Blockchain adoption hindrance in large-scale Metaverse applications
After more than a decade of development, blockchain has made significant strides in the field. More and more blockchain projects are using new technical solutions, resulting in a boom in the blockchain industry. But, large-scale applications demand complicated computations, but the current blockchain systems can’t handle them.
“In order to confirm the logical execution of the traditional application and reaching consensus among thousands of full nodes, the contract computation speed must be thousand times higher than present TPM.”
The decentralized digital assets are distributed via insecure centralized websites. The logic and most server-side codes are hosted on the centralized servers.
Due to centralized organizations in every platform, a shut down of applications or change of operating regulations can occur. Additionally, they can’t prevent attacks and tampering, which is a significant threat to the security of digital assets on the blockchain. This would be a major issue in the virtual world. Users will encounter an untrustworthy virtual environment, and the blockchain-based Metaverse dream will never be fulfilled.
In the virtual world, imagine that you’ve invested a lot of time and money in acquiring digital assets like virtual identities and land to your satisfaction.
Your virtual identities no longer have social prestige or precious land, but there is nothing you can do about it when the game’s developer modifies the game’s regulations. The digital assets in your account are still there, even if the application has been shut down, but they are no longer useful or even accessible and have lost all of their value. What a hassle that would be! Metaverse applications that store users’ digital assets must exist in perpetuity and be completely distributed.
How come large-scale applications like games, online shopping, and social networks can’t be deployed on the blockchain? While this is widely held, it is constrained by the current blockchain system’s architectural design, making it a particularly tough problem to solve.
“The metaverse exists as an eternal virtual universe. It provides a wide range of services to its users, including the ability to work, create, and shop, as well as access to media, news, and financial information.”
That would be a near-impossible feat to accomplish with the current state! As a result, each on-chain computation would add up to a hefty transaction fee. Every step you take in the metaverse costs you ten minutes of your time and tens of dollars in execution fees, which you can’t even begin to understand. It’s a terrible thing to go through.
Keep following Ethanim’s grand plan for large-scale application deployment.