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MetaPay-Open the Era of Meta Payment

Published

4 years ago

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Since the birth of mankind, we seem to have never experienced lasting peace and prosperity. We have tried our best to build one civilization after another, but because of lack of trust and coordination, it always disappeared immediately. In the evolution of the universe, humans have walked for millions of years, but even though they have faced countless difficulties together, they still cannot understand each other in the end.

Just when we were about to lose confidence, the emergence of blockchain relighted our hopes. The greatness of decentralized consensus is that code is more reliable than human nature, and “Code is Law” can last the development of civilization. Decentralization allows independent thoughts to shine like stars, and at the same time allows trillions of individuals to reach a commendable consensus on the identification of rules and trends, and enable the collaboration between humans to reach an unprecedented height and breadth.

In the collaboration between many humans, MetaPay shines with the brightest light, guiding us towards eternity.

Why is MetaPay followed by the public?

We know that the existing global payment system relies on the establishment of various centralized governments, central banks and some third-party payment institutions. There seems to be no problem with the existing payment system, it has very fatal flaws.

Firstly, the fully centralized governance system makes the system very easy to be attacked by hackers, and once it is attacked, it will cause catastrophic consequences. Secondly, the high transfer fees and management fees have seriously harmed the interests of users. Thirdly, when it comes to cross-border transfers and payments, the speed and efficiency will be greatly reduced, which is not conducive to the development of commercial trade.

Based on these market pain points, the founding team of MetaPay put forward the idea of ​​meta-financial payment.

Meta Finance, derived from Metaverse, is committed to the construction of virtual and real payment infrastructure，is a safe and efficient Meta financial payment ecosystem based on the Ethereum Layer 2 expansion protocol developed by genius blockchain technology geeks. The main direction is cross-chain payment and ecological construction of virtual assets, including decentralized payment , pledge, liquidity mining, NFT aggregator, etc.

The reason why MetaPay can carry the efficient and complicated payment requirements is because of its strong cryptographic algorithm. It uses the discrete logarithm encryption and elliptic curve encryption which are commonly used in modern public key crypto systems. At the same time, it uses the non-interactive zk-SNARKs zero-knowledge proof system to completely address the issue of transactions being traced to expose user privacy.

MetaPay adopts the Layer 2 technology based on Ethereum, and achieves a flash payment experience comparable to Internet products through expansion of the off-chain channel. In addition to the extremely fast payment experience, there is no handling fee in the off-chain channel, which effectively solves the problems of slow speed and high gas fee of the Ethereum.

It is mainly achieved through the following three aspects：

Two-way payment channel

Two participants create a ledger entry on the blockchain, which requires the two participants to sign any fund expenditures. Both parties create transactions that return ledger entries to their respective allocations, but do not broadcast them to the blockchain. They can update the personal distribution of ledger entries by creating many transaction expenditures from the current ledger entry output. Only the latest version is valid, which is enforced by smart contract scripts that can be analyzed by the blockchain. By broadcasting the latest version to the blockchain, any party can close the entry at any time without any trust or custody.

Lightning Network

By creating a network of two-party ledger entries, you can find a path across the network, similar to routing data packets on the Internet. The nodes on the path are not trusted because the payment is executed through a script that enforces atomicity (the entire payment succeeds or fails) by decrementing the time lock. In order to expand Lightning Network in Layer 2, MetaPay incorporates two basic protocols, RSMC (Revocable Sequential Maturity Contract) and HTLC (Hash Clocked Contract) in the transaction verification process of the underlying protocol which is to build the Fund pool on Layer 2 and the establishment  of payment channels.

The Lightning Network on Layer 2 has many advantages. The first is instant determinism. As long as the signatures of all parties pass the status update, the status will be “confirmed” without waiting for block confirmation on the blockchain; Secondly, The status update is off-chain, and peer-to-peer communication can guarantee privacy. Only the final status will be submitted to the blockchain. Finally, there is a low gas fee. The Lightning Network only needs to settle and clear the fees on the blockchain when the channel is opened and closed. At other times, no matter how the two parties update in the channel, the transaction is free.

