Trading under MMUI, MetaMui is an identity-based meta blockchain for digital metamorphic assets and tokenized securities. In other words, MetaMUI is a fourth-generation meta blockchain seeking to inherit all the advancements of blockchain and digital currency technologies to dynamically generate meta-mui tokens.
As per the website, MetaMui token is a collateral asset-backed digital metamorphic asset to solve the Central Bank Digital Currency (CBDC) design trilemma of identity, privacy, and programmability and the current CBDC implementation-related issues. MetaMUI seeks to use advanced concepts such as new consensus protocol, hybrid blockchain, chain code, identity blockchain, and ledger structures.
The platform allows the users to tokenize the assets without using smart contracts and offer their digital assets. Besides this, MetaMUI's unique binding of assets to the user's identity aims to prevent the identity theft of public and private keys of Metaverse and ownership-theft of NFTs and other digital assets.
The project has a decentralized identity-based accounting structure to seek to avoid money laundering while aiming to protect the users' privacy. Also, MetaMUI adopts two-tier blockchain nodes architecture, Bank Node and Mobile Node, aiming to balance decentralization and efficiency and optimize current mobile and edge-computing environments. Further, in MetaMUI, both blockchain ledger and chain code perform digital currency transactions created dynamically where chain codes are downloaded and run on local devices and support the offline operation.
MetaMUI's consensus protocol combines pBFT (practical Byzantine Fault Tolerance) and PoS (proof of stake) and has two different structures to store transaction data. One is the Event Sourcing Ledger, and the other is Summary Ledger. Users can choose to participate in any digital currency consensus process and seek to earn rewards by contributing to the project.
As per the whitepaper, Meta Mui has the following features:
The platform seeks to have the following uses:
MMUI is a utility coin for payments. The value of the MMUI coin (digital sovereign currency) is maintained and controlled algorithmically by ACB (algorithmic central bank), an artificial intelligence (AI)-based algorithmic engine. Additionally, MMUI Wallet stores Meta Coins and MetaBlock Exchange allows the trading or swapping of coins. Furthermore, the Meta Mui blockchain enables users to publish cryptocurrencies, digital currencies, and tokenized assets.