META

Overview of META

Metadium, known by its short name, META, is a decentralized identity protocol that was introduced to the crypto market in 2018. The project was developed and is currently run by co-founders Justin Park and Ryan Uhr. The META token plays a crucial role within the Metadium ecosystem, where it is used as a medium of exchange and for various other utility purposes. The token is listed on several cryptocurrency exchanges for trading, including Binance, Coinone, and Kucoin, among others. As an ERC-20 token, META can be stored in any wallet that supports this standard, including Metamask and MyEtherWallet. Please note that as with all cryptocurrencies, investing in META involves significant risk and it's always recommended to do thorough research before investing.

Pros and Cons

What Makes META Unique？

Metadium represents an innovative approach to decentralized identity. Unlike traditional cryptocurrencies that mainly focus on financial transactions, Metadium aims to create an identity-centered ecosystem, where individuals can control personal data and who are authorized to access it. The META token functions as the medium of transaction in this setup.

How Does META Work？

Metadium operates on a Proof of Activity consensus mechanism which is a hybrid of Proof of Work (PoW) and Proof of Stake (PoS). This means that META token mining involves both transaction processing and a stake of tokens. The mining speed, therefore, isn't solely determined by computational power, as it is with Bitcoin's PoW model. Rather, it also depends on the amount of META tokens a node has.

In terms of mining software, typical Ethereum mining software considering the shared Ethereum architecture should be suitable since META is an ERC-20 token. Metamask and MyEtherWallet are among the popular choices to facilitate transactions involving META tokens.

The specific processing time of META transactions and mining speed is dependent on several variable factors, including the state of the network, the type of transaction, and the staked tokens. However, since it's an ERC-20 token operating on the Ethereum network, META's transaction speed would be similar to other Ethereum transactions, typically faster than Bitcoin due to Ethereum's shorter block time.

In comparing mining equipment, Bitcoin mining usually requires high-powered, specialized hardware known as ASICs, while META may be mined using standard computer equipment, given its Proof of Activity consensus mechanism. It's important to note that as META's consensus mechanism combines PoS, a part of its mining involves holding tokens, which doesn't require specific hardware.

Exchanges to Buy META

META is supported on several cryptocurrency exchanges, allowing for a broad range of buying options. Popular exchanges that list the META token include Binance, Coinone, and Kucoin. Binance is one of the largest and most well-known cryptocurrency exchanges globally. Coinone is a South Korea-based exchange that supports trading pairs in the local currency, the Korean Won (KRW). Kucoin is also a well-established global cryptocurrency exchange. Each exchange provides distinct features, such as different trading pairs, trading tools, and fee structures. Investors can choose a relevant exchange based on their specific requirements like location, preferred payment methods, and trading volume.

How to Store META？

META, being an ERC-20 token, can be stored in any wallet that supports Ethereum's ERC-20 token standard. Here are a few types of wallets you may consider when storing your META tokens:

1. Software Wallets: These are applications or software installed on a computer, smartphone, or other devices. They provide convenient access and management tools for your META tokens. Examples include Metamask and MyEtherWallet.

2. Hardware Wallets: These are physical devices that securely store cryptocurrency offline in a process called “cold storage”. They offer the highest level of security for currency storage and are ideal for storing large amounts of META. Examples include Trezor and Ledger.

Should You Buy META？

Purchasing META or any form of cryptocurrency might be suitable for those who are comfortable with high-risk investments and have a strong understanding of the crypto market dynamics. As META is part of an ecosystem that's focused on decentralized identity, it may also be of interest to those who have strong belief in the potential of blockchain technology applied in identity verification and security, in addition to general financial transactions.

FAQs

Q: Who are the main developers behind META？

A: The primary creators of Metadium, and hence the META token, are Justin Park and Ryan Uhr.

Q: Where can one purchase the META token？

A: META tokens are available for purchase on several exchanges including, but not limited to, Binance, Coinone, and Kucoin.

Q: How can one store META tokens？

A: As an ERC-20 token, META can be stored in any wallet that supports Ethereum's ERC-20 standard such as Metamask and MyEtherWallet.

Q: What makes Metadium unique from other cryptocurrencies？

A: Unlike conventional cryptocurrencies, Metadium introduces a decentralized identity technology using blockchain, with its token, META, serving as the medium of exchange in the ecosystem it forms.

Q: Which types of wallets can be used to store META tokens？

A: META tokens can be stored in a variety of wallets including software, mobile, web, hardware, and paper wallets, as long as they support the ERC-20 token standard.