Blockchain arbitration mechanism

It is possible to conduct transactions outside the blockchain without restrictions. It is also possible to conduct off-chain transactions with the confidence that it is executable on the blockchain. This is similar to the way one person enters into many legal contracts with others, but there is no arbitration every time a contract is signed. By making transactions and scripts parseable, smart contracts can be executed on the blockchain. Only in the case of non-cooperation, arbitration will be intervened. But for blockchain, the result is certain.

There is no doubt that the technical team of MetaPay understands the pain points of the current market very well. Through the above three points, MetaPay can completely break the congestion of existing Ethereum network transactions and achieve the best transaction speed in the entire network.

The MetaPay system with advantages such as instant payment, high scalability, low cost and cross-chain will help mankind get rid of the shackles of the existing payment system and realize the ultimate dream of payment freedom.

If you think MetaPay’s planning stops at payment, then you are wrong. After completes the payment infrastructure, it will use Meta NFT as the starting point to fully deploy the metaverse ecology.

Let’s first look at the layout of Meta NFT. It aims to build the world’s largest NFT asset and financial derivatives trading platform with the richest ecology and the strongest technical strength.

Therefore, Meta  NFT is integrating more than 100 animation IP and 1,000 global artists and collecting more than 5,000 contemporary artworks as a reserve. Users will be free to trade NFT assets including artwork and real estate in Meta NFT.

In addition to NFT asset trading, Meta NFT allows users to mint their custom NFT assets.

Users can directly create NFTs in Meta NFT Layer 2, and the changes in the state of the world in the system are similar to recharging NFTs. Web, Mobile App and API-based user interfaces to the Mint smart contract will be developed to make asset creation and management a simple process. The following parameters define a new custom asset:

Currently, MetaPay has completed the construction of the development team, the internal structure of the functional prototype, and is focusing on the development of the first version of MetaPay. Although the development work is still in progress, MetaPay has completed the internal angel round of fundraising and is in the process of private sales. At present, it has received preliminary investment intentions from global leading institutions such as CMS, AU21, DFG, NGC, Rarestone, LinkPad, etc.

As of press time, the MetaPay team is still intensively developing. It is believed that users will be able to directly use MetaPay and NFT asset trading shortly. We are very much to see it soon.

If you want to know lates news about MetaPay, please check following links:

MetaPay Twitter：https://twitter.com/Metapay1/

MetaPay Telegram：https://t.me/metapaygroup

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

G Rellz: A Journey of Passion, Perseverance, and Purpose

Published

2 hours ago

on

March 15, 2025

By

Hip-hop has always been a space where authenticity shines, and G Rellz is a prime example of an artist who stays true to himself while striving to make a lasting impact. From his early dreams of becoming a scientist to finding his calling through the music of A Tribe Called Quest and Nas, G Rellz has carved a unique path in the industry, fueled by passion, resilience, and an unwavering dedication to his craft.

A Passion for Music Rooted in Inspiration

Born with a curious mind, G Rellz initially saw himself exploring the worlds of astronomy and microbiology. His childhood was filled with microscopes and telescopes, reflecting his deep love for science. However, everything changed when he heard Award Tour by A Tribe Called Quest and One Mic by Nas. That moment ignited a fire in him, leading him to pursue music with the same passion he once had for science.

Drawing influence from legends like Q-Tip, Nas, Eminem, and Jay-Z, G Rellz has developed a sound that blends introspective lyricism with raw energy. His personal anthem, G Rellz Go Harder, serves as a perfect representation of his mindset—determined, relentless, and always pushing the boundaries of his potential.

