community splits. Platforms and cryptocurrencies have hit adoption limits because of scalability issues. The Metabase team has identified that first generation blockchains have hit challenges across the following dimensions, constraining real-world adoption: Scalability The team behind Metabase has years of experience in building blockchain communities, platforms and help startups launch compliant ICO’s. The platform offers an innovative consensus protocol, a dynamic proposition for scaling public blockchain protocols, well-designed crypto economic equilibriums, as well as a design focus on usability, which allows the system to be tailored to a broad range of use cases.Ĭollin Thompson, Managing Partner at Intrepid Ventures highlighted that unlike many competitors that focus on having the fastest and most scalable technology, Metabase simultaneously focuses on usability and design, inspired by the philosophies of Wordpress, WIX, Adobe Photoshop, and other powerful but easy-to-use development tools. Metabase’s goal is to create a blockchain platform to build, scale, and monetize next-generation businesses. The company behind Metabase, Intrepid Ventures, is a Hong Kong-based blockchain venture studio building blockchain startups since 2013. Metabase is currently in pre-ICO stage aiming to raise $41m USD for the development of their mainnet. ![]() The Metabase Network will operate based on an open-source protocol maintained by the Company and other contributors. Starting with a systems design perspective, and the premise that there are currently no comprehensive blockchain platforms for developing simple to complex applications on a robust digital infrastructure, Metabase aims to be the first extensible blockchain system for running distributed applications across a variety of use cases. Metabase is a high-performance, scalable blockchain protocol for developing decentralized applications and next-generation businesses. As a research analyst, I originally write analysis like this for accredited investors that can judge for themselves. This will be helpful for everyone who wants to learn more and get an objective view about the Metabase project. The following review, is a detailed summary and analysis about the Metabase project. ![]()
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