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What is MetaMUI?

MetaMUI is a permissioned public blockchain network that enables central banks, commercial banks, and other financial institutions to publish their CBDCs (central bank digital currencies). It serves as an identity-based meta-blockchain that addresses the CBDC design trilemma of privacy, identity, and programmability. By decentralizing identity and multi-ledger mechanisms, MetaMUI enables privacy-preserving CBDCs while maintaining compliance with financial regulations. Unlike other digital payment systems, MetaMUI operates as a true peer-to-peer digital cash that can confirm transactions without the need for blockchain consensus or the intervention of a central server. It surpasses both centralized account-based digital payment systems and blockchain token-based digital payment systems, boasting a capacity of over 1 million transactions per second. Thanks to its decentralized operational structure, MetaMUI can achieve virtually unlimited scalability by adding more nodes to the network. This scalability makes MetaMUI a potential candidate for implementing the World Reserve Currency.

Who are the Founders of MetaMUI?

MetaMUI Blockchain was developed by SovereignWallet Network and the University of Southern California Viterbi School of Engineering. The project's founders are Phantom Seokgu Yun and Frances Kim, PhD., both from USC. Prof. Bhaskar Krishnamachari and Prof. B. Clifford Neuman from USC joined as research advisors.

Phantom Seokgu Yun studied computer science under the guidance of Prof. Neuman, who is known for inventing the NetCheque and NetCash protocols, pioneering research projects on digital cash funded by DARPA. Phantom Seokgu Yun is a prominent security expert in Korea and has provided security software to various organizations, including eBay Korea, KaKao, Samsung Electronics, government agencies, and military agencies. He possesses expertise in Distributed Operating Systems, Digital Money, Machine Learning, and Computer Architecture. Additionally, he is a digital currency expert in the Digital Euro Association and has published numerous research papers and patents related to identity-based blockchain and meta-blockchain technologies.

Dr. Frances Kim is a distinguished behavioral economist specializing in tokenized security, the digital economy, and asset tokenization, including NFTs. She has served as a consultant for various corporations in Korea and the US.

What sets MetaMUI apart?

MetaMUI distinguishes itself as a 4th generation and hybrid blockchain that offers solutions to the CBDC design trilemma and the inherent trilemma of blockchain technology. It redefines the blockchain landscape by integrating identity-based technology with blockchain token technology. This fusion technology caters to the needs of both the cryptocurrency community and the traditional financial sector. Here are the unique value propositions offered by MetaMUI:

1. Identity-based ownership - Unlike existing cryptocurrencies that tie asset ownership to private keys, MetaMUI associates asset ownership with the user's identity. This eliminates the risks associated with lost or stolen private keys, as MetaMUI can reset the private key with a new one after proper identity verification. The decentralized identity system ensures privacy protection and secure identity verification.

2. True Peer to Peer Digital Cash with over 1 million transactions per second performance - Contrary to Bitcoin and other cryptocurrencies that rely on consensus protocols, MetaMUI's digital cash enables direct value transfer between peers without the need for consensus or intermediaries. It stands as the fastest payment system, with the ability to process over 1 million transactions per second.

3. Offline Payment - MetaMUI achieves offline payment, a feat previously unattainable with traditional blockchain technology. Two transacting parties can conduct payments through the near-field communication feature of smartphones, even without an Internet connection.

4. Unlimited Scalability - MetaMUI overcomes the limitations of serialized and centralized operations in blockchain by implementing a parallel and independent transaction processing structure. By adding more Bank Nodes (MetaMUI's blockchain nodes), the system accommodates an unlimited number of transactions per second. This scalability makes MetaMUI well-suited for millions of IoT (Internet of Things) devices.