The Journey to Success: Talent Meets Hard Work

G Rellz understands that success in the industry goes beyond raw talent. He realized that networking, staying relevant, and continuously evolving were just as crucial as having lyrical skills. “I had to let go of the idea of just being talented. I had to network more, put in more work, and keep up with the times,” he explains. This mindset has allowed him to grow not just as an artist but as a brand.

His ultimate goal? To make a real impact with his music and give back in a meaningful way. One of his long-term aspirations is to open a youth center for foster and adopted kids, providing them with the support and opportunities they deserve.

A Voice for Change

Beyond music, G Rellz is deeply invested in social issues, particularly those affecting the lower working middle class. He believes that celebrities and influencers have a responsibility to be socially conscious and give back, acknowledging the power of their voices in shaping public perception. He also advocates for change within the industry, pushing for talent to be valued over social media following and for executives to prioritize positive, meaningful music.

When it comes to financial freedom, G Rellz envisions a life where he is his own boss, free from office politics, and making money doing what he loves. He believes in taking risks to reach new heights, stating, “I would give up my day job in an instant if it got me to an even better place.”

Words of Wisdom for the Next Generation

For aspiring artists, G Rellz has one key piece of advice: don’t waste time. “Don’t procrastinate, and don’t put trust in people for too long if they don’t bring you the results you need. Time is very important, and it’s moving fast.” His journey serves as a testament to perseverance, showing that age and obstacles should never stand in the way of chasing dreams.

As he continues to grow his brand and connect with his audience, G Rellz hopes to be remembered as someone who never gave up—someone who battled through adversity and stayed committed to his dreams despite the challenges. His message to his fans is simple yet powerful: Keep pushing forward, don’t let naysayers discourage you, and remember—there’s an audience out there eager to hear your story.

G Rellz is more than just an artist; he is a visionary, a motivator, and a force to be reckoned with in the music industry. Keep an eye on him—because he’s only just getting started.

https://distrokid.com/hyperfollow/demegod/goons-goblins–gods

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Press Release

Bitcoin’s Utility Era: Unlocking RWA and DeFi with Layer 2 Innovation

Published

2 hours ago

on

March 15, 2025

By

PALO ALTO, CA, United States, 15th Mar 2025, – Ethereum showed the world that blockchains could do more than just settle transactions and lock in value; they could become platforms for a vast array of services, from decentralized finance (DeFi) applications and sophisticated liquidity pools to non-fungible tokens (NFTs) and entire digital economies.

Bitcoin's Utility Era: Unlocking RWA and DeFi with Layer 2 Innovation

At the heart of these innovations is the idea of Layer 1 and Layer 2 solutions. Layer 1 refers to the base blockchain itself-like Bitcoin or Ethereum-where transactions are recorded and secured by the network’s consensus mechanism. Layer 2, on the other hand, consists of additional protocols built on top of Layer 1 to improve scalability, reduce fees, and add advanced functionality without overloading the base layer. Ethereum, with its Layer 2 rollups and sidechains, has demonstrated how these additional layers can unlock entirely new possibilities.

As Bitcoin’s steadfast community watched this evolution unfold, a pressing question emerged: Can Bitcoin ever evolve to a similar level of programmability and utility, without compromising its prized security and decentralization? Today, the industry stands on the brink of an answer. Cutting-edge solutions are introducing the tools required to build complex applications using Bitcoin as the foundational layer of trust. By anchoring execution and data within Bitcoin’s unassailable network, these new frameworks promise to deliver functionality reminiscent of Ethereum’s thriving ecosystem-without bridging out, altering Bitcoin’s core code, or compromising on its guiding principles.

The Market’s Call for More Than Just a Store of Value

As Bitcoin continued to solidify its status as a global store of value, the broader cryptocurrency ecosystem moved quickly. DeFi platforms began serving as global liquidity pools, enabling everything from lending and borrowing to automated market making. Layer 2 solutions on Ethereum, such as rollups and sidechains, sprang up to improve scalability and reduce fees. NFTs captured mainstream attention by proving that digital art, music, and collectibles could carry verifiable uniqueness and ownership.

