“Unlocking the Future: MetaID/MVC, and the Path to Web3 Revolution”

I've summarized Shaolin's interview with Sunny

Sunny Fung is the lead developer of the MVC (Microvision Chain) project, focused on the $Space token and the innovative MetaID technology. Here are the key points from the discussion:

Introduction of Sunny Fung and MVC: Sunny has been passionate about Bitcoin since 2013 and leads a team that has been among the early contributors to MVC, a blockchain designed to scale Bitcoin through a decentralized architecture.

Concept of MetaID: MetaID is an architecture that enables decentralized identification of entities, individuals, or devices while ensuring data security on MVC nodes. This technology aims to make identification across various protocols highly efficient and with a low computational footprint, thereby facilitating interoperability and efficiency within the blockchain ecosystem.

Integration into the MVC and Bitcoin Ecosystem: MVC not only extends Bitcoin's capabilities but also aims to break down barriers between the MVC and BTC ecosystems, allowing seamless interaction between the two. The integration of MetaID with Bitcoin is based on specific modifications tailored to BTC, such as full support for Taproot scripts.

Release of MetaID V2: The enhanced version of MetaID is scheduled for release in the first quarter of 2024, promising improved features, including better support for Bitcoin and an asset issuance protocol based on 1:1 Satoshi mapping, enabling extended cross-chain support.

Vision for MVC and MetaID: The ambition is to create an ecosystem where Web3 applications run on public UTXO chains like MVC and Bitcoin, with data fully on-chain and owned by users, thanks to the MetaID protocol.

Interoperability and Scalability of Bitcoin: Sunny explains how MetaID and MVC can help solve Bitcoin's scalability issues, by enabling transactions and applications on MVC that are backed by Bitcoin assets, and offering a seamless user experience between BTC and MVC.

Role of the MC Token (Meta Coin): Issued by the Open Metanet Foundation, MC aims to encourage the adoption of MetaID applications and stands out for its decentralized governance and genesis linked to the consumption of BTC.

Improving User and Developer Experience: MetaID promises to transform the experience of users and developers by offering full control over data and facilitating the development of interconnected and interoperable Web3 applications.

Community Engagement and Future Development: Sunny invites MVC community members to follow and contribute to the development of MetaID, highlighting the importance of community participation in expanding the MVC ecosystem.

In summary, this interview with Sunny Fung sheds light on the innovative efforts of MVC and MetaID to enhance the blockchain ecosystem, notably by strengthening interoperability with Bitcoin and promoting a new generation of decentralized Web3 applications.

READ THE FULL INTERVIEW HERE

$SPACE the place to be.

JACQUES - SPACE EXPLORER