What is Metadium?
Metadium is a next-generation identity protocol layer built on a public identity blockchain with “trustless trust.” The goal of Metadium is to create a free world via self-sovereign identity, which allows individuals to have sole ownership of their online and offline identities and control the sharing and distribution of personal data without an intermediary. This is achieved through the use of blockchain technology, which provides individuals with ownership of their data.
The META token is the native token used on the Metadium platform. The platform is based on the concept of self-sovereign identity (SSI), which is implemented through blockchain technology. SSI allows individuals to have control over their data, without the need for an intermediary.
Identity is divided into two categories in Metadium: a mundane identity and a virtual identity. The mundane identity shows how external identities define a subject with definite, objective, and material-based data in the physical world. The virtual identity possesses an individual’s online presence and activities, where individuals can build their preferences, habits, and characteristics in the virtual world. The mundane identity and virtual identity are not mutually exclusive, and a link is established between the two to create a complete identity for individuals.
The Meta ID is used as a next-generation solution, connecting an individual’s mundane identity and virtual identity. It contains internal features of a subject and a KYC-compliant identity based on a reputation system. This allows individuals to manage, protect, and use their identity wherever, whenever, and however they wish.
Metadium is powered by blockchain using “trustless trust.” This means that no central authority can control the process, and it offers a virtuous identity ecosystem that uses a protocol called baseline, to provide a distributed trustworthy identity online without the need of a central authority. The platform also uses a decentralized PKI, which allows individuals to trust the integrity of virtual identity.
Regulatory authorities have questioned blockchain, as it supports “trustlessness.” In response, Metadium enables blockchain without compromising the essence of trustlessness, which reassures individuals in the mass adoption. The platform also allows for both attestation and verification procedures in order to build a holistic identity via Meta ID. Additionally, Metadium’s authentication offers secure and convenient device authentication through blockchain technology.
Metadium was launched in 2018 and is led by CEO Justin Park, a former venture capitalist and CEO of Smilegate SEA. The platform uses a modified raft consensus algorithm with proof of authority (PoA) to create new META tokens. PoA is a practical solution for blockchain networks, where block validators are not staking coins but their reputation instead.
The META token is used at the network protocol layer for transaction fees and as a reward for block producers. Additionally, the platform has two pillars supporting Meta IDs and DApps: the Community Pillar, governed by delegators voted in by the community, and the Block Producer Pillar, governed by authorities proven to secure the network.
Overall, Metadium aims to fix the current identification system and offers the assurance of minimal disclosure of personal information. The platform is a step forward in the world of self-sovereign identity and allows individuals to have control over their data and identity in both the physical and virtual world.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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