Internet of Digital Currencies : Identity-based MetaMUI blockchain — The ultimate solution for CBDCs

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Both in cryptocurrency and in blockchain, the ownership of the token is bind to the private key. This causes lots of trouble to many users. Some users have lost their private key and lost all their assets such as millions of dollars worth of Bitcoins. In MetaMUI, the ownership of the token is bind to the identity of the user, so even though the user loses the private key, we can easily replace the private key, and the asset is not lost. although MetaMUI has introduced the identity mechanism, we are using decentralized identity technology called self-Sovereign Identity (SSID). Therefore, the user’s privacy is a lot more secure than other conventional, anonymous blockchain systems. We also protect the confidentiality of every user’s transaction by having zero-knowledge encryption of the data.

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