All of this paved a path for a more complex and dynamic type of blockchain usage: one that Bitcoin, for all its strengths, had not yet fully embraced. Despite Bitcoin’s unmatched security and track record, developers wanting to build advanced financial applications, tokenization platforms, or NFT ecosystems had traditionally looked to Ethereum and other programmable chains to bring their ideas to life.

A Quiet Evolution: Introducing Programmability to Bitcoin

The key to bringing robust programmability to Bitcoin lies in meeting two critical demands: remain faithful to Bitcoin’s trust-minimized architecture and ensure that the network’s famously deliberate development ethos is respected. Attempts to graft complex applications directly onto Bitcoin’s blockchain often met resistance due to concerns around data bloat, security risks, and consensus changes.

However, a new class of solutions is rising to the challenge by performing the heavy lifting off-chain and simply anchoring the integrity and ownership proofs back to Bitcoin. This approach allows the network to scale without burdening its base layer, enables complex logic without overhauling Bitcoin’s consensus, and brings forth a universe of use cases once thought out of reach.

How Ethereum’s Model Guides Bitcoin’s Next Steps

Ethereum’s success demonstrates that a healthy developer ecosystem requires flexible tools. Smart contracts, robust developer libraries, and clear frameworks for building decentralized applications turned Ethereum into a kind of “world computer” for the crypto industry. From this vantage point, Ethereum’s architecture taught the broader crypto community that bringing computation closer to the settlement layer can rapidly accelerate innovation-though often at the cost of greater complexity on-chain.

Now, Bitcoin-focused projects are turning those insights into a unique blueprint for Bitcoin’s evolution. Instead of copying Ethereum wholesale, they are crafting methods that preserve Bitcoin’s minimalist approach. The idea: Off-chain computation and client-side validation ensure that complex logic happens where it won’t compromise Bitcoin’s streamlined ledger. Meanwhile, a proof or hash of that activity is anchored in Bitcoin, creating a trust-minimized linkage.

OroBit: Extending Bitcoin’s Capabilities Without Compromise

Enter chains like OroBit. These emerging Layer 2 solutions are building frameworks that enable advanced smart contracts, tokenization, DeFi, and NFTs directly anchored to Bitcoin’s security. By using Bitcoin as the root of trust and combining it with off-chain execution frameworks, OroBit opens the door for developers to leverage Bitcoin’s robust base layer while enjoying the creative freedom that previously existed mainly in Ethereum’s realm.

For instance, OroBit can deploy a “Simple Contract Language” (SCL) to manage data off-chain via decentralized nodes, verifying contract logic without overloading Bitcoin’s main blockchain. This approach parallels Ethereum’s Layer 2 scaling solutions, but instead of making Bitcoin more complex or riskier, it keeps the core blockchain lean. Off-chain computation, Lightning Network integration, and careful cryptographic proofs ensure that even the most intricate financial logic can be executed while Bitcoin’s main layer remains secure and relatively unchanged.

DeFi, Private Equity, and More on Bitcoin

Just as Ethereum’s flexible framework led to an explosion of DeFi protocols, liquidity pools, lending platforms, and robust NFT ecosystems, OroBit and similar chains aim to spark a comparable wave of innovation anchored to Bitcoin. Developers could build Automated Market Makers (AMMs), lending protocols, stablecoins, or advanced NFTs that derive their fundamental trust and security from the Bitcoin network.

Adding to this momentum, OroBit is collaborating with entities like Deal Box to revolutionize private equity markets through tokenization. This partnership is set to bring real-world assets, such as private securities, onto Bitcoin’s robust blockchain. By leveraging OroBit’s Bitcoin Layer 2 (BTC L2) solution, tokenized private markets can achieve unprecedented levels of accessibility, efficiency, and transparency. Investors will benefit from features like streamlined onboarding and fast, low-cost transactions enabled by the Lightning Network.

