Components

Metacces Blockchain Components

Nodes

A blockchain is a decentralized network of nodes. Each node runs blockchain client software, like Metacces, to participate in the network. Nodes collaborate to validate transactions and maintain the blockchain's integrity.

Consensus Mechanism

To ensure agreement on the state of the blockchain, a consensus mechanism is employed. Metacces utilizes Proof of Authority (PoA), specifically the mBFT (Metacces Byzantine Fault Tolerance) algorithm. In PoA, a predefined set of validators secure the network.

Smart Contracts

Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They reside on the blockchain and automatically enforce the terms of the agreement. Solidity, Vyper, and Serpent are common programming languages for smart contracts.

Decentralized Applications (DApps)

DApps are applications built on blockchain platforms. They interact with smart contracts to provide user interfaces and functionalities. Unlike traditional applications, dApps are decentralized, meaning they operate on a network of computers rather than a single server.

User Management

Blockchain networks rely on a distributed trust model. Metacces incorporates user management features, allowing for account creation and control while maintaining decentralization. Integration with Oli AI services offers additional user management capabilities.

Upgrades and Forks

To introduce new features or address vulnerabilities, blockchains undergo upgrades known as forks. Metacces supports a smooth upgrade process through forks, ensuring compatibility and minimal disruption to the network.

Key Points:

• Metacces leverages blockchain technology to create a secure, transparent, and efficient platform.

• Nodes, consensus mechanisms, smart contracts, and dApps are core components of the blockchain ecosystem.

• User management and upgrade mechanisms are essential for the platform's functionality and evolution.

• Metacces employs PoA consensus for enhanced security and performance.