Extended reality technology and cryptocurrency technologies support the metaverse. It is the place where digital and physical worlds collide. Unowned and full of potential, it’s not yet clear how the metaverse will evolve. But, one thing is certain: if millions of people are going to be digitally connected, the technologies powering the metaverse have to be scalable – and therein lies the problem.
Early generation cryptocurrency architecture isn’t keeping up with increasing scalability demands. The most obvious example is Ethereum. It’s losing its place as the leading solution for Metaverse-adjacent space like GameFi or NFTs. Ethereum’s high transaction fees and low throughput make it simply incapable of handling the demands of applications that require a huge amount of complex transactions. New solutions will be needed for large-scale future applications.
Unlimitless Opportunities: A solution
Caduceus was designed for metaverse development. Rated at an enterprise-grade 100,000 peak TPS (transactions per second), the Caduceus blockchain is thousands of times faster than Ethereum’s. Not only that, but transactions on the Caduceus network are cheap, with a minimum fee of just one-ten thousandth of a penny. This is made possible by its unique MetaverseGraph (mGraph) consensus mechanism, which uses a Directed Acyclic Graph (or “DAG”) with distributed Proof Of Stake (dPOS) creating a new type of blockchain, to process and store transaction data faster than traditionally possible.
Caduceus believes in an open metaverse, where creativity is free. It makes it easy to develop metaverses. Caduceus’ blockchain can be connected seamlessly to its SDK for web2.0 or web3.0 software and applications, offering interfaces and tools that NFT artists and developers need. Further, their XR Devkit and XR Creation Platform come with everything artists and developers need to get started – from XR gear to software supporting the creation of 3D game materials and models.
Caduceus supports NFT-ERC721 copyright distribution, allowing creators to maximally benefit from their work as it’s used throughout the metaverse. This is made possible by Caduceus’ Peer-to-Peer content distribution platform powered by decentralized IPFS cloud storage. Caduceus’ scalable nature also allows for efficient computation of large transactions. This ensures that everyone can use extended reality apps without any problems.
Caduceus can be used cross-chain or multi-protocol. Caduceus allows seamless migration between EVM and Solidity contract, while also supporting ERC20 ERC721, ERC1155, ERC998, ERC998, ERC998, ERC998, ERC998, ERC998, ERC998, ERC998, ETC731, ERC721, ERC1155, and many other asset protocols. Caduceus makes it simple for developers to transfer their legacy applications to Caduceus. This should result in healthy network growth.
Version 1.0 is due to be released in Q2 2019. It will also continue to improve until the release in Q4 20202. V3.0’s final release will take place in Q1 2023. The Creators Platform version 1.0 will also go live during this period. Caduceus is open for developers to try their hand at creating their metaverse. You can find the required developer documentation here.