Major institutions have taken notice of Bitcoin’s Layer 2 advancements as well. Fidelity, which manages $5.9 trillion in assets, recently asserted that “The Lightning Network appears to be successfully delivering on its goal of being the most efficient way to transact in the digital asset ecosystem.” Such endorsements underscore the growing confidence in Bitcoin’s ability to power fast, cost-effective applications-ultimately bridging the gap between ‘digital gold’ and a fully programmable blockchain.

Bitcoin stands ready to leverage its immense liquidity and unparalleled security to empower developers, investors, and users seeking innovative solutions. In short, Bitcoin is evolving beyond its identity as “digital gold,” stepping into a future where it serves as a foundation for groundbreaking applications, proving that what began as the world’s most secure store of value can now drive the next generation of blockchain-powered advancements.

About Deal Box

Deal Box is venture capital that fits your life. By merging institutional-grade diligence with flexible investment options, Deal Box empowers accredited investors to craft portfolios that align with their financial ambitions. For more information, visit www.dealbox.vc

About OroBit:

OroBit is at the forefront of decentralizing finance with its Bitcoin-native smart contracts and tokenized assets. Anchored by real gold, OroBit blends blockchain innovation with palpable security. Discover more at www.orobit.ai.

Media Contact Info:

OroBit
Warwick Denman
Managing Director,
OroBit, Inc.
invest@orobit.ai

Deal Box
Thomas Carter
thomas@dealbox.io

Media Contact

Organization: OroBit, Inc.

Contact
Person: Warwick Denman

Website:

https://orobit.ai/home

Email:

invest@orobit.ai

City: PALO ALTO

State: CA

Country:United States

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Press Release

Trust Swiftly Launches AI-Fighting Identity Verification Platform with Public Bounty Challenge

Published

3 hours ago

on

March 15, 2025

By

Chicago, IL – 15/03/2025 – (SeaPRwire) – Trust Swiftly launched its “Trusted Supervised Remote ID Verification platform” to combat the rising tide of AI-driven fraud. This innovative solution, the first and only of its kind, offers an adaptable approach to identity verification, combining remote and in-person security measures. Trust Swiftly is also launching a public bounty challenge to prove its robustness, inviting experts to test the system’s defenses.

Trust Swiftly’s supervised remote identity proofing tackles the growing threat of sophisticated fraud attempts head-on. The platform is exceptionally flexible, incorporating over 20 verification methods, including document verification (with support for thousands of global documents), biometric checks (facial recognition with liveness detection, fingerprint, and voice), and dynamic knowledge-based authentication. It analyzes thousands of data points in real time to rapidly identify and flag potential bad actors and leverages AI agents to expand its coverage.

The platform’s unique strength lies in its supervised element. While offering automated verification options, including self-service kiosks for secure locations, it also allows for human oversight when needed. This hybrid approach ensures the highest level of accuracy and security, adapting to various risk levels and use cases.

Bounty Challenge for Enhanced Security

Trust Swiftly has launched a public bounty challenge to demonstrate its confidence in the platform’s resilience. Security researchers and ethical hackers are invited to attempt to bypass the system’s defenses. This ongoing challenge validates the platform’s current security and contributes to its continuous improvement.

The platform offers flexible deployment options, including self-service kiosks for secure locations.

Key verification factors of the new system include:

  1. Advanced Biometrics: Facial recognition with liveness detection, fingerprint scanning, and voice authentication.
  2. Document Verification: Confirming if an ID is real or fake.
  3. Datapoint Verification: The system cross-references thousands of datapoints to verify user identities and flag potential fraud.

Visit https://trustswiftly.com to learn more about the Trusted Supervised Remote ID Verification platform and the bounty challenge. Request a demo today to see how Trust Swiftly can protect your business from evolving fraud threats.

Media Contact

Andrew Williams

Trust Swiftly

Phone: 312-945-0121

Email: andrew@trustswiftly.com

 

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

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