This post is made on behalf of MetaCode. The dev team will manage and maintain this topic.
METACODE TECHNOLOGY DETAILS
The technology was originally created to address data security and online storage needs. It performs extremely well in this regard. During initial testing, it was discovered that the technology could also be used for file sharing in a way that solves the problems with the present model. With the added benefits of a distributed network and built in incentivisation while providing a very high level of efficiency at a very low cost.
MetaCode is the future of secure data management and file sharing.
MetaCode puts the "utility" in utility token first and foremost. MetaCode engine doesn't merely use MetaCode token to unlock the engine for use. But is actually an integral and essential component of its operation.
At its most basic, files are entered into the engine interface and a unique alpha-numeric-symbolic encryption key is created by the user. The key is used as the basic map for the encryption process. The key is more than a mere lock existing over the file. It forms an element of the encryption itself and therefore decryption cannot be completed without the key.
The MetaCode engine fragments the file according to elements of the initial encryption. Preparing to send it to multi-dimensional C/F/M diffused storage vaulting.
A unique numeric string is generated by the system, and expressed as a left of decimal numerical value (whole MetaCode token) influenced by file size (we call them LOD pronounced load). Plus a right of decimal fraction of MetaCode Token (we call them ROD). When the user initiates the upload to the C/F/M, The MetaCode token is sent to the appropriate smart contract. This process writes the transaction to the blockchain. Embedding the code in the ledger. The smart contract returns all LOD and a portion of the ROD sent MetaCode token to the MetaCode engine address. this is the second numeric code. The difference between the two is a value used as the third code.
The three codes together are used to generate a fourth code (using algebraic formula influenced by elements of the initial encryption/fragmentation) that is readable (from blockchain) by the online MetaCode infrastructure. This determines the address locations where each fragment of the encrypted file are sent for secure storage. The numeric code is then therefore essential to the later map retrieval of the file fragments. Providing a layer of quasi-encryption further enhancing security, And preventing unauthorized attempts to locate file fragments.
File retrieval is accomplished by entering the numeric string map code (expressed as right of decimal fraction of MetaCode token) into the user interface, Blockchain transaction is completed via smart contract. And the entire amount of MetaCode is returned to the user MetaCode interface. File fragments are located and downloaded for reassembly and can then be decrypted using the original encryption key.
All the complexities and heavy lifting are handled by the MetaCode engine under the hood, Making user engagement near effortless with smooth, easy to understand intuitive controls and prompts.
Additional security can be applied to any file with the use of advanced options, such as replication and redundancy, "wild goose", "white noise" and "red herring" to cause the encrypted file to be extremely resistant to unauthorized decryption attempts. Media files can be used in place of the alpha-numeric-symbolic key causing even the most powerful "velociraptor" systems designed to brute force, dictionary attack or otherwise unravel the file will grind its gears to dust without ever unlocking the slightest hint of the true contents of the protected file.
MetaCode engine together with MetaCode token is a complete security and storage solution that better addresses the needs of a wide variety of enterprise level entities such as healthcare, insurance industry etc.
Beyond that, the MetaCode user interface can be widely distributed to interested individuals freely to encourage widespread use.
One such use is the MetaCode's ability to perform file sharing operations with total anonymity. P2P file sharing is rendered obsolete by the features, security, speed and reliability of MetaCode driven file distribution across vast networks. Efficiency is taken beyond the next level to totally eclipse currently existing P2P protocols. And uploader incentive is easily accomplished by the ability of the system to divert retrieval MetaCode fractions to the uploaders MetaCode interface via discretionary smart contract instead of being returned to the sender (downloader). Data location numeric strings and decryption keys can be distributed widely, making file sharing easily accessible, very inexpensive and potentially lucrative for uploaders of high demand files.
Detailed Information Available in White Paper.
ABOUT
MetaCode technology addresses the need for secure distributed file sharing without the weaknesses inherent with the current model being used for such. As with sites like pirate bay etc. there are those who would like to suppress such activity. The existing model is vulnerable to takedowns etc. whereas MetaCode technology is unassailable. Operations like wikileaks have attracted negative attention. If Julian Assange had remained anon, then the project could have moved along unfettered. We are very proud of the groundbreaking tech that we have developed. But for the sake of the continuance of the usefulness of the tech we have set aside personal pride to ensure that lack of anonymity doesn't become the Achiles heel of the system.
MetaCode Token Genesis Event escrow service guarantees that all key elements during and after the ICO are handled with the greatest care and attention to detail. There is no higher standard of guaranteed dependability and reliability. Making MetaCode project and ICO fully trustworthy as our team is bound by the terms and conditions of the Escrow Agreement.
THIS IS JUST THE BEGINNING
Market analysis forcasts a very bright future for the MetaCode project. We have learned through marketing expert consultation that the concept of "bliss point" as it relates to the idea of balancing the needs/desires etc. of the utility users of the tech. Main utility use includes uploaders and downloaders of files for sharing. With a degree of overlap between the two. So, uploaders (being incentivized by collecting MetaCode tokens sent by downloaders) will naturally want the token to reach maximum valuation. And downloader incentives to use MetaCode include getting files with a convenient, reliable, fast, safe, secure experience free from malware, virus, obtrusive ads, tracking etc. File downloaders generally can get a file for a coded transaction of around 1/4 of a MetaCode token. At ICO price that's about 1/3rd of a cent per file. But with the high degree of added value brought to the user by MetaCode tech. The price point threshold for average user download cost tolerance is around 50 cents per file. This means that token value has a conservative projected value increase before exceeding estimated cost tolerance of around 150 times the ICO price. And since the token recirculates to MetaCode via uploader activity and can then be metered out into the ecosystem to best provide balance between token value and continued user base expansion, MetaCode token is expected to plateau somewhere around the $1.50/token mark and settle into relative stability.
Further, since MetaCode project is conducted with escrow. We can safely and reliably mint huge "reserve" token supply with the sole purpose of burning excess tokens to support token value increase. Exact details are explicitly built into the contract.
Excerpt from the contract:
- - - A massive surplus of tokens will be created from the crowd sale (landing in the multi-sig) that will have the purpose of a ballast toward token value increase.
The way this will work is that a huge amount of the tokens created during the crowd sale will be sent to a burn address in stages after an appropriate amount of time following exchange listing(s).
With burn event beginning 10 to 20 days after first exchange listing and token genesis event conclusion.
- - - The total supply of the tokens will be drastically reduced
as a result, causing a supply drop shift in token value. This should
create a stir in the exchanges gaining lots of attention toward the
token. (always good to appear in the top 10 of trending tokens gaining
value). The burns shall happen in stages ( 1/14th of 14 trillion tokens at a time approximately every 1 to 2 days over 14 to 28 days).
More announcements are in the next post.
