As the Ethereum merge approaches, the anticipation of what the end of 2022 will bring has reached fever pitch in the market. The merge is widely regarded as one of the most significant events in cryptocurrency’s short but explosive history and has the potential to trigger the next crypto bull run. After the merge, miners will be faced with a handful of options, and whatever they choose they will still want healthy returns. Is the metaverse one of those options and does it have the infrastructure for mining?
Of all its stakeholders, miners have historically derived the most benefit from the Ethereum proof-of-work (PoW) consensus mechanism, and they are the group that will suffer most when it changes to proof-of-stake (PoS) after the merge. While assessing their future, miners would be wise to consider transferring their operations to a public metaverse blockchain with high performance, cheap cost, and low energy usage.
Typically, ‘metaverse’ refers to a virtual, computer-generated world that is separate from – but connected to, via specialist hardware and software – the real world. Among other things, the metaverse renders digital representations of people and objects into an online, virtual world. Interactions in the metaverse are similar to those in the real world, with users able to shop, travel, work, study and play, while generally being depicted as an avatar in a 3D environment, often anonymously.
Caduceus Metaverse Protocol, a blockchain launched in mid-2022 dedicated to metaverse development, has been announcing substantial partnerships in the UK, Europe and the Middle East, making it a desirable prospect for metaverse investors and an attractive option for GPU miners. Caduceus’ partnerships already include Bin Zayed Group, top Hollywood production company One Van Films and a host of British sporting legends. Seven-time snooker world champion Stephen Hendry, England rugby world champion Lawrence Dallaglio, England cricket captain and sporting icon Ian Botham, and young British motorsport star Sonny Smith, signed by Infinity Sports, are all Caduceus partners, advisors or investors. This diverse, multi-domain group of collaborators continues to grow and paves the way for Caduceus to develop exciting and innovative experiences in the metaverse.
Caduceus’ edge rendering distribution client will be released in the 3rd quarter of 2022, along with numerous application launches that will combine to provide miners with valuable alternatives to PoW.
Caduceus is an infrastructure-layer public blockchain designed specifically for the metaverse and the decentralised world, lowering barriers to entry and providing developers with flexible tools to build the foundations of the metaverse ecosystem. The current benefits of the Caduceus Metaverse Protocol are as follows:
- In conjunction with P2P and DHP networks, a hypercube design and a network of nodes with distinct purposes, the transaction costs, speed and efficiency of Caduceus are unrivalled.
- Innovation in edge computing and decentralised edge rendering technology offer infrastructure developers simple and secure operating services, remove restrictions on developers, and enable flexible computing and analysis of edge frameworks.
- Microservice architecture allows the deployment of each microservice individually, meaning that developers are not required to coordinate the rollout of service enhancements or modifications. This also makes it easier for developers to rapidly create and customise their own chains. The consensus mechanism, block size, and storage technique can easily be modified by developers in accordance with their performance and security needs.
- The incentive model offers a promising revenue source for miners. Since the P2P network, DHP network, and hypercube design combine the bandwidth of all nodes, the more nodes that are deployed, the larger the network’s capacity and the more the revenue of a single node will grow.
Ethereum may be more secure, scalable and sustainable after the merge, but gas fees will remain high and compliance will become the sword of Damocles for the PoS network. If PoW miners want to increase their rewards over time, the metaverse is a vital opportunity that cannot be missed.
Caduceus Metaverse Protocol has a formidable team that secured significant A-round investment, making substantial funds available for developers to build applications at lower cost, faster speed and greater security, with the metaverse ecosystem growing quickly as a result.
For miners new to the metaverse space, Caduceus represents a great opportunity. With an attractive incentive model and a robust long-term development plan, Caduceus miners will be well-positioned to capture future returns. Overall, although the merge brings with it some risk, the subsequent benefits and rewards for the wider blockchain industry will make it more than worthwhile.
The metaverse has the potential to grow into a $5 trillion market by 2030 and Caduceus, with its unique, decentralised metaverse infrastructure layer, may be exactly the opportunity that PoW miners have been waiting